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Faculty of Economics General Introduction


Let’s study economics and business administration!


The Faculty of Economics is composed of the Department of Economics and the Department of Business Management. In the Department of Economics, you can learn about the structure of economy while the Department of Business Management provides knowledge on how various corporations, each of which support the economy, are managed.


What is the structure of economy? The clothes we wear, the food we eat and the homes we live in all start out as raw materials being transported by someone, made into products by someone else, and are then sold by yet someone else. Most people have jobs, earn income and pay taxes. Governments then use that money to implement various measures. Changes in interest and exchange rates may boost or hurt economy. All of these things are part of an economy. Learning about the structure of economy is to consider what relationship these things have to each other and how to make them work well together.


What is business administration? All business entities, ranging from major corporations to small- and medium-sized enterprises are involved in cooperative and competitive activities, making up the economy. The choices they make regarding where and what products or services they sell, which companies they will cooperate with, how they will compete with their rivals and how they may best use their employees’ abilities may decide the fate of a business even amongst companies in the same field. Learning about these things is the study of business administration.


In a poor economy or badly managed business, people may not be able to attain wealth no matter how hard they work, or may even find themselves suddenly unemployed. Disputes over resources and energies and the deterioration of the global environment caused by overused resources are all related to the economy and business administration. Acquiring knowledge of the economy and business administration are useful tools for us to open up new horizons and to create a better future.


Curriculum Features


In the Faculty of Economics, students start their studies learning basic knowledge in order to solidify the foundation of economics and business administration they will acquire by graduation. First-year students receive a solid education in reading and writing clearly in small-sized classes and basic mathematics as preparation for the specialized studies to follow. TCUE offers courses in several second languages including Chinese and Korean, while it maintains a special focus on the enhancement of students’ English skills. After acquiring general knowledge in various fields including politics, ideology, philosophy, psychology and natural science, students decide which course they will major in, the Department of Economics or the Department of Business Management, at the end of their first year. In addition, a lecture series provided by working members of society, gives students a chance to see how the real world actually works, in addition to the theoretical education they study in regular lectures.


Students start studying the specialized subjects of their chosen department, in full-scale from their second year. Basic seminars start during the second term of the sophomore year. Seminars are small-sized classes led by one teacher to deepen students’ knowledge in a specialized field. All students are required to participate in a seminar, which is one of the university’s particular features. In the Faculty of Economics, students spend two and a half years, from the second term of their sophomore year through graduation, learning from each other through friendly competition, which will become a valuable asset they can apply once they set foot in the real world.


Postgraduate Career


Knowledge of economics and business administration is especially useful when working for a company. The Faculty of Economics, with a history of over 50 years has sent more than 20,000 graduates into the business world. Characteristically, our graduates excel in the field of finance; about 30% of the faculty’s graduates are employed by banks, credit unions, insurance companies, securities companies and other financial institutions every year. Also, employees of central and local governments must have knowledge in economics and business administration, as implementing measures to revitalize the national or local economy is an important part of their jobs. Therefore, knowledge of economics is one of the keys to success in the civil servant examination. Students can also obtain a teaching license in social studies, which means some of our graduates enter into the education field as high school or junior high school teachers leading the next generation. Some graduates go on to take the tax accountant examination, the certified public accountant examinations or other qualifying examinations with a strong relationship to the field of economics. Graduating from TCUE’s Faculty of Economics essentially means you have gained a competency to actively participate in the business world. TCUE and its Job Placement Center are strong advocates for students pursuing careers, working hard to assure their abilities are correctly assessed and they may obtain their jobs of choice.