Social Economics (VWL) (BA)

Economics, like business administration (BWL), is one branch of study within the Business Studies degree programme. Economics is concerned with the economic activity of entire markets or countries as opposed to individual companies or persons.

An important focus of economics is sustainability in relation to resources. Resources include natural raw materials as well as capital, labour and time. In economics, you learn about achieving economic balances where resources (production factors) are not wasted and goods and services are produced as efficiently as possible. Moreover, you will address economic incentive schemes, currency systems and political factors.

Economists are in high demand in many different areas thanks to their problem solving skills. They contribute to making the decision-making processes more objective in specific situations and for society as a whole.

Apart from industrial companies, consulting companies, financial groups, associations and trade unions, economists can start careers in politics (ministries) and international political (EU, UN) and economic institutions (ECB, IMF, OECD). They can also work in development aid (World Bank, KfW, GIZ). Another area of work is research and teaching at universities and economic research institutes.

In economics, the same instruments and approaches are used all over the world – it's a global subject.

• You have to be ready to deal with mathematical models and tasks. You do not have to be a mathematical genius but you need mathematics for a considerable part of the degree programme.
• You should have an interest in economic topics, in studying political strategy and in developing effective ideas for the future.

• Economics is part of the Bachelor's degree programme Business Studies and you can choose some courses from the entire range offered at FAU. At the same time, you can choose specialisation subjects within economics early on in your studies.
• We are well connected with companies and institutions and will be happy to provide you with contacts for voluntary placements.
• The degree programme is growing, which means that we are constantly developing our courses and we can attract excellent lecturers.

• Although you might already know which area you want to specialise in you will have to attend a wide range of different courses in the first few semesters.
• Economics focuses on theory and statistics which might need some getting used to.

Business Administration (BA), Social Economics (VWL) (BA), Social Economics (VWL) (BA), Information Systems (BA), Industrial Engineering and Management (BSc), Mathematical Economics (BSc), Business Education (BA), Economics (teaching degree)

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