Global Economic Studies

If you are a business-oriented individual who enjoys math and science and is intrigued by other cultures, studies in global economics may be the right fit for you. Read on to learn more about this field of study, including career choices and educational programs.

Are Studies in Global Economics For Me?

Career Overview

The field of global economics, also known as international economics, examines trade policies, financial statuses and economic trends worldwide. As a global economist, you'll look at how these varying factors affect the economy within the United States. Your job duties will include researching economic fields, gathering data and presenting it in a logical and understandable format. You may use the information gathered to predict economic growth, estimate future trade possibilities in the world market or suggest policy and financial trade agreement changes. You can work for the government, corporations, research firms and economic consulting companies.

Employment and Salary Information

According to the U.S. Bureau of Labor Statistics (BLS), the mean annual wage for economists was $101,450 as of May 2013. The BLS also reports an average growth in jobs for economists nationwide over the 2012-2022 decade, at 14%. However, with a background in economics, you'll be able to seek a variety of other specific positions, which include market analyst, financial analyst, purchasing manager and policy consultant (www.bls.gov).

How Can I Work in Global Economic Studies?

Educational Requirements

Educational programs in global economic studies are available at both the undergraduate and graduate degree levels. Throughout these programs, you may learn about how different nations are influenced by the economies of other countries, the effects of various trade policies and different international economic theories. It is possible to get a start in global economics with a bachelor's degree, but a master's degree or Doctor of Philosophy (Ph.D.) may be required for more advanced positions, especially within the private sector.

Undergraduate Programs

Bachelor's degree programs in global economic studies can provide you with an overview of the field and may include coursework in microeconomics principles, financial modeling, industrial organization, capital markets, political science and international relations.

Graduate Programs

Master's degree programs in global economics, as well Ph.D. programs, may provide you with more in-depth instruction on various subjects, including global economic growth, the influence of international trade and other international monetary theories. Programs at this level may include courses in statistics, econometrics, poverty and development, labor markets, public control of business and economic analysis.

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