Studies & Degrees in Economics
Choose the degree program you would like to study:Agricultural Economy Applied Economics Economic Analysis Economic Development Economic Geography Economics International Economics International Political Economy Macroeconomics Microeconomics Political integration and economic Union in the European Union World Economics
Study Agricultural Economy
Choose where you would like to study Agricultural Economy:AustraliaCanadaFranceGreeceIraqNigeriaSloveniaThe United StatesZimbabwe
Do you have an interest in agriculture and would like to study the economics involved with the field? Have you considered pursuing a degree in Agricultural Economics—a popular Bachelor of Science program now being offered at many colleges and universities around the world? A Bachelor of Science degree in Agricultural Economics can open up a number of exciting career opportunities, preparing you for one of the many important positions in this massive industry. To help you become a bit more familiar with this program and what it entails, below we have provided a brief synopsis of the Bachelor of Science Degree in Agricultural Economics, including a full course description and some information regarding the potential career possibilities for which this degree can prepare you.
Agricultural Economy: Bachelor of Science Degree program in Agricultural Economics
The Bachelor of Science Degree in Agricultural Economics is a four-year undergraduate course of study dealing with the production, distribution and consumption of goods and services. Students in the program learn practical problem-solving skills based in mathematics that allow them to effectively analyze many aspects of the agricultural industry. Upon graduation, students will be prepared to work in a number of industries and specialty areas, applying their knowledge of economics and business to issues of food production, rural development and natural resources.
Is this program right for you? The B.S. in Agricultural Business may be the ideal program if you enjoy:
- Solving intricate problems, often in a team setting with other experts
- Multi-disciplinary learning that combines the fields of business, plant and animal science, environmental studies, engineering, geography and politics
- Analyzing problems using principles of mathematics and economics
Agricultural Economy: Employment Prospects
A bachelor’s degree in Agricultural Economics is a great first step towards a rewarding career in the field. With this degree you can pursue a variety of employment positions, including:
- Agricultural Policy Analyst. These professionals analyze policies for a government agency, legislator or environmental group.
- Farm Manager. Running a large farm or ranching operation can be very lucrative for the right individual.
- Agricultural Researcher. Agricultural Researchers collect and analyze data for major food processing companies.
- Marketing Director. In this position you’ll be involved in direct market analysis for agricultural companies or financial institutions.
- Community planning consultant. Community Planning Consultants assist rural areas in the creation of jobs and help expand their economies.
- Real estate appraiser. In this position you’ll be charged with determining the market values of farms and ranches.
Study Applied Economics
Choose where you would like to study Applied Economics:AustraliaAustriaCzech RepublicNew ZealandSpainThe United States
Applied economics deals with the application of basic assumptions of economics to real-world situations. Therefore, applied economics involves economists taking generally accepted theories and applying them to something that is happening in the real world. Through the use of statistical and mathematical tools applied economists analyze and quantify economic relations, contributing to any level of government policy formulation and policy making. Applied economics can be used to determine the status of the economy of a company, a household or a country. Furthermore, applied economics can teach valuable lessons on how to avoid the recurrence of a negative situation, or at least minimize the impact. Because applied economics is all about the application of theory to real-life situations, the process can help develop an understanding of why a condition took place. This includes reviewing what steps were taken to improve or correct similar situations and how those strategies can be employed to keep the economy flowing in a direction that will prevent a repeat of the undesired situation. With all this in mind, a specialist in applied economics would prepare forecasts, analyze trends and advise on economic issues; identify opportunities to improve efficiency and competitiveness; provide management personnel with economic information and advice, and other similar tasks.
- Ability to think logically and analytically
- Good at discussing views clearly
- Excellent communication skills
- Good at presenting information in a concise and clear manner
- Good at mathematics and statistical analysis.
Applied Economics can be studied at all levels – undergraduate, graduate, and postgraduate. Such degrees usually involve the study of public policy, business economics, macroeconomics and financial economics, environmental economics, health economics, defense economics, and quantitative methods. In this way students would be prepared to apply the study of economics in a wide range of real life situations. The most prestigious programs tend to be the most selective and also may help students find high level jobs after graduation. With respect to future employability, the practical subjects your degree incorporates are of the highest importance, too. The opportunity to undertake an internship and truly apply the economic models studied is of upmost importance. This would also develop essential qualities like problem-solving, decision making, critical thinking, and crisis management early in your career.
