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North-West University - NWU

speciality: Economics

4.8

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. 

6 Student Reviews

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  • Economics
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    Sheer Volume Of Data Analysis

    Fresh out of high school, I arrived at then North-West University with a head full of dreams and ready to conquer the Bachelors in Economics and International Trade. I visualized the program as a global marketplace – a vibrant space where I’d delve into the complex analysis of trade patterns, and unlock the secrets of international commerce. The experience? It was an enriching rollercoaster ride, filled with the thrill of discovery and the rhythmic click-clack of calculator buttons.

    The course on “International Trade Finance” is the highlight on this academic journey. Gone were the days of dry lectures on trade theories. Instead, the classroom transformed into a mock trading floor, the air buzzing with focused energy as we navigated letters of credit and explored financing mechanisms for international transactions. The rhythmic whir of the projector displayed complex flowcharts, and the room crackled with the electricity of simulated negotiations. This course wasn’t just about learning formulas; it was about applying theoretical concepts to real-world scenarios, a skillset that’s crucial for anyone navigating the complexities of international trade.

    The overwhelming of data analysis, especially in courses like trade statistics and global economics, could feel as overwhelming as a cluttered spreadsheet at times. Prospective students, be ready to hone your quantitative skills – agility with data analysis and a strong foundation in math will be your best weapons.

    The Bachelors in Economics and International Trade at NWU was an experience of intellectual growth and practical application. It equipped me with a deep understanding of international trade dynamics, honed my analytical skills, and fostered a global perspective. It needs people who are willing to dive headfirst into the world of numbers. This program will equip you to grasp the complexities of international trade and become a valuable asset in the ever-evolving global marketplace. Who knows, the next international trade deal or groundbreaking economic policy might just be influenced by the analysis you craft at NWU.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2018
    Delivery Type: On Campus
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  • Economics
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    Learning Experience

    North-West University offers a vibrant student experience with inclusive activities but faces challenges with lectures predominantly in Afrikaans. While translations are available, some may find understanding difficult especially if you are like myself who did not speak or understand the language at all. However, the campus culture fosters a sense of community and enjoyment beyond the classroom, making it an engaging environment for students seeking both academic rigor and social interaction.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Potchefstroom
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  • Economics
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    Helped Set Me Apart In The Cutthroat World

    The BCom Economics and International Trade program at North-West University was no joke! It really put me through the most, but in the best way possible.

    Right from the get-go, the lecturers made sure we had a solid grasp of economic theory – micro, macro, you name it. But they didn’t just throw dense textbooks at us. They actually took the time to break it all down and show how those concepts play out in the real world of global trade.

    That’s one thing I really appreciated about the program – the practical applications. Sure, we crunched numbers and ran econometric models till we were cross-eyed. But we also got to dig into fascinating case studies, analyzing real companies’ trade strategies and policies. It was like a thrilling detective story, but with economics as the culprit!

    Speaking of practical, the international trade courses were where it was really at. We learned the nitty-gritty of trade finance, supply chains, customs regulations – everything you need to know to navigate the crazy world of cross-border business. And let me tell you, negotiating mock trade agreements with your mates was an absolute blast!

    What really set this program apart, though, was the interdisciplinary approach. Economics alone is great, but when you blend it with finance, marketing, and international business management? That’s when the magic happens. It gave us this holistic view of how economic forces, trade policies, and business strategies all intertwine on the global stage.

    Look, I won’t lie – that BCom grind was intense. But when I graduated in 2018, I knew I was armed with skills that would set me apart in the cutthroat world of global economics and business. The program’s perfect blend of theory, quantitative analysis, real-world applications, and that all-important international perspective? An absolute game-changer.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2018
    Delivery Type: Online
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  • Economics
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    Captivated By Intricacies Of Economic Theory

    Looking back on my time at North-West University, I can vividly recall the excitement and trepidation I felt as a fresh-faced first-year student embarking on my BCom Economics and International Trade degree. Little did I know then just how transformative and enriching those four years would be.

    From the very first lectures, I was captivated by the intricacies of economic theory and the complex web of global trade dynamics. Our esteemed professors brought these concepts to life with real-world examples and engaging discussions, challenging us to think critically and question conventional wisdom. It was a far cry from the dry, number-crunching reputation that often precedes economics.

    One of the highlights of the program was myself immersing in a culture and economic landscape which was an invaluable experience that broadened my perspectives and deepened my understanding of international trade frameworks.

    But the lessons extended far beyond the classroom. The Economics and International Trade program at North-West University emphasized the importance of practical experience, and I was fortunate to secure an internship. The internship not only allowed me to apply my theoretical knowledge to real-world scenarios but also provided invaluable networking opportunities and a glimpse into potential career paths.

