Business Economics (4 years, Bachelor of Business Administration)


The BBA in Business Economics is an interdisciplinary program encompassing the departments of Economics, Accounting, and Financial Services Management. Students gain essential knowledge and skills in Intermediate-level Econometrics, Microeconomics, and Macroeconomics, as well in the application of quantitative and qualitative tools of analysis in business. The program also provides a thorough grounding in the theory and practice of international trade and finance, corporate strategy, and innovation.


Employment Opportunities

Consulting, Banking, Accountancy, Tax, Audit, Insurance, Trading, Management, Marketing, and Sales. The program also provides a foundation for further studies in Economics.


Program Outline

All students pursuing the Bachelor’s degree in Business Economics must complete the following requirements:

Degree Requirements Credits ECTS
General Education Requirements 24 42
Business Core Requirements 45 77
Major Requirements 51 105
Free Electives 9 16
Total Requirements 129 240

General Education Requirements 24 Credits 42 ECTS
English and Communication 9 16
Code Course Title Credits ECTS
COM101 Public Speaking 3 5
ENB220 Writing for Business Studies 3 6
ENB225 Business Communication in English 3 5
Humanities & Social Sciences2 9 16
Code Course Title Credits ECTS
N/A Philosophy, Psychology, Sociology, History, or Political Science 9 16
Mathematics 3 5
Code Course Title Credits ECTS
MAT115 Statistics I 3 5
Computer Science 3 5
Code Course Title Credits ECTS
CSC190 Computer Fundamentals and Applications 3 5

Business Core Requirements 45 Credits 77 ECTS
Code Course Title Credits ECTS
ACC112 Introduction to Financial Accounting 3 5
ACC113 Introduction to Managerial Accounting 3 5
BUS101 Introduction to Business 3 5
BUS111 Finite Mathematics for Business 3 5
BUS195 Business Calculus and Applications 3 5
BUS201 International Business 3 5
BUS360 Innovation and Entrepreneurship 3 5
BUS401 Business Policy and Strategic Management 3 6
ECO101 Principles of Microeconomics 3 5
ECO102 Principles of Macroeconomics 3 5
FIN101 Essentials of Financial Analysis 3 6
LAW101 Business Law I 3 5
MAR101 Introduction to Marketing 3 5
MGT101 Principles of Management 3 5
MGT205 Organizational Behavior 3 5

Major Requirements 51 Credits 105 ECTS
Code Course Title Credits ECTS
BUS215 Business Research 3 6
BUS411 Senior Project 7 10
ECO220 Economics of the European Union 3 6
ECO230 Mathematics for Economists 3 6
ECO315 Intermediate Microeconomics 3 6
ECO320 Intermediate Macroeconomics 3 6
ECO355 Money and Banking 3 6
ECO365 Managerial Economics 3 6
ECO410 International Trade 3 6
ECO435 Economic Data Analysis 3 6
ECO480 Current Issues in Economics 3 5
Major Electives 18 36

Choose Six (6) of the following:

Code Course Title Credits ECTS
ACC409 Financial Management and Control 3 6
BAN211 Financial Services 3 6
ECO210 The Cyprus Economy 3 5
ECO250 History of Economic Thought 3 6
ECO260 Economics of Globalization 3 6
ECO270 Environmental Economics 3 6
ECO335 Labour Economics 3 6
ECO340 Economic Development & Growth 3 5
ECO465 Internship 3 8
ECO475 Monetary and Financial Institutions in a Global Setting 3 6
ECO485 Independent Study in Economics 3 6
MGT206 Small Business Management 3 6
MGT280 Project Management 3 6
OGM210 Oil and Gas Economics 3 6

Free Electives 9 Credits 16 ECTS

  1. Students who do not meet the level of English for the course COM101 can alternatively register in the Course COM100-Fundamentals of Speech
  2. No more than two courses can be taken from a discipline unless otherwise specified.



Objectives & Outcomes

General Objectives
  • To give the students the basis for practical applications of economics
  • To develop the student’s capacity to think, analyse and process information  in an innovative and creative way
  • To develop an awareness, respect and appreciation  of the  social, moral and ethical values as the main principles of one’s relationship towards others and   to the community;
  • To develop the students analytical, critical thinking, decision-making and communication competencies  that will help   promote their personal achievement and contribution to organizations;
  • To build breath of perspective through the general education requirements and provide sufficient specialization to meet basic professional and career requirements;
  • To provide the student with the necessary requirements for academic and/or career advancements.


