Video Outline: Difference #1: 1:30 Difference #2: 2:30 Difference #3: 3:54 Difference #4: 5:12 Who A Business Major Is For: 7:36 Who an Economics Major Is For: 9:58 Why I Switched From Business To Econ: 12:22 Comment Below: What are some other key differences between business and economics? If you are new here, HELLO! My name is Calvin Raab and here I make videos all about personal finance. If you are interested in anything like that I would love it if you would subscribe. Here you can find new videos here every Monday and Friday! Have an awesome rest of your day!
Difference #2, Bachelor of Commerce, Major in Accounting Students would like to have a word with you. They go deep like Economics. They had to take Advanced Financial Accounting, Managerial Accounting, Taxation, and Auditing just to be qualified for CPA programme. Note, They are just pre-requisites which means that they had to study for additional 2 years in CPA school or pursue Master of Accounting Programme just to be qualified to write a CPA exam to earn the title.
I'm not THAT good in mathematics but I'm really interested in economic or business, I guess I should pic business, what do you think? Thank u so much for being so clear and helpful 💖
Last year I was studying business , I’m switching to economics this academic year , economics is much richer and more interesting; in Business I felt like I was studying things I could’ve known by myself 😂 , idk it’s weird I didn’t feel like I was learning something interesting.
OMG.Man I was overthinking about which major to choose for so long and couldn't make my mind.I am admitted to Mcgill University(economics and finance) and Erasmus University(International Business Administration) and should make a decision.This helped A LOT to understand that business is exactly what I want.Thank you so much,appreciate it
I’m an economics major at a LAC so I don’t really have a choice between the two but I find that a lot of the more “practical” knowledge isn’t too hard to gain at least in a basic sense especially if you are able to take a couple of the basic/intro courses like accounting in addition. I was surprised how much I knew walking into my intro accounting because I already understood some basic business principles and finance concepts from my intro micro and intro macro classes (mostly intro macro).
This is the most helpful major decision video I’ve watched so far. As someone that’s “deer in the headlights” of choosing a major, this really helped clear the air. Thank you
Haha that's funny. In high school I actually didn't enjoy math that much, I was good at it but I didn't enjoy it. It wasn't until I got into college and started taking higher level math courses that I really started to enjoy it.
And am trying to figure out wht exactly to do with my lifee , was considering medical just cuz society expects tht even tho i know i dont like science labs etc as much , i was considering law,economics or pilot training nd i literally never felt so lost beforee :(((( serious advice help needed here uni is also something i wanna experience and i cant decide if i should do pilot training cuz tht uni experience wouldnt be there i wanna make frnds and memries but also earn alot of money and be successful like i always wanted as i come from a middle class background sorta .. also this whole corona virus BS made me consider whether its a good idea to enter uni when everthing is online currently and for awhile it seems :(( Wht do i pickk Between LLB law , economics business or pilot training?
This is the most detailed and indepth explanation ever that I was search for. Thanks and really appreciate for saving me years of school work. Now I know which to choose. For me now, I guess pay cheque major first and hobbies major later..Haha..
I was at a deep crossroads about wether i should pick Business Management & Administration or Economics for my degree. This video helped me distinctive a lot of important things that would help me in my decision. I ended up siding with Business, however I'm going to see if I can minor in Economics. Thank you for the video, it really gave me great insight, stay well!
I 👏🏽LOVE 👏🏽 THIS 👏🏽 Video! It’s soo accurate! Very informative and he didn’t leave nothing out! I thought i was the only one who felt this way about economics and business but it just feels good to find a video that got what i have been trying to explain to my family about the differences between these two programs!
You have no idea how much this video helped me out! I have spent ages evaluating the pros and cons of taking each, and this helped me finally settled down on an option. Thank u for the help!! I really enjoyed the style of the vid and u seem overall real and passionate about the subject!
Economics is like the physics of social science within multiple businesses (behavior) , business is the application of service. You need both but economics is more powerful for an investor/ceo because of the wide range competition
A major difference between business and economics are credit requirements and flexibility. A undergraduate economics degree generally requires a completion of 30 credits, some of which are economics and some of which are mathematics including calculus 1 and 2. Business majors have more course requirements, usually 90 to 100 credits. So, you have more flexibility as an economics major. You can learn a foreign language really well. You can master a skill such as cooking which would be useful if you wanted to open up a chain of restaurants, for example. So, if you are interested in international business or entrepreneurship, economics may actually be the better option. if you have very specific goals that require you to study things outside the realm of business, I would recommend the study of economics, which gives you more flexibility to do things outside of business. One also need not major in business to develop business skills. You can do a minor or a certificate in business with an economics major. Or you can do an economics major and then decide to do an MBA later. There are ways to choose both. You don't just have to choose one.
What country do you live in? Where I go to uni economics is only done as an extended major and has more core units than any standard business degree at the same uni.
@@dyingslytherin4947 United states. Typically an economics degree requires between 30 to 36 hours or 10 to 12 classes in economics. That leaves you a lot of flexibility to dabble in other areas like Chinese or computer science. If you are a business major, you would have to take 20 to 30 classes in business. It doesn't mean that business is harder because you definitely aren't going to have to take calculus like you would for a bachelor of science in economics, but a business curriculum tends to have more hoops to jump through.
between a bachelor in accounting and finance(7 exemptions for ACCA) and a simple BBA which ones better? i find finance cooler i can do a minor in business data analytics with both of these ( the major i started initially business data analytics but might be switching for some reason due to my non credit math course not getting passes) there are stats math courses in BBA with more specialization options too tho with accounting finance doesnt seem to have but i have yet to study accounting i really wanna do data sci masters but math aint my thing :/ i am kinda introverted too sometimes XD Which ones better
@@aena5995 the BBA will have the most required classes, and it could be something like 90 credits. A ba or BS in a business field such as accounting or finance may be somewhere between 45 credit for a ba and 60 credits for a BS. From my experience, usually a university offers the BBA only or choice of the BS or BA.
But now, economics field are veering away from abstract mathematics. Look at the recent presentation of American Economic Association this year. They are focusing more on the real world application of economics and at least removing mathematical fetishism of economics. The field of economics is now changing and I am happy to this initiative that they tend to focus now on the applicability of economic theory in business, government and society.
Very true! In the last few years I have seen many econ majors requiring econ students to take many of the same classes business students take. I do like the direction the major is heading in.
Thanks so much, this really helped organize my thoughts for my personal statement. My original answer was "I'm an econ major because ..... I don't know, ask me about my other major please...."
I'm having a really hard time deciding between these 2 majors. I'm really passionate about economics and maths but at the same I'm also passionate about business. I want to dig deep but also want to learn practical stuff at the same time
Thank you very much sir, for all these honest and unbiased thoughts,knowledge and perspective ..... I really needed this very much and again thanks for helping a lot of people ... may ALLAH gide you to the right path
Excellent. I just graduated this spring and this video is spot on. I believe that the route a person should take if Grad school is in their future is this one, with a core understanding of Econ, and then pursuing MBA. I was actually discouraged by my advisor to not go the Econ route, and stay with the BBA Econ. Still, very happy I am a part of a distinguished group.
