Economics degrees 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. 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 Economics degree? Of course, you should be comfortable with using Math and numbers, but Economics is more than that. An Economics degree 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.
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 Economics degree 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 an Economics degree 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 degree graduates can make use of their Bachelor's education in other disciplines like Accounting, Auditing, Insurance, Management, Advertising, Actuaria Science, and more.
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Not sure if Economics is for you?
South Africa offers very affordable Bachelor’s and Master’s degrees. The ‘Rainbow Nation’ excels in disciplines like Development Studies, Social Sciences, and Natural Sciences. Tuition fees are among the lowest in the world, and many study programmes are taught in English. International students also enjoy low costs of living and have the opportunity to explore South Africa’s beautiful cities and landscape, which includes Table Mountain, the Garden Route, and gorgeous beaches.
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