I-MBA in Business Economics and Managementis designed to provide a comprehensive understanding of Business Economics and General Management. It is a combination of traditional I-MBA with a concentration in Economics and Business administration & Management. The I-MBA degree is designed to address current industry demands of the global job market while having a strong focus on business administration.
This degree provides utility, expertise, and experience in a wide range of business, leadership, and managerial roles. It gives the understanding to deal with managerial intricacies keeping in mind the domain of Business Economics and Management.
Through an economics concentration, you’ll develop a deep understanding of business topics that are rooted in economic principles. Examples include Global markets, Local economies, Public policy, Consumer behavior, pricing indices, Purchasing power
Unlike a Master of Arts (MA) in Economics, This course is, first and foremost, a Master of Business Administration (I-MBA). That means that you’ll have a broad understanding of the ins and outs of the business world, with a special focus on how economics shape business. In contrast, an MA in economics is entirely focused on economics, and only covers business as it relates to economic principles.
Business Economics and Management is so important to successful, modern business with this management course. You'll learn the skills to become a business leader with a specialism that is valuable to many large, global companies.
It deals with the decision making and forward planning in uncertainty and integrates economic theory with business practice for the purpose of facilitating decision-making and forward planning by management. It is a science that deals with the application of various economic theories, principles, concepts and techniques to business management in order to solve business and management problems.
Apart from the mentioned points, this course can be helpful in following ways.
Helpful In Organizing: Business managers can learn through the study of Business Economics what to produce, how to produce, for whom to produce and when to produce. This helps them to organize well.
Helpful in Planning: Managers with the use of business economics can plan to mobilize and use resources effectively.
Helpful in Decision making: Business manager can decide on the basis of their knowledge of Business Economics number of relevant things such as what kind of production should be undertaken, what should be the technique etc. so as to get the maximum profit.
Helpful In coordination: Business economics helps to establish coordination between traditional theoretical concepts of economics and actual business practices.
One of the perks of an I-MBA in Business Economics and Management is its flexibility. The principles of economics are at play in every sector, so you won’t be limited to one area or industry in your job search. There are opportunities in such private and public sectors as:
With an I-MBA Business Economics and Management, you can find work in the public and private sectors. Pay scale lists top employers for this degree as comprising a number of top large companies.
