Business Economics Major
Jumpstart Your Business Career
The world we live in has a serious scarcity of resources. If we all could have unlimited access to goods, such as breathable air or drinkable water, the world would operate much smoother. However, since these resources are not abundant, we need to create some kind of order of allocation to avoid conflicts or war (Economics). Simultaneously, organizations and individuals prioritize certain economic activities in order to make a living by producing, buying, and selling commodities and services (Business). Thus, by combining these core fundamentals, the Business Economics major was born.
Due to the vast array of facets in Business Economics, the major is separated into six concentration modules: Entrepreneurial Business, Economics, Management, Marketing, and Finance. Students will learn the diverse ways of analyzing economic activities that go beyond national boundaries, such as international trade and the flow of capital, while developing the actual skills to assess and determine order for the allocation of scarce resources. In addition, the many components of business will be deeply studied, while developing the skills to analyze markets and making the decisions required to build an organization with sound management. Mastery of the concepts found in the two core fields of Business and Economics will provide numerous opportunities in companies, ventures, banks, consulting firms, among other global organizations, as well as a clear path towards an MBA or other advanced degrees.
Words from Business Economics Faculty
Yoshitaka Okada | Director of the Institute for International Strategy and Professor of International Business
The field of Business Economics first sparked my interest when I was in high school, studying abroad in the USA for one year as an American Field Service (AFS) student. I was shocked to find the differences in culture, values, and behavior that drastically changed my world perspective. As I became a better communicator in English, I came to deeply appreciate diversity and its importance to society. This appreciation was further enhanced later that year when I traveled with AFS students from around the world across the continental US. I had a dream of promoting the improvement of the world, and eventually eradicating poverty in developing countries. This led me to first study economic sociology, then economics, and finally business - hence, the foundation of my teaching style highly revolves around these three core topics.
Sumire Stanislawski | Associate Professor of Marketing
I enjoy teaching in the E-track program because discussions are always interesting and I get to learn new perspectives from our diverse student body. I feel a major advantage of our program is this global perspective that students encounter throughout their time here. In my classes, I try to have discussions where students can share how their lived experiences align with or differ from theories taught in class. We also look at cases and analyze them together (for example, by using SWOT analysis) to deepen understanding of how concepts learned in class play out in the real world of business. Emerging business leaders need to be able to communicate cross-culturally and analyze complexities from an informed perspective. I believe our program offers a solid opportunity for students to gain such skills, both in and out of class.
This major is separated into six separate "concentration modules" that encompass the most essential paths of business and economics. As of April 2018, TIU is offering new courses in IT and Entrepreneurial Business through these unique collection of courses to instill students with the practical skills necessary to thrive on the global stage. Click the modules below to see a correlating list of courses and their descriptions.
- Entrepreneurial Business
- If you aspire to start your own business or bring a family business to Japan or new markets around the world, the courses within this concentration module will be essential to get you on your way.
- Each market in the global economy has unique characteristics that make their worlds spin. This concentration module will instill you with practical knowledge and give you the opportunity to earn real experience in global economics.
- For those who are inspired to get a head-start on business management or aspire to earn an MBA, this is a special concentration of courses to start you off on the right foot.
- This concentration highlights practical skills that are required to be successful in marketing. If you are enthusiastic about learning how markets function differently around the globe, this is right for you.
- The popular expression, "Money makes the world go-round" is a universal truth of economics. This concentration module will equip you with the practical skills and knowledge to make an impact in finance.
* A full list of courses in the Business Economics major can be found here.