Question 1

What skills or experience do I need to already have, before starting to learn economics?

Accepted Answer

There are no specific skills or experiences needed to begin studying economics. Economics influence everyone's life on a micro and macro scale. The prices of groceries, the interest rates of a new home, and the amount we pay in taxes are all a part of economics. An interest in economic policy and financial systems is helpful but not required. Intermediate courses dig into the language and fiscal policy of financial institutions around the world, so it’s important to have a strong grasp of the basics before delving into these courses.

Question 2

What topics can I study that are related to economics?

Accepted Answer

Because economics is an umbrella term that is used to describe the many ways we create, exchange, and spend currency, related subjects include subcategories such as personal economics and international economics. Topics covering personal economics and local economics can explain how supply and demand and government policies affect every financial decision you or your community will have to make. Topics exploring international economics and policy explain how world financial institutions and governments compete and influence growth on a global stage, and how this impacts our daily financial decisions. For a more in-depth look at financial markets, check out topics that cover the global financial crisis and the way it will impact policy for decades to come. Topics in game theory break down how trading behavior affects the stock market and economic decisions around the world.

Question 3

What are common career paths for someone in economics?

Accepted Answer

People interested in economics may follow a career path at a bank or financial institution as a financial analyst, data analyst, or as a trader. Accountants may work for individuals, small businesses, or as part of a team for large corporations. Financial advisors work with individuals to make sure their money and investments are secure. Advisors also help people plan for the future, including retirement, estate planning, and wealth management. Other career paths for someone in economics may involve working as a policy maker or for the government as a researcher or analyst.

Question 4

What kind of people are best suited for roles in economics?

Accepted Answer

People best suited for a role in economics have an interest in public policy and an understanding of how money circulates throughout an economy. People who pay attention to the fine print and ever-changing world of tax law, regulations, and rates are also well suited for roles in economics. Additionally, because economics is constantly evolving, it’s important to pay attention to the global markets on a micro and macro scale and study the ways in which revenue is created and spent.

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Frequently Asked Questions about Economics

What skills or experience do I need to already have, before starting to learn economics?‎

What topics can I study that are related to economics?‎

What are common career paths for someone in economics?‎

What kind of people are best suited for roles in economics?‎

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