Do you have a flair for problem solving, reasoning and analysis? Are you fascinated by how money actually does make the world go round? Then a career in Economics might be perfect for you!
Businesses, organisations and citizens are all affected by both their country’s economy and what happens globally, so every BCom student undertakes at least one year of study in Economics.
So what is Economics?
Economics is the study of how, where and why money and resources are produced, spent and allocated by government and businesses, and how these help and affect the lives of individuals. When you hear discussions around unemployment, monetary policy, budget deficit and inflation, chances are an economist is involved.
What do Economists do?
Economists work in advisory and consulting roles using theories and models to undertake research or focus on solving complex problems. Their findings help the governments and organisations (both public and private) they work for to make informed decisions. This allows societies to function more effectively and to forecast and plan for the future.
Careers in Economics
Aside from that of economist, economics offers a wide range of exciting career options. Economics majors work in various roles in both the private and public sectors. They can become investment bankers and analysts, management and economic consultants, political advisors and politicians, journalists and researchers, amongst other careers.