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University of Cape Town - UCT
speciality: Economics

4.3

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. 

3 Student Reviews

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  • Economics and ...
    Finance
    Wandisa
    University of Cape Town!

    The University of Cape Town offers an ideal combination of academic excellence and a vibrant social scene. The institution fosters healthy competition among students, promoting growth in a mutually supportive environment. It is a highly diverse institution, and you will encounter individuals from various backgrounds on a daily basis. However, one downside is that students and alumni can sometimes take pride in the UCT title a bit too far. If one does not stay grounded and humble, it can lead to arrogance. Nonetheless, I would highly recommend UCT; it was the best four years of my life!

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    Programme: Economics and Finance
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Cape Town
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  • Economics and ...
    Finance
    Wandisa
    UCT

    It is a beautiful University. The campus size and classroom sizes were a comfortable amount for such a big university. The city is also one of the most beautiful cities in all of Africa! It also has an amazing blend of educational competitiveness and social life.

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    Programme: Economics and Finance
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Cape Town
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  • Economics
    Tanaka
    View of table mountain

    As a student at the University of Cape Town, I have been captivated by the beauty of the campus, nestled beneath the iconic Table Mountain with stunning panoramic views. The university embraces diversity, creating a vibrant academic community where students from all backgrounds come together to learn and grow. The professors at UCT are top-notch, offering challenging courses that push us to excel and think critically. Their expertise and passion for their subjects inspire us to explore new ideas and perspectives. The university provides excellent facilities and resources for research, enabling students to engage in meaningful academic pursuits. However, one aspect that stands out is the relatively high tuition fees for international students, which can be a financial challenge for some. Despite this, the value of education and the opportunities available at UCT make it a worthwhile investment in one’s future.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2025
    Delivery Type: On Campus
    Campus: Cape Town
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