I don’t enjoy math too much but I love digging deep into things, researching, and learning new things and why they work. But I also want to be an entrepreneur and start my own company some day. What do you think would be best for me? I’m only in 9th grade, so I’m still deciding what I want my career to be. But I’m definitely interested in these 2 things.
Have to add one fact if you want to pursue the higher studies: PhD in Business (Management) is compensated much higher than PhD in Economics, especially PhD in Accounting and Finance. The Accounting PhD has an extremely strong marketability. These two can make almost CA$150K a year in Canada as a new assistant professor. On the other hand, professors in Economics make much less than professors in the business school and usually more difficult to get the tenure track position. If you really love economics, please consider a PhD in Business Economics offered in the business school instead of the department of economics.
Honest answer. Do you think you can be an econ major with average math skills, or must you be exceptional at math to major in econ? Im going into university this fall as a econ major but im afraid my average math skills will weigh me down.
Also, im having difficulty deciding on a minor to econ. What minor alongside an econ major do you think would increase my marketability right after graduation?
@@user-qt7jt1fi6l I've been average at math through my educational life, and i am at the 3rd semester of econ now. For me, it is all about willingness to learn math. There is a lot of math through this major no matter what, but it is all about wether you like it or not. I am not extremely talented at math(not bad either), but i have always been motivated to learn it, and i think that is what has kept me through the tougher and more mathematical times.
Me and you are in the same boat. I did dual enrollment as a senior this year. I took calculus at a university, and it was harrd. I got a B in it. In school, I always got As in math, but I never considered myself good at math. I have always just been good at school. I do not like math and do not necessarily understand it. However, I am determined to study hard when I am admitted this fall. For me I am not interested in math but in Econ. I have ordered volume of 1 of Das Capital by Karl Marx off of amazon and plan to watch lots of econ videos this summer to hopefully spark some passion in me. I say when doing math, do it for the understanding of econ not for math. I don't know about you, but I am very serious. Econ at its root is a social science, and I love social science (as well as history). I view it as the social science that is most likely to make money, so I am not giving up any soon.
I majored Economics but I think this was a bit biased haha. I am one of those that studied Economics but working mostly with business majors. The best thing I got out of Econ major is that I took mathematics and Computer Science classes and those give me the edge over the general business majors who didn't do accounting or finance.
Very true! Yes, I feel the same way. I feel that all the math courses I take as an econ major give me an edge of general business majors in many data analytics job interviews. But then again, I am biased as well haha.
@@calvinraab8798 How much math did you take? Is it all lower division. Have you done real analysis or abstract algebra. I am trying to play catch up after screwing around with accounting for far too long.
i didn't expect that i will have a clear answer after watching this video but all my answer to the business were YES and NO to the econ woooooooooow thank you so so much
Hi Calvin. You said you go to UCLA and that there was an economics major and a Business economics major. Do you know or have you heard if the Business Econ major is more practical than the economics major? Thanks!
Idk if one is more practical than the other but Pre Business Economics makes you take more management classes and you can get a minor in accounting. This major is harder than the regular economics one tho.
I think you should go into the difference between a BA and BS in Economics because I'm pretty sure that might impact students' experience studying economics. For example, you say that econ requires A LOT more math than business. However, my college (which offers a BA, not a BS) only requires Calculus 1, a basic statistics class, and one computer science class for the Econ major. According to a little research I've done, it's not out of the ordinary for undergrad econ degrees to be relatively light on math. For this reason I was under the impression that I could handle an economics degree, but your video makes econ sound much more intimidating to someone who doesn't consider themselves a math aficionado. Just something to consider. :)
Double majors are great if you feel that you can handle the workload! With econ and business there are likely overlapping classes so getting a double major may not be too much extra work. I would also think about why you are doing it, are there specific skill sets that you get with one and not the other? My school doesn't have a business degree for undergrads but if it did I would certainly consider a double of econ and business. I would also look at the classes you would take for each and make sure they are different enough that you are getting new skills by doubling. I hope this helped. Let me know if you have any further questions.
Regarding eventually going into analytics, whether for a business, government or health field, would a major in statistics and a minor in economics be a good combination?
Hey Calvin, I'm currently an engineering student that is going through the process of changing majors Econ is one of my top two. The reason I'm hesitant to go into Econ though is because the only reason I'm changing from Engineering is because I couldn't get through the Engineering Math 3 (Vector Calculus). I've looked at my schools major and they require calculus 1 & 2 but not calc 3+ do you think I will have calc 3 in my higher level econ classes and do you think since I struggled with Vector Calculus I should not change over to Econ?
I’m still currently in the process of completing my economics degree but you shouldn’t worry about not being able to get into Calc 3. The most advanced calculus I’ve encountered is having to take a partial derivative (which my professor taught us on day one and 100% didn’t expect us to know beforehand) and also knowing your stuff in regard to basic derivatives from Calc I (Calc II seemed most helpful because you encounter more complication versions of Calc I problems,, but I didn’t do well at all in Calc II and am fine). Any math past having to take a partial derivative becomes important for grad school purposes but economics departments seem to generally be very transparent about prerequisites. There are definitely advanced undergrad classes that may require linear algebra but those are among the many you can choose for the advanced classes to complete the major (at least as far as I know).
Alexandria thanks for replying! Unfortunately I decided against economics due to the fact that most of the jobs in my area you needed a grad degree to make good money. Hope you do well with the rest of your degree and find a job quick upon graduation!
Robert Atkins Haha no problem! Out of curiosity what major did you decide on? It’s interesting to think about as a student at a LAC because economics is one of the more ~obviously applicable~ majors you can choose (the only one ahead of it is CS).
@@clytemnestra I decided on Industrial Distribution which is a mix between business and engineering. After undergrad I plan to get a master's in either Marketing or Finance.
I'm not THAT good in mathematics but I'm really interested in economic or business, I guess I should pic business, what do you think? Thank u so much for being so clear and helpful 💖
Thank you so much for this video, it was helpful. I am currently a bio major and I want to minor in business to have an idea about it and see if i really like it. I am really indecisive about my major, I like bio, I like business and love math, as you can see i am pretty lost. However, you said economy gets deeper and has a lot of math. Do you think minoring in business and see if I am really interested in it then changing it to an economic major is a good plan ??
Great question! I would first pull up a course list at your university and look at the classes that econ/business students take. See if these are classes you are interested in. Maybe see if you can look through a few of their textbooks in the library. Then you can go from there and decide if that is something you want to pursue.
Hey! Your videos are amazing! I understood that I am more passionate about business. Could you please recommend best universities for business major (for undergrads)? Thanks!
