Why you should major in Economics

<p>Dilemma: </p>

<p>I am a Transfer student and I’ve been accepted into UC San Diego and UC Berkeley for the fall of 2012 as an Economics Major. </p>

<p>My question is: </p>

<p>Go to UCSD, maintain a decent GPA and graduate?
or…
Go to Berkeley, struggle to maintain a low GPA and graduate? </p>

<p>Which route should I take? </p>

<p>I mean, come on. It’s Berkeley. But I also don’t want to end up flunking out of the school.</p>

<p>@ayyjeffrayy It all depends on your future plans. If u plan on going to graduate school, go to ucsd (make sure to take Econ/Math). If u dont plan on going for higher education, your undergraduate degree would be pretty important, so ofc UCB.</p>

<p>@ayyjeffrayy wait you got accepted to Berkeley already?</p>

<p>@ieatsharks
Well I applied as just a regular Econ major, because I’m not really good at math. I don’t plan on going to Grad school until I get my first job, earn some money, then I plan on going to grad school.
I don’t even know what kind of career I want to go into :(</p>

<p>@strive101 I was speaking hypothetically if I got into Berkeley. Sorry for the confusion.</p>

<p>Sounds like you want to go to UCB but are scared of the rigor. UCSD may not be as prestigious as UCB but believe me it’s rigorous. If you struggle at UCB, you’ll probably struggle at UCSD. Therefore, go to UCB.</p>

<p>@USMC0311</p>

<p>If I don’t get into UCB, I guess I’ll end up going to UCSD.
However, if I do get in, I think I will take on the bigger challenge of going to Berkeley. </p>

<p>Thank you for your advice.</p>

<p>Are the statements made in this thread still applicable for those graduating within the next three years? According to the BLS, economists don’t have a high outlook, but I’m assuming that they didn’t include the fact that those graduating with an economics degree can work in different positions. If we include the versatility of an economics degree in the business world, what is the outlook economists within the next four years?</p>

<p>Nice thread OP!</p>

<p>nice thread i’m hoping doing Econ & Ross !</p>

<p>So I plan on attending the University of Texas, and as you know the business school is one of the best in the nation. The requirements to get in right out of high school are extremely difficult. So if I don’t get into the business school and decide to major in economics which is part of their College of Liberal Arts, what would need to do to get a job in accounting after I graduate? Graduate school? MBA?
I have no idea what any of that is, I’m still in high school and I probably won’t even get into UT this year.
I’m planning on CAPing Into UT from UTSA and trying hard to get all A’s so that I can transfer to UT McCombs business school after my freshman year. I can’t get a 4.0 because I took 2 extremely difficult dual credit classes my junior year and my college GPA right now is a 2.0 :(.</p>

<p>Sorry if that was confusing I know nothing about all this, basically I’m asking what if I don’t get into the business school like I plan to, what can I do with majoring in Economics to ensure a top accounting job.</p>

<p>So i just read about 9 pages of this thread and can say im honestly considering majoring in economics as opposed to political science (minor in Poli sci instead). Amazing, you are a brilliants person whos passion not only enables you to articulate your argument perfectly, but also helps a person achieve a level of understanding that wouldnt be obtainable otherwise. I love all the statistics, real life examples, and quotes. Bravo!</p>

<p>This thread is pretty interesting :). Now I’m sorry if this stereotype is wrong, but I always considered econ and business majors to be the cause of much of this planet’s demise and degradation. I know that it is wrong to stereotype, but the mindset of an economist is that they will not do something that is not profitable. Charity is not profitable, and neither is sustainability, so in many ways, I find that while these two majors can generate quite a bit of wealth if you get a job with the bureaucracy or with some massive corporation, what exactly do you contribute to humanity? I am studying to become a marine conservationist because I care more about protecting my planet than commodifying it. I don’t mean to flame, I just would like to hear your opinions so that I might not wrongly apply this perceived stereotype to all Econ and business majors :)</p>

<p>I also find it interesting that we also take similar math courses. I’m no math major, but I’m in my third semester of calculus and I might take linear algebra eventually just to see if I can do it.</p>

<p>I was never the greatest student when it came to math in school, nor did I enjoy it at all. Would becoming an Economics major still be something to consider? Same question for a Business major?</p>

<p>So I applied practically to all my schools as an Econ major but I’ve never actually taken a course in high school. I have always been interested in math and social studies, and reading descriptions of Economics made me interested. However, I’m worried that Economics is not going to be for me. Can someone explain the topics learned as an Econ major (not the vague “learning how to make decisions” or “applying mathematical formulas to real life situations”? Thank you!</p>

<p>Economics is the study of how people try to maximize their well being or utility under resource or cost constraint.</p>

<p>Microeconomics is the study of such on an individual or small scale. For example, at what price will a market for a given good or service settle at?</p>

<p>Macroeconomics is the study of large economic systems, like entire countries. For example, if the central bank buys or sells government bonds or changes the interest rate at which it does overnight lending to other banks, what is the likely effect on other parts of the economy (economic output, employment, etc.)?</p>

<p>Also want to study economics buh in high school I didn’t take further math so am guessing its ganna give me hard time in the university so that’s something I need to work on and that joke got me going too…shows that economics is also a thing of the mind</p>

<p>i am currently working on my BA for Economics in Rutgers University. I am a waiter, and just wondering if there are any jobs i should be applying for that you would suggest?</p>

<p>i also have an Associates degree in Paralegal studies, do you think thatll help out in the future too?</p>

<p>You may enjoy reading this article and other blog entrees like…
Want to be stinking rich? Major in economics.</p>

<p>By Stone Garden Economics, on November 6th, 2014</p>

<p><a href=“stonegardeneconomics -”>stonegardeneconomics -;

<p>J Brauer | © Stone Garden Economics</p>

This may of been the biggest eye opening description I’ve never needed to hear. I am currently a freshmen at a small college and plan on majoring in Cyber Security. All my life I’ve loved tech and always will. The classes are amazing and I would love it as a major.
NOW, recently(within last 2 years) I’ve been thinking about how life works. Like if two business wanted to do a deal, why does it takes thousands of papers to figure it out.)
As a kid, in an argument, even with my parents, I would always come back with the same remark, “well technically this…”
when these arguments got into political and company based argument. I always knew the little grain of salt data/info that justifies something. I 100% love thinking like that, trying to predict the future trends and analyzing the past.
I honestly can say, I would love to get up on Monday morning to go to a job like that.

Besides that, lol, I do go to a small school AND want to major in Cyber Security as well. I believe I can, but maybe dual major in Cyber Security or Econ at the small school. Do you think that is worth it? My parents are also shocked about me wanting to change and keep telling me “don’t regret it.” They are the older generation They were the generation just before all these startups that became successful. They believe follow where the trend leads. and those jobs have the highest growth. But thinking about it now, eventually that job need with go down because of the exponential length of password ciphers. So it will go down, so why not go to a field that has average growth, but greatest chance of success. That’s what I need to explain but can’t.

On top of that, even if I am sorta successful, I will still be making a VERY good salary.

Also, (last time I swear) If it does get too hard, I could also minor in cyber security. And as long as it is on the resume, I can show them my skills in tech are better than what my resume says.

Experience>Education??

Anyways that’s my story, can I can some serious advice, I am very confused.

Ah,

Not an Econ major but Econ is a very respectable major. Its not easy and real econ is heavily math based much like engineering. Glad to see a post like this :slight_smile: