B.A. in Economics - Managerial Economics

Normal, Illinois

 

INTAKE: Jan, May & Aug

Program Overview

Illinois State University's B.A. in Economics with a specialization in Managerial Economics focuses on preparing students for careers in business and management roles. The program emphasizes the application of economic principles to decision-making within organizations.

Curriculum: The curriculum blends core economics courses with specialized coursework in managerial economics. Students study microeconomic theory, macroeconomic principles, econometrics, quantitative methods, and managerial decision-making. Courses may also cover topics such as industrial organization, business strategy, and economic forecasting.

Research Focus: The program encourages students to engage in research that applies economic theories and methods to analyze managerial decision-making processes. Students may explore topics such as cost-benefit analysis, market structure analysis, pricing strategies, and the economics of regulation. Faculty mentorship and research opportunities enhance students' analytical and research skills.

Industry Engagement: Illinois State University fosters strong ties with industry through internships, guest lectures by industry professionals, and collaborative projects. Students gain practical insights into how economic principles are applied in real-world business settings, preparing them for careers in corporate finance, consulting, market research, and more.

Global Perspective: The B.A. program integrates a global perspective by examining international trade, global markets, and economic policies that impact businesses worldwide. Students analyze how economic trends and policies influence global business environments, enhancing their understanding of global economic dynamics and preparing them for careers in multinational corporations or international organizations.

Pollster Education

Location

Normal, Illinois

Pollster Education

Score

IELTS 6.5

Pollster Education

Tuition Fee

USD 27010

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.

English Language Proficiency:

  • IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
  • TOEFL: Overall score of 79 or higher.
  • PTE: Overall score of 53 or higher.
  • DET (Duolingo English Test): Minimum score of 115.

ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria. 

International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.

Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.

Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.

College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.

Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.

International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.

Graduates of Illinois State University's B.A. in Economics - Managerial Economics program are prepared for a wide range of career opportunities in business, finance, consulting, and government sectors. 

Financial Analyst: Analyze financial data, performance, and market trends to provide insights and recommendations for investment decisions, financial planning, and risk management.

Management Consultant: Advise organizations on strategic planning, efficiency improvements, cost management, and market analysis based on economic principles and data analysis.

Business Analyst: Evaluate business processes, market trends, and financial performance to recommend strategies for improving efficiency, profitability, and competitive advantage.

Market Research Analyst: Conduct research and analyze market conditions, consumer behavior, and competitive landscapes to guide marketing and business development strategies.

Operations Manager: Oversee daily operations, optimize processes, and manage resources within organizations to ensure efficiency and profitability, using economic principles to inform decision-making.

Corporate Financial Planner: Develop financial forecasts, budgeting strategies, and investment plans for corporations based on economic analysis and market trends.

Government Economist: Analyze economic data, assess policy impacts, and provide economic forecasts and recommendations for government agencies and policymakers.

Risk Analyst: Assess financial and operational risks, analyze risk exposure, and develop strategies to mitigate risks using economic theories and data analysis.

Entrepreneur: Use economic analysis to identify market opportunities, develop business plans, and make strategic decisions to launch and grow new ventures.

Policy Analyst: Analyze economic policies, regulations, and their impact on businesses and industries, providing insights and recommendations for policy formulation and implementation.


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