- Business economics is playing an increasingly important role in managerial decision making in the United States and abroad as a firm strategy is becoming more analytical.
- The undergraduate major in Economic Consulting provides students with training in the application of micro-and macroeconomics to problems of business decision making and in forecasting techniques. The major focuses on critical thinking, business strategies, and problem-solving.
- Many corporations have outsourced their economic analysis divisions and contract instead with external consulting firms. The realm of consulting comprises strategic, management, economic, litigation, human resource, IP, and IT consulting, to name a few specializations.