What first step can I take to test whether I prefer economics' focus on markets and incentives or business's focus on managing organisations?
Take a short introductory course, lecture, or guided project in both areas: one in economics focusing on markets, prices, and incentives, and one in business or management focusing on organisational decisions and coordination. Compare which questions, methods, and assignments hold your interest, then check whether the degree curricula reflect that difference.
Key points
- Economics may suit you better if you enjoy analysing markets, incentives, data, and formal models.
- Business or management may suit you better if you prefer applying ideas to organisations, people, operations, and decisions.
- Review sample module descriptions and try a small exercise in each subject before deciding.
Things to check
- The balance between economics and management varies by university and programme, so verify the current curriculum and assessment methods in official course information.