Bachelor of Arts in Economics and Business

Background

The BA in Economics and Business offers its students expertise in Business and Economics. It provides them with an ability to demonstrate knowledge of business processes. It allows them to assess industry attractiveness and identify risks and opportunities of doing business in a global environment by choosing and applying appropriate methodologies. It prepares students for careers in business and finance, but can also be relevant for Government and non-Governmental Organizations. In particular graduates will be able to apply economic analyses within a business context.

The Government of Malawi has adopted a strategy for development and growth spanning 2017-2022. This is the Malawi Growth & Development Strategy III (MGDS III) (Government of Malawi, 2017). This blueprint recognizes the failure of the country to develop competitively, resulting in Malawi becoming a consuming and importing nation, with very limited investment in industry, technology and private sector activities that promote manufacturing and export-led growth.

According to MGDS III, the plan for spurring growth recognizes provision of education and skills as key to providing the human capital required for socio-economic development and industrial growth. Unicaf University Malawi aims to play a part in the national effort to increase accessibility to tertiary education in general. Its online model, combined with its scholarship scheme makes high quality tertiary education accessible to a much large number of students than could be absorbed in a traditional face-to-face setting. Unicaf, therefore meets the goal of availing tertiary education to as many Malawians as possible. More particularly, the MBA Finance programme will contribute towards the realization of the national vision for growth and development as outlined by the rationale below

Programme Rationale

In today’s business world, organizations are aiming to gain competitive advantage over competitors in an ever-changing business environment. Business leaders therefore require, at a minimum, skills that span across the entire spectrum of business. These skills include quantitative techniques, operations management, marketing, finance and economics, organizational behavior, project management, decision making skills and a host of other business knowledge areas. Today’s business leaders should also be competent in new technologies that create new information about customers and business processes. Modern business skills, coupled with modern technologies, are transforming the way businesses operate and are enabling organizations to shape new business models. Therefore, there is a growing demand for business leaders and entrepreneurs that can understand and make use of these newfound breakthroughs in order to gain competitive advantage in the market place.

With the foregoing in mind, Unicaf University Malawi’s Bachelor of Arts degree in Economics and Business is designed to develop entry level business leaders that will become successful entrepreneurs locally and globally in this digital era. There is a strong international focus to the programme to provide students with as broad a perspective as possible of current business trends and economic theory. The modules in this programme are designed to encourage students to explore key theories through case studies and critical discussion.

Aim of the Programme

The aim of the bachelor degree program in Economics and Business is to train open-minded graduates who are internationally focused. The course provides solid, basic, general preparation in the most important economic fields and offers an excellent introduction to the fields of economics and business.