Why study economics?

When you study economics you gain an understanding of how and why people make certain choices, how resources are gathered, and how financial markets function. This comprehensive approach gives you a strong understanding of how the economy works as a whole.

• There are many career opportunities in the field of economics

Economics is a very broad field that contains many different career opportunities, some directly involve economics, while others might be somewhat outside of the economic field, but still benefit from the knowledge. Economists can work in government, education, the private sector, and non-profit organizations. Some common jobs include:

• Economic analyst

• Financial analyst

• Data analyst

• Policy analyst

• Consultanting

In addition, many people possessing a degree or high amount of knowledge in economics can also become successful in other fields, such as business, marketing, and advertising, to name a few.

• It can help with your finances

People who study economics tend to make better and more informed personal financial decisions. When you fully comprehend concepts like inflation, risk, and interest rates, you are more apt to make educated decisions on matters involving saving, spending, and investing.

• Policy crafting

Economics plays a critical role in publicizing policies that affect everyone or certain segments of the population. When you have a strong understanding of economics, you have more tools at your disposal to scrutinize policy proposals and understand potential impacts on the population at large.

• Global matters

Economics is involved in some of the most pressing global issues today, such as the wealth gap, inequality, and climate change. Studying economics exposes you to the nuances of these issues and also gives you the knowledge to possibly contribute solutions.