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<\/figure><\/li><\/ul>\n\n\n\nAnyway, having\na good partner can change the game and all successful people know that.<\/p>\n\n\n\n
So here we\nare looking at 5 reasons why you should partner up with the Economics and make\nyour career a happily ever after<\/em> story.<\/p>\n\n\n\n There are many (I repeat, many) options available for those looking to\npursue a career in Economics. Economics is a discipline which permeates all\nother disciplines through way of its all-applicable analytical tools and\nmodels. There are numerous branches of Economics, Macro and Micro being the\nlargest and the most commonly heard. <\/p>\n\n\n\n Economics also has unusual branches in subjects such as Geography, Law\nand Sociology, each of which are extremely interesting areas to study.<\/p>\n\n\n\n A degree in Economics covers current real-world issues. The course has a focus on Mathematics and its application to economics, but it also includes a theoretical aspect to build an understanding of economic models within different societies. You will learn how individuals and organizations make decisions and you will be able to forecast potential changes in the real world. <\/p>\n\n\n\n Economics isn\u2019t just a fancy set of models; it is actually using them to\nproduce a viable business strategy. Economics equips with the tools you need to\nanalyze almost anything you come across. <\/p>\n\n\n\n You want to do a SWOT analysis of a company? Check. You want to learn\nhow a consumer makes decisions? Check. You want to know why poverty exists?\nCheck. You want to know the nitty-gritty of the financial markets? Check. You\nwant to know if there\u2019s chocolate left in your fridge? Go check.<\/p>\n\n\n\n Studying an Economics degree can be very\nrewarding and can be a great option if you want to have a wide range of\nopportunities after graduating.<\/p>\n\n\n\n Many people think of Economics as just curves, models and relationships\nrequiring a lot of unnecessary math and jargon. <\/p>\n\n\n\n To be honest, to some extent we do use some math but not too much.\nEconomics is much more nuanced and interesting than most people perceive it to\nbe. Much of economic theory is based on how people behave rationally, how they\nmay not behave rationally and when and why our assumptions might fail. Learning\nabout cognitive biases that influence our economic decisions allows you to\npredict human behavior in the real world, whether people act rationally or\nirrationally.<\/p>\n\n\n\n Not only do you learn how complex concepts like human decision-making\npan out, you also gain extremely valuable skills along the way: critical\nthinking, communication, numeracy, research skills, commercial and cultural\nawareness, data analysis, problem-solving and more!<\/p>\n\n\n\n Economics can teach you a lot about the world, how big decisions are\nmade and how large markets behave, but more importantly, it helps you\nunderstand your own spending behavior better. You will gain invaluable insight\ninto your own spending habits and values. You will also come across complex\nterms given to simple phenomenon like \u201cmaximum willingness to pay\u201d, which may\nsound extravagant at first, but you\u2019ll come to know that it\u2019s just the maximum\namount you would be willing to pay for any given product. And then you\u2019ll learn\nhow your maximum willingness to pay can affect larger and more complex\ndecisions like the provision of public goods.<\/p>\n\n\n\n And very soon, like all economists, you\u2019ll find yourself calculating\npayoffs when buying groceries at the supermarket. No, just kidding.<\/p>\n\n\n\n Yes, you read that right. Studying Economics can actually increase your\nchances of climbing the leadership ladder in your career. <\/p>\n\n\n\n A study done in 2010 showed that, when adjusted for the size of the pool\nof graduates, Economics graduates had the highest likelihood of being an\nS&P 500 CEO!<\/p>\n\n\n\n Economics is a very useful subject which equips you with the right\nanalytical tools and skills required to run a business successfully which is\nwhy most people with this degree have a very good pay.<\/p>\n\n\n\n An Economics degree will increase your employability in many areas,\nregardless of the industry you work in.<\/p>\n\n\n\n If that isn\u2019t an excellent reason to study the subject, I don\u2019t know\nwhat is.<\/p>\n\n\n\n AND\u2026 <\/p>\n\n\n\n I would be happy to talk to you in case you want to know more! Just drop me an email at reetuparna.vishwanath@student.hanken.fi<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Economics to me is like that one vast arena of topics which has its paws in almost every field. Finance, statistics, mathematics, psychology, environment, geography, law, sociology, you name it. You can marry it to any subject and Economics will easily play the role of the good wife. And by that, I mean it will … <\/p>\n![\"\"](\"https:\/\/blogs.hanken.fi\/nordicbrilliance\/wp-content\/uploads\/sites\/7\/2020\/03\/picture-economics-2.jpg\")
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