Specific Objectives
  • To provide students with a particle ability to be employed in applications of economics;
  • To allow students to integrate the theoretical with practical issues of their choosing
  • The main attention is directed to the skills and knowledge required by the profession
  • To assist the students in developing leadership, which can be used to motivate employees and also in reaching solutions to problems relating to Business enterprise.


Learning Outcomes
Upon successful completion of the BBA in Business Economics students should be able to:
  • Find data, generate datasets, and use a statistical package to test and analyse economic situations
  • Demonstrate their ability to communicate effectively in business through speaking, writing, and electronic means
  • Demonstrate their ability to work in teams and work effectively within them.
  • Illustrate their awareness and capability to analyse of environmental, economic, social, political, legal, and ethical nature including their impact on individuals and businesses.
  • Describe the application of manual and computer-based quantitative and qualitative tools and methodologies in identifying and solving problems and making decisions in business situations.
  • Critically evaluate and apply concepts, techniques, strategies, and theories from any appropriate discipline in business contexts.
  • Understand Intermediate level Econometrics, Microeconomics and Macroeconomics
  • Be able to read and evaluate academic articles
  • Differentiate between contexts of various sectors of business and adapt to them models and techniques of analysis, planning and decision making.
  • Demonstrate awareness of the major functions of business and their contribution to value creation.
  • Demonstrate their ability to analyze competitors and formulate strategies and tactics to build competitive advantage.
  • Describe ways to initiate and implement innovation and change programs working in interdisciplinary teams.
  • Demonstrate their skills in developing a holistic perspective of the interconnected internal and external factors and make critical assessment of their impact on business.

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Alumni Profiles

Marios Papanicolaou

Program of Study: Business Economics (Bachelor of Business Administration)

Year of Graduation: 2013

Working as: Economics Analyst

During my studies at European University Cyprus, I had great instructors who inspired me and encouraged me to graduate as the valedictorian of the class, as well as to undergo further studies in Read more

Careers & Employment

Economics provide the edge into business. This degree enables graduates to use the additional skills in quantitate reasoning to open opportunities in range of sectors. Graduate business economics students are employed in financial institutions, financial service providers, business service providers, research departments of accounting firms, insurance firms, private companies in all sectors that require research and in depth analysis of markets, as well in secondary school education and the general public sector. Many graduates chose more focused academic and research careers.



  • Analytical and numerical skills
  • Problem solving
  • Computer skills and qualitative processing
  • Critical Thinking
  • Preparing financial research reports


Employment sectors

  • Banking
  • Insurance
  • Financial services
  • Investment
  • Education
  • Business Services
  • Public Sector
  • Advisory
  • Non profit


Career choices

  • Economist
  • Research Analyst
  • Banker
  • Risk Appraisal / Risk Management
  • Financial Analyst
  • Investment Advisor
  • Education
  • Administrative Officer
  • Financial services manager
  • Economic researcher


Graduate / Professional Studies

International organizations may request as additional academic qualifications a Master of Business Administration (MBA) or another post-graduate diploma in Business Administration. For some of the roles within the sectors there is a subsequent more specialized Master degree in Economics.

For a career in academic field and in higher education, it is desirable to have a doctorate (PhD) which also offers experience and skills directly linked to research.


Work Experience Program - European University Cyprus

The work experience of the Career Center program enables third-year and fourth-year students with high academic achievement to work for three months period in positions appropriate to their field of study. The program enriches the curriculum of each participant, after acquiring work experience and Personal Evaluation of Competence of the organization in which he or she is placed. Some of the companies that participate in the program of Business Economics in which students were placed are:

  • Abacus Ltd
  • AC Nielsen
  • Alico AIG Life
  • Antony Ashioties & Co
  • Aspen Trust
  • Atlantis Consulting
  • FBME BANK LTD (Federal Bank of the Middle East Ltd)
  • Infocredit Group
  • Island Oil Ltd
  • Liberty Life Insurance Company
  • PriceWaterhouseCoopers Ltd.
  • TFI Markets
  • Thomson Reuters


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