Question

Why is it important to your career?

Answer 1

Economics is the study of human behaviour in the world regarding monetary transactions. Or it is the study of optimal allocation of resources so as the best outcome is produced. Learning Economics is important for one's career when the person is going into several directions. All the business analysts, marketing analysts, financial analysts, data analysts use their numerical and data analytical skill to do their job and Economics is a subject which teaches these skills in a more profound manner. Additionally, the working of the Central Bank which needs knowledge on the different variables of the economy is something which Economics provide. This is a subject which helps people to understand the working of the market. It enables investors to understand better the fluctuations of the business cycles and maximise their profits out of it. Furthermore, different policy thinktanks hire Economists who are well versed in the fields of Developmental Economics. People in this field are highly required for making policies and regulating different developmental aspects of the economy. Thus, Economists or Economic Thinkers are required in several fields and therefore it is very useful for one's career path.