What Is The Scope Of Doing A Bachelor’s In Economics?

Published on: 09 September 2022 Last Updated on: 19 February 2025

Economics is a part of our everyday life. It affects our daily lives in obvious and subtle ways.

Supply and demand, opportunity costs, the law of diminishing marginal returns, and the trade war are the applications of economics in the real world. You contribute to the economy by buying a Starbucks coffee and chocolate-filled croissant.

As our lives are influenced by macroeconomic trends, like inflation, interest rates, and economic growth, an in-depth understanding of economics is imperative to make informed decisions and gain a global perspective. In-depth knowledge of economics allows individuals to drive positive change. Economics helps think strategically and optimize the outcome.

Economics graduates are in huge demand across the world. In this article, we will discuss the literal meaning of economics, how it impacts our lives, and why studying BA in Economics and Business Administration is essential for creating a rock-solid career foundation.

What Does Economics Entail?

Economics study people, their behavior, decisions, and reactions in the face of scarcity and successes. It is a combination of politics, sociology, psychology, and history.

Studying economics provides a high level of mathematical and statistical skills. This discipline also allows individuals to apply economic principles and models to business or finance problems.

Moreover, pursuing economics equips individuals with a broad economic concept that can be applied to understand complex data and the relationship between things in the broader context. Upon completing a bachelor’s in economics, you will develop a wide range of skills, including communication, numeracy, problem-solving, and analytical skills.

What Can You Do With A Bachelor’s In Economics?

BA in Economics graduates has various employment opportunities across a spectrum of industries. Common career paths for BA in Economics graduates include:

1. Economist

As an economist, you will study the production and distribution of resources, goods, and services by gathering and analyzing economic data and researching trends to provide financial advice to businesses.

2. Investment Banker

As an investment banker, you will be working towards raising capital for corporations. Investment bankers usually combine financial services, analytical prowess, and practical communication skills to support institutional clients in raising money and acquisitions.

3. Data Analyst

Data analysts solve business problems by collecting, cleaning, and interpreting data sets. They identify key business insights using data analytics, data cleaning, and statistical knowledge.

4. Actuary

These professionals evaluate and advise on the impacts of financial risk and uncertainty in business. With business and economics acumen, actuaries provide reports and assess the risk of potential events.

5. Financial Analyst

As a financial analyst, you will evaluate investment opportunities, create financial modeling for investors, assess stock performances, and evaluate outcomes for business decisions.

Conclusion

If none of the above appeals to you, there are several other lucrative career options you may want to consider. You can seek a role in international development, human resource management, IT, journalism, law, market research, public relations, or taxation. Check out the top-ranked college in Germany’s Berlin to enroll in the course.

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How To Become A Travel Nurse

If you’ve browsed the various nursing specialties available and have decided that being a travel nurse is the profession for you, then you’re in the right place. In this article, we’ll go over how to become a travel nurse, and what steps you’ll need to take to get started. After all, no one is born an instant expert! ow to become a travel nurse, and what steps you'll need to take to get started. After all, no one is born an instant expert! In addition to earning a degree in nursing, you'll also need to become certified and work with a staffing agency. Finally, you'll need to adjust to working under pressure. Then, you can choose your ideal travel assignment. After finding out how to become a travel nurse you will want to continue your research to find out the benefits of this position. Read on to learn more! Work With A Staffing Agency A travel nurse is a licensed professional who travels from one facility to another. These nurses perform duties that any licensed nurse would perform and fill temporary nursing vacancies in a hospital or clinical setting. When aiming to create a travel nurse resume, focus on highlighting your diverse clinical experiences, certifications, specialized skills, and adaptability to various healthcare settings. Tailoring your resume to showcase your flexibility, quick learning, and exceptional patient care skills will significantly enhance your chances of securing desirable travel nursing positions. Specialties include emergency rooms, intensive care units, operating rooms, and telemetry units.Travel nurses perform the same duties as staff nurses, and must demonstrate a working knowledge of nursing theory and principles and techniques. A staffing agency will assign a recruiter to you. This person will connect you with prospective employers and help you navigate the onboarding process. They also act as your liaison while you're on the road. These recruiters will negotiate contracts and provide you with the necessary information to ensure a rewarding travel nursing career. Since this recruiter is essential to the process, it's important to maintain a positive working relationship with your travel nurse recruiter. Earn A Bachelor's Degree If you're looking for a flexible work schedule, a travel nurse's job may be the perfect option. You can start a nursing career by working for an agency that matches qualified nurses with hospitals. Once you've signed up for a contract, the agency will help you arrange interviews with hospital administration and help you find a place to live. Travel nurse housing is usually fully furnished and close to the hospital. Some travel nurse housing options are family or pet-friendly, which is a big plus. Your contract may also include a meal allowance during your assignment, bonus pay, and even an option to extend your contract. If you want to work as a travel nurse, you'll need to have a BSN or an Associate of Science in Nursing degree. Earning a BSN will give you access to more job opportunities, especially in Magnet-designated healthcare systems and level one trauma centers. Click the link: https://www.usa.edu/blog/levels-of-nursing-explained/ for more information about the educational path to becoming a nurse. Regardless of the degree you choose, be prepared to spend about two to four years in nursing school. The program will include coursework in nursing practice, communication skills, and patient education. You May Also Check: How To Prevent Burnout As A Travel Nurse With These Simple Self-care Strategies Obtain A Temporary Nursing License You may want to become a travel nurse even if you don't have your own permanent nursing license.These licenses are available in several states, and some "walk-through" states will grant temporary licenses for a specified period of time. Regardless of the license you get, you should be aware that this license is temporary and will only be valid for the time you are working in the state. Click here for more information about temporary licensing.Most travel nurse positions require an RN license. Each state has different requirements and regulations, so it is important to check with the individual agency you're applying with to determine the specifics. You will need a nursing license if you want to work in the state of the prospective employer. If your state is one of those that require a license, you'll have to get a compact nursing license, which lets you work in several different states simultaneously. Adapt To A Travel Assignment As a travel nurse, adjusting to a new environment and clinical settings can be challenging. While working with new colleagues, recognizing common dynamics can help you settle in quickly.Likewise, ask lots of questions and write down important information. Moreover, nurses provide excellent support, so it is important to take advantage of their advice and help you adjust to a new setting. Adaptability is one of the most essential qualities to become a successful travel nurse. It will make you more marketable to employers and can make you more flexible. Cost Of Living In terms of cost of living, Michigan is the third least expensive state for a travel nurse to live in. With a median hourly wage of $32, Michigan has a good reputation for affordability. With Detroit making a comeback, Michigan is a great travel nurse destination. Housing is a major expense. Most travel nurses find that paying one-quarter of their monthly income on housing is a good idea, which will leave more money for savings and expenses back home. This will ensure that you can live comfortably while working remotely. Depending on your location, you may need to find roommates or live in shared accommodations. In a high-cost city, this may be a challenge, so some nurses choose to live with family or friends or reduce the household budget in other ways. Read Also: Dos And Donts For Nurses Who Aspire To Succeed Ensuring Quality Healthcare with Correct Diagnoses 5 Biggest Challenges in The Nursing Field Aspirants Should Know

