International students often choose the Business and Economics discipline due to its widespread popularity worldwide. While Economics focuses on studying the science of an economy, including production, distribution, and supply and demand, Business primarily delves into the management aspects of the economy. A degree in business and economics equips students with a deep understanding of fundamental economic principles and their implications on international finance, public policies, and business management.

Graduates of business and economics programs are well-prepared for advanced degree programs or careers in various fields within the business and financial industries, as well as government and nonprofit organizations. The degree program offers numerous benefits to students, including developing analytical and qualitative problem-solving skills in economics and gaining insights into how economic trends influence decision-making within firms. A Business and Economics degree is essential for those aspiring to pursue careers in banking and finance, investment firms, business management, international development projects, as well as positions in government and nonprofit organizations requiring economic analysis and financial management skills.

Specialization

The Business and Economics discipline is one of the most popular program choices for international students coming to Australia.

The main difference between the two areas is that Economics investigates the science of an economy, production distribution and the supply and demand of goods, while Business primarily deals with the management aspects of the economy. Specializations include:

Qualification

Business and Economics programs are offered at the following qualification levels:

• Certificate
• Diploma
• Advanced Diploma
• Bachelor Degree
• Graduate Certificate
• Postgraduate Diploma
• Masters by research/coursework
• Professional Doctorates

Professional Associations

Many business programs include internships, practical assignments and placements that provide students with practical experience. For example, many Certificates are traineeship based and combine workplace experience and theory.

Some vocational and university programs also require placements in the workforce. For example, a student completing a program in Hotel Management may be required to complete a 10-week internship on which they are assessed in an international hotel.

Other programs require students to complete assignments based on working in businesses, such as designing and publishing a brochure for an event.

On graduation from a Business or Economic program, students may be eligible for membership to an international professional association below. Full membership to some of these associations requires a person to complete further study. For example, a Bachelor of Commerce graduate may complete further courses to become a CPA or Chartered Accountant. By becoming a fully accredited accountant, they will increase their earning capacity.

Career opportinuties