Throughout the course of human history, economics — at its very heart — is the study of people. It is a real-world field of study that aims to explain what drives human behaviour, decisions and reactions when faced with difficulties or successes.
In fact, when you study economics, you gain a toolkit of skills and ways of thinking that you can apply to a wide range of problems. Truly, economics is one of the central disciplines underpinning the study of business, management and public policy!
Studying a Bachelor of Economics and gaining an economics degree in Singapore means learning the fundamental principles of economics, as well as how to critique them. This level of analytical thinking encouraged within the degree will help you observe and understand the world on a deeper level!
Why should you take this degree?
Money makes the world go round. It plays a big part in politics, society, law, geography, and almost everything else in life. Understanding how people, companies, and countries control their money is one of the most valuable skills to any employer.
However, economics is much more than pounds and dollars. It’s also a fascinating study of psychology, and how resources are spread out around the world. Economics can be broken down to two main categories:
- Microeconomics, the study of how individual parties (people, groups, and businesses) use their wealth.
- Macroeconomics, which looks at entire economies. The unemployment, inflation, and monetary challenges of cities, countries, and continents.
An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector. More broadly, economic concepts can be applied to understand the logic of complicated data, to see how things relate to each other, and to see the broader context.
What can you learn from an Economics degree and what are its benefits?
Some of the specific skills you develop include:
- Communication skills: presenting ideas in a well-defined framework and supported by evidence that uses complex data
- Numeracy: handling complex data and techniques of mathematical and statistical analysis
- Analytical skills: investigating issues and interpreting data to draw meaningful conclusions
- Problem-solving: assessing a situation and coming up with intelligent solutions
An economics degree helps prepare you for careers that require numerical, analytical and problem-solving skills — for example in business planning, marketing, research and management. Economics helps you to think strategically and make crucial decisions to optimise the outcome.
Graduates who have studied Economics and Finance are constantly in demand as they are particularly well-prepared for jobs in banking and the financial sector, such as in accountancy firms.
The well-developed methodologies used in the economics profession have helped the subject expand into providing tools for other disciplines, such as politics, law, health, education, management, and many others.
What careers can you land when you complete an Economics degree?
An Economics degree is the ideal preparation for numerous interesting careers in the banking and finance sector (accountancy, insurance, investment banking, consumer banking, and other similar fields), as well as other areas such as government, management consultancy, journalism, and more.
Investment banking is a particularly popular career choice for Economics graduates. However, an Economics degree also paves the way for plenty of other jobs, such as teaching, working for an international think tank, and many more. It demonstrates strong numerical skills, which is useful for countless jobs.
These jobs may involve identifying financial risks or making decisions about where a company or a government should invest its resources in the future, or even tasks like how to design a bidding platform for eBay. There are also roles for economists in think tanks and consultancies that advise governments and companies on public policy, such as how to deal with the Greek debt crisis.
How long do you need to complete an Economics degree?
Around the world, an undergraduate degree that makes use of the two-semester academic calendar typically takes three years. Of course, this is dependent on whether you're taking the degree on a full-time or part-time basis.
However, at James Cook University, we have advanced from the typical two-semester system of the academic calendar. This gives rise to our trimester system, which expedites the learning pathway for students of our Bachelor of Economics degree to just two years for full-time students.
Gain a head start in your career with an Economics degree at James Cook University.
At James Cook University, you'll receive one of the most widely recognised Bachelor of Economics degrees in Singapore with state-of-the-art facilities and the latest in advanced technology, allowing you to pursue studies that create a meaningful impact in your field.
Deepen your industry knowledge and attain a globally-recognised Australian degree to expand your employability opportunities or pursue entrepreneurship.
Take charge of your future and the countless opportunities that await you! Enquire with us today!