Economics - Counselling Needed

[Anurin]

So, now with the AS results out, I guess I pretty much know which subject I wanna pursue in university. However, I don't really know much about Economics at university level and beyond. What're the different Economics courses offered by universities? I've read terms like Econometrics and stuff, but I didn't really get them. Besides that, what will my job prospects be? Exactly what work would I do after having studied Economics?

 

[Anurin]

No love for Econ?

[MENTION=39471]Blastwave[/MENTION]?

 

[Blastwave]

Well, wait for the vox populi

 

[GhaniKhan]

Looks Like on PG no one knows about Economics
in which case u have left ur choice on Economics i mean cant u select any other Course...

 

[hashmisaab]

I'm halfway through acca ,,and also want to study economics but can't find any programs that suit me !

 

[Hassan Aftab]

I'm halfway through acca ,,and also want to study economics but can't find any programs that suit me !

Economics is already incorporates in certain parts of the ACCA course, hishamisaab. You won't exactly need it as a separate degree. In any case, if you want a MS degree in Economics you can always take up a degree in Economics AFTER your

ACCA but I feel that's pointless.

It's better to do something like CFA instead, which itself constitutes LOTS of postulates of economics.

[MENTION=38771]Anurin[/MENTION]: please list down the exact subjects that you are taking in your A-level college.

PS: I had Economics along with all science subjects (except for Biology) in my A-Level but ended up in the ACCA.

 

[jimmy45]

hi:

haaaaaaaaaaahhhhhhhhaaaa********/*:spammer:

 

[Anurin]

@Anurin: please list down the exact subjects that you are taking in your A-level college.

PS: I had Economics along with all science subjects (except for Biology) in my A-Level but ended up in the ACCA.

I'm doing Physics, Chemistry, Economics, Mathematics and English Language. Of the five, I find Economics the most interesting.

cant u select any other Course...

Can, yes, want to, no.

---------- Post added at 06:02 PM ---------- Previous post was at 06:02 PM ----------

haaaaaaaaaaahhhhhhhhaaaa********/*:spammer:

Dafuq? (wtf)

 

[Hassan Aftab]

I'm doing Physics, Chemistry, Economics, Mathematics and English Language. Of the five, I find Economics the most interesting.





Can, yes, want to, no.

---------- Post added at 06:02 PM ---------- Previous post was at 06:02 PM ----------




Dafuq? (wtf)

By all means, pursue a field that interests you the most. Changing courses just for the sake of it really is a silly idea. Good thing that you find Economics interesting, I can relate to this.

So, now that we clearly know what your interests are, can you tell me how good you are at Math and Physics?

Also, tell me if you have any plans of moving abroad for your Bachelors and Masters studies. Even if you don't plan so now, do you think your folks would be able to finance it easily?

 

[Anurin]

By all means, pursue a field that interests you the most. Changing courses just for the sake of it really is a silly idea. Good thing that you find Economics interesting, I can relate to this.

So, now that we clearly know what your interests are, can you tell me how good you are at Math and Physics?

Also, tell me if you have any plans of moving abroad for your Bachelors and Masters studies. Even if you don't plan so now, do you think your folks would be able to finance it easily?

I'm decent at Math and Physics. Got an A in the former, B in the latter (in AS).

And I don't own no money trees, so no, it doesn't look likely that I'll be going abroad. Theres always a chance that I might get aid from somewhere if I get a good enough SAT score, but the odds are stacked against me. Local universities seem to be my realistic option now.

 

[Hassan Aftab]

I'm decent at Math and Physics. Got an A in the former, B in the latter (in AS).

And I don't own no money trees, so no, it doesn't look likely that I'll be going abroad. Theres always a chance that I might get aid from somewhere if I get a good enough SAT score, but the odds are stacked against me. Local universities seem to be my realistic option now.

Right. So basically, Economics on a Bachelors level is ofcourse a continuation of the Economics studies, simply. It adds mathematical elements to the entire scheme of things, while maintaining your interest in the subject.

It never really gets boring as concepts that follow are things that you can relate to from your previous studies. Econometrics etc. are only part of the whole course, so they are surely NOT something to fear. Economics, on its own, won't exactly earn you any accolades but if you can pursue a dual degree program (eg. Economics and Statistics), it would really prop up your prospects not only in the local but global industry. This combination is one healthy one, I tell you that.

As far as jobs are concerned, people graduating in Economics go on to become Economists, Investment Banking Analyst, Sales Analyst, Portfolio Manager, Marketing Analyst, Financial Advisor, Actuary..there's a whole lot of things that it paves way for.

I would highly recommend you pursue a degree like BSc in Economics and Statistics and then do your Masters in Actuarial Science (a great combination of Eonomics, Math and Stat) which leads you to one of the most respected and rewarding qualifications in the world-one that of an Actuary.

 

[Anurin]

Right. So basically, Economics on a Bachelors level is ofcourse a continuation of the Economics studies, simply. It adds mathematical elements to the entire scheme of things, while maintaining your interest in the subject.

It never really gets boring as concepts that follow are things that you can relate to from your previous studies. Econometrics etc. are only part of the whole course, so they are surely NOT something to fear. Economics, on its own, won't exactly earn you any accolades but if you can pursue a dual degree program (eg. Economics and Statistics), it would really prop up your prospects not only in the local but global industry. This combination is one healthy one, I tell you that.

As far as jobs are concerned, people graduating in Economics go on to become Economists, Investment Banking Analyst, Sales Analyst, Portfolio Manager, Marketing Analyst, Financial Advisor, Actuary..there's a whole lot of things that it paves way for.