Thank you so much, I finally decided which major im going to take, I think business and after mba, I am not too good at math, and I don't need things that I'll probably;y never use
Don't take undergrad business, it is completely worthless. A lot of people hate math because they do not want to try. Just leave and go into the trades, your simply not fit for management and your business idea is likely garbage.
@@samir_gadimov It should be noted that not all bbas are bad. You have idiots who want to be sports managers and marketers. These aren't real careers. Just do not go to generic state college and make sure your program has connections and cal 2.
@@Doritos-ik5eu I don't have calculus 2 in program but I wanna connect my life with investments and stocks, I am really confused and can't decide which one to choose
Question? For example: i'm still young but i think that in the future i want to have a business or work in real estate or being in the world of investing Do you think i should follow business ir economics?? Realy appreciate your work.keep going😊
Both of those can lead to jobs in either of those fields and I don't necessarily think one is a clear winner over the other at achieving jobs in those fields. I would do whichever one you believe best matches your interests and personality. Hope this helps. Let me know if you have any further questions.
Hey, your decision in choice of major should largely be determined by HOW you want to invest but overall the choice to buy real estate as an appreciating asset should be a thought independent of your college major. Now if you're looking into becoming a realtor as a profession I'm involved in real estate, currently a mortgage processor studying economics, international business and real estate at SDSU since many of the classes at my college overlap but you don't need a degree to get into real estate per say (at least not immediately). If your interest is being a broker, take a 3 course class either with your university or with a community college (if you're not enrolled or under 18) so when you are 18 you can take the real estate sales exam. Having a background in real estate can open a lot of doors in terms of wealth building and sometimes if a company is interested, however rarely, in oversight on acquisitions. You're going to have to find out the qualifications for the brokers exam in your state it usually requires a couple years of sales experience so you can either attempt to be a salesperson part-time however it requires you to be extremely flexible and marketable. You can also do what I'm doing which is be involved in a brokers office for a couple years to be considered experienced with my license as well as taking the required courses for the brokers exam which are very closely related to general business courses (legal aspects of real estate and real estate finance) and some economics (appraisal and real estate finance) however it's closer to business as the real estate courses tend to be more conceptual without an in-depth look but rather an outline on general application good luck!
I don't agree with the first difference. Econ models and econometrics are very practical if you are gonna measure impact from one variable to another (Fed funds rate over exchange rate, for example) or even predict things (exchange rate or gdp). It's a matter of what you're applying it to, but econ it's pretty damn practical.
Hello from Russia 🇷🇺👋🏻 Thanks a lot,so helpful!) However,can i just take some classes from business if I study on economy?I am going to USA this summer and really enjoy all stuff,which you do,thank you again,Calvin!)
Hello! Thank you for your comment. I am not too sure I understand what you are asking. What do you mean when you say "can i just take some classes from business if I study on economy"? Thanks!
I think that he is wondering is it is possible to Major in economy (therefor take economic class) but also take classes that a business major might take
Hi, I’m heading to USC as a Econ major in the fall. Ive never taken calculus (know nothing about it, therefore I’m irrationally afraid of it) so do you think I’m behind other Econ students for not taking it? Is there something I should do? Thanks so much
First of all congratulations on your acceptance to USC! I go to UCLA so we are now rivals haha, but USC is a great school!! I don't personally know what the USC Econ major course requirements look like but I imagine it looks similar to UCLA's. If you have not taken calculus before then you will definitely have to take it at USC. I would just make sure you are not taking any courses that require calculus knowledge before hand, although I doubt you would even be able to sign up for those classes because calculus will be a pre-req. I wouldn't worry about getting into a class and not knowing calculus and needing to know it because you will likely take calculus right away when you get there. As far as preparation is concerned, if you are worried about these classes you can start preparing for them. What is amazing about calculus is how much great information there is online, calculus videos on RUclips basically got me through calculus. I would highly recommend starting to learn some calculus in preparation for the class. Personally, before I started taking calculus courses I worked my way through Khan academy calculus videos and that really helped me. I would also consider looking at which calculus book the calculus courses use at USC and getting that. If you get started this summer learning calculus (with the online resources it really isn't that hard) you will be good to go. Wishing you all the best and if you have any questions feel free to reach out to me. Thank you!
Anonymous yeah but I think it’s only certain programs at certain colleges. I’m going university of Tennessee and they have it where you can it a degree in business administration with extra classes in economics.
Calvin Raab idea or the University of Oxford idea: BA (Hons) Economics and Management. If you don’t get it in, other universities here in U.K. also offer BA Economics and Management Programme. Killing two birds (Economics and Management) with one stone.
Hello, I'm looking at transferring into UT Austin and saw that they have a B.A in Econ. What is the difference between a B.A. and B.S.? Is one preferred more to employers than the other?
ECON at UNC or Finance at Ohio State? UNC is obvious better school but the math in econ scares me and I don't wanna take a foreign language and other gen eds
Hello, I'm having a hard time deciding. I am a programmer and also learning data engineering. I was wondering if I should major business or economics, because I'm looking to get into quants/finance, do you know which is best for me?
Opposite is better, you will need math for an econ grad. This is my ideal idea, (Math BS / Degree you love + Set of math courses required for Econ Grad, Accounting Minor, Econ Master but one focused on computational or quantitative economics / Finance) If you do this you will be gold.
Nasty Stair I dont have any experience in either Econ or Business, but judging off the video, a business major would help you much more if you want to start and/or lead businesses.
Economics is way better and most people who major in econ duel major in a highly mathematical STEM field. These people who study math are data experts where as business people are completely worthless. The fate of a business degree holder is either to be a boomer boss or to be a middle man who is no longer needed unless they spend 10+ years climbing up the organization. Elon Musk, Buffet, etc. all studied econ. Business is actually a bad degree and these that study it are not CEOs but middleman like CFOs, controllers, COOs and have to start out with a garbage salary and work their way up. If your program isn't studied by Asians it is a worthless degree.
Hello, I was recently admitted into the Business Economics at UCLA. I was wondering if UCLA provides hands-on experience for those who wish to pursue it (like internship opportunities, real-world applications, etc.)?
Woohoo! Congrats on your acceptance! UCLA is an amazing place! UCLA does help with internship opportunities although a lot of it you still will have to find yourself. It is helpful being in LA which has so many opportunities. If you have any further questions about UCLA or econ in general let me know. I love UCLA and always enjoy talking about it.
@@calvinraab8798 Hello, thank you for your response! I have another quick question; I was wondering about the amount of math required in college level economics, since my calculus isn't particularly good...
Fizz Hobbes calc 2 (math 31b) is the highest you go to economics.ucla.edu/wp-content/uploads/2016/09/8-9-Bus-Econ-Major-Requirement-2016-2017.pdf this the requirements for the major
Both majors work well. As far as investing goes you will want to look at which major has a more finance courses that dive into the stock market (and other asset classes). That varies from school to school.
