The branch of knowledge associated with the production, consumption and transfer of wealth, Economics is the social science that studies how individuals, businesses, governments and nations make choices of allocating resources. It is the section of wealth and finance, that makes you understand the historical trends, interpret headlines and economic predictions for the coming years.
Economics focuses on the behavior and interaction of economic agents and how economies work. The main aim for any economy to be successful are full employment, price stability, economic growth, redistribution of income and stability of the balance of payments. Economists analyse the current economic situation, thereby providing recommendations to improve the overall economic stability.
A lot of people despise economics! It is straight up too technical and practical, and with no scope for grace marks if you got a numerical wrong. But, if you belong to that portion of the populace who disagrees with this and craves the functionality of businesses, markets and governments and order in their life, Economics is the major you should pick!
The study of Economics develops a wide range of analytical and critical thinking skills. Economic analysis hones your skills at understanding and influencing price debates. It deals with numbers, graphs, theories capable of turning your heads and unforeseeable practicality attached to it. With a diverse range of skill-set which students learn during Bachelor’s in Economics, opens up a diverse range of career opportunities for Economics grads. A Bachelor’s degree in Economics prepares you for a career in not just business, banking, government and financial transactions, but also in areas such as urban planning, international development, policy analysis, journalism, education and the nonprofit sector.
The required and elective courses one would take for Economics majors vary considerably based on the college. Below are the areas to explore a Bachelor’s of Economics course, where you can expand your knowledge:
- Data Analysis
A Bachelor’s in Economics program starts with a heavy mathematical and analytical foundation. However, each subject has some variance. Following are some of the Bachelor’s of Economics subjects:
Area of specialization :
- Planning, Formulation of Projects, Projects appraisal and. evaluation of all the three types – ex-ante, Concurrent and expost.
- Theoretical and Regional Economics, including application.
- Contributions of Nobel Laureates in Economics.
- Un-employment and Poverty.
- Development of Indicators.
Economics degree skills :
- thinking logically and critically.
- the ability to simplify complex issues and extract the relevant pieces of information.
- data analysis.
- written and spoken communication.
- problem-solving using your initiative.
- time management.
- commercial and cultural awareness.
- teamwork and interpersonal skills.
- APA Judith McManus Price Scholarship
- Davidson Fellows Scholarship
- EPP Undergraduate Scholarship Program
- Fukunaga Scholarship Foundation
- Hsiao Memorial Economics Scholarship
Individuals who earn a Bachelor’s in Economics degree are well-suited for various career options. Below are some of the job opportunities after studying Economics:
- Financial Risk Analyst
- Forensic Accountant
- Investment Analyst
- Business Development Manager
- Civil Service Fast Streamer
- Data Scientist
- Diplomatic Service Officer