Career Options that Come with a Degree in Bachelor of Economics
A Bachelor of Economics degree is perfect for those who have a deep curiosity or interest on the inner workings of the economy such as the laws of supply and demand and the details of globalization. The economy is always changing and a significant development in the economy of any nation can create ripples in international trade. Huge businesses and corporations always need economic advisers to help them make the most out of the opportunities that come their way and avoid or lessen the effects of impending threats.
An economist is an individual who knows the outer and inner workings of the market which allows them to make accurate forecasts and predictions of upcoming fluctuations that may have huge effects on the economic entities. An economist can choose to enter the education sector by becoming a professor. He can also enter the public sector by working in a government office. He can also become a consultant for a private company. Big and prominent companies and corporations however may require a master’s or even doctorate degree.
Micro economists study the laws and flow of supply and demand at the lowest economic unit which is the household. This expert therefore identifies the effects of fluctuations in the supply and demand to a common household and how the prices of goods and services especially commodities are determined and set. He also studies how resources are allocated to the households and how the said allocation affects the economy and the larger units of the economy.
An industrial economist is focused on only one sector such as automobile, energy, lumber, etc. They specialist in identifying all economic factors that affect the particular industry. Not only do they make forecasts of significant events that may happen but they will also make projections of the future of the company. Competitors and the limited resources available are also taken into account and how it is best to manage them without violating any of the prevailing laws and regulations governing the industry.
The study of money and financial institutions is the primary purpose of a financial economist. He studies how money flows from one financial institution to another and how the status of one type of institution affects the other institutions. He is to determine where the money in circulation comes from and how it is distributed and to where it ends up to. He is also to analyse the effects of time and risks to the cash flow.
The currencies are the primary concern of international economists. They focus on the changes in the value of currencies normally pitting changes in the value of the international currency to different national currencies. They study national and international policies that directly and indirectly affect currency values. External factors such as political conditions will also be taken into consideration. They also forecast coming changes and develop ways to counteract the effects of the adverse ones.
Labor and Demographic Economists
A labor and demographic economist is the final employment path a graduate of Bachelor of Economics can take. Changes in the labor force are the center of its work. He takes into account all factors that affect the workforce either directly or indirectly. Even the race and ethnicity of the laborers are considered. They then compile the data and information they have gathered to serve as resources for other more specified studies.