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Is Economics and business the same as Economics? watch

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    Hey, so my school only offers 'economy and business', and I was wondering if this was just the same as economics - in terms of what you learn/how well its respected etc.

    Thanks
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    is this for a level? If so I presume it is the same, but you would have to ask the college. Perhaps you get an extra As level in business studies I don't know. Ask your school.
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    I reckon you should read the specification for a board which offers both Economics and Economics and Business or compare it between the boards.
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    Pure Economics >>>Business Studies

    LSE and many other respected universities(Cambridge ect) have a black list of subjects they consider soft.
    Business Studies is on that, I'd advise you to steer clear of that subject and any variation of it, especially seeing as most of the more challenging parts of Business Studies(Game Theory ect) come up in A2 Microeconomics anyways.
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    No it's not the same.
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    Economics is like business but with posh thinking. A business man will want to make profit and make money, an economic man understands that making profit isn't necessarily the right thing to do.

    Economics is a harder course, and universities value it more.
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    (Original post by htn)
    Economics is like business but with posh thinking. A business man will want to make profit and make money, an economic man understands that making profit isn't necessarily the right thing to do.

    Economics is a harder course, and universities value it more.
    You can't be serious with that response, im assuming you know little about economics hence your very misinformed post. Economics is not like business with posh thinking, economics is about efficiency and allocation of scarce resources. 'An Economic man' :rolleyes: does not think in terms of 'if making money and profit is the right thing to do' since a major assumption of micro-economics is that all firms primarily aim to profit maximise.

    To TC, they are not the same thing, as other have stated you should compare syllabus.
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    (Original post by htn)
    Economics is like business but with posh thinking. A business man will want to make profit and make money, an economic man understands that making profit isn't necessarily the right thing to do.

    Economics is a harder course, and universities value it more.
    haha, so true!

    Although OP, If your intrested in learning about more focused businessy stuff like marketing and working out a business' gross profits and what-not, business= (Y). If you want to look at lots of graphs and understand the fancy words they use on the news and talk about the decline of rice production in austraillia and it's effect on world markets ect economics= (Y). Economics is probably seen as the more boring A-level, although i'm really enjoying it.
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    (Original post by Nahdrav)
    Pure Economics >>>Business Studies

    LSE and many other respected universities(Cambridge ect) have a black list of subjects they consider soft.
    Business Studies is on that, I'd advise you to steer clear of that subject and any variation of it, especially seeing as most of the more challenging parts of Business Studies(Game Theory ect) come up in A2 Microeconomics anyways.
    Whilst its on a black list of soft subjects LSE will accept business studies provided you have done two of their preferred subjects at A2.

    http://www.thestudentroom.co.uk/wiki...ed%22_A_Levels
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    (Original post by yoyo462001)
    You can't be serious with that response, im assuming you know little about economics hence your very misinformed post. Economics is not like business with posh thinking, economics is about efficiency and allocation of scarce resources. 'An Economic man' :rolleyes: does not think in terms of 'if making money and profit is the right thing to do' since a major assumption of micro-economics is that all firms primarily aim to profit maximise.

    To TC, they are not the same thing, as other have stated you should compare syllabus.

    Perhaps, but it's all related. Business need to be efficent or they fail. Business need to recognise opportunities in the market, if there's scarcity exsists business' respond by trying to meet demand. To construct a business plan you need to be aware of all the aspects competition ect in the market... you only learn HOW to do this in Business, you only skim the surface in Economics. The two subjects naturally are linked, hence why some universities only except Business and Economics as ONE A-level...
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    (Original post by jjackson18624)
    haha, so true!

    Although OP, If your intrested in learning about more focused businessy stuff like marketing and working out a business' gross profits and what-not, business= (Y). If you want to look at lots of graphs and understand the fancy words they use on the news and talk about the decline of rice production in austraillia and it's effect on world markets ect economics= (Y). Economics is probably seen as the more boring A-level, although i'm really enjoying it.
    I really enjoy it too, especially the evaluation questions, people in my class usually sleep during the lesson.

