Education is a human right. Everybody must have the right to the education they want and the kind of education that provides the possibility to develop as a person and as a citizen. Education is social inclusion. Education is the access to every kind of information, helping everybody become reflective, critical and self-determinate persons. Education can be considered a lifelong process of developing knowledge, skills, abilities and social competencies. University is as much a state of mind as it is a place. When you become a university student you do more than attend a particular institution, you enter into the world of scholars a world that engages many cultures and reaches through time.
You will be engaging with an intellectual community that has deep roots and just as you will build on the work of others future scholars may one day build upon the work you do. This is serious business. But it is also fun. University is the place where you finally get to learn about things that interest you instead of just giving them what they want. And herein lies the first key to how you can survive and thrive, figure out what interests you and work on that. The best part is that by working on what interests you will be doing something that you really enjoy. As mentioned, university is a different world. Think about it, you have chosen which university to attend, you get to choose your own course of study, and you have actually paid to be here. The amount and type of work differ from that of high school, as does the pace, purpose, and style of your studies. These differences provide a wealth of opportunity but also a range of challenges.
Friedrich August von Hayek said, the curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. The human race’s curiosity has expressed itself in the creation of various fields of study that examine specific aspects of the world around us. The natural sciences like physics and chemistry study the behaviour of the basic particles and elements of the universe and their interactions with each other. The “humanities”, on the other hand, study the creations of humans, such as literary texts and the arts.
Interspersed between these two is economics a social science which deploys a highly quantitative, data-driven, problem-solving approach towards understanding the behaviour of human beings. Economics, therefore, is the field of study that is best placed to track, study, project and predict human behaviour; and as such is one of the most important and relevant skills for the world today, helping us choose wisely when it comes to our personal, social and professional lives.
Outside of all the practical applications related to your career, studying economics has a huge benefit to your overall life. The laws of economics don’t exclusively relate to money or the economy. With a basic understanding of economics you can better understand interpersonal relationships and why people act as they do. You can manage your resources more effectively, knowing when to spend time on certain things and when to abandon something as useless. Economics causes you to apply rationality to your life and treat your time and your happiness as resources that you have active control over. This is incredibly empowering, and in my opinion leads to a happier existence overall.
Why Study Economics? Economics is intellectually stimulating and rewarding as it provides an understanding of the ‘big picture’. A Bachelor of Economics is a degree employer’s value because it teaches highly revered problem solving skills. In order to understand society, the interaction of people, how and why they make decisions and how they value their resources (time, wealth) there must be a coherent framework for discussion. The study of economics gives you the skills to make decisions using a universal framework that can be applied to many situations. You will learn to think logically and analytically, to discuss views clearly in a variety of forums, and to write concisely. The study of economics is a general program within which you are able to specialise in areas of your own passion or interest, including environmental economics, international studies and accounting. Economics (Advanced) are specifically for those wanting a specialised degree with an emphasis on research and advanced analysis skills. Economics is a global language, recognised worldwide; wherever you travel your knowledge and skills will be immediately relevant. People trained in economics are trained to recognize the costs and benefits associated with alternative choices. In addition to this type of critical thinking, deductive and inductive reasoning skills are developed in the process of examining “cause and effect” economic relationships. Economic analyses involve data collection, a literature review, theoretical analysis, quantitative analysis, or some combination of these. The results obtained from economic research are usually communicated in writing, with the form of the write up depending upon the intended audience.
Why Should learners choose a Business Administration Degree ?
The list of business programs you can major in is rather lengthy. Accounting, finance, international business, to name a few. So with all these areas of specialty, you’re probably asking yourself, “Why should you choose a business administration degree?”
Today’s corporations are looking to hire go-getters who know the goals they want to obtain as professionals, once they get their big break in the form of a first job. A graduate with a degree that sounds general, on the surface, might not seem like the best option for impressing your future employer with your drive and enthusiasm. But don’t write off a business administration degree just yet. It turns out that business administration often offers a more direct path to employment than other types of degrees. Why? Here are a few factors that explain the appeal of these programs:
Why business administration degrees are still worth the investment ?
Understanding the basics — A business administration major is exposed to all types of business concepts and is familiar with a variety of strategies and situations that students in specialized majors may not encounter. With such a broad understanding of business basics, you can work for more types of companies and make a greater impact, right away. Graduates sometimes choose to pursue a career in disciplines such as marketing, operations or administration work.
Working for yourself — While other specialty majors help you become well versed in one area of business, what they often never address is the concept of entrepreneurship. A business administration degree will provide you with a background on the basics of operating a business, which in turn many graduates use to found and operate their own businesses. The comprehensive subjects you’ll be taught can create a strong foundation for budding entrepreneurs.
A career in HR — If you aspire to work in Human Resources, then look no further than this degree path. The sheer variety of subjects addressed throughout this program are well suited for the HR field. Upon graduation, you’ll be intricately familiar with the hiring process and understand topics such as employee conflict management.
Prepared for management — By developing a broad range of skills, you’ll be set to take on a business administration management position in many different industries. Managers are often expected to understand all areas of the business, including employee supervision and finance. In the current job market, employers are searching for employees with the potential to contribute in multiple areas of the business — or who at least have an awareness of how their work can impact the rest of the company. This is especially vital in a management role, where the decisions being made impact a company’s entire operations.
Ready to make sales — Imparting such useful abilities as communication skills and marketing techniques, this educational path will make you well versed to handle many sales situations. Solid grounding in these principles will come from business administration classes, helping you become a highly effective salesperson.
Many business administration schools offer this major in a variety of degree levels (associate, bachelor’s and master’s.) Each program provides students with a range of critical skills for today’s business realm. Of course, the higher the degree level, the greater the depth and breadth of skills being taught. Students can always begin with an associate degree and pursue further education if they so desire. Without question, a business administration degree offers a broad range of skills that graduates can apply in a variety of different career paths. You can use this flexibility to move into many different areas of business operations and get a jump on your professional business career.