I would highly recommend you pursue a degree like BSc in Economics and Statistics and then do your Masters in Actuarial Science (a great combination of Eonomics, Math and Stat) which leads you to one of the most respected and rewarding qualifications in the world-one that of an Actuary.

Actuarial Science might be a bit too much for me.

And Statistics. Hmmm, lets see. I'll be doing S1 this year. I'll give it another month or two before deciding whether I wanna pursue it.

 

[Hassan Aftab]

Actuarial Science might be a bit too much for me.

And Statistics. Hmmm, lets see. I'll be doing S1 this year. I'll give it another month or two before deciding whether I wanna pursue it.

Well, many people find Stats interesting actually. Infact, there are even people who aren't exactly Math likers, rather Math haters, but they love Stat. Personally, I used to like Statistics; although, Mathematics remained a tough nut to crack, sadly.

Even if you feel Stat doesn't interest you at any point, you could always combine Economics with Mathematics and pursue a dual degree in these two subjects which, again, is a powerful combination but I would prefer the former set that I suggested if I were you.

There's still time till you reach your Masters studies so don't rule out Actuarial Science Masters degree just like that, I hope you realize it is amongst the TOP qualifications to date. And truly financially rewarding all the same.
Anyways, for now just fully concentrate on your A2 studies and hopefully if you do well here, you will get admission in a really good university.

I wish you luck in your future endeavours.

 

[Anurin]

Well, many people find Stats interesting actually. Infact, there are even people who aren't exactly Math likers, rather Math haters, but they love Stat. Personally, I used to like Statistics; although, Mathematics remained a tough nut to crack, sadly.

Even if you feel Stat doesn't interest you at any point, you could always combine Economics with Mathematics and pursue a dual degree in these two subjects which, again, is a powerful combination but I would prefer the former set that I suggested if I were you.

There's still time till you reach your Masters studies so don't rule out Actuarial Science Masters degree just like that, I hope you realize it is amongst the TOP qualifications to date. And truly financially rewarding all the same.
Anyways, for now just fully concentrate on your A2 studies and hopefully if you do well here, you will get admission in a really good university.

I wish you luck in your future endeavours.

Hmmm, well, you've given me alot to think about. I'll certainly keep Economics & Statistics as an option. Economics with Mathematics, maybe not. But atleast I have somewhere to start. Thanks alot man.

And on a side note, which local university should I aim for, keeping my course in mind. LUMS? Or IBA?

 

[Hassan Aftab]

Hmmm, well, you've given me alot to think about. I'll certainly keep Economics & Statistics as an option. Economics with Mathematics, maybe not. But atleast I have somewhere to start. Thanks alot man.

And on a side note, which local university should I aim for, keeping my course in mind. LUMS? Or IBA?

Mention not, Anurin. I'd be really glad if I can be of any help to you.

Absolutely, we have to start somewhere. The first time, ofcourse, is the hardest.Bear in mind the fact that even if you take Economics with Math, the math will have components of Statistics within the course just not too concentrated.

Regarding local universities, both IBA and LUMS are really good universities in this regard. Infact, let me add IOBM (institute of Business Administration to the list. You should aim to apply to all three of these.

Starting with LUMS, here's it's BSC Economics program, but I did read a year ago that they were going to start a dual degree program (Economics wwith Math/Economics with Stat.), you must call them up and ask cz that will be better.
Here's the link for LUMS BSc Economics: Undergraduate - Admissions & Aid | LUMS

IBA offers a nice BS Economics and Math. and yes this does fit the choices we are looking for. Here's the link: IBA

Now IOBM offers three courses that might as well suit your needs:

a) BSc Financial Mathematics and Statistics (really strong degree in my opinion as it constitutes many postulates of economics, satat and math): Programs | Institute of Business Management

b)Economics and Finance (Finance really does complement Ecconomics studies pretty well, afterall they're pretty much a branch of business themselves, plus a good way to evade major Math components ): Programs | Institute of Business Management

c) BSc Actuarial Science and Risk Management (Actuarial Science is a mix of many branches be it math, economics, finance, business studies or statistics): Programs | Institute of Business Management

Let me stress once more, there still quite a bit of time before you get into the streamline, but as of now you MUST focus on your studies and your SAT scores. Make sure you are studying day in day out, UNDERSTANDING each and EVERY concept that is being taught to you and actually PRACTISING it on a weekly, if not daily, basis because this really will reward you in future, for sure.
Good scores in SAT and a really good performance here in your A-Level, especially Math, Stat. and Economics, and no university can refuse your admission.

PS: Don't give up 'creative' side activities because they also contribute towards a good CV when going for an interview in a university.

 

[Anurin]

All things aside, how tough would a dual degree course be? Keep in mind that I'm just an average student. I managed only 2 As and 2 Bs in my AS.

 

[Hassan Aftab]

All things aside, how tough would a dual degree course be? Keep in mind that I'm just an average student. I managed only 2 As and 2 Bs in my AS.

You are a good enough student.

You don't always measure your future with where you currently stand.

The fancy big talk aside, your grades really are good enough. Just make sure you are studying hard and practising well, DAILY and it won't be a problem.

Dual-degree programs aren't really a biggy. LOTS of people do them and with Economics, in my opinion, Mathematics, Stat. or Finance is a must really. Plain Economics won't get you anywhere these days.

Having said that, treat dual-degree program like any Minor (Bachelors) degree but the worth it contains is immense.

 

[Anurin]

treat dual-degree program like any Minor (Bachelors) degree

Can you elaborate a bit? I don't really get what you're trying to say here.

 

[Hassan Aftab]

Can you elaborate a bit? I don't really get what you're trying to say here.

I'm referring to the difficulty level of the course.
It's a blend of both worlds and really it is presented in a way that you don't struggle to grasp concepts.