Economics: What's going on?
From the Archive
News created: 21 Oct 2010
Satisfying the curiosity and preparing for an interesting career
By Tony Bryant, Associate Professor of Economics, Macquarie University
Economics is something everyone has experience with, whether they are aware of it or not. It's a part of our everyday lives whether it is when we are shopping, working and dealing with customers or buying shares.
Yet it takes those people who have a certain level of curiosity about how the "system" works to study economics at university level. These are the people who look at the supply and demand systems in our society, or perhaps in a foreign society, and ask the question: "What's going on?"
Those who have this curiosity want to develop a better understanding of all the inter-connections within an economy and an understanding of how one economic system might be more effective than another.
For people with this curiosity who are looking to study economics, Australia offers a unique opportunity to learn about this subject in one of the world's strongest and most internationally open economies.
Dispelling the myth
There is often a misconception that economics is a dry, mathematical discipline or that studying economics is irrelevant or trivial. However the experience of studying economics at an Australian university will quickly dispel this myth.
Economics the Aussie way
Every economist has their passion whether it is for microeconomics, macroeconomics, econometrics, health economics, environmental economics, financial economics, or growth and development; however, as a place of learning, a university has an obligation to educate its students on a broad range of economic topics so the student can develop their passion and expertise as they learn.
Many Australian universities avoid a narrow view of the subject and when researching university options in Australia, potential students are encouraged to consider how diversified is the portfolio of subjects that the school teaches.
Economics should be a lively debate about the best way to find a solution to issues plaguing a particular economic system. Are students encouraged to share ideas and challenge the systems that are already in place? This is the sort of education an Australian university can offer, one that not only provides an intellectual experience but also a deeply human experience, along with sound preparation for a number of interesting career possibilities.