Have you recently completed your degree in an area of economics? Were you ready to tackle the world, but now you are finding that you really don't know which direction will be the best for you? Don't worry, it is actually quite normal to feel that way at this point in your life. The field of economics is known for consisting of individuals who are critical thinkers and who have a strong sense of quantitative skills. Although the growth for careers in the field of economics are expected to grow at a rate that is average among other occupations; however, positions in private sectors of economics are projected to grow at a faster than average rate. It is also important to understand that while an undergraduate degree will make it possible for you to obtain employment in this venue, a higher level degree will be necessary for you to advance to upper level positions.
In the field of economics you can likely expect to spend much of your time studying how individuals design and develop goods and services by distributing a number of different limited resources. For instance, your studies will uncover how to more efficiently use things like labor, land, raw materials, and technology. Although specific job responsibilities will vary from one position to another, you can expect to research factors such as taxation, inflation, material costs, employment rates, exchange rates, and the trends that are associated with business. It is likely that you will then use what you learn about each of these factors to identify trends that exist and to make appropriate predictions based on your studies. Although there are many other employment choices for economists, a large number of individuals in this field are employed within governmental departments.
If you choose to specialize in one area of economics it is very likely that your employment options will be largely expanded. For instance, your chosen area of focus may make it possible for you to work within environmental protection, education, agriculture, or energy. Keep in mind, you will probably want to choose an area of specialty based on your areas of strength within the field of economics. For instance, you may choose to focus in an area of macroeconomics. In this field you will be responsible for researching past trends that occurred in history as a means of making accurate predictions and conclusions about future economic factors (such as unemployment and inflation). Or, perhaps working as a labor economist will better suit your goals and needs. In this position you will be particularly interested in demographic changes and how they affect trends in employment and rate of pay. Another viable area to consider is to work as a public finance economist, in which you would focus on how the government influences the function of the economy. If you are just starting your research and need to find an economics college then start your research here.