The career prospects for students with a degree in Applied Economics are very good – with their knowledge they would be able to work with government officials and bank managers to provide economic theory and assistance. Therefore, they can work with banks, financial institutions and government policy makers. They would be able to work with businesses and industries, providing financial and economic trends and projections.
Study Economic Analysis
Choose where you would like to study Economic Analysis:SpainThe United States
Study Economic Development
Choose where you would like to study Economic Development:RussiaSpainThe United States
Study Economic Geography
Choose where you would like to study Economic Geography:The United StatesZimbabwe
Choose where you would like to study Economics:AlbaniaAlgeriaAngolaArgentinaArmeniaAustraliaAustriaAzerbaijanBangladeshBarbadosBelarusBelgiumBeninBoliviaBosnia and HerzegovinaBotswanaBrazilBrunei DarussalamBulgariaBurundiCambodiaCameroonCanadaCape VerdeCentral African RepublicChadChileChinaColombiaCosta RicaCôte d'IvoireCroatiaCubaCyprusCzech RepublicDenmarkDominican RepublicEcuadorEgyptEl SalvadorEstoniaEthiopiaFijiFinlandFranceGeorgiaGermanyGhanaGreeceGuatemalaHaitiHong KongHungaryIndiaIndonesiaIranIraqIrelandIsraelItalyJapanJordanKazakhstanKuwaitKyrgyzstanLaoLatviaLebanonLesothoLithuaniaMacaoMacedoniaMadagascarMaltaMauritaniaMexicoMoldovaMozambiqueNamibiaNetherlandsNew ZealandNicaraguaNigeriaOmanPakistanPanamaPeruPhilippinesPolandPortugalPuerto RicoRomaniaRussiaSerbiaSingaporeSlovakiaSloveniaSouth AfricaSouth KoreaSpainSudanSurinameSwedenSwitzerlandThe United KingdomThe United StatesTurkeyUgandaUkraineUnited Arab EmiratesUruguayUzbekistanVenezuelaVietnamYemenZambiaZimbabwe
When you want to know how people make choices to get what they or ask why they cannot get all that they want, you are dealing partly with economics. In its entirety, economics is defined by authorities as “the social science that analyzes the production, distribution and consumption of goods and services” in a particular area. It differs from economy in the sense that economy is a system and the structure of economic life of the community. When you analyze economy as a system in relation to its basic elements like markets and agents, consumers and companies, as well as buyers and sellers, you are using microeconomics unlike macroeconomics that addresses the factors affecting the entire economy such as inflation, monetary and fiscal policy, economic growth and unemployment, among others.
A study of economics is interesting. It enables you to know what are consumer goods, capital goods and the factors of production such as work, capital, ground, environment and information. There is a wide array of consumer goods such as usage goods as a toilet paper, or purpose goods like a car. You will be interested to know the capital goods that are inseparably important in the production of other goods like equipment, machines and buildings. Households constitute a part of production factors bought by business companies that produce and sell goods in return. The role of the state or government is to take a part of the earnings from companies and households for use to pay for “public goods” such as streets and public education.
The most common subject areas in the study of microeconomics include Elasticity, Income Distribution, Monopolies and Oligopolies, Labor Markets, and Supply and Demand, and in macroeconomics, Money, Banking, Economic Growth, Tax and Fiscal Policy, Aggregate Demand and Aggregate Supply. Many of these areas, if not all, are offered in most colleges and universities in their undergraduate and graduate programs. In the University of Toronto in Canada, for instance, the focus of its undergraduate program is core economics courses like Introductory Economics, Intermediate Microeconomics, Intermediate Macroeconomics, and Quantitative Methods in Economics. At the Harvard University’s graduate program under the Department of Economics, the study prepares graduates for teaching and research, and for responsible positions in business and research organizations and in the government. Aside from Harvard, among the top institutions offering economics curriculum are the Stanford University, Yale University, University of California, University of Iowa, Cambridge University and the London School of Economics and Political Science in the United Kingdom.
