Economics is the study of the production, consumption and transfer of wealth. Business economics is the study of how businesses effectively and efficiently manage resources. It examines the microeconomics of individuals, households and businesses in specific markets. Additionally, macroeconomics is examined, studying the functioning of the overall economy and the impact of economic growth, unemployment or inflation on business economics.
A Bachelors of Business Administration with a concentration in Economics at Colorado Mesa University provides a student with a solid foundation in all of the fundamental areas of business and combines this with additional work in economic analysis. Students acquire the ability to analyze forces that affect interest rates, incomes, foreign exchange rates, wage rates, employment and unemployment levels, inflation, recession, and the structure and competitiveness of firms and industries. Students also learn how to analyze the effects of public policy changes such as increases or decreases in government spending, taxes, and the money supply.
Past CMU graduates have pursued many career paths including bank management, financial planning and advising, Governor's Office of Planning and Budget (Utah), capital acquisitions analyst for a major hospital, entrepreneurs/business owners. They have also gone on to Graduate Schools to study economics, business, labor and industrial relations and law. To better equip students beyond college, CMU offers various professional development opportunities including business student clubs and organizations.
• Actuary
• Business Forecaster
• Chamber of Commerce Analyst
• Commodities Trader
• Commodity/Industry Analyst
• Consultant
• Consumer Affairs Director
• Cost Analyst
• Credit Analyst
• Demographer
• Economist
• Efficiency Expert
• Financial Economist
• Financial Officer
• Financial Planner/Analyst
• Financial Reporter
• Government Administrator
• Government Regulator
• Industrial Economist
• Industrial Transportation Specialist
• Industrial/Institutional Buyer
• Information Scientist
• Institutional Research Director
• Intelligence Agent
• International Trade Specialist
• Journalist
• Labor Economist
• Labor Relations Specialist
• Management Consultant
• Market Research Analyst
• Politician
• Populations Studies Analyst
• Public Administrator/Manager
• Project Manager
• Securities
• Securities Trader
• Teacher
• Technical Writer
• Treasury Management Specialist
• Urban/Regional Planner
Note: Some of the occupations listed above may require additional education, experience, or training beyond a bachelor’s degree. To research these occupations use the Career Research Resources links below.
• Analyze data to explain economic changes and forecast future market trends.
• Develop economic guidelines and standards used in forecasting trends and formulating economic
policy.
• Forecast production and consumption of resources.
• Study economic and statistical data in a specific area, such as finance, labor, or agriculture.
• Formulate recommendations, policies, and plans to interpret markets and solve economic problems.
• Give economic advice to businesses and to public and private agencies.
• Supervise research projects.
• Teach theories, principles and methods of economics.
• Testify at hearings concerning the effects of changes in legislation and present recommendations
based on cost-benefit analyses.
• Businesses
• Entrepreneur
• Investment Firms
• Hospitals
• Hotels
• Law Firms
• Financial Institutions
• Trade and labor organizations
• Government agencies
• Insurance companies
• Educational institutions
Skills Needed by Economics majors:
• Analyze and interpret data
• Critical thinking and problem solving
• Numerical computation
• Leadership
• Sound decision-making
• Oral & written communication
• Organizing activities
• Computer literacy
• Flexibility
• Team player
• Directing and coordinating activities and staff
• Cross-cultural skills
• Interpersonal skills
Other Economics resources
Reach out to CMU Career Services for resources and guidance on reaching your career goals. Career Services takes an active role in providing career exploration, workshops, events and on-campus employer visits to encourage students to investigate and gain information while creating their career path.
You can also use these sites to research information about specific occupations such as nature of the work, training or qualifications, employment or job outlook, projections, earnings and wages.
Occupational Outlook Handbook: https://www.bls.gov/ooh/
The Bureau of Labor Statistics
O*NET-Online: http://www.onetonline.org
The U.S. Department of Labor- In the occupational search box type in key words, job titles, or occupational codes to research various careers.
My Future.com: https://myfuture.com/
The Department of Defense
- This site compiles information from departments of Commerce, Education and Labor.
- American Management Association
- National Management Association
- American Marketing Association
- American Advertising Federation College Chapters
- Asian American Economic Development Enterprises
- Public Relations Society of America
- Association of Environmental and Resource Economists
- National Association for Business Economics
- American Economic Association
- American Agricultural Economic Association
- The American Real Estate and Urban Economics Association
- National Association of Economic Educators
- Association for Evolutionary Economics
- National Association for County Community and Economic Development
- Association of Southeast Asian Nations
- Business Job Finder
- Executive and Management Job List
- Jobs Web
- The Business Journal
- American Agricultural Economic Association, Career Opportunities
- National Association for Business Economics, Career Center
- eFinancialCareers
- Nation Job (Search by Banking)
- College Grad.com
Also check specific organizations and associations, such as the ones listed above, for job opportunities.