Benefits of Majoring in Economics
Economics, a very popular college major, helps students develop valuable analytical skills. A major in economics has many benefits, like versatility, relevance and an emphasis on social justice.
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Versatility
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An economics major is good preparation for many graduate degrees and careers, such as law school, business school and many public- and private-sector jobs.
Relevance
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Economic issues like efficiency, globalization and inequality affect everyone in the world.
Social Justice
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Economics addresses meaningful social issues like poverty, unemployment, environmental issues and inflation.
Potential
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The economic approach to analysis is applicable to many other subjects; the scope of economics is expanding to new fields like bioeconomics, law and economics, household-production theory and public-choice economics.
Salary
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According to the 2008 National Association of Colleges and Employers, people who majored in economics earned larger salaries than those who had majored in English, psychology, business or elementary school education.
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