Hey everyone (anyone),
I'm currently waiting to go to university later this year to begin undergraduate study. I haven't chosen my course yet, but have two strong choices - both linked to economics.
I need some advice regarding how important a founding in economics is for my future career ambitions. I am very interested in sustainable development and development in general and hope to specialise in these areas later on. How important is microeconomics and macroeconomics in giving me a good foundation for a career in the sustainable development spectrum? One course I am considering does not include macro or micro economics and i am slightly concerned by this, yet it does include environmental economics.
All help/views is appreciated!
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Gaining a strong foundation in economics before specializing? watch
- Thread Starter
- 04-04-2013 22:24
- 04-04-2013 23:18
Issues about sustainability and development are all about scarcity and resources, and economics is the study of scarcity and the allocation of resources. So I think studying economics really gives you a great background, it gives you a framework for how to think about resource problems in a logical way and start to figure out solutions. I would say you are better getting a solid background in core micro and macro first. If you have studied 'intermediate level' micro and macro (roughly equivalent to 2nd year undergraduate, the type of stuff covered in a book like Varian or Perloff for micro, or Blanchard or Mankiw for macro) then you will have enough of a core grounding. Then its easier to pick up more advanced material in stuff like development, environmental or energy economics.
Bear in mind I'm an economist myself and so probably am biased, maybe you will get other views from other people, but I find that people with economics degrees have a certain confidence and clarity in approaching problems like this which is why they are so prevalent in public policy.