Managerial EconomicsManagerial Economics
Economics is everywhere. From the bursting of the dot-com bubble to federal interest rate standards, a thorough working knowledge of how economics shapes businesses is necessary if you’re going to become a CEO one day. In addition to the broad economic skills that you’ll receive as a Managerial Economics major, you will also learn how to appreciate the intricate details behind specific economic contexts. No two economic systems are exactly the same, and so what works best in the United States for a company might not fly so well, say, in Romania, where different regulations can determine the way a company conducts business. As a Managerial Economics major your job will be to analyze those contexts, to figure out how policy decisions made by governments affect your company or business. From economic forecasts (which are occasionally worse that your local weather man), to decision making, to policy analysis, a major in Managerial Economics is a great way to enter the business world and quickly climb to the top of that corporate ladder.
The best way to get ready for this major is to strengthen those math and analytical skills. Advanced courses in math, such as calculus, along with economics, are great preparation. This field isn’t just about numbers, though, so keep those critical reading and writing skills sharp with AP English classes and some history. The latter will come in useful when you need to make historical arguments to support whatever outlandish theory it is that you’re feeding to people.