Economics affects the world we live in. Understanding domestic and international perspectives — historic and current — can provide a useful insight into how different cultures and societies interact.
For international corporations, understanding the world economy is key to driving success. An economics course will give you an in-depth understanding of core economic theory and how to apply it to the real business world.
Economics is a widely respected field of study and provides an alternative to an Accounting and Finance degree as it offers similar career opportunities for graduates. You could work in job roles within a range of industries, such as:. Durham University International Study Centre provides a specialist pathway programme for international students. She shares what she enjoys about the subject and how its applied to the world around us:. I think it unlocks a lot of keys within science.
One of my favourite areas is calculus. It explains a lot that goes on in the physical world, as well as economics and business, and science and engineering. Maths is something I want to share with the students and pass on my experience and knowledge. A degree in economics covers current real-world issues.
While the course has a focus on mathematics and its application to economics, it also includes a theoretical aspect to build an understanding of economic models within different societies. You will learn how organisations and individuals make international decisions and how to forecast potential changes in the world of economics. Economics is a broad field that offers a variety of benefits. A few of the reasons to study economics at university include:.
A degree in economics is highly respected by employers. You will gain a strong knowledge of how the world works and a variety of highly transferable skills that are sought after by a range of industries and employers. Examples of the jobs that you could pursue include:. You will also be qualified to work in jobs not directly related to your degree.
Some of these jobs include:. Studying a degree in economics will give you a range of subject-specific skills that allow you to apply your knowledge of economics to real-world situations. The transferable skills you learn from economics are sought after by a variety of employers, whether you are looking to pursue a related economic career or explore other fields.
You will have a unique way of thinking that you can apply to everyday problems. You will develop a range of skills such as:. Economics is an important part of the world around us. It affects everything from how much we pay for goods and services to how much employees get paid. Studying economics at university gives you a new view of the world and how it functions when it comes to business and economics. Studying an economics degree can be very rewarding and can be a great option if you want to have a wide range of opportunities after graduating.
It opens up a number of paths thanks to the skills and variety of subjects it uses. Economics is a degree that covers aspects of politics, sociology, psychology, history, mathematics, business, finance and international relations giving you strong general knowledge. With its wide-ranging applications, economics is a great choice in an ever-changing world.
Economics, at its core, is the study of how to evaluate alternatives and make better choices. It develops critical-thinking and problem-solving skills to make good decisions. It develops analytical skills to examine data to support good decisions. These skills are desired across careers in the public and private sectors. An annual study by the National Association of Colleges and Employers NACE consistently finds that employers want the skills gained from studying economics—the ability to make decisions, solve problems, obtain and process information, analyze data, and write and speak effectively.
No matter what the future holds, an economics major helps people succeed. Understanding how decisions are made, how markets work, how rules affect outcomes, and how economic forces drive social systems will equip people to make better decisions and solve more problems. This translates to success in work and in life. Though economics majors enjoy relatively high starting salaries, the key indicator of the value of an economics major is long-term success and lifetime earnings.
Time spent in timetabled sessions decreases each year: Max had 20 contact hours per week in his first year, 15 in second year and 12 in third year. Many economics degrees offer the opportunity to spend nine to twelve months doing work experience with an employer after your penultimate year, before returning for a final year.
This type of degree is sometimes called a sandwich course. Most universities that offer a placement year require you to decide when you apply on UCAS, as it has a separate course title. Others such as the University of Southampton , the University of Reading and Lancaster University allow you to choose after you begin your degree. An economics degree will equip you with many skills that are sought after by employers, whether or not you want a finance-related career.
These include:. A degree in economics or joint honours including economics is essential to become a professional economist. Economics graduates also commonly go into other finance careers such as:. Equally, economics graduates are valued in many sectors, not just those that are closely related to the economy. The transferable skills you can gain from an economics degree are useful in most jobs.
TARGETcareers has more information on careers that are open to graduates from all degree disciplines. Some economics degrees are accredited by a professional body, which can be useful if you want a career in finance.
If you go on to study for a professional qualification and have already covered some of the content in your university modules, you might be exempt from certain exams. Depending on which aspects of economics interest you, there are a number of alternative degrees you could consider.
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