Why, therefore, should you study economics? Not only does it prepare graduates for careers in business, education, foreign service, journalism, and consulting and politics, but it is also personally useful as viewed as the foremost social science in the world, a dynamic field that provides an understanding of how the world moves and works, and it helps people make better choices in their day-to-day activities.
Study International Economics
Choose where you would like to study International Economics:CanadaChinaGermanyItalyNetherlandsRussiaSloveniaSpainSwedenThe United StatesVietnam
Study of International Economics involves study about production, trade practices and investment patterns across borders of different countries. Different domestic economic incidents have evidently had important effects on economics of foreign countries. It is therefore clear that liberal countries in the world are intricately connected with each other. It is quite difficult and to some extent even impossible to understand the working of an economy without taking into account its international counterparts. International Economics attempts to study this connection.
General Course Structure
A degree course on International Economics should ideally involve the following modules:
- Study of international theory of trade which would include study of trade patterns, changes and shifts in these patterns, effect of trade policies and practices on domestic and international economy.
- Study of international trade policy which consists of policies adopted by nations to regulate their trade practices, tools and institutions involved in trade policies, issues of free trade areas and policies and problems related to this form of international integration.
- Study of theory of international finance consisting of concepts like balance of payments situation of nations and foreign exchange rate and flow of money in the international market.
- Study of open and liberal economic issues involving relationship between international open economies and closed domestic economies, issues of labor migration and immigration etc.
- Other than the above mentioned modules, topics like political economy are also given importance. How the political situation of a country affects its economic functioning and what consequences it has on the international market are worth studying.
Most of the universities offer post graduate level degree in International Economics. Candidates having Bachelors degree in Economics and related subjects are eligible to apply for this course. While some universities conduct entrance examinations others allow admission based on personal interview. Students are awarded either with a Master of Arts or Master of Science degree in International Economics. Analytical skill and ability to comprehend economic models and forecasting are preferred as students of the field of study. PhD programs are also offered by most of the universities. Those who complete their PhD have better prospects in academic career.
Job prospect for economists in general is considered very bright. With specialized degree in International Economics, students can expect to get high profile jobs in government as well as private enterprises. For examples they may apply for job of financial analyst, public policy consultant, market analyst, advisor to the finance departments, research executives in business enterprises operating across nations, etc. For those having a doctoral degree in the same job opportunities are naturally better in nature. Teaching profession is also beneficial and appreciative for those who wish to continue studying and remain associated with the subject in its true form. Degree holders in International Economics are also demanded by multinational corporations of different types. International banks, manufacturing companies, financial institutions other than banks and even media houses offer lucrative job opportunities to students of International Economics.
Study International Political Economy
Choose where you would like to study International Political Economy:The United States
Choose where you would like to study Macroeconomics:ArgentinaCzech RepublicRussiaSpainThe United States
The study of Macroeconomics is an essential part of our society as it is used in both the government and the private sector. As defined, macroeconomics is the branch of economics that deals with the performance, behaviour, structure and decision making process of the entire economy, be it national, regional, or global. It is opposite to the other branch of economics called Microeconomics which, based on the term itself, deals with the smaller structures and details of an economy. Macroeconomics studies the aggregated indicators such as the GDP, price index, and unemployment rates for the experts to understand how the economy functions as a whole. This study also explains the relationship between the different concepts such as national income, inflation, unemployment, consumption, savings, investments, and international trade and finance. Also, there are 2 basic areas of research in this field: first, the causes and effects of short-run fluctuations on the national income; and the determinants of a long-run economic growth.
If you are to study macroeconomics, you must first go down to the basics. There are 2 schools of thought pertaining to macroeconomics – the Keynesian tradition and the Neo-classical tradition. The Keynesian Tradition came in first, which focuses on demand to explain the levels of unemployment and the business cycle. However, in today’s modern times, the Neo-classical Tradition is most often followed, but it is also patterned to that of the Keynesian tradition. Aside from the foundations, you must also take note of macroeconomics concepts for you to be familiar with. These concepts include: Principles of Macroeconomics, Economic Growth Theory, Business cycles and financial markets, credit markets, labor markets, theory of consumption, fluctuations, equilibrium models, credit restraints, international macroeconomics, macroeconomics management, macroeconomic policy, expenditures and cost of living, supply and demand, transition economy, market strategies and development strategies.