    As graduation day approached, I felt a bittersweet mixture of accomplishment and nostalgia. The friendships forged, the intellectual growth experienced, and the memories created would stay with me forever. More importantly, I felt equipped with the tools and knowledge to navigate the complexities of the global economic landscape, ready to contribute meaningfully to policy discussions and decision-making processes.

    Looking back, I can say with certainty that my time at North-West University’s Economics and International Trade program was transformative. It challenged me intellectually, broadened my horizons, and instilled in me a lifelong passion for understanding the intricate forces that shape our world’s economies. Whether pursuing a career in policy, academia, or the private sector, this program provided a solid foundation for success and a thirst for continuous learning and growth.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2017
    Delivery Type: Online
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  • Economics
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    Given Me The Chance To Network

    My time at North-West University studying for my BCom Honours in Economics and Risk Management was enlightening and rewarding, setting me up for success in the financial industry. I want to submit a subjectively good assessment that persuasively highlights the program’s strengths as a 2015 graduate.

    The program’s extensive curriculum, which includes a wide range of subjects in risk management, finance, and economics, is one of its strongest points. Faculty members with extensive experience and a strong interest in their disciplines instruct the courses. Their knowledge and direction greatly aided in my comprehension of intricate economic concepts and ideas.

    Additionally, the program emphasizes practical learning heavily. I was able to apply academic principles to real-world scenarios through case studies, simulations, and practical projects. The practical experience proved to be quite beneficial in enhancing critical thinking and problem-solving skills.

    The program’s emphasis on industry relevance is yet another feature. The curriculum is updated frequently to take into account the most recent advancements and trends in risk management and economics. By doing this, you can be confident that pupils are equipped to handle the demands of the constantly shifting financial situation.

    NWU’s campus life is lively and welcoming, offering a variety of extracurricular pursuits and student associations. This improved my learning experience even more by giving me the chance to network with classmates and industry leaders.

    All things considered, completing my BCom Honours in Economics and Risk Management at NWU was a life-changing experience that gave me the abilities and information required to be successful in the financial industry. I heartily endorse this curriculum to anyone interested in a future in risk management or economics.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2015
    Delivery Type: Online
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  • Economics
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    Instilled In Me A Sense Of Responsibility

    Completing my Bachelor of Commerce (BCom) in Economic Sciences with a focus on Economics and Risk Management at North-West University’s Potchefstroom campus has been a transformative journey that has equipped me with invaluable skills and knowledge in the dynamic field of economics. As I anticipate graduation in 2024, I reflect on the academic and personal growth fostered by NWU.

    The BCom in Economic Sciences program at NWU is comprehensive and forward-thinking. The curriculum covers a diverse range of economic principles, theories, and applications, providing a solid foundation for understanding the complexities of the global economic landscape. The faculty members, with their expertise and passion for the subject, have played a crucial role in shaping my academic journey.

    The specialization in Economics and Risk Management adds a practical dimension to the program. Courses in risk management have equipped me with the tools to assess and navigate uncertainties in various economic environments. The program’s relevance to real-world economic challenges has been a standout feature, preparing me to apply theoretical concepts to practical scenarios.

    The university’s commitment to practical learning is evident throughout the program. Engaging in case studies, projects, and internships has provided me with hands-on experience, bridging the gap between theory and application. The emphasis on critical thinking and problem-solving skills has been instrumental in preparing me for the complexities of the professional world.

    NWU’s Potchefstroom campus offers a conducive environment for academic excellence and personal development. State-of-the-art facilities, including well-equipped libraries, modern lecture halls, and research centers, have contributed to a stimulating learning environment. Engaging with fellow students, participating in extracurricular activities, and accessing the campus resources have enriched my overall university experience.

    The support system at NWU is exceptional. Professors and academic advisors are approachable, providing guidance on academic matters and career choices. The university’s commitment to holistic development is evident through various support services, ensuring that students have the resources and assistance needed to thrive both academically and personally.

    As I approach graduation, I am grateful for the education, experiences, and personal growth facilitated by North-West University in Potchefstroom. The BCom in Economic Sciences with a specialization in Economics and Risk Management has not only equipped me with a well-rounded understanding of economics but has also instilled in me a sense of responsibility and adaptability crucial in the ever-evolving economic landscape.

    North-West University’s Potchefstroom campus has been a place of intellectual growth, meaningful connections, and preparation for professional success. I am proud to be an alumnus of an institution that values academic excellence and provides a platform for students to excel in their chosen fields. The knowledge and skills gained at NWU will undoubtedly serve as a solid foundation for my future endeavors in the field of Economic Sciences.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: Online
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