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University of Massachusetts Boston - UMass Boston

speciality: Economics

4.5

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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  • Liberal Arts
    Brendan
    Great Education in a Great Location

    I had a great experience when I attended UMass Boston. Classes were affordable and I felt you really got a lot out of your education. They were building newer facilities when I was there, which ended up really giving the campus a modern feel. I would be more than happy if my own children graduated from any of the UMass colleges

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    Programme: Liberal Arts
    Degree: Bachelor's
    Graduation: 2015
    Delivery Type: On Campus
    Campus: Boston, Massachusetts
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  • Public Policy
    avatar
    Grad student at University of Massachsetts Boston

    The UMass Boston has eleven schools and college that offer bachelors, masters, and doctoral degrees. Also, operates certificate programs and a corporate, continuing, and distance learning program. The UMass Boston with 82 undergraduate programs across it 11 schools has popular areas that include business, health professions and social sciences. At Umass Boston I was a graduate student for three years. The diversity of it’s students, the surrounding ocean, the cat walk ( so you never have to walk outside in the cold) . The Professors who are always there for you. The many cultural things going on all the time, because it’s so diverse..During class, I have learned about how to teach using inquiry-based methods. This means teaching not by lecturing, but by guiding students to understanding through questioning and student exploration.

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    Programme: Public Policy
    Degree: Master's
    Graduation: 2007
    Delivery Type: On Campus
    Campus: Boston, Massachusetts
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