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Social sciences - economics

Updated: Feb 11, 2023


According to Wikipedia, "Economics is the social science that studies the production, distribution, and consumption of goods and services."


Economics is about economy. Economics helps us to better understand and improve economy.


How to best learn economics?


Here are some tips for how to best learn economics:

  1. Start with the basics: Make sure you have a solid understanding of the fundamental concepts and theories of economics, such as supply and demand, market structures, and macroeconomic principles.

  2. Read widely: Read as much as you can about economics, including classic works, contemporary research, and popular books and articles that provide insight into the latest trends and developments in the field.

  3. Practice problem-solving: Practice solving economic problems and applying economic theories to real-world scenarios. This will help you to better understand and remember the material, and to develop your critical thinking skills.

  4. Engage in discussions: Engage in discussions about economics, either in a formal classroom setting, online forums, or with friends and family. This will help you to gain new perspectives on the subject, and to develop your communication and interpersonal skills.

  5. Stay up-to-date with research: Stay up-to-date with the latest research and developments in economics by regularly reading academic journals and attending conferences and workshops.

  6. Find a mentor: Find a mentor in the field of economics who can provide guidance and support as you navigate your studies and career.

  7. Seek out practical experience: Seek out practical experience in the field of economics, such as interning in a financial institution, working on a research project, or volunteering with an organization that deals with economic issues.

By following these tips and dedicating consistent time and effort to your studies, you will be well on your way to gaining a deep understanding of the field of economics.

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What can I do if I learn economics?


If you study economics, you can consider a variety of career paths, including:

  1. Financial analyst or advisor: You can use your knowledge of economics to help individuals and organizations make informed financial decisions.

  2. Economist: You can use your knowledge of economics to conduct research and provide analysis on economic issues, such as inflation, growth, and unemployment.

  3. Financial manager or analyst: You can use your knowledge of economics to work in finance, in roles such as investment analyst, portfolio manager, or financial advisor.

  4. Banker: You can use your knowledge of economics to work in banking, in roles such as loan officer, risk analyst, or financial advisor.

  5. Policy analyst or researcher: You can use your knowledge of economics to work in think tanks, advocacy groups, or government agencies, conducting research and analysis on economic policies and programs.

  6. International trade and development: You can use your knowledge of economics to work in international trade and development, analyzing the economic relationships between nations and promoting sustainable growth.

  7. Educator: You can use your knowledge of economics to become an educator, teaching economics, finance, and related subjects.

These are just a few examples of what you can do with a background in economics. With hard work, dedication, and a passion for the subject, you can find many opportunities to use your knowledge and make a difference in the world.

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Wikiversity is a Wikimedia Foundation project devoted to learning resources, learning projects, and research for use in all levels, types, and styles of education from pre-school to university, including professional training and informal learning.


There are lots of self-learning contents about economics, which you can study by yourself before going into a formal education.



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