WHY STUDY ECONOMICS?
Study Economics and learn
about economic theory, develop your skills of logical thinking and pick up some
great interpersonal skills along the way!
Economics applies to most
aspects of everyday life. By studying economics you will examine topics of
obvious importance to human well-being. Economics is applicable in a wide range
of fields, including:
•
Business
•
Administration
•
Law
•
Local and national government
Increasingly, policy debate in
all areas is being cast in economic terms. Understanding most current issues
requires knowledge of economics.
Economics provides a valuable
set of intellectual skills
Economics is more than just a
subject it’s a way of thinking. It provides a logical way of looking at a
variety of issues.
Practise the analytical
techniques employed in economics and learn to develop your:
•
General literacy
•
Communication and numeracy
skills
•
Skills of abstraction
(balancing simplification against relevance)
•
Skills of logical deduction
•
Critical thinking
Studying Economics provides
insights into:
•
The general environment of
resource allocation decisions
•
Opportunity costs and
trade-offs
•
Project evaluation and
government policy
These are crucially important
in many areas. Often these insights are not obvious, and can be
counter-intuitive to those who don't apply economic reasoning.
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