Business & Economics | KIEC Global

Business and Economics

International students choose the Business and Economics discipline as it is one of the most popular programs throughout the world. There are some fundamental differences between Business and Economics. While Economics studies the science of an economy, the production distribution aspects, and the supply and demand of goods, Business basically looks into the management aspects of the economy. A degree in business and economics provides students with knowledge of the fundamental principles of economics and how they affect international finance, public policies and business management.

Graduates are prepared for advanced degree programs or careers in many business and financial industry fields, as well as government and nonprofit organizations. Students are benefited from the business and economics degree program in many ways. Students learn analytical and qualitative approaches to solving economic problems and enrich themselves with the understanding of how decisions within firms are affected by economic trends. In order to pursue a career in banking and finance, investment firms, business management and international development projects, a Business and Economics degree is a must. Graduates are also prepared for positions in government and nonprofit organizations that require 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:

Accounting;
Administration;
Advertising;
Agribusiness;
Arts Management;
Banking and Finance;
Development Economics;
Ecological and Environmental Economics;
Electronic Commerce/Business;
Event/Leisure Management;
Commerce;
Health Economics;
Hospitality and Tourism;

Human Resource Management;
Information Systems;
International Management/Business;
Logistics;
Marketing/Public Relations;
Micro and Macro Economics;
Organizational Behaviour;
Procurement;
Property Studies;
Professional Economics;
Public Policy;
Real Estate and Development;
Social Planning and Development;
Taxation.

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.

Accounting	CPA Australia Institute of Public Accountants (IPA) The Tax Institute The Institute of Chartered Accountants (ICAA) Association of Chartered Certified Accountants (ACCA) International Federation of Accountants (IFAC)
Actuarial Studies	Institute of Actuaries of Australia American Academy of Actuaries Canadian Institute of Actuaries (CIA) Institute of Actuaries – UK International Actuarial Association (IAA)
Banking and Finance	Financial Services Institute of Australasia (FINSIA) Financial Executives International of Australia (FEI) Association for Financial Professionals (AFP)
Business and Management	Business Council of Australia (BCA) Institute of Management Consultants (IMC) – Australia International Association of Business Communicators (IABC)
Commerce	Australian Chamber of Commerce and Industry (ACCI) International Chamber of Commerce (ICC)
Economics	International Economics and Finance Society (IEFS) Economics Society of Australia (ECOSOC)
Tourism	Australian Hotels Association (AHA) Australian Institute of Travel and Tourism (AITT) Ecotourism Australia World Tourism Organisation (WTO) World Travel and Tourism Council (WTTC)
Marketing and Public Relations	Australian Marketing Institute Public Relations Institute of Australia (PRIA) International Public Relations Associations (IPRA)

Career opportinuties

Actuarial Studies;
Banking;
International Economist;
Risk Management;
Valuation;
Financial Modelling/Administration and Planning;
Chef;
Bar Attendant;
Beauty Therapist;
General Manager;
General Clerk;
Hotel Manager;
Administration Clerk;
Management Consultant;
Quality Assurance Manager;
Production Manager;

Real Estate Agent;
Marketing Manager;
Sales Assistant;
Specialist Manager;
Travel Agent;
Accountant;
Auditor;
Bookkeeper;
Human Resource Manager;
Marketing, Public Relations and Advertising Professional;
Communication Manager and Speech Writer;
Business Owner;
Project Manager;
Restaurant and Catering Manager;
Tourism Operator.

Why Choose Us?

We are a dedicated team, striving to convert our students dream into reality. We always have been taking pride in being original, reliable and trustworthy. KIEC leaves no stone unturned in easing the study abroad process. Choose us and you will save your time and energy. We promise to keep holding your hand till you go beyond the horizon of success.

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