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. The years of success and good accomplishments made me want to go to this University. Studying here is going to have a huge impact on their future careers and their future in general.
Why economics is important. Why is it important to study economics? What is economics? Economic theories There are many different areas of economics you can study. Article Shared by. Related Articles. Top 6 Limitations of Microeconomics — Discussed! We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Do not sell my personal information. Cookie Settings Accept. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.
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Economics is a branch of social science that studies how people interact with value. An economics degree will teach you about the production, distribution, and consumption of goods and services.
Economics explores how economies work, and the behaviour and interactions of people, companies and organisations. Economics looks at how nations, individuals, governments, and businesses make decisions regarding the economic resource allocations. The field can be separated into macroeconomics, focusing on the economy as a whole, and microeconomics, which focuses on individual businesses and people.
Economics affects nearly all aspects of our lives. It's a broad subject area that equips you with skills that are needed in a variety of sectors and professions. Economics helps us understand the world around us and how it really works. It also helps us to understand people, governments, businesses and markets and why they make the economic choices they do.
Studying for an economics degree will equip you with analytical and problem-solving skills, which will allow you to succeed in a wide variety of careers such as law, actuary, finance and foreign affairs. The figures vary depending on location, experience, and chosen sector.
Typically, those working in financial services, banking and consulting, earn the highest salaries. Economics is such a versatile subject and so widely used in day-to-day life, that graduates of the subject can expect great career prospects.
Employment in the economics profession is already high and is projected to grow over the next decade. Organisations across many industries use quantitative methods and analysis to create accurate forecasts for market trends. Demand is expected to be very strong for skilled professionals who understand big data in pricing and advertising. Economics is so versatile and widely relevant, that it works perfectly in combination with other subjects. As one of the social sciences, economics can easily partner with sociology, political science, anthropology and psychology.
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