Economics

If you enjoy studying the rise and fall of the economy, and you think you might be able to figure out a solution to economic instability, then you might want to consider a degree in economics. When you earn an economics degree from business school, you get to learn the principles and theories of natural science, and then apply them to the logic and rules of mathematics. In other words, you get to problem-solve.

An economics degree allows you entry into multiple career fields. You could work in banking, transportation, government, manufacturing, investment, political consulting, or even in the nonprofit sector.

According to the U.S. Bureau of Labor Statistics, more than half of all employed economists work for local, state, or federal government agencies. As such employees, they can analyze the effect of tax revenue, mortgage rates, and employment statistics. They may be able to assist in developing economic plans for the regional economy.

Economists may work in business, humanities, or the social sciences. They evaluate issues related to money, production, profit, and loss. They study data from factors including labor output, machinery, raw materials, finished goods, natural resources, and land. After they assess the data, they prepare reports and predict economic trends.

A variety of economics degree programs are available to high school graduates. If you pursue a bachelor’s degree, you will study mathematics as well as the humanities, including English, history, literature, and various electives. You will also develop your analytical skills. After you complete your core courses, your classes will probably include mathematical economics, statistical mathematics, micro and macro economics, statistical analysis, and more. Obviously, you will want to enjoy math and statistics if you plan to become an economics major.

Many bankers and other professionals may choose to enhance their careers by obtaining an economics degree. Some choose to attend online business schools in order to have the flexibility to keep their current jobs. Whether you attend an online school or classes in an actual classroom, you will be given the opportunity to engage in lively discussions about economic issues and theories with faculty and peers.

A degree in economics is extremely versatile, and starting salaries for economics graduates tend to be higher than those for graduates with other business degrees. It’s important to keep in mind, however, that those with a master’s degree or Ph.D. in economics will greatly increase their options in the job market.

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