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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The 5 Most Common Questions About Earning Your Health Coach Certification!

Have you always been intrigued by the health industry? Do you enjoy working with people and helping them become the best version of themselves? If so, then becoming a health coach could be your calling. Just like any other coach - such as a life coach or sports coach - a health coach helps individuals reach their full potential by using motivational tactics, coaching, and talk therapy sessions to figure out how they can improve their overall sense of well-being and health. Let's see a few questions that people typically have about earning their health coach certification that can put your mind at ease before taking the final exam! 5 common questions about a health coach certification 1. What do you learn in a health coach course? If you are considering taking a health coach course, you can expect to learn information that will help you on your quest to help others. In the course, you can learn how to construct health and wellness plans for individual clients, how to become an expert advisor for your patient’s psychological needs, and how to formulate the best coaching methodology using research, past case studies, and feedback. See more on how to get yourself a health coach certification. 2. What are the benefits of a health coach program? If you're wondering if it is beneficial for you to take an online or in-person health coach course to earn your health coach certification, the answer is yes! There are numerous benefits of taking a course. You will be able to receive your credentials, which increases your prowess in the industry. This makes it easier for you to get a job and broadcast your services. 3. Is it popular to become a health coach? If you want to become a health coach, you are in luck - this type of job is currently growing due to the rise in the fitness industry! You do not have to worry about the likelihood of getting a job. There is a huge industry boom in the fitness world, so you will be able to have a long-lasting and impactful career. 4. Are there different types of health coach certifications? There are various types of health coach certifications that you can earn for yourself and your professional career. You can choose between a health and wellness coach cert or a holistic health coach certification. The holistic health coach uses only natural and homeopathic methods to try and reach the optimal level of wellness, connecting mind, body, and spirit. However, a health and wellness coach uses traditional methods to help utilize exercise and a diet to maintain the best level of health. 5. What does the health coach certification cover? The health coach certification course typically covers personal health, mental health, physical activity for health, preventing disease, understanding drug abuse, alternative medicines, health enhancement possibilities, mind and body communication, and much more! Conclusion If you are considering becoming a health coach, earn your health coach certification so you can learn about the best motivational tactics, how to coach your clients, and how to use psychology to help your clients adhere to the program during tough times. A health coach is the best way that you can form a career in the fitness industry that is long-lasting and very rewarding! Read Also: Is Packaged Foods A Good Career Path In 2021? – A Detailed Guide Is Basic Industries A Good Career Path In 2021

Is Homebuilding A Good Career Path In 2021?

Is homebuilding a good career path in 2021? How many jobs are available in home building? What are the best paying jobs in home building? Even during the period of economic decline, the demand for skilled workers has been steadily increasing for more than a decade. If you are questioning if there is a career path for you in home construction then you may win many options that may spark your curiosity. The best part about this career path is that things are always changing, and you will get to learn new trends in the home building sector every now and then. You will also have the opportunity to learn from your professionals and grow in this industry. Is Homebuilding A Good Career Path In 2021? The answer to this question is an absolute Yes. If you are interested in this career path, then the first thing that you need to decide is how much education or skills you require. According to the reports, many have college degrees, some have master’s degrees and the rest have bachelor’s degrees. Other degrees are high school diplomas. Keep in mind, choosing a career path is easy but continuing the same for a lifetime isn’t that simple. You need to be very determined and stay focused on one career and grow from the same. Those students seeking a rewarding career path can consider this opportunity to meet their goals and desires in life. On the other hand, residential construction is one of the few industries where the demand for new workers is rising, and this will even increase in the long run. How Many Jobs Are Available In HomeBuilding? There is a wide range of jobs available in the home building sector. Between 2018 and 2028, there will be more than 80k job opportunities in the US alone, and the career is expected to grow by 8%. Now, let’s discuss the top-paying jobs available in the home building sector. 1. Electrician The electrician is responsible for repairing, maintaining, and updating electrical equipment at a work location. This consists of wiring and installing power sources. Besides, electric utilities or energy can be the best options available in this domain. According to the company and facility requirements, the electrician will document all electrical work, track materials, and complete work orders. They also need to install and maintain motors and electrical equipment such as control of instruments, machines, and lighting. 2. Roofer Roofers are also one of the best-paying jobs in the home building sector. They are responsible for properly installing the roofing material and prevent water from causing damage and seeping into the home. This job is physically demanding and you would learn the complete work on the job training itself. 3. Carpenter Carpenters must have the ability to receive direction and work with and without supervision. To get this position, you may need to show previous experience in commercial metal/steel building erection. According to our research, carpenters earn a median salary of $48,330per year by working $27.01 per hour. 4. Construction Equipment Operator Construction Equipment Operator is also one of the top-paying jobs in the homebuilding sector. These operators adjust levers to heavy machinery, push pedals, and use computerized controls. The estimated growth for this profession is greater than average, and thus, you can consider your career path in the same. 5. Construction Manager Construction Managers make sure that the buyer’s desire house is built to perfection from start to end. In addition, they hire subcontractors and serve as general contractors to perform specialized work. The salary is also very high for Construction Managers and the growth in this career is around 8%. 6. Interior Designer Interior Designers collaborate with builders, architects, and clients to produce safe and beautiful interior spaces. For this position, you may require a bachelor’s degree. However, the estimated growth for this profession is 3% which is lower than the average. The best part about this career is the high salary that you get per hour. Days are spent working with computer-aided design programs, drawing freehand sketches, and reading blueprints. 7. Architect The architect is one of the top career paths in the homebuilding sector. In this sector, you may require a bachelor’s degree in architecture and the Architect Registration Examination to obtain a license. The growth for this profession is around 8% which is more than an average. Besides, some architects help buyers to get construction bids and find contractors. The Final Thoughts Is homebuilding a good career path in 2021? Homebuilding career sectors can be a remarkable career choice for those who are seeking high salaries and rewards. Besides, don’t forget to ask your queries in the comment section below regarding the above information. Read Also: Is Technology A Good Career Path Is Capital Goods A Good Career Path Is Hotels/Resorts A Good Career Path Is Basic Industries A Good Career Path In 2021? Is Home Furnishings A Good Career Path Is Investment Managers A Good Career Path Is Consumer Non-durables A Good Career Path Is Other Consumer Services A Good Career Path Is Other Consumer Services A Good Career Path In 2021? Is Telecommunications Equipment A Good Career Path In 2021?