Some of this may be true i guess, but there is no such thing as a "business major". you always specialize in something related to business, and that is when you dive deep. In order to specialize you have to be introduced to everything like you said, so you know what you like and you can actually dive deep into that. I would not say that business is very surface level. Plus you took business administration, which is more about management compared to other specializations like finance, which is why there was less math courses for you.
Thanks for the comment! Agreed! A concentration does allow you to dive deeper. I know for me everyone was business administration then we had a choice of 6 concentrations. Although I will mention the concentrations don't dive as deep as one would with a bachelors in said concentration. So a business degree with a concentration in economics doesn't dive as deep into econ as someone with an econ degree would. Thanks for commenting! :)
I completely understand, I have been there. The right one will come one way or another. And if you pick one and don't like it, you can always switch like I did. Best of luck to you!
@@calvinraab8798 so do u think its a good idea to go with econ , i did science all through out school so no actual experience with commerce subjects and am trying to figure out wht exactly to do with my lifee , was considering medical just cuz society expects tht even tho i know i dont like science labs etc as much , i was considering law,economics or pilot training nd i literally never felt so lost beforee :(((( serious advice help needed here uni is also something i wanna experience and i cant decide if i should do pilot training cuz tht uni experience wouldnt be there i wanna make frnds and memries but also earn alot of money and be successful like i always wanted as i come from a middle class background sorta .. also this whole corona virus BS made me consider whether its a good idea to enter uni when everthing is online currently and for awhile it seems :(( Wht do i pickk Between LLB law , economics business or pilot training? I just wanna be able to work and make enough money for myself , was planning on the pilot traning however i feel like i should have a plan b degree in hand as Covid 19 thing just messed it up a bit for aviation and stuff apparently
Thank you for watching and commenting! Economics is actually not a business major and there are key differences between them as I discuss in the video. Economics is considered a social science and very rarely will the major fall under the majors within a business school. For instance, I attend UCLA and economics falls under the "College of Letters and Science" and not under our business school. Although, I will admit that during an econ degree you will take many business classes and cover many business topics, it is not a business major. And the "business" that I am comparing it to is the general business administration major that is taught at most universities although the business major does fall under multiple different titles. Thank you for watching and commenting I really appreciate it.
@@calvinraab8798 I think you have it backwards bro. It actually rarely falls outside of a business school world wide. I think UCLA is different in that regard. Also your university does not have a business school. So you are wrong with that info. And the general business admin degree essentially a major called management. But both Econ and Management are business degrees just like accounting or finance.
@@kennethjulio2572 hard.. Very hard.. Although they teach courses that are inter related the difference of application is quite evident. The other requires you to apply mathematics in a macro and micro level and the (bsba major in Marketing management) requires to be participative and focuses more on the study of consumer behavior which is fun.. In a simple term economics is stressful and the other is fun. Imagine having to switch classes couple of times in a single day 😂😂😂.. But I do hope that having 2 majors could help me in the future. I'm quite scared honestly, economics and business administration graduates don't usually get the job they really dreamed of compared to a graduate of accountancy.
My school offers a Business Administration or Business Economics. I don’t know which one I should go for. I’m really good at math and want to make business eventually
Video Outline:
Difference #1: 1:30
Difference #2: 2:30
Difference #3: 3:54
Difference #4: 5:12
Who A Business Major Is For: 7:36
Who an Economics Major Is For: 9:58
Why I Switched From Business To Econ: 12:22
Comment Below: What are some other key differences between business and economics?
If you are new here, HELLO! My name is Calvin Raab and here I make videos all about personal finance. If you are interested in anything like that I would love it if you would subscribe. Here you can find new videos here every Monday and Friday! Have an awesome rest of your day!
Difference #2, Bachelor of Commerce, Major in Accounting Students would like to have a word with you. They go deep like Economics. They had to take Advanced Financial Accounting, Managerial Accounting, Taxation, and Auditing just to be qualified for CPA programme. Note, They are just pre-requisites which means that they had to study for additional 2 years in CPA school or pursue Master of Accounting Programme just to be qualified to write a CPA exam to earn the title.
I'm not THAT good in mathematics but I'm really interested in economic or business, I guess I should pic business, what do you think? Thank u so much for being so clear and helpful 💖
@@elenalallo6438 Yes! If you're not really good in Math, you should take bussiness!
@@thatoxfordboy7393 too bad that most accounting programs are really biz admin with an accounting focus, in other words it is garbage.
Last year I was studying business , I’m switching to economics this academic year , economics is much richer and more interesting; in Business I felt like I was studying things I could’ve known by myself 😂 , idk it’s weird I didn’t feel like I was learning something interesting.
Hi can you help me I want to get some info about economics
Should I get degree in quantative economics or economics and investment
OMG.Man I was overthinking about which major to choose for so long and couldn't make my mind.I am admitted to Mcgill University(economics and finance) and Erasmus University(International Business Administration) and should make a decision.This helped A LOT to understand that business is exactly what I want.Thank you so much,appreciate it
I am glad you found it helpful. Thank you for watching!
I’m an economics major at a LAC so I don’t really have a choice between the two but I find that a lot of the more “practical” knowledge isn’t too hard to gain at least in a basic sense especially if you are able to take a couple of the basic/intro courses like accounting in addition. I was surprised how much I knew walking into my intro accounting because I already understood some basic business principles and finance concepts from my intro micro and intro macro classes (mostly intro macro).
This is the most helpful major decision video I’ve watched so far. As someone that’s “deer in the headlights” of choosing a major, this really helped clear the air. Thank you
Loved the video !!! As a high school student hearing “calculus” and “fascinating” in the same sentence made me cringe lol 😂
Haha that's funny. In high school I actually didn't enjoy math that much, I was good at it but I didn't enjoy it. It wasn't until I got into college and started taking higher level math courses that I really started to enjoy it.
And am trying to figure out wht exactly to do with my lifee , was considering medical just cuz society expects tht even tho i know i dont like science labs etc as much , i was considering law,economics or pilot training nd i literally never felt so lost beforee :((((
serious advice help needed here
uni is also something i wanna experience and i cant decide if i should do pilot training cuz tht uni experience wouldnt be there i wanna make frnds and memries but also earn alot of money and be successful like i always wanted as i come from a middle class background sorta ..
also this whole corona virus BS made me consider whether its a good idea to enter uni when everthing is online currently and for awhile it seems :((
Wht do i pickk
Between LLB law , economics business or pilot training?
I used to be scared of that word too lol but calculus has been easier than any high school math course I've taken
@@domeniclobbshow IDK what school you go to bro but that’s wack lmao
Is Porter's Five Forces more exciting to you. Calculus is great. Econ is WAY better than business because unlike business it is a real field.
This is the most detailed and indepth explanation ever that I was search for. Thanks and really appreciate for saving me years of school work. Now I know which to choose. For me now, I guess pay cheque major first and hobbies major later..Haha..
