Economics is a subdiscipline within the field of Social Sciences which studies how goods and services are produced, distributed, traded and consumed. Economics also aims to improve the allocation of resources and create stable, predictable markets that ensure citizens can live prosperous lives. Economists also analyse human behaviour in an effort to find patterns and predict financial decisions based on factors such as risk and reward.
Economics has two sub-disciplines. The first one is Microeconomics, and it analyses the interaction between different economic agents. Macroeconomics, the second one, explores the entire economy of a society.
A Bachelor’s or Master’s degree in Economics teaches you about interest rates, exchange rates, economic indicators, and equity markets, allowing you to see how they all influence different industries around the world. Courses in Economy will also focus on economic theory and fundamental economic principles. Students develop a broad understanding of public policies and their socio-economic impact on legislation, taxes, services, and regulations.
You’ll learn how money was created and understand how barter works. Other classes will deal with banks, the dynamics of debt, what credits are and how they work. You’ll also study financial crashes, their causes and try to come up with ways to prevent future economic disasters.
You’ll have debates on important questions like: do markets self-regulate, or is there a need for government intervention to keep them stable? These will allow you to expand your economic knowledge and further understand how global economies interact between themselves.
To be a great economist you'll need problem-solving skills, critical thinking, as well as analytical abilities.
Economics graduates have successful careers as economists, financial risk analysts, chartered accountants, investment analysts, statisticians, etc.Read more