The School of Social Science at Renaissance University offers BA in applied economics. This course applied the conclusions drawn from economic theories and empirical studies to real-world situations with the desired aim of informing economic decisions and predicting possible outcomes. The purpose of applied economics is to improve the quality of practice in business, public policy and daily life by thinking rigorously about costs and benefits, incentives and human behavior. Applied economics can involve the use of case studies and econometrics, which is the application of real-world data to statistical models and comparing the results against the theories being tested.
B.A. in applied economics is designed to meet the increasing need for an analytical and quantitative approach to problem solving in the business environment using the latest techniques in the fields of Economics and Management. It aims to prepare the students with the latest knowledge, acumen and skills required to deal with the complexities of an economic system and to contribute to understanding the problems of production and distribution of scarce resources, and applying the principles of economics in optimal utilization of resources.
There are various fields offering job opportunities to the students completing this course at Renaissance University. Some of the high demand sectors where job prospects are huge are:
- Banking and finance
- Insurance investment
- Stock broker
- Media analyst
- Education and research
- System analysis