A general / simple definition of economics is the production, distribution, and consumption of goods and services. An economics major, will more than likely engage in learning activities that will enable you develop valuable skills including how to analyze complex sets of data, observe and evaluate patterns and trends; extrapolate meaning from data sets, observations and various sources of information, understanding how and why things may or may not work. You are also more than likely to be exposed to tools, software and systems that support research, analysis, decision making, documentation, planning, presentation. And you will have opportunities to develop your writing, speaking, presentation and teamwork skills.
In my opinion these skills are not only foundational and critical for an economics major but they are applicable, transferable, valuable and indispensable skills for all professions and life in general. At the core, economics helps develop understanding and appreciation of relationships and connections, as well as knowledge of how to support the connections with available resources.
I have an undergraduate degree in Economics which served as a well-rounded degree because at the time I wanted to and have had the opportunity to explore / work in different industries (wealth / investment management, marketing and communications, project finance). I eventually decided to focus on a career in risk management and have since earned graduate degrees in business and financial management. Here again, even after several years, my undergraduate degree in economics provided the perfect launch pad.
Best wishes to you!
qiuhua recommends the following next steps:
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Catherine recommends the following next steps:
If you're trying to dip your toes in to see if economics is the right course/major for you to pursue, I'd suggest reading Freakonomics, or listening to the Planet Money Podcast. I would also highly suggest searching through the American Economic Association's website here: https://www.aeaweb.org/resources/students
A first step you can take during your first year as an undergraduate if you're leaning towards pursuing a job in the private sector/business, would be to take introductory macroeconomics and microeconomics courses (usually denoted as something like ECON-101 and ECON-102). If you are still in high school and have time, I'd suggest checking out if you are able to take the AP Macro/Microeconomics courses!
Justin recommends the following next steps:
So to answer the question.......... Economics is a great major. It is a great topic to study and understand (not just for a career, but for your personal life too!), and employers see it as a tough degree which demonstrates your ability to learn and develop yourself. It is broad enough to open up different career paths and many industry segments.