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Academic Skills Required for Study of Economics - Essay Example

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Because virtually all social, political, and economic problems can be traced to these conflicts, the study of economics is important for intelligent citizenship. A student of economics is expected to follow and use both inductive and deductive reasoning and to systematically interpret theory and data related to these issues. It is especially important for students interested in careers in business, government, law, and a variety of other professions.
This paper deals with the study of economics. The paper is divided into two sections. In first section an attempt is made to find out the essential academic skills required for the study of economics. To address the essential skills, various strengths and weakness are determined and discussed. An analysis of weakness in studying economics is made to either turn then into strength or to minimize their drawbacks. The second and final section discusses the importance of economics study in terms of returns or gain (Aims of the Economics Degree Programmes, n. d., pp. 1-3).Economics is an extremely practical subject, an economics degree provides solid preparation for a variety of career in business, government, and the law, as well as for specific areas in education, journalism, foreign service, consulting and politics. The

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Summary

Economics is a discipline that examines reasoned decision making with limited resources. It is a social science concerned with the behavior of individuals and institutions engaged in the production, exchange and consumption of goods and services. …
Academic Skills Required for Study of Economics
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