The study of economics is not only about money, but beyond that. It is about the decisions that societies and countries make and the reasons behind those decisions. A student who is studying economics would be able to understand the complex issues such as the poverty, supply and demand, inflation, deflation, stagflation etc. A student of economics would also be familiar with the statistics and other tools used by economists. They can make better financial decisions and also be able to avoid logical fallacies. The degree of economics not only creates great opportunities but also be useful in everyday life.
For international students who wish to pursue a degree in economics, the United States offers various dynamic opportunities. There are top ranking institutes with the best economics courses around the globe.
Being a dynamic subject, the students who wish to pursue a degree in economics in the US should have a good understanding on maths and statistics. The students should be comfortable with writing academic papers. They will soon get used to the words like sunk cost, dead weight loss and externalities.
Students should carefully plan their study in the US. They should research about the universities offering the courses in economics and understand the entry requirements. They should take help of the university website and other resources. Typically a student planning to get admitted into a bachelor degree needs to qualify an English language test like IELTS or TOEFL. He should also be familiar with subjects like maths and social sciences.
One advantage for international students is that the seven of the top ten best schools in economics around the world are in US. According to the Princeton review, University of Yale is considered as the top school in the world to study economics.
University of Chicago stands number two. Generally studying at one of the best schools in the US can be considered as an expensive affair. On an average an undergraduate degree would require a student to pay one hundred thousand dollars as the course fee.
International students find it difficult to manage the course fees as it is very high compared to other schools around the world or even in their home country. But the good news is, there are numerous organisations around the US offering scholarships for promising students. They provide students with impressive academic record with scholarships, which usually covers course fees and other costs. Students can also rely on university funding, but most of the universities will not provide funding to first year students. Students who score good marks in their first year can apply and get university funding. Additionally, students are allowed to work on campus part time to earn extra income.
A student with a degree from one of the best schools will find numerous opportunities awaiting him. A study revealed that economics students earn more salary on an average compared to other social sciences students. Jobs available for someone with a degree in economics include economist, investment banker, data analyst etc.
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