5 Biggest Challenges in The Nursing Field Aspirants Should Know

The healthcare profession is brimming with obstacles and challenges, and the recent pandemic has further added to them. Medical professionals work gruelingly long hours to ensure patient well-being and safety. However, most of these obstacles and challenges are typically seen in a particular sub-division of the healthcare field: the nursing field. Undoubtedly, the nursing profession is not for individuals who are faint of heart. Moreover, to succeed as a nurse and perform your duties with utmost efficiency, you must have the drive, passion, and knack for helping people in need. Some challenges plaguing the nursing field include difficulty acquiring further education, understaffing issues, and overtime work. Likewise, workplace stress and hazard are also growing concerns for medical workers. Whatever issues the nursing field faces, nurses remain a vital part of the world’s healthcare workforce. They put other’s needs first and dedicate their entire lives to helping their patients. For instance, the Covid-19 pandemic also made us realize how essential nurses are. However, before you start a career in the nursing field, knowing about all the challenges you'll face while working is vital. So, let’s determine some of the biggest challenges in the nursing field that aspirants should know. 1. Difficulty continuing education The healthcare industry requires individuals to remain up-to-date with the latest medical practices, techniques, and procedures. However, as nurses serve as the first point of physical contact for patients, these medical professionals also need to polish their soft skills. Therefore, expanding your knowledge base and honing soft skills are critical components of becoming a successful nurse in today’s competitive healthcare setting. And to do such a thing, they must invest time and money in continuing education and obtaining advanced nursing academic credentials. Unfortunately, acquiring further education while working as a nurse is no cakewalk. As these healthcare professionals work for long, grueling hours, sometimes 24-hour shifts, taking out time for studies can be challenging. However, if you’re a nurse striving to climb the ladder to success and seeking career advancement, eLearning can benefit you. You can enroll in masters of nursing online programs and study with ease while managing your workload. An online nursing degree will provide you with the flexibility and convenience of learning from home or even work. 2. Overtime issues Due to high employee turnover and understaffing, aspirants need to be aware of overtime before diving into the nursing profession. Many nurses state that healthcare facilities utilize overtime to counter the after-effects of understaffing. Unfortunately, this usually leads to overworked nurses, resulting in medical errors, treatment inaccuracies, inaccurate diagnoses, driving away aspiring candidates from the nursing field altogether. That said, medical facility owners and healthcare leaders must focus on overstaffing issues and try to solve them with a different approach. A viable way to do this is by hiring more competent nursing staff. In addition, they must encourage aspiring medical students to give nursing a go over other health-related careers. After all, nurses are frontline warriors, working at the heart and soul of every healthcare organization worldwide. 3. Understaffing issues Short staffing is amongst the most common issues in the nursing field. An AMN Healthcare survey shows that about seventy-two percent of healthcare leaders say that they are understaffed in the nursing department. Not to mention, this issue is growing with every passing day, especially since the pandemic struck. Furthermore, the BLS states that there will be a demand for one billion nurses around 2022 due to the rise in diseases and viruses, and most importantly, Covid-19. Staffing issues usually affect patient health and safety and drastically lower the quality of care at healthcare facilities. Moreover, it can also result in increased injury rates, fatigue, and work pressure. 4. Workplace stress Healthcare professionals such as nurses and doctors face work-related stress and burnout, primarily stemming from the unpredictable nature of their work. It mainly affects nurses dealing with high-volume urban departments, senior care, acute psychiatric services, and more. Not to mention, excessive workload and fatigue are ever-present in every healthcare workplace. And nurses bear their fair share of burnout issues, as discussed above. That said, such a thing shouldn’t put off aspiring candidates. ANA, OSHA, and other government organizations work tirelessly to control workplace stress through education, guidelines, and regulations. After all, nursing staff shouldn’t have to deal with burnout, whether it is because of their workload or job nature. 5. Workplace hazards Every workplace in every field has its fair share of hazards. However, the nursing profession, in particular, faces more than usual. Some potential hazards include exposure to pathogens, injuries, contracting viruses, and other germs. Not to mention, these healthcare professionals are at constant risk of hazards from patients carrying the deadliest viruses. The Covid-19 pandemic serves as an unfortunate reminder of how working in the healthcare sector can prove fatal. Many nurses and frontline warriors lost their lives battling the virus and serving the ailing. However, it explains why nursing is one of the most prestigious professions of our era. Nurses devote endless hours and put their lives at stake to ensure the well-being of their community and people. Conclusion Recognizing the obstacles and the challenges that the nursing field contains is the first step. However, the second, and probably the most important, is overcoming these challenges to ensure you advance in your nursing career. After all, nurses are crucial to every healthcare facility out there. There is no better way to help humankind than to take up the nursing profession. That said, you might find it challenging to overcome these obstacles initially. But if you remain persistent and focus on your end goal, you’ll reap countless rewards. Read Also: American Healthcare and its Woes How To Prevent Burnout As A Travel Nurse With These Simple Self-care Strategies

