Why students should study Economics (at school and/or through private tuitions)

Whether you do IB, CBSE or A Level, you will be faced with the dilemma of picking subjects in high school. While making the decision, you will have a lot of considerations. Firstly, you would ideally like to pick subjects that increase your chances of getting good grades so that you get through top universities. Secondly, you would want subjects that interest you. Thirdly, your final years at school serve as a trial period for your future studies: you would want subjects that let you explore what you might do at university.

The abundance of choices makes the whole process a very daunting prospect. So, if you have not yet chosen your subjects, here are some reasons why studying Economics at school may be a good idea.

Many people think they can do only either science or art. Yet, university prospectuses seem to indicate that successful candidates in most courses will have a mixture of both. Economics provides you with the right combination of essays and analytical maths that will help you study any course at university.

The kind of economics taught at school is fairly simple. Most courses will not require you to build models or find difficult partial derivatives. Instead, you will spend lots of time learning the intuition behind important concepts, such as supply and demand, inflation, economic growth, etc. You will actually write quite a lot of essays about these topics.

As the course goes on, you will be able to pick and specialise in more interesting areas, such as game theory, labour, and sport economics. Most courses allow you to develop a more practical approach towards economics. It is understandable since one needs to see how the theory relates to the real world before going on to do the subject in greater depth. This is arguably the most exciting bit about economics at school.

You will have to do some maths, but it does not extend beyond simple statistics and arithmetic. Economics at school certainly does not require you to be a genius in order to do it. Therefore, you should get good grades by putting in lots of hard work and following the syllabus.

You do not necessarily have to choose economics just because you want to do it at university (in fact, it is often the other way around). Economics is still a useful subject to do even if you end up choosing Politics, Philosophy, Sociology, Law or History. As Vladimir Lenin (yes, the communist from USSR) once said: "Politics is just a high concentration of Economics." One will have to agree with this statement as most government policies will have some economic basis in them. Thus, knowing some basic economics will really help you understand politics. Similarly, the foundation of economics relates to many philosophical principles (one just needs to point out utilitarianism) and many historical events can be better analysed if put in the right economic context.

Thus, Economics is definitely the perfect subject to do at school. It will prepare you very well for the academic challenges you will encounter at university.

Because you learn a lot of skills and knowledge that you can apply to other jobs or to your personal life after graduation. Learning about interest rates, exchange rates, economic indicators and equity markets can help you make better decisions about investing and obtaining mortgages as adults. The statistical skills an economist gains is used again and again, mostly in business settings. 

Therefore, choosing economics can not only help you gain combined skills of schience and humanities, it can also lead to future benefits including good university admissions and better financial skills. 

If you have already chosen Economics as a high school subject, or are planning to, and require some extra help, please do log on to www.bookatutor.co.in for quality economics tutors. After all, the difference between an ordinary economics student and an extraordinary economics student, is that little extra