You're very welcome! Thank you for watching!
I was at a deep crossroads about wether i should pick Business Management & Administration or Economics for my degree. This video helped me distinctive a lot of important things that would help me in my decision. I ended up siding with Business, however I'm going to see if I can minor in Economics. Thank you for the video, it really gave me great insight, stay well!
I 👏🏽LOVE 👏🏽 THIS 👏🏽 Video! It’s soo accurate! Very informative and he didn’t leave nothing out! I thought i was the only one who felt this way about economics and business but it just feels good to find a video that got what i have been trying to explain to my family about the differences between these two programs!
You have no idea how much this video helped me out! I have spent ages evaluating the pros and cons of taking each, and this helped me finally settled down on an option.
Thank u for the help!! I really enjoyed the style of the vid and u seem overall real and passionate about the subject!
I am so glad you found it helpful. Thank you for watching!
This helped me understand more about Economics, I'm sure about taking this now in college. Thank you!
Glad it was helpful!
I'm taking a double degree for economics and business management this year! Thank you for this video 🥰
What school do you go to for this? I have no idea how college works sadly though 😭
Thank you for the clear and concise comparison, I found it very useful!
Very underrated channel. Good shit
Thank you so much Jesus!
You helped me understand a lot
Great, I am so glad to hear that!
This video is so helpful i don’t know it has so little views. Keep up the good work you’re really helping us out!
I appreciate that! I will continue making videos like this and in time the views will come. :)
Economics is like the physics of social science within multiple businesses (behavior) , business is the application of service. You need both but economics is more powerful for an investor/ceo because of the wide range competition
A major difference between business and economics are credit requirements and flexibility. A undergraduate economics degree generally requires a completion of 30 credits, some of which are economics and some of which are mathematics including calculus 1 and 2. Business majors have more course requirements, usually 90 to 100 credits. So, you have more flexibility as an economics major. You can learn a foreign language really well. You can master a skill such as cooking which would be useful if you wanted to open up a chain of restaurants, for example. So, if you are interested in international business or entrepreneurship, economics may actually be the better option. if you have very specific goals that require you to study things outside the realm of business, I would recommend the study of economics, which gives you more flexibility to do things outside of business.
One also need not major in business to develop business skills. You can do a minor or a certificate in business with an economics major. Or you can do an economics major and then decide to do an MBA later. There are ways to choose both. You don't just have to choose one.
What country do you live in? Where I go to uni economics is only done as an extended major and has more core units than any standard business degree at the same uni.
@@dyingslytherin4947 United states. Typically an economics degree requires between 30 to 36 hours or 10 to 12 classes in economics. That leaves you a lot of flexibility to dabble in other areas like Chinese or computer science. If you are a business major, you would have to take 20 to 30 classes in business. It doesn't mean that business is harder because you definitely aren't going to have to take calculus like you would for a bachelor of science in economics, but a business curriculum tends to have more hoops to jump through.
between a bachelor in accounting and finance(7 exemptions for ACCA) and a simple BBA which ones better? i find finance cooler i can do a minor in business data analytics with both of these ( the major i started initially business data analytics but might be switching for some reason due to my non credit math course not getting passes)
there are stats math courses in BBA with more specialization options too tho with accounting finance doesnt seem to have but i have yet to study accounting i really wanna do data sci masters but math aint my thing :/ i am kinda introverted too sometimes XD Which ones better
@@aena5995 the BBA will have the most required classes, and it could be something like 90 credits. A ba or BS in a business field such as accounting or finance may be somewhere between 45 credit for a ba and 60 credits for a BS. From my experience, usually a university offers the BBA only or choice of the BS or BA.
Thanks this was what I was looking for. I was confused what to choose, but now I know. Thanks a lot👍👍
Glad I could help!
Double majoring in business is also a good idea since it's too general. It's always better to be a specialist rather than a generalist.
But now, economics field are veering away from abstract mathematics. Look at the recent presentation of American Economic Association this year. They are focusing more on the real world application of economics and at least removing mathematical fetishism of economics. The field of economics is now changing and I am happy to this initiative that they tend to focus now on the applicability of economic theory in business, government and society.
Very true! In the last few years I have seen many econ majors requiring econ students to take many of the same classes business students take. I do like the direction the major is heading in.
@@calvinraab8798 After MBA, are you planning to do PhD in Economics?
@@calvinraab8798 does that mean the maths is going to reduce?
@@Lazymath007_ I doubt the math with will be reduced per se but the applicability of concepts to normal business practice will likely increase.
@@KeepyBureche I am still deciding if I want to go for a PhD.
thank you so much!!! Helps me a lot in deciding which to take! I really do hope my future university lecturers can explain things as clear as you do.
Thanks so much, this really helped organize my thoughts for my personal statement. My original answer was "I'm an econ major because ..... I don't know, ask me about my other major please...."
I am glad you found it helpful!
I love this video
I actually have answers for all my questions
Thanks 😊
I am glad you found it helpful, thank you for watching!
I'm having a really hard time deciding between these 2 majors. I'm really passionate about economics and maths but at the same I'm also passionate about business. I want to dig deep but also want to learn practical stuff at the same time
I would say do Econ because in the job market, business and Econ majors already go for similar jobs.
Bro what did you choose, now in 2023 since this comment was 3 years ago
Thank you very much sir, for all these honest and unbiased thoughts,knowledge and perspective .....
I really needed this very much and again thanks for helping a lot of people ...
may ALLAH gide you to the right path
I like your presentation; it was informative and well structured.
Excellent. I just graduated this spring and this video is spot on. I believe that the route a person should take if Grad school is in their future is this one, with a core understanding of Econ, and then pursuing MBA. I was actually discouraged by my advisor to not go the Econ route, and stay with the BBA Econ. Still, very happy I am a part of a distinguished group.
Thanks for sharing Diego! Sounds like you are in a great position with your degree.
I don’t enjoy math too much but I love digging deep into things, researching, and learning new things and why they work. But I also want to be an entrepreneur and start my own company some day. What do you think would be best for me? I’m only in 9th grade, so I’m still deciding what I want my career to be. But I’m definitely interested in these 2 things.
Do an econ major then do an mba
You could do a double major if you're okay with the stress
Have to add one fact if you want to pursue the higher studies: PhD in Business (Management) is compensated much higher than PhD in Economics, especially PhD in Accounting and Finance. The Accounting PhD has an extremely strong marketability. These two can make almost CA$150K a year in Canada as a new assistant professor. On the other hand, professors in Economics make much less than professors in the business school and usually more difficult to get the tenure track position. If you really love economics, please consider a PhD in Business Economics offered in the business school instead of the department of economics.
Great video! I love research and knowing why, so I guess Econ would be perfect for me.
That's great! Best of luck to you!
Great video👏🏻
Honest answer. Do you think you can be an econ major with average math skills, or must you be exceptional at math to major in econ? Im going into university this fall as a econ major but im afraid my average math skills will weigh me down.
