Economics falls under the realm of the new-age social science subject, which helps us to study the financial terms that drive the growth and development of a state. The subject has proven to be mastered by few, especially those who understand math and societal causes.
Therefore, when you learn economics at school, you will see that it is easy to learn and score high grades. However, as you step into college, you will step into the vast ocean. The ideas of macro and microeconomics would force you to quit the major and focus on other subjects.
You need to look at the next section to shed more light on the challenges you will face while studying economics in college. We will discuss the challenges of economic majors.
Challenges Of Graduating With An Economics Major
Challenges And Obstacles to Learning Economics in College are common obstacles for every student. This is because you need to keep learning and engaging yourself to study many chapters on economics. From microeconomics to macroeconomics, you will have a tough time completing it and scoring good grades.
Here are a few challenges that you are bound to face, as stated by an H2 Economics tutor in Singapore –
Greater Use Of Critical Thinking
One of the major issues you will face is the increased usage of critical thinking. As you have to learn many complex subjects, it is comprehensible that you will be dazed and confused. You will have new ideas to simplify difficult learning and build your understanding of economics.
Furthermore, when they ask you to see how the market grows from time to time, you have to do real-time exploration. This can certainly test your waters on creative and problem-solving abilities to counter issues and difficulties. Hence, you will see people feel the pressure and opt out of economics majors.
Less Study Life Balance
When you study economics in college, you can expect a troublesome life and study balance. This is because you need to study constantly to get good grades in the subject. Also, you will get to learn complex concepts for which you need to allocate a major amount of time learning. That way, you will have less time for friends and families.
Hence, you need to live a disciplined life like army people, where you need to have a schedule and follow it with your heart. Consequently, it will allow you to score high in economics majors and have no cases of backlog during your college days. Also, you will learn the value of a healthy lifestyle and studying regularly.
High Tuition Fees
Another challenge that you will face is higher tuition fees. Studying is one of the hardest when it comes to other social science subjects. Studying the subject in depth requires a lab and outside exploration. Hence, you see a higher admission fee to get into the college. It costs 8,000 USD per month besides your miscellaneous fees.
That way, it can rise to 12,000 USD per month, which can affect your bank balance. Furthermore, you must keep a good credit score to get a student loan to get into college. Also, with the rising inflation rate, you can expect a difficult time to complete the loan after graduation.
Issues With The Theoretical Part
Students often face issues with the theoretical part, as it requires a deeper analytical understanding of those abstract concepts. Most students struggle on that part, as various theorists push their own understanding of the subject. It can put pressure on your thinking. Therefore, you see students failing in the theoretical part.
For that, you can take tuition or study from YouTube, where you will find varied experts to ease your fear of the concepts. This is an option rather than just relying on statistics and quantitative economics.
Final Thoughts On Economics Major
In the end, we can say that economics major is a challenging course to graduate from. However, if you have great persistence and dedication, you can graduate with distinction. This will tell the employers about your knowledge and ability to tackle major issues in the company.
