What to Expect When Studying Business
Studying in university or college, you are likely to have at least one business course as a part of graduate or undergraduate program. In order to be prepared for this kind of tough but exciting challenge, have a look at complete business coursework with which you will have to deal.
First of all, business courses are usually specific and extensive. The focal points of these courses are the strategies of selling, approaches to predict the trends of market and industry, and the ways of interacting with other players of business world, for example, clients, competitors, suppliers, contractors, etc. There are different kinds of business programs. They vary from general ones, e.g., business administration, to rather specific programs that confined to a certain industry, e.g., public relations, public admiration, human resources management, etc. The programs and courses envisage lectures, exams, and, as a rule, internship within a company.
Courses of Business Program
In the core of any undergraduate or graduate business program, there are five major courses, namely, accounting, finance, economics, marketing, and management. Let us have a look at each of them in a more detailed manner:
- Accounting. Such kind of courses are necessary to ensure that students are aware of the ways to conduct different financial transactions. In particular, students are taught about financial reporting, accounting cycle, cost accounting, and taxation. In addition, they learn how to use accounting-related information in decision-making, which is crucial to the prosperity of any venture, be it a sole proprietor or a big corporation.
- Finance. This course is also closely connected with the process of decision-making. Taking it, students discover the tools of risks analytics and management. Furthermore, such specifics as asset valuations, credit derivatives, and products of financial activity are to be discussed. Particularly a lot of attention is to be paid to financial reporting during such course. The students find out not only about different types of financial reports but also have a chance to practice in their creation.
- Economics. Courses on economics are usually divided into two categories, namely those in microeconomics and macroeconomics. The former group is concentrated on the peculiarities of separate unites within the economy, e.g., companies. Macroeconomics, on the other hand, concerns the functionality of the entire economy, e.g., that of a country. If students take the courses on microeconomics, they study supply and demand, governmental interventions in the activity of a business, and the ways in which a business operates under different conditions created by a larger economy. Macroeconomic courses focus on employment, inflation, GDP, prices on a national market, etc.
- Marketing. Courses of this category cover the ways of selling and emphasize promotion, distribution, and pricing. Students study customers’ purchasing behavior and cultural factors influencing it. Peculiarities of national and international markets are looked at in the context of selling and buying. Finally, decision-making process is discussed as well.
- Management. Management-related courses are focused on an organization and the behavior of people within it. Consequently, the major points, which are addressed in a classroom, are group dynamics, leadership, corporate interpersonal communication, motivation, job satisfaction, organizational structures, etc. Students learn about the strategies and approaches to create an effective and close-knit team, lead a group of people, and make decisions that facilitate healthy organization climate.