Why Study Economics?

There are at least four main reasons to recommend this fascinating subject.

1. Relevance and interest
Economics has enormous relevance to those of us who seek to understand the society in which we live. It is impossible to avoid making contact with this subject since, along with sport, economics consistently dominates media headlines.

2. Citizenship
Many economic issues touch on the question of citizenship. Here one thinks of the various levels of government responsibility, the matter of foreign investment, the welfare system, the level of defence spending, the environmental consequences of economic development, the recognition of native title or the matter of immigration. It is important to have informed opinion about such topics.

3. Academic skills
More than some school-based subjects, economics is a study that helps us develop wanted and useful academic skills.

4. Career opportunities
Economics has application across a variety of careers. The private sector employs economists in banking, education, journalism, actuarial studies, insurance, retailing, health, sport, administration and management, and marketing. The public sector recruits economists for the Reserve Bank, the Treasury and most government departments including defence, health and trade.

Source: Morris, Richard. Economics Down Under

Introduction

Unit 1

Unit 2

Unit 3

Unit 4

Useful Links

ComNET Economics Classroom

Why Study Economics?