    (Original post by yoyo462001)
    You can't be serious with that response, im assuming you know little about economics hence your very misinformed post. Economics is not like business with posh thinking, economics is about efficiency and allocation of scarce resources. 'An Economic man' :rolleyes: does not think in terms of 'if making money and profit is the right thing to do' since a major assumption of micro-economics is that all firms primarily aim to profit maximise.

    To TC, they are not the same thing, as other have stated you should compare syllabus.
    Stop thinking like an average business man, think like an economist. I'm predicted A* at Economics at A2 level, and probably will study some of it at uni, and you think I have no knowledge of it?

    Economics is about efficiency and an allocation of scarce resources --> at a very basic level, that even a monkey could comprehend, I don't want you destroy your feeble argument, so I'll make the next part easier. Learn what opportunity cost and the trade-off between unemployment and inflation is to truly understand why economics goes much, much further than "efficiency" and allocation of scarce resources.

    An assumption that all firms profit maximise? You are an idiot if you think this without fully considering different contexts, investigate organisation theory, sales maximisation theory, profit satisficing, etc. Your mind might be blown - but the assumption often doesn't apply to the real world, most monopolies and oligopolies do not go for maximum profits, rather for x-inefficiency.

    Unit 3 of AQA Economics --> titled Business Economics.. they are related.
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    (Original post by htn)
    I really enjoy it too, especially the evaluation questions, people in my class usually sleep during the lesson.


    Stop thinking like an average business man, think like an economist. I'm predicted A* at Economics at A2 level, and probably will study some of it at uni, and you think I have no knowledge of it?

    Economics is about efficiency and an allocation of scarce resources --> at a very basic level, that even a monkey could comprehend, I don't want you destroy your feeble argument, so I'll make the next part easier. Learn what opportunity cost and the trade-off between unemployment and inflation is to truly understand why economics goes much, much further than "efficiency" and allocation of scarce resources.

    An assumption that all firms profit maximise? You are an idiot if you think this without fully considering different contexts, investigate organisation theory, sales maximisation theory, profit satisficing, etc. Your mind might be blown - but the assumption often doesn't apply to the real world, most monopolies and oligopolies do not go for maximum profits, rather for x-inefficiency.

    Unit 3 of AQA Economics --> titled Business Economics.. they are related.
    Sorry but seriously, you an A level economics student is telling me a university student (albeit first year) what economics is really like. Im sorry but A level economics is not what 'real' economics is like. Im not even going to answer your questions, because you somehow feel your very knowledgeable about economics despite only being at college level.

    A* Economics a level =/= knowledgeable about economics, come on and A* for Econ isn't that hard to get.

    I would love if more post A level Economist were viewing this and see their reaction because im actually up in laughter.
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    (Original post by yoyo462001)
    Sorry but seriously, you an A level economics student is telling me a university student (albeit first year) what economics is really like. Im sorry but A level economics is not what 'real' economics is like. Im not even going to answer your questions, because you somehow feel your very knowledgeable about economics despite only being at college level.

    A* Economics a level =/= knowledgeable about economics, come on and A* for Econ isn't that hard to get.

    I would love if more post A level Economist were viewing this and see their reaction because im actually up in laughter.
    Interesting, you are 7 months ahead of me in economics education yet I have the better mind for economics.

    My post is rock solid with some opinion of how economics works - where as youre just quoting the books and the "assumptions".

    You can assume all you like, economics in the real world works differently than to what you're taught in college/university, I understand that and dare I say, you don't?
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    (Original post by Master.K)
    No it's not the same.
    , I'm not sure what to do now - I'd rather not take a subject that's not respected, I initially thought it was the same.
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    (Original post by htn)
    Interesting, you are 7 months ahead of me in economics education yet I have the better mind for economics.

    My post is rock solid with some opinion of how economics works - where as youre just quoting the books and the "assumptions".

