Economics is the study of the production, consumption and transfer of wealth, it can be of a country or state or even a particular place.
Features of economics are:
Analyse market trends.
Study demanding supply of business services.
Analyse economic policies and give solutions to economic problems.
Study how economics is related to other social science topics.
Economics offers various degrees respectively, with different specializations.
An associate degree in economics can be easily earned within two years of the course. An associate’s degree in economics will be the base for the students to continue with their further studies.
A bachelor’s degree in economics is for four years. According to the Bureau of Labour Statistics (BLS) in the United States, a bachelor’s degree in economics is required to enter the field of economics.
A master’s in economics is the study of economics in depth. Masters in economics mainly includes mathematics and statistics. There are colleges which conduct preparatory courses in mathematics and statistics for the students to make their base in mathematics strong. The course extends up to two years with theoretical and practical studies.
There are also research programs available in economics. The research program extends from 5-7 years.
Specializations offered in Economics are the mathematical and quantitative theory, econometrics, microeconomics, monetary economics, etc.
Various professions to choose in economics are a personal financial advisor, financial analyst, statistician, accountant, auditor, etc.
The average wage that the professionals of Economics get is around $90,421 and it is increasing at the rate of 2.92. The average numbers of people employed are 3.63 million.