Bachelors in Economics investigate all factors involved in the production, distribution and consumption of goods and services. Economics analyses both small scale (Microeconomics) and global (Macroeconomics) economic factors. Bachelor's degrees in Economics offered by universities and colleges worldwide teach students how to optimise all economic actions in order to improve the well-being and prosperity of economic entities and consumers.
Who should study a Bachelor's in Economics? Of course, you should be comfortable with using Math and numbers, but Economics is more than that. A Bachelor's in Economics might be right for you if you are ready to change the way you look at the world and understand the dynamics of how human behaviour shapes our way of life. Economics is a versatile subject that connects to a wide range of other disciplines, and also a sort of universal language that can be applied in many contexts.
Most Economics Bachelors are offered as B.Sc. (Bachelor of Science) or B.A. (Bachelor of Arts) degrees. It will take 3 years to finish your studies in most countries around the world and 4 years if you study in the USA.
You can specialise in a wide range of subjects such as Financial Economics, Labour Economics, International Economics, Business Economics, International Economics, Environmental Economics, Development Economics, Econometrics, and much more.
While studying an undergraduate degree in Economics you will attend a variety of classes which vary depending on the university you'll be attending. Some general classes you are bound to run into include: Game Theory, Foundations of Macroeconomics and Microeconomics, Economic Development and Resource Economics, Statistics and Calculus, and more.
Because Economics is such a broad and overarching field, it has the potential to help students develop a lot of skills they can use in their future careers. You'll learn how cu evaluate and calculate risk, make predictions about how certain factors will influence the behaviour of society. You'll become familiar with mathematical models and how to use them, while developing your skills for analysis and synthesis. Economics studies also create a strong basis for future Business studies, due to the deep understanding of market dynamics. Most of all, you'll learn how to best communicate your findings and ideas to people who are not experts in the field but need your insight to make business decisions.
While a Bachelor's in Economics is a great source of information and expertise, it doesn't limit itself to a specific career after graduation. Numerous fields are waiting for economic graduates in the public and private sectors. You will find work in the government, banks, business journals, or in higher education if you plan of pursuing a PhD in Economics, later on. You will be able to target job titles like economist, consultant, economic analyst, researcher, financial or business analyst or stock market specialist. Economics B.A. graduates can make use of their Bachelor's education in other disciplines like Accounting, Auditing, Insurance, Management, Advertising, Actuaria Science, and more.Read more about studying a Economics degree
Not sure if Economics is for you?
By studying in Australia you will take advantage of the great student environment both inside and outside classrooms. In addition to some of the best business and engineering schools in the world, you will be able to explore a greatly developed country that still retains its wild side with its warm climate, beautiful beaches, and the Great Outback, with over 500 national parks. Many Australian universities provide internships and work placements, preparing students early on for the job market.Read more about studying abroad in Australia
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