Also, im having difficulty deciding on a minor to econ. What minor alongside an econ major do you think would increase my marketability right after graduation?
You have to study, work for it
@@user-qt7jt1fi6l I've been average at math through my educational life, and i am at the 3rd semester of econ now. For me, it is all about willingness to learn math. There is a lot of math through this major no matter what, but it is all about wether you like it or not. I am not extremely talented at math(not bad either), but i have always been motivated to learn it, and i think that is what has kept me through the tougher and more mathematical times.
BAK thats really helpful, thanks for sharing
Me and you are in the same boat. I did dual enrollment as a senior this year. I took calculus at a university, and it was harrd. I got a B in it. In school, I always got As in math, but I never considered myself good at math. I have always just been good at school. I do not like math and do not necessarily understand it. However, I am determined to study hard when I am admitted this fall. For me I am not interested in math but in Econ. I have ordered volume of 1 of Das Capital by Karl Marx off of amazon and plan to watch lots of econ videos this summer to hopefully spark some passion in me. I say when doing math, do it for the understanding of econ not for math. I don't know about you, but I am very serious.
Econ at its root is a social science, and I love social science (as well as history). I view it as the social science that is most likely to make money, so I am not giving up any soon.
Thank you for this video ❤❤
I majored Economics but I think this was a bit biased haha. I am one of those that studied Economics but working mostly with business majors. The best thing I got out of Econ major is that I took mathematics and Computer Science classes and those give me the edge over the general business majors who didn't do accounting or finance.
Very true! Yes, I feel the same way. I feel that all the math courses I take as an econ major give me an edge of general business majors in many data analytics job interviews. But then again, I am biased as well haha.
@@calvinraab8798 How much math did you take? Is it all lower division. Have you done real analysis or abstract algebra. I am trying to play catch up after screwing around with accounting for far too long.
i didn't expect that i will have a clear answer after watching this video but all my answer to the business were YES and NO to the econ woooooooooow thank you so so much
Hi Calvin. You said you go to UCLA and that there was an economics major and a Business economics major. Do you know or have you heard if the Business Econ major is more practical than the economics major? Thanks!
Idk if one is more practical than the other but Pre Business Economics makes you take more management classes and you can get a minor in accounting. This major is harder than the regular economics one tho.
UCLA also has Math/Economics Joint Major. That one is definitely more rigorous and is suited for people who want to pursue grad school for Econ
Thanks for this video. Ur breakdown was helpful
That was really helpful, thanks alot
Is doing an industrial economics degree which has elements of both economics and business a good idea?
great video!!
U clearly explained everything. Thanks
Glad it was helpful! Thank you for watching!
Are you taking up Economics or Business Economics? What's the major difference and what's going to be more appealing to employers?
I think he is talking about business administiration and economics
Amazing video❤
I'm thinking of studying Econ at UC Berkeley
I think you should go into the difference between a BA and BS in Economics because I'm pretty sure that might impact students' experience studying economics. For example, you say that econ requires A LOT more math than business. However, my college (which offers a BA, not a BS) only requires Calculus 1, a basic statistics class, and one computer science class for the Econ major. According to a little research I've done, it's not out of the ordinary for undergrad econ degrees to be relatively light on math. For this reason I was under the impression that I could handle an economics degree, but your video makes econ sound much more intimidating to someone who doesn't consider themselves a math aficionado. Just something to consider. :)
In my college BA requires cal 1,2 BS requires cal1,2,3, linear alebra, diffirencial equasion
Agreed, not doing econ now lol
Here is a video I made that talks about how difficult I think an economics major is: ruclips.net/video/v-krIFHvFEI/видео.html
I'm using an Economics degree in law school. I was wondering though what extra classes should I take to make me more marketable after graduation?
What fields are you looking into?
Really useful!
Thanks. Great video!!!
Glad you liked it!
this was rlly helpful thanks
Glad it helped!
Which schools do you think excel in these subjects?
Would you recommend to do a double major? Like, do economics and business at the same time.
Double majors are great if you feel that you can handle the workload! With econ and business there are likely overlapping classes so getting a double major may not be too much extra work. I would also think about why you are doing it, are there specific skill sets that you get with one and not the other? My school doesn't have a business degree for undergrads but if it did I would certainly consider a double of econ and business. I would also look at the classes you would take for each and make sure they are different enough that you are getting new skills by doubling. I hope this helped. Let me know if you have any further questions.
Econ and Chemistry. Econ and Computer Science. Math and Computer Science. Math and Finance. Computer Science and Finance. Take whatever can be done.
Economics and mathematics
Im ny uni we also have an economics and econometrics dounle bachelor
Hey. What about business Econ? do you suggest it? how does it differ from the others?
I want to major in business, but it's so much harder to get into a good school, so I've been doing econ for 2 years now
Regarding eventually going into analytics, whether for a business, government or health field, would a major in statistics and a minor in economics be a good combination?
which major is more important to establish own business company ?
Hey Calvin, I'm currently an engineering student that is going through the process of changing majors Econ is one of my top two. The reason I'm hesitant to go into Econ though is because the only reason I'm changing from Engineering is because I couldn't get through the Engineering Math 3 (Vector Calculus). I've looked at my schools major and they require calculus 1 & 2 but not calc 3+ do you think I will have calc 3 in my higher level econ classes and do you think since I struggled with Vector Calculus I should not change over to Econ?
I’m still currently in the process of completing my economics degree but you shouldn’t worry about not being able to get into Calc 3. The most advanced calculus I’ve encountered is having to take a partial derivative (which my professor taught us on day one and 100% didn’t expect us to know beforehand) and also knowing your stuff in regard to basic derivatives from Calc I (Calc II seemed most helpful because you encounter more complication versions of Calc I problems,, but I didn’t do well at all in Calc II and am fine). Any math past having to take a partial derivative becomes important for grad school purposes but economics departments seem to generally be very transparent about prerequisites. There are definitely advanced undergrad classes that may require linear algebra but those are among the many you can choose for the advanced classes to complete the major (at least as far as I know).
Alexandria thanks for replying! Unfortunately I decided against economics due to the fact that most of the jobs in my area you needed a grad degree to make good money. Hope you do well with the rest of your degree and find a job quick upon graduation!
Robert Atkins Haha no problem! Out of curiosity what major did you decide on? It’s interesting to think about as a student at a LAC because economics is one of the more ~obviously applicable~ majors you can choose (the only one ahead of it is CS).
@@clytemnestra I decided on Industrial Distribution which is a mix between business and engineering. After undergrad I plan to get a master's in either Marketing or Finance.
So do you that studying business is better than understanding economicy for an entrepreneur.
I'm not THAT good in mathematics but I'm really interested in economic or business, I guess I should pic business, what do you think? Thank u so much for being so clear and helpful 💖
I’m in the same situation
Maths isn’t hard, just learn 1 step at a time. If u like economics do it.