Benefits of Internship Programs

After graduation when you are ready to apply to your first job, do you think having prior work experience would be helpful in choosing the right career for you? Are you thinking about the best way to gain proper career experience before you have to start job searching? If so, it is probably the best route for you to look into an internship program that will give you real-life experience in the career-world within a particular industry you choose as well as serve as an eye-opener for the type of career you may want to plan for. Even if an internship turns out to not be the career choice for you, you are at least able to narrow-down your career options while boosting your resume in the process. To learn more about how an internship can prepare you for your future, we have taken a deeper look in this article to understand how beneficial internship programs are to students. Adds Value to Resume: Getting a good job in this competitive world is becoming increasingly difficult with each passing day. With how competitive the job search is today, employers are likely to give preference to a candidate that has more experience, either in that particular industry or even just the real-world in general if you are just starting out in an entry-level role. When they see experience listed on your resume, it improves your market value. An internship on your CV provides a good way to demonstrate not only work experience, but that you have developed real-life career skills as well. If you are interested in gaining internship experience while also giving back to your community, you can look into non profit internships from local charities who are also more than willing to give students a chance to broaden their educational horizons. Further, nonprofit internships allow you documented proof that displays all the skills that you have gained during the internship. Adding these skills in your resume helps in sharing your work exposure during an interview. Build Industry Connections: While working in a company during your internship programs, you interact with numerous people that let you network and establish contacts with co-workers. Working in a professional network sometimes also helps in securing a job upon completion of your internship there. You also get an opportunity to attend official meetings that give you an idea about essential career skills as well as office culture. All this experience, along with your degree, helps in reaching the pinnacle of success. When you finish your internship in a company, you will hopefully gain a reference, which acts as an invaluable help when you are looking for a job. Try to be on good terms with your fellow interns and the company in which you are attending internship program. You never know how good networking with in past career experiences can help you with a future job you apply to down the road. Develop Skills and boosts Confidence: Good skills are always preferred for a job. While attending internships, you gain skills and become more presentable. You get exposure before starting your career, and it adds as a benefit. Your confidence level is boosted when you make projects, presentations during your internships. With real-world work experience, you understand your abilities, and that makes you more confident in your job interviews. Career Exploration: You join your college with a career goal. There is a possibility that when you attend the internship, during the period your interest moves on to the subject for which you are taking an internship. So, ensure that the programs that you chose for the internships are relevant to your career interests. These programs also help you in narrowing down your career perspective. As these acts as a deciding factor for you to understand what type of job you like. If you don’t like your program, still you are in a win-win situation. This provides you an opportunity to explore the fields that you like. Financial Help: While undergoing an internship from a company, many industries offer you stipend for your valuable work. This also helps the students who are not financially strong to use the money for their college tuition fee. So it’s the best way of gaining experience and making money at the same time. Moreover, many companies offer the job to the deserving candidates, by the end of the internship. Doesn’t it seem great to have a job before your college ends? Your classroom learning is also enhanced with your work experience from these internships. So, grab a program now to brush up your skills and add value to your CV. Read Also: 4 Ways To Keep Your Top Talent At Work Best MBA Colleges In India Attracting The Best Of Best Among Students

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

What Does Economics Entail?