Is economics a useless degree

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HomelyInaccuracy
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#1
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#1
I know an MBA degree doesn’t do much to help with the changing times but what about an economics degree
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zxvs
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#2
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It’s useful insofar as helping you in understanding the mechanisms that make the economy work, and also grappling with a basic history of economics in the world. And it’ll definitely help you land a job in any finance/policy related career if that’s what your question was focused towards.
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HomelyInaccuracy
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#3
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#3
In every aspect you can think of
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HomelyInaccuracy
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#4
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#4
It isn’t my homework but thank you for your time
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HomelyInaccuracy
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#5
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#5
I want to start my business one day and I need to know as much as I can do that I don’t have to pay as many people when I am starting off. Will economics help with that?
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adam271
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#6
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#6
You dont need an economics degree to run a business if that is what your asking.
Will it help you not having to hire people? Probably not. But it depends on the type of business lol.

Learning economics is not useless. You learn things that may seem useless but it gives you a greater understanding of the subject. Whereas if you just self teach everything, you tend to only learn what you feel need to know. You dont get that wider knowledge.
Also you dont get the connections either.
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JOSH4598
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#7
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(Original post by HomelyInaccuracy)
I want to start my business one day and I need to know as much as I can do that I don’t have to pay as many people when I am starting off. Will economics help with that?
As adam271 said a degree in economics isn't a necessity for running a company. An economics degree won't instantly make you the world's best businessman (or businesswoman). That comes from experience which is often best gained by working for somebody else for a period of time and learning the ropes before venturing off and creating your own business. An economics degree will likely help you land a job and gain that experience.

Personally I'd recommend studying for an economics or business degree and working somewhere for at least the first five years of your career (depending on what you intend on doing). Running your own company from day one is risky. It could easily go bust, bankrupt you and cause you a world of problems if you're inexperienced. Having that degree opens your options to work elsewhere if worst case scenario does happen.
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Vertigo_descent
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#8
It depends - if you want to become an entrepreneur, I don't think any degree is going to suffice. Some may teach you a few skills here and there but by and large entrepreneurship is not something that's easily taught.

Where economics is useful as a degree, besides the usual "transferable" skills a degree offers, is in the numerical skillset, as well as the commercial acumen, it confers. It's a very logic-heavy discipline. You'll get out of it what you put into it, but IMO it's one of the least "useless" degrees out there and the skills it develops are in high demand by employers.
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qwert7890
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#9
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#9
Yes, it's as useless as that mini-pocket you have within your pocket (just kidding, sorry )
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HomelyInaccuracy
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#10
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#10
What about industrial engineering
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