I hate maths but love economics
Does that make any sense?
I am pretty confuse that which major is better for me?
It's really frustrating
Economics is the branch of knowledge concerned with production,wealth, and consumption.
As a econ student that made me cringe lol
Sounds like you have got a Gender studies major with a minor in Economics
Thank you so much for this video, it was helpful. I am currently a bio major and I want to minor in business to have an idea about it and see if i really like it. I am really indecisive about my major, I like bio, I like business and love math, as you can see i am pretty lost. However, you said economy gets deeper and has a lot of math. Do you think minoring in business and see if I am really interested in it then changing it to an economic major is a good plan ??
Great question! I would first pull up a course list at your university and look at the classes that econ/business students take. See if these are classes you are interested in. Maybe see if you can look through a few of their textbooks in the library. Then you can go from there and decide if that is something you want to pursue.
Hey! Your videos are amazing! I understood that I am more passionate about business. Could you please recommend best universities for business major (for undergrads)? Thanks!
helped me make decision thank you!
Fantastic! :)
Hi Calvin, would you say that majoring in economics and international business is a good idea?
what do you know abt business economic major
Whats the difference between BA econ, BCom econ and bachelor of econ?
Thank you so much, I finally decided which major im going to take, I think business and after mba, I am not too good at math, and I don't need things that I'll probably;y never use
Don't take undergrad business, it is completely worthless. A lot of people hate math because they do not want to try. Just leave and go into the trades, your simply not fit for management and your business idea is likely garbage.
Best of luck to you! I will add that I didn't like math until multivariable calculus, sometimes it takes time. Now I love math.
@@Doritos-ik5eu But the bba is very demanded nowadays and also bba is the most popular major, i think there must be a reason
@@samir_gadimov It should be noted that not all bbas are bad. You have idiots who want to be sports managers and marketers. These aren't real careers.
Just do not go to generic state college and make sure your program has connections and cal 2.
@@Doritos-ik5eu I don't have calculus 2 in program but I wanna connect my life with investments and stocks, I am really confused and can't decide which one to choose
Should i take finance or economics?
If i in bad in math
Idk what school he goes to. My school's econ program only has us taking calc 1
I go to UCLA. Every school is a little different. Some schools (UCSD for example) have you go through calc 3.
@@calvinraab8798 thats a better way of doin it than how my school does it. I think im takin all the math classes post-undergrad
Question?
For example: i'm still young but i think that in the future i want to have a business or work in real estate or being in the world of investing
Do you think i should follow business ir economics??
Realy appreciate your work.keep going😊
Both of those can lead to jobs in either of those fields and I don't necessarily think one is a clear winner over the other at achieving jobs in those fields. I would do whichever one you believe best matches your interests and personality. Hope this helps. Let me know if you have any further questions.
Hey, your decision in choice of major should largely be determined by HOW you want to invest but overall the choice to buy real estate as an appreciating asset should be a thought independent of your college major. Now if you're looking into becoming a realtor as a profession I'm involved in real estate, currently a mortgage processor studying economics, international business and real estate at SDSU since many of the classes at my college overlap but you don't need a degree to get into real estate per say (at least not immediately). If your interest is being a broker, take a 3 course class either with your university or with a community college (if you're not enrolled or under 18) so when you are 18 you can take the real estate sales exam. Having a background in real estate can open a lot of doors in terms of wealth building and sometimes if a company is interested, however rarely, in oversight on acquisitions. You're going to have to find out the qualifications for the brokers exam in your state it usually requires a couple years of sales experience so you can either attempt to be a salesperson part-time however it requires you to be extremely flexible and marketable. You can also do what I'm doing which is be involved in a brokers office for a couple years to be considered experienced with my license as well as taking the required courses for the brokers exam which are very closely related to general business courses (legal aspects of real estate and real estate finance) and some economics (appraisal and real estate finance) however it's closer to business as the real estate courses tend to be more conceptual without an in-depth look but rather an outline on general application good luck!
I like Econ because it gives a very holistic analysis of all of those fields from a big picture pov
I don't agree with the first difference. Econ models and econometrics are very practical if you are gonna measure impact from one variable to another (Fed funds rate over exchange rate, for example) or even predict things (exchange rate or gdp). It's a matter of what you're applying it to, but econ it's pretty damn practical.
Hello from Russia 🇷🇺👋🏻
Thanks a lot,so helpful!) However,can i just take some classes from business if I study on economy?I am going to USA this summer and really enjoy all stuff,which you do,thank you again,Calvin!)
Hello! Thank you for your comment. I am not too sure I understand what you are asking. What do you mean when you say "can i just take some classes from business if I study on economy"? Thanks!
I think that he is wondering is it is possible to Major in economy (therefor take economic class) but also take classes that a business major might take
Hope Purnell thank you😅
Hi, I’m heading to USC as a Econ major in the fall. Ive never taken calculus (know nothing about it, therefore I’m irrationally afraid of it) so do you think I’m behind other Econ students for not taking it? Is there something I should do? Thanks so much
First of all congratulations on your acceptance to USC! I go to UCLA so we are now rivals haha, but USC is a great school!! I don't personally know what the USC Econ major course requirements look like but I imagine it looks similar to UCLA's. If you have not taken calculus before then you will definitely have to take it at USC. I would just make sure you are not taking any courses that require calculus knowledge before hand, although I doubt you would even be able to sign up for those classes because calculus will be a pre-req. I wouldn't worry about getting into a class and not knowing calculus and needing to know it because you will likely take calculus right away when you get there. As far as preparation is concerned, if you are worried about these classes you can start preparing for them. What is amazing about calculus is how much great information there is online, calculus videos on RUclips basically got me through calculus. I would highly recommend starting to learn some calculus in preparation for the class. Personally, before I started taking calculus courses I worked my way through Khan academy calculus videos and that really helped me. I would also consider looking at which calculus book the calculus courses use at USC and getting that. If you get started this summer learning calculus (with the online resources it really isn't that hard) you will be good to go. Wishing you all the best and if you have any questions feel free to reach out to me. Thank you!
I liked the video so much details in there . Does anyone know the difference between economics and business economics?
thank you so much i was so confused
I am glad you found the video helpful! :)
I think I’m just gonna major in business administration and minor in economics so I get them both
you can do that?!? if so i want to do it to because both would seem helpful for me
Anonymous yeah but I think it’s only certain programs at certain colleges. I’m going university of Tennessee and they have it where you can it a degree in business administration with extra classes in economics.
Calvin Raab idea or the University of Oxford idea:
BA (Hons) Economics and Management.
If you don’t get it in, other universities here in U.K. also offer BA Economics and Management Programme.
Killing two birds (Economics and Management) with one stone.
Did you do a B.A. or B.S. in Econ?
B.A.
Hello, I'm looking at transferring into UT Austin and saw that they have a B.A in Econ. What is the difference between a B.A. and B.S.? Is one preferred more to employers than the other?
