Today’s global economy bears little resemblance to the simple local barter-and-trade systems of yesterday. It is a vast and intricate system in which a hurricane that affects oil production in the Gulf of Mexico can send ripples through the economies of every nation on earth.
Economists seek to understand this system and use their knowledge to make predictions and decisions.
Economists study the buying and selling of products and services, and analyze the factors that influence these transactions.
“I like using economics to think about and solve real-world problems.” Austin, Economist
Good at math. You should also be interested in making connections between theories and real-world situations and in shedding light on the mysterious. Economists use models to predict the seemingly unpredictable.
Economists can choose from a wide range of employers, from government agencies and nonprofit organizations to consulting firms and universities.