Macroeconomics programs in colleges and universities include quite a number of course subjects to tackle: Introduction to macroeconomics; Global Economy; Macroeconomic Models and Fiscal Policy; Macroeconomic Analysis; Macroeconomic Policy; Money, Banking, and Monetary Policy; Business cycles; Open Economy Models; The Market system; GDP and National Income; Price Determination; Unemployment; Inflation; Economic Growth; Industrial Organizations; International Trade and Restrictions; Exchange rates; and the international economy.
Building a career in the field of Macroeconomics is not that difficult as job opportunities in this field can be found in both the public and the private sector. First, students who are graduates of the Macroeconomics degree program can choose to be a part of the academe and teach economics as a professor or lecturer in colleges and universities. Others may also teach in lower levels of education as teachers in economics, mathematics and science. They may also seek employment in the government as macroeconomics is indeed a state’s priority. Moreover, graduates may also seek employment in the following fields: sales, finance, administration, consultancy, marketing, management, research, journalism, banking, investment banking, and venture capital. There are really a lot of job opportunities for economists in the world of professionals as economics is an essential part of an organization.
Choose where you would like to study Microeconomics :Czech RepublicItalyRussiaSpainThe United States
Microeconomics is a field of economics specialized in the teaching and research of how an individual's behavior and decisions affect the supply and demand for goods and services. In the study of microeconomics, the actions of individuals, households and businesses is crucial, unlike the study of macroeconomics, which on the other hand explores national and international economic trends. Furthermore, microeconomics encompasses a range of specialized areas of study. Key applied microeconomics fields are price theory and labor economics.
A specialist in microeconomics will deal with questions like what an employee would do if they received a raise. Would they increase or decrease work hours and would they spend more, or act irrationally. Another question that a microeconomics specialist would explore is the concept of market failure. This represents a situation, in which the market is inefficient – this can happen due to monopolies, a lack of information, or other similar occurrences. Finally, a major concept for examination by microeconomics students is opportunity cost; this is the idea of forfeiting opportunities, as resources are used for other purposes. For example, through the study of microeconomics you would ponder over the choices an employee makes over taking a vacation or enrolling on a course that would raise their qualifications.
Microeconomics, as already mentioned earlier, is a field within economics, so an interest in business and economics would be a good prerequisite for specializing in this area of study. Other qualities are:
- Analytical thinking
- Excellent at research skills
- Enjoy reading economic texts and authors; enjoy reading up-to-date economic trends
- Good problem-solving skills
- Excellent mathematical abilities.
- Excellent written and oral communication skills.
Microeconomics is often taken as a compulsory subject if you embark on degrees like Business, Economics, Business Administration, Accounting, etc. Microeconomics and macroeconomics are the foundation of any study of business and economics. If you wish to specialize, though, there are such options through pursuing a master’s degree or taking more microeconomics-related subjects in the last years of your degree. The field of economics is strongly interrelated with other aspects of human life and behavior, so you should expect to also go into areas like psychology, history, law, politics and anthropology. Besides, it is a field that requires a lot of practical and real-world examples. Therefore, you would be advised to choose a university through the employability ratings of their graduates. This would indicate that the institution has managed to merge theory and practice well in their curriculum. There are some institutions even offering a full-year internship or study abroad opportunity, and this would be a very good choice if you are planning to become an entrepreneur, or just wish to raise your career prospects.
Because the study of microeconomics is multidisciplinary in nature and equips students with a wide variety of transferable skills, economics and microeconomics graduates are very employable. They can work at large private companies, taking managerial roles, and they could also take positions in government. Such a degree would also give you the fundamental knowledge to establish and manage your own business.
Study Political integration and economic Union in the European Union
Choose where you would like to study Political integration and economic Union in the European Union:SpainThe United States
Study World Economics
Choose where you would like to study World Economics:RussiaThe United States