Business-Administration - Economics

The primary mission of the Economics Department is to offer educational opportunities to students in order to prepare them to become accomplished citizens and professionals capable of critical thinking and independent analysis. The economics major places an emphasis on excellence in teaching through continuous professional development in instruction, as well as, in applied and theoretical economic research.

The Economics major at the Faculty of Business Administration was established to prepare graduates for careers in various areas. The economic major enables students to perform technical and managerial functions for life-long career development.

The major introduces students to the theoretical, scientific and practical basis that enables them to acquire professional competences that meet future needs and job opportunities in Lebanon and abroad.

a- Knowledge and Understanding

• Define the nature of economics.
• Describe the functioning of a market economy through different approaches.
• Demonstrate key knowledge and skills in disciplines specific to business and economics.
• Demonstrate competence in applying fundamental concepts, models and analytical tools for operations related to economics in service organizations.
• Explain basic concepts and operations in economics.

b- Intellectual Skills

• Formulate economic strategies.
• Analyze determinants of consumer behavior and purchase decision-making processes by using different perspectives and methods.
• Apply analytical problem-solving skills to identify key trends and exploit emerging business opportunities.

c- Practical and Professional Skills

• Assess and justify the behavior of markets.
• Apply microeconomic tools in real economic contexts.
• Evaluate business opportunities emerging from business operations through economic approaches.
• Formulate and implement economic theories in real life contexts.

d- General and Transferable Skills

• Integrate several micro and macroeconomic models to explain the behavior of markets.
• Combine production and cost, short run and long run, and profit and revenues to assess the behavior of markets.
• Demonstrate and apply current information technology skills in conjunction with economic knowledge to economic system designs.
• Make effective use of IT tools in the field of economic and financial analysis.
  

The undergraduate curriculum for the degree of Bachelor in Business Administration (Economics major) consists of 100 credit hours of course work + ICDL.

Economics graduates may be employed by large private or public organizations, profit or non-profit organizations, governmental or local authorities, consultation firms and much more.

Some career options include:

Market Analyst; Investments Analyst; Urban/Regional Planner; Research Assistant; Securities Broker; Supply-Chain Analyst; Real Estate Agent; Budget Analyst; Insurance Analyst; Real Estate Appraiser.