Economics: It's not just about the money?
The move from high school to university or college can be a daunting one, often made more difficult by the question ‘what am I going to study.’ This is naturally influenced by personal interests, past experiences, parents, friends, and teachers, but when it comes down to it, it is the student that has to decide what is interesting for them. I have taken a troll around the Internet to see what people have to say in favour of studying economics and come up with some interesting answer.
On Facebook, for example, we got 3 very different and equally interesting answers from INOMICS followers:
1) “In order to de-ideologize (sic) economic reasoning.”
2) “The jobs you can get are interesting, fun, and you can actually make a difference!”
3) “I studied economics to help further my background in logistics.”
To get a further look, I approached the world of YouTube where I found a plethora of videos about why one should study economics. Here are some of the more prominent answers that I have come across thus far:
- To figure out and explain how the world works
- To understand the modern market economy
- To understand how and why financial crises occur
- Because it is applicable to everything
- To solve poverty
- To create an informed opinion
- To have the foundation to start my own business
- ‘Economics means success’
- Opens a lot of doors for future careers in policy and government
- It is a good background for careers in finance
- and, of course, to make money!
*You can find all of the videos from which these quotes are pulled on our YouTube channel at: http://www.youtube.com/user/INOMICSvideos
Do you have a particular reason as to why you chose economics? Please leave it in the comment section below!
Photo Credit: Saulo Cruz
- Economics Math Help
A quick guide to math symbols in economics
Studying economic theories and methods requires an understanding of mathematical symbols. These symbols are used as shorthand to describe theoretical concepts in economics textbooks, theories, and research papers.
- Planning Your Economics Career
What degree do I need to succeed as an economist?
It might be unclear to new students of economics how much schooling is necessary to succeed as an economist. For some careers, a Bachelor’s degree is sufficient. In others, a PhD is a near-necessity. This article will discuss how much education successful economists typically have.