What can you do with a degree in Economics?

A degree in Economics can open up a wide range of career opportunities in different sectors. Here are some common career paths for economics graduates:

  • Finance and Banking: Graduates with a degree in Economics can work in banks, investment firms, or financial institutions in different roles such as financial analysts, portfolio managers, and investment bankers.

  • Government Agencies: Graduates can work with government agencies at the national or state level in roles such as policy analysts, budget analysts, and economic advisors.

  • International Organizations: Graduates can work with international organizations such as the World Bank, International Monetary Fund (IMF), or the United Nations in various roles such as economic researchers, policy analysts, and development consultants.

  • Consulting Firms: Graduates can work with consulting firms in roles such as economic analysts or research associates, providing economic analysis and advice to clients.

  • Non-profit Organizations: Graduates can work in non-profit organizations such as think tanks, research centers, and advocacy groups in roles such as research analysts, policy analysts, and program managers.

  • Academia: Graduates can pursue a career in academia by working as economists, researchers, or professors in universities and research institutes.

What will I study under Economics?

Economics is a social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants and needs. The study of economics can be divided into two main branches: microeconomics and macroeconomics.

Microeconomics

Microeconomics is concerned with the behavior of individuals and firms in the market. It includes topics such as:

  • Supply and demand

  • Consumer behavior

  • Production and costs

  • Market structures (perfect competition, monopoly, oligopoly)

  • Factor markets (labor, capital)

Macroeconomics

Macroeconomics is concerned with the overall performance of the economy. It includes topics such as:

  • National income and output

  • Unemployment and inflation

  • Money and banking

  • Fiscal and monetary policy

  • International trade and finance

  • International trade and finance

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