You want to take an undergraduate course in economics but which specific course do you want?
Do you want a bachelor’s degree in Economics or a degree in Economics and Finance? What about BSc. Economics and Statistics?
Do you want a bachelor of arts, a bachelor of science or maybe the private university offered BBA; Bachelor in Business Administration. Well, I went with guesswork and that turned out pretty okay for me, or so I think.
I really don’t know yet where I am headed with this education thing. But as I am still learning so far, you shouldn’t guess with major life decisions and which faculty your course falls under counts as a major life decision.
So far in Kenya, Economics and Statistics and Economics and Finance are only offered under BSc. and they are what they are named. Econ and stats focus on statistics, basically, you need statistical models (or econometric models, they are one and the same thing if you ask me) to apply economic theory to real life events.
With an economic and statistics degree, you can focus on economic research. Economics and finance, on the other hand, applies to the financial world, banking, mutual funds, insurance companies etc.
If you are taking economics because you watched billions (class of 2016 only, and how awesome is that series!) this is the course you want to take.
Bachelor of Economics, huh. This is where the BSc, BBA and B.A options come in. You will want to take a B.A if you are in this for the social issues, the philosophical aspect of economics.
A B.A in economics and a BSc. in economics share many units and the subject matter is similar for the most part. The major difference is a BSc. has more Math units. This could make the B.A option seem more abstract for students who are more at ease with quantitative proof.
A BSc in Economics is more quantitative in nature. It involves units from both statistics and finance but is not particularly dedicated as the two are.
If you are unsure of the specific career choice in economics; whether it would be research or finance, you could take a BSc in economics.
A BBA in economics is a more hands-on approach to economics. You can take a BBA in economics at any point. Many businesses, including schools, require a BBA in economics for the managing staff.
For an undergrad degree, I wouldn’t advise it, unless of course, you have a specific career goal that requires a BBA since it limits your career choices.
For overachievers with specific career plans that include heading economic organizations; check the requirements for the posts (many lists online) and what qualifications previous appointees to the post have held.