There are many possible options for you to study and research when it comes to the subject of economics. Math is one area that is definitely required to be successful in this field (as John Nash demonstrated).
But I would also look at other areas as a possible way to get more involved in the subject.
One is to pursue a degree in Economics. Many bachelors programs will balance a program which includes mathematics, micro and macro economics, policy analysis, finance and market studies, and economic research.
You can also look at many possible careers, should you decide to pursue a degree an economics. these include:
Actuary: Insurance corporations have a current need for these individuals. They basically apply advanced mathematical and statistical skills to determine and make calculations involving events like fires, deaths, illnesses, and business failures. Like economics majors, they need to consider a great number of variables when analyzing risk profiles to establish a profitable structure for insurance policies. Actuaries also utilize computer software to help with their analyses. They subsequently generate graphs and charts to convey their decisions to members of the management team.
Market Research Analyst: These individuals use the knowledge of industry trends to determine how products or services might perform under specific economic conditions. They are trained to design studies and to gather and analyze data, and they must also be able to quantify results and present this information to clients.
Economic Consultant and Specialist: These individuals use analytical and research skills to perform studies on particular economic scenarios and conditions. They analyze business industry trends to help organizations improve their performance. They work for organizations in a diverse number of industries, including business, finance, healthcare, education, the government, etc...
Benefits Manager: These individuals must be able to utilize numbers, because they evaluate options for pay and benefits. They also research trends in the labor market and assess supply and demand for various classifications of jobs.
Financial Analyst: Individuals who work within this occupation research companies, industries, stocks, bonds, and other investment options for finance departments. This requires using advanced quantitative skills which an education in economics will provide.
Public Policy Analysis: This occupation will research and analyze issues that impact the public and will enable you to submit recommendations and legislation for government action to address these problems. Knowledge of economics will enable you to develop the skills needed to analyze issues in healthcare, taxes, energy, the environment, and international trade policy.
Lawyer: An attorney will utilize use critical thinking and analytical skills to prepare for cases and make articulate arguments in a courtroom setting. Knowledge of corporate law, tax law, antitrust law, personal injury, and medical malpractice involve the application of micro- and macroeconomics.
So, as you can see, there are many areas of business, the public sector, insurance, and the legal profession that you can potentially become involved in to become more involved in economics.
I would research all the various areas of the private and public sector, and determine which one you are interested in pursuing. Your future education could involve classes not only in mathematics, but also in business, public policy analysis, actuarial processes, and other areas which would enable you to develop your math and business skills in relation to the subject of economics.
I hope this has been helpful in assisting you in your future career and education.
Paul recommends the following next steps:
- Research the different occupations in the public and private sector and determine which one would help you to reach your goal for economics
- See an academic advisor at a local college or university and determine which educational pathway to pursue
- Visit a local college employment office and see if there are any internships in areas like insurance, business or other areas which will allow you to get greater exposure to how economics is utilized in these positions.