One may argue that the demand for Economics as a subject of higher studies has decreased rapidly over the years. In fact the statistical data reveals the demand for degrees in Economics has declined about 30% during early 90’s in USA. Although it enjoyed a slight recovery during 2000-2004 the general trend for Economics degrees have been downward. In fact, the aim of this article is not to discourage some one who is interested in studying for an associate degree in Economics but to encourage them to pursue their goals with confidence since there are definite reasons why he or she should do so. However before you select a degree in Economics, you should assess whether you like it or not. Obviously, you do not have to love each and every aspect of the subject but you should have a liking for at least some of the topics involved.
Although a high paying job is not guaranteed with a Degree in Economics, a graduate may find himself or herself left with more opportunities than their counterpart who is focused on business studies. The candidate may get access to a variety of jobs in different fields such as finance and banking, public policy, insurance and actuarial valuation, sales and marketing or even civil service.
In addition you will learn a lot of concepts such as interest rates, exchange rates, equity markets and economic indicators such as inflation and unemployment, that may be applied in your other jobs or simply in your personal life.
Another aspect of learning Economics is that it makes you understand the spot and secondary effects and unintended consequences of an event or an action. This manner of thinking is beneficial to you since it helps you make better decisions especially in the business world or even in your personal life.
Since you are exposed to the world when studying economics, you will have a broader perspective of everything. You will learn the impact of a decision on the firm, industry or more broadly at the national level. The government policies and their impact on the economy are identified and discussed which expose a candidate to political science. Further, studying international trade and its pros and cons will make you understand the global business environments. In short the study of Economics makes you a complete person.
Generally speaking, the degrees are awarded as an Associate in Arts (AA) and for the students who wish to go further, the Bachelor’s, Masters and PhD degrees are also available. These associate programs help the students develop their critical, analytical and abstract logical thinking while also enhancing the computer literacy and writing skills. The programs begin with Math, Academic writing and principles of micro-economics, later evolving into Managerial Economics, Business Statistics and many more which provide a thorough understanding of the entire economic framework.
If you are a bizymom who wish to stay at home and obtain a degree in Economics, selecting an online associate degree in Economics may be the ideal option for you.
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