ECON at UNC or Finance at Ohio State? UNC is obvious better school but the math in econ scares me and I don't wanna take a foreign language and other gen eds
Hello, I'm having a hard time deciding. I am a programmer and also learning data engineering. I was wondering if I should major business or economics, because I'm looking to get into quants/finance, do you know which is best for me?
Finance
BA in businesses Master in economics. Sounds like a good combo.
Can i do opposite? Like ba in eco and major in business
Opposite is better, you will need math for an econ grad. This is my ideal idea, (Math BS / Degree you love + Set of math courses required for Econ Grad, Accounting Minor, Econ Master but one focused on computational or quantitative economics / Finance) If you do this you will be gold.
Can you just go with a double major or one major and the other being a minor??
what if I major in Business and do minor in Econ??
Why not do both since they overlap
I heard that economics can be well applied in forex
Thank you!What is better for CEO?
Nasty Stair I dont have any experience in either Econ or Business, but judging off the video, a business major would help you much more if you want to start and/or lead businesses.
Economics is way better and most people who major in econ duel major in a highly mathematical STEM field. These people who study math are data experts where as business people are completely worthless. The fate of a business degree holder is either to be a boomer boss or to be a middle man who is no longer needed unless they spend 10+ years climbing up the organization. Elon Musk, Buffet, etc. all studied econ. Business is actually a bad degree and these that study it are not CEOs but middleman like CFOs, controllers, COOs and have to start out with a garbage salary and work their way up. If your program isn't studied by Asians it is a worthless degree.
@@Doritos-ik5eu you forgot to mention Trump got a b.s. in economics
@@Doritos-ik5eu I completely agree with you👍 that's why I am planning on taking Economics
Hello, I was recently admitted into the Business Economics at UCLA. I was wondering if UCLA provides hands-on experience for those who wish to pursue it (like internship opportunities, real-world applications, etc.)?
Woohoo! Congrats on your acceptance! UCLA is an amazing place! UCLA does help with internship opportunities although a lot of it you still will have to find yourself. It is helpful being in LA which has so many opportunities. If you have any further questions about UCLA or econ in general let me know. I love UCLA and always enjoy talking about it.
@@calvinraab8798 Hello, thank you for your response! I have another quick question; I was wondering about the amount of math required in college level economics, since my calculus isn't particularly good...
Fizz Hobbes calc 2 (math 31b) is the highest you go to economics.ucla.edu/wp-content/uploads/2016/09/8-9-Bus-Econ-Major-Requirement-2016-2017.pdf this the requirements for the major
@@mrodriguez1173 Ah, that's great. Thanks so much for your response!
Which major will look more appealing to the employers
You need to have confidence on what you study. If you’re sharp and carry yourself like a businessman you will be taken seriously.
I didn't take economy in highschool. Can i take eco in colledge?
Yes. College courses won't have high school pre-reqs, all pre-reqs for a particular class almost always can be taken at the college.
@@calvinraab8798 oh thanks!
which major is best for investing?
Both majors work well. As far as investing goes you will want to look at which major has a more finance courses that dive into the stock market (and other asset classes). That varies from school to school.
Thinking of taking business major in HR cause I really can't do maths things
Very interesting! Lots of people choose business because of all the math that comes with econ.
@@calvinraab8798 how difficult is the math in econ really?
Some of this may be true i guess, but there is no such thing as a "business major". you always specialize in something related to business, and that is when you dive deep. In order to specialize you have to be introduced to everything like you said, so you know what you like and you can actually dive deep into that. I would not say that business is very surface level. Plus you took business administration, which is more about management compared to other specializations like finance, which is why there was less math courses for you.
Thanks for the comment! Agreed! A concentration does allow you to dive deeper. I know for me everyone was business administration then we had a choice of 6 concentrations. Although I will mention the concentrations don't dive as deep as one would with a bachelors in said concentration. So a business degree with a concentration in economics doesn't dive as deep into econ as someone with an econ degree would. Thanks for commenting! :)
@@calvinraab8798 no problem man, it was a good video !
Cool
I still have no idea which i want to do 😖
I completely understand, I have been there. The right one will come one way or another. And if you pick one and don't like it, you can always switch like I did. Best of luck to you!
I like econ but hate the math😅
You are not alone. I know many econ majors who are not big fans of math.
@@calvinraab8798 so do u think its a good idea to go with econ , i did science all through out school so no actual experience with commerce subjects and am trying to figure out wht exactly to do with my lifee , was considering medical just cuz society expects tht even tho i know i dont like science labs etc as much , i was considering law,economics or pilot training nd i literally never felt so lost beforee :((((
serious advice help needed here
uni is also something i wanna experience and i cant decide if i should do pilot training cuz tht uni experience wouldnt be there i wanna make frnds and memries but also earn alot of money and be successful like i always wanted as i come from a middle class background sorta ..
also this whole corona virus BS made me consider whether its a good idea to enter uni when everthing is online currently and for awhile it seems :((
Wht do i pickk
Between LLB law , economics business or pilot training? I just wanna be able to work and make enough money for myself , was planning on the pilot traning however i feel like i should have a plan b degree in hand as Covid 19 thing just messed it up a bit for aviation and stuff apparently
This is kinda silly and confusing. They are both business majors.
You mean general management vs economics? Title is wrong
Thank you for watching and commenting! Economics is actually not a business major and there are key differences between them as I discuss in the video. Economics is considered a social science and very rarely will the major fall under the majors within a business school. For instance, I attend UCLA and economics falls under the "College of Letters and Science" and not under our business school. Although, I will admit that during an econ degree you will take many business classes and cover many business topics, it is not a business major. And the "business" that I am comparing it to is the general business administration major that is taught at most universities although the business major does fall under multiple different titles. Thank you for watching and commenting I really appreciate it.
@@calvinraab8798 I think you have it backwards bro.
It actually rarely falls outside of a business school world wide. I think UCLA is different in that regard.
Also your university does not have a business school. So you are wrong with that info.
And the general business admin degree essentially a major called management. But both Econ and Management are business degrees just like accounting or finance.
I major in both business administration and economics I don't know why I'm watching this 😂😂😂
Double degree? How's it from your experience?
@@kennethjulio2572 hard.. Very hard.. Although they teach courses that are inter related the difference of application is quite evident. The other requires you to apply mathematics in a macro and micro level and the (bsba major in Marketing management) requires to be participative and focuses more on the study of consumer behavior which is fun.. In a simple term economics is stressful and the other is fun. Imagine having to switch classes couple of times in a single day 😂😂😂.. But I do hope that having 2 majors could help me in the future. I'm quite scared honestly, economics and business administration graduates don't usually get the job they really dreamed of compared to a graduate of accountancy.
Very impressive! Keep up the good work!
My school offers a Business Administration or Business Economics. I don’t know which one I should go for. I’m really good at math and want to make business eventually