The goal of every business is to be successful through earning revenue and profit. Why study business?Д«usiness refers to an economic system or an organisation where products, goods, and services are exchanged in lieu of money. Some of the top-ranked institutes that offer an economics degree are London School of Economics (LSE), Universita Commerciale Luigi Bocconi (Italy), and Berlin School of Business and InnovationВ (BSBI). Writing skills: Since you have to create projects and economic models, and write assignments on a regular basis, your writing skills will develop greatly.ДЄs now you know why the study of economicsВ can be beneficial to you, it is also important to know some of the best economic universities in Europe.

Hence, by the time you graduate with an economics degree, you will have brilliant analytical skills. Analytical and reasoning skills: Analytical skills are extremely important in the field of economics because you have to analyse economic models, come up with solutions for problems, and interpret economic statistics, data, and evidence.Several universities offer opportunities to apply your learning in real-life scenarios through internships. Real-life application: As mentioned earlier, economics has real-life applications especially with regards to instability of global markets.Some of the subjects that you can study with economics in a dual-degree are law, business administration, international politics, journalism, and international relations. You can also do a dual-degree with economics as one of the primary subjects. Option of dual-degrees or dual programmes: Since economics is omnipresent, it can be clubbed with other subjects to enrich or improve your learning experience.You will learn topics ranging from demand and supply to international trade. Graduating from an economics university will give you a deeper understanding of the inner workings of the world. Relationship between economics and the world: Economics is truly an omnipresent subject.A study conducted in 2016 revealed that economics graduates, on an average, earned в‚¬11,000 more than other professionals. This is because they learn a variety of skills that will benefit companies. Demand for economics graduate professionals: In todayвЂ™s time, graduates from the best economics schools have high demand in job markets.There are several more reasons why you should study economics, which are:

Some of the common economics degrees are B.Sc. Economics is also considered to be an excellent subject for graduate study in the fields of government, business economics, law, labour relations, public administration, and diplomacy. Studying economics is an excellent way to gain expertise in problem-solving skills and to cultivate a rational method of observing and solving problems. Solutions to these problems can only be obtained through thorough study of economics. Economics is the cornerstone of several social issues such as inflation, poverty, unemployment, and human rights. This is because economics is all about choices and decision-making. Sometimes, economics is referred to as the вЂqueen of social sciencesвЂ™. Hence, finance is considered to be an offshoot of economics. Finance refers to the study of credit, investments, banking, money, assets and liabilities that make up financial systems.

How can inflation be controlled and reduced in an economy?ДЇinance vs economics, are they different or the same? A layman might assume them to be similar, but they are not.

How can economic trade and growth be boosted?.

How does the banking system function in an economy?.

How is the gross domestic product (GDP) of a country calculated?.

Some of the questions that you will be able to answer after studying economics are: Economics can be usually divided into two streams-microeconomics, which focuses on individuals and macroeconomics, which focuses on the behaviour of the economy as a whole. It studies how individuals, businesses, governments and nations make choices on allocating resources to satisfy their wants and needs. Why study economics?Д®conomics is a discipline concerned with the production, distribution and consumption of goods and services. Read on to get a clear idea of these two disciplines. If you are reading this blog post, then you are probably confused as whether to opt for business or economics.

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