Economics is the study of how individuals, households and communities take part in economic processes. It is a social science, and studies how people make choices i.e. studies peoples behaviour. Economics is divided in two main sub-topics; namely Macro- and Micro-Economics. Macro-economics looks at economic issues that affect the entire economy i.e. reducing unemployment. Micro-Economics focuses on specific groups i.e. consumers buying habits.
Skills required: problem solving, critical and analytical thinking, creativity i.e. Our current youth (age 15 – 24) unemployment rate is just above 50%. How can our Government and Private Sector solve the YOUTH unemployment problem in South Africa?
Economics overlaps with many other subjects as it studies people’s behaviour. Possible careers include: Statistician, Actuarial Scientist, Entrepreneur, Business Executive/Manager, Financial analyst, Chartered Accountant, Commercial Law, Tax and Investment Advisor, Politician, Journalist, Community worker, Teacher, Social worker, Tourism operator, Town planner, Banker, Stock broker.