Business and economics – two intertwined subjects and something that any successful business person has to get to grips with. The fascinating subject of economics is not a single component, with various other sub-subjects coming under this umbrella heading. Taking a degree in economics guarantees you one thing, and that’s that you certainly won’t get bored. Covering all the aspects necessary to help you take that vital step from education into the world of business, enrolling on an economics degree program is virtually an essential first step for those who have corporate and boardroom aspirations. And for those who might have hopes of one day running their own business – no matter in what vein – a broad and strong grounding in all aspects of world economics will surely give you that critical boost above your competitors.
What’s it all about?
Understanding the various different aspects and how various trends affect business is a key skill to the choices and decisions any successful company makes. To this end, you can expect a degree in economics to cover a structured course that includes business economics, macro and micro economics, mathematical strategies and statistics, along with various other aspects that have been learned since the global downturn of the last few years. Getting to grips with the key business skills necessary to both understand and to be able to contribute to company strategies are the critical components of what you’ll be taught throughout the program.
What will I learn?
Whilst every college and university has its own way of delivering the course program, you can expect your economics degree to include the following:
- The principles of economics
- Statistics and mathematics and their appliance in economics
- The application of principles and skills of the economist
- Macroeconomics (large economic systems)
- Microeconomics (the role of consumer choice)
- Labor relations and corporate ethics
- Corporate finance and governance
How will I learn?
Enrolling on an economics degree program will, by the nature of the study, involve both theoretical and practical learning. By undertaking academic study as well as using the most up to date practical strategies, you’ll be continually enhancing your understanding of this complex subject. Research and practice skills will be actively encouraged, along with the use of real business statistics to equip you with a solid and coherent knowledge of how to use assessment tools in the commercial environment. Self-led study will also be a part of your course, along with team work, individual learning and tutor led classes.
After gaining my degree, what options are open to me for employment?
After graduation there are a multitude of employment options that you might choose to follow. A degree in economics sees you ideally placed to work your way towards a corporate managerial role. However, the skills you’ll have learned will see you well-placed for a variety of related employment opportunities as well. These include working in the finance sector in fields such as trading, accountancy, tax advice or banking. Of course, don’t forget other employment routes such as human resources, IT, marketing and education, as an economics degree really does provide the necessary grounding for a successful career in many different roles.