Why study a Master's Degree in Economics?

Monday, 13 April 2020

If you are interested in studying a Master's Degree in Economics, the University of the Witwatersrand offers this one-of-its-kind master's degree in Economics! Economists are always in high demand as they are in charge of studying and trying to explain a wide and expanding array of activities, ranging from international trade to unemployment and inflation, from investing retirement funds to controlling pollution.

What is Economics?

Economics is a social science concerned with the production, consumption of goods and services, distribution. It studies how individuals, firms, business, governments and nations make choices on allocating resources to satisfy their wants and needs and tries to determine how these groups should organize and coordinate efforts to achieve maximum outputs.

Economists are extremely important as they are constantly studying and trying to explain a wide and expanding array of activities, ranging from international trade to unemployment and inflation, from investing retirement funds to controlling pollution. Economic analysis, both theoretical and empirical, can generate important insights into individual and aggregate behavior and relationships, and help in society's efforts to use scarce resources in a more efficient manner.

The ultimate goal of economic science is to improve the living conditions of people in their everyday lives. Increasing the gross domestic product is not just a numbers game. Higher incomes mean good food, warm houses, and hot water. They mean safe drinking water and inoculations against the perennial plagues of humanity.

What is a Master's Degree in Economics?

It is an advanced degree that focuses on topics of macro and micro economics, finance, principles of industrial organization, public policy and topics in economics and business.

Why study the Master of Commerce in Economics at the University of the Witwatersrand?

The University of the Witwatersrand is one of the best universities in South Africa, do you can be sure that this Master's degree is a top quality programme.

This is a well-known programme across South Africa, famous for enabling its students to become successful professionals in any of the following possible career paths:

• Economist
• Consultant
• Professor
• Policy Analyst
• Budget Analyst
• Market Researcher
• Data Scientist
• Statistician

The research interests of the Master's degree in Economics offered by the University of the Witwatersrand are both applied and theoretical, spanning from financial market dynamics, firm and industry dynamics, political economy, technological institutions, and social welfare issues.