    You can assume all you like, economics in the real world works differently than to what you're taught in college/university, I understand that and dare I say, you don't?
    :facepalm: Are you actually being serious? rock soilid post yea?

    Ill take one point, the 'trade off between inflation and unemployment' ie the Philips curve. Which was used in the 50-80's where the appeared to be a trade, however in the past 20 years no such trade of has occurred, there has been low inflation and unemployment. Unless you have monetarist/classical views (which i doubt) hence you cant back up your statement of their being a trade off. This 'trade of' is pretty much thought of to be non-existant or very weak these days.

    In those 7 months of economics education i have done more far more than what you have done in 2 years plus have gone deeper started 'real economics'. Real world economics, as opposed to the real world economics taught in A level, which isnt even challenging.

    Like i said before that is Essentially what economics is about its about optimisation (with constraints) (which you wont even understand because your only at an A level level)

    Seriously kid back down.
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    lol why even bother to argue yoyo
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    (Original post by yoyo462001)
    :facepalm: Are you actually being serious? rock soilid post yea?

    Ill take one point, the 'trade off between inflation and unemployment' ie the Philips curve. Which was used in the 50-80's where the appeared to be a trade, however in the past 20 years no such trade of has occurred, there has been low inflation and unemployment. Unless you have monetarist/classical views (which i doubt) hence you cant back up your statement of their being a trade off. This 'trade of' is pretty much thought of to be non-existant or very weak these days.

    In those 7 months of economics education i have done more far more than what you have done in 2 years plus have gone deeper started 'real economics'. Real world economics, as opposed to the real world economics taught in A level, which isnt even challenging.

    Like i said before that is Essentially what economics is about its about optimisation (with constraints) (which you wont even understand because your only at an A level level)

    Seriously kid back down.
    i'll summarise what you said in a couple of paragraphs

    paragraph 1 --> disbelief that someone challenges your ego, just like you foolishly laugh at me for assuming im a fool for knowing what economics is, a 2nd year/3rd year/4th year economist will put you in your place for your low level of knowledge compared to them.
    paragraph 2 --> shows some basic knowledge of the trade-off, to show economic knowledge? quoting the A2 economics book on the modern day trade-off
    paragraph 3 --> offering opinion as fact, and then saying i have no real knowledge because i study economics at a-level, where as you're a touch 6/7 months ahead of me, with £3000 behind the drain? oh. stop.

    You have more knowledge than me, it's natural --> you're more specialised in the field of economics, yet I'm most likely going to do a superior subject (mathematics) with some parts of economics, how can I back down?
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    Hey all i did was tell you your first post was misinforming, which it was, then your ego decided to go and posts ridiculous comments which i unfortunately had to put down.

    For 'para 2', do you expect me to write paragraphs on the Philips curve? what would be the point in me doing that, thats simply it, there's no need for further analysis in this instance, my point was to show that your 'rock solid' post was anything but rock solid.

    Ive never said you had no real knowledge apart from in my first paragraph where i made the assumption you didnt based of your misinforming post. £3000 down the drain? how so? thats a useless comment, as i see my degree a great investment into my human capital.

    I wouldn't say im more specialized than you because i haven't specialized, im still learning broader economics hopefully next year i will. But like you said a superior subject :toofunny:, i guess thats your opinion and thats your right to it. Have fun with your Maths with Economics degree though, im glad you've 'seen the light' and has somewhat retracted your previous statements (by not defending yourself against my post) of having a rock solid post.
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    Yoyo and htn can you please stop arguing, I'm really confused about my A levels now and need some help!
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    (Original post by blueflame8)
    , I'm not sure what to do now - I'd rather not take a subject that's not respected, I initially thought it was the same.
    Look they are two different things:
    Economics and Business:
    http://www.edexcel.com/quals/gce/gce...s/default.aspx

    and

    Economics:
    http://www.edexcel.com/quals/gce/gce...s/default.aspx
 
 
 
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