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Universidad Mayor de San Andrés - UMSA
speciality: Economics

3.5

What Is an Economics Degree?

Are you passionate about the business and finance sector? Do you follow the national and international news? Then, an Economics degree is the answer. It has always been one of the most sought-after degrees amongst youth. 

Economics degrees are designed to tackle all the issues that have an impact on financial situations, ranging from production to how resources are used. Candidates are trained to understand how the economy suffers fluctuations based on the market’s needs and wants followed by the market’s supply and demand.

By far one of the most crucial elements is that economics is divided into microeconomics and macroeconomic. Microeconomics deals with the economic behaviour at an individual level (companies, buyers, sellers and others), whilst macroeconomics illustrates the bigger picture, on a national or global scale (unemployment, economic growth, inflation and so on).

Benefits of an Economics Degree

Having an economics degree increases anyone’s chances to find a job, regardless of the field. This is mainly due to the fact that graduates hold many transferable abilities, such as analytical and problem-solving skills, that are suitable for any career. 

A study made by the London School of Economics and Political Science showed that graduates from an economics course have a starting salary of £33,000 per year. Having a job in the field right after graduation is a major positive aspect and comes with a lot of opportunities for career advancement.

Economics Degree Structure

Economics degrees are usually a three years commitment and sometimes are offered as part of a joint degree. This means that Economics can be studied along with another subject such as engineering, management, law, computer science and others.

This degree can be found either as a Bachelor of Science (BSc) or Bachelor of Arts (BA). The BSc focuses more on economical theory and statistical techniques, while BA is combined with social sciences and qualitative modules. 

2 Student Reviews

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  • Economics and ...
    Business Economics
    avatar
    Good level of education

    In my opinion, I can highlight the quality of teaching provided by the university’s excellent faculty. Its facilities are also equipped with the most essential elements for learning. Its professionals are highly sought after in various fields; I would highly recommend it.

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    Programme: Economics and Business Economics
    Degree: Bachelor's
    Graduation: 2027
    Delivery Type: Blended
    Campus: La Paz
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  • Economics and ...
    Finance
    Sharon
    Cornerstone of higher education in Bolivia.

    Stands for its academic reputation, it is known for its strong faculties in sciences, engineering, economics, social sciences and law. Its research output is considerable, always with a focus on issues relevant to Bolivia’s development. The campus facilities are not as modern or well-maintained as those in some private universities. UMSA’s libraries, laboratories and research centers may need more technological upgrades. The student population is diverse, giving an opportunity to anyone who would like to grow academically. UMSA has also a growing number of international partnerships and exchanges meaning a great opportunity for its students.

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    Programme: Economics and Finance
    Degree: Bachelor's
    Graduation: 2013
    Delivery Type: On Campus
    Campus: La Paz
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