3 Tiers of Caribbean Medical Schools – Medical School Guide

The Caribbean consists of over 7,000 islands and the Caribbean Sea. Cays, islands, islets, and inhabited reefs surround the Caribbean region. The Caribbean is a well-known tourist destination with a considerable number of tourists visiting this island every year. According to the IELTS Practice Online website, the total number of visitors on the island in 2021 stands at 3.5 million. Apart from being a popular tourist attraction, the Caribbean is also famous for medical schools- catering mainly to American and Canadian students whose applications got rejected. At present, there are over 80 medical schools on the Caribbean Island, accepting students from all corners of the world with average GPA or MCAT scores. There’s no denying that a Caribbean medical school offers a second chance to those students who had not been accepted to the American or Canadian medical schools due to the competitive landscape. But, unfortunately, Caribbean medical colleges and universities vary widely in quality, accreditation, and attrition rates. If you’re considering attending a Caribbean medical school, you definitely have navigated several websites with a bunch of conflicting information, untrue statements, and unbiased lists of recognition or ranking systems. This blog will walk you through different segments of Caribbean medical schools and help you make a well-informed decision for a rewarding future ahead. Three tiers of Caribbean medical schools Under the three tiers of the Caribbean medical schools ranking system, colleges and universities are classified into top-tier, mid-tier, and bottom-tier. The basis of categorization is a variety of approvals and accreditations. So, let’s gain a comprehensive understanding of the three tiers of Caribbean medical schools. 1. Top-tier Caribbean medical schools Top-tier medical schools in the Caribbean have approval from US agencies, such as the New York State Education Department and the Florida Department of Education. Besides this, medical universities accredited by the Caribbean The Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP) or the Accreditation Commission on Colleges of Medicine (ACCM) is best to acquire medical education. These medical schools also have the approval to participate in the US Federal Direct Loan Program. 2. Mid-tier Caribbean medical schools Mid-tier medical schools in the Caribbean generally lack full credentials. These medical colleges and universities are usually accredited by the Caribbean Accreditation Authority for Education in Medicine and Other Health Professions (CAAM-HP), but they hold only one state approval or not at all. 3. Bottom-tier Caribbean medical schools Bottom-tier medical schools in the Caribbean are the ones you should ignore. These medical schools are only for profit-making purposes, and you will have a hard time getting out of them. Bottom-tier Caribbean medical schools don’t have any state approvals or accreditations. Conclusion For students wishing to attend a medical school on the Caribbean Island, check out accreditations and approvals of the colleges or universities you want to get into. Fully credentialed or top-tier medical schools are the ones that guarantee a promising career in this realm. The Caribbean also has some world’s leading international medical schools, with alumni working across the US and Canada. Browse now to make a sound decision! Read Also: Top things to know before entering a medical career Is Medical/Dental Instruments A Good Career Path Is Medical Assistant A Good Career Path In 2021?

What Is The Scope Of Doing A Bachelor’s In Economics?

What Does Economics Entail?