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Economics is the study of money and wealth, how it's produced, and how it's consumed. While not an obligatory subject, it's one of the subjects you can choose to study at school, college, or university.
As it deals with money, students will also learn about business, finance, accounting, and mathematics, which means there are a lot of careers you can move into with qualifications in economics.
With that in mind, let's look at why it's important to study economics, the challenges you'll face when studying this subject, what you can learn about economics while at school, and how online private tutors can help you better understand economics, business, finance, and accounting.
In addition to learning more about the economy, studying economics will teach you about finance, management, business, accounting, and mathematics. There are also some transferrable skills that you'll learn such as communication, problem-solving, how to do your own research, and how to manage your own time.
Whether you study economics at school, college, university, or business school, you'll learn more about how the world works while developing skills that will make you a good candidate for a lot of jobs in finance or business.
If economics was that easy and beneficial, everyone would be attending university and studying it. However, there are some challenges in economics that make it less desirable to students.
For one, students need a good level in mathematics to do well in economics. At degree level, you need a firm understanding of maths. In fact, a lot of university economics courses require an A Level in mathematics so if you don't have maths skills, you're not only going to struggle, but you're not going to be able to get onto the course.
Economics is also very conceptual and it can help students a lot to see economic concepts taught using real-world examples otherwise it can be very difficult learning what's really going on.
The first real experience students can get with economics at school is at GCSE. Anyone interested in studying economics will have the opportunity to learn about it and develop skills in Years 10 and 11. To give you a better idea of what you'll be learning about on an Economics GCSE, we've taken the AQA exam as an example. While each exam board differs, there will be a lot of overlap so this should give you a better idea.
Students will learn about economics in the broader sense and cover how markets work. Learning will cover economic foundations, resource allocation, how prices are determined, production, costs, revenue, and profit, competitive and concentrated markets, and market failure.
They'll also get to see how the economy works by studying the national economy, how the government manages the economy, international trade and the global economy, and the role of money in financial markets.
Once they finish their GCSE, there'll be opportunities to study economics at A Level before moving onto a university course in economics. However, don't forget that you'll still need a GCSE and A Level in maths in order to get onto a lot of the best economics university courses.
While it might seem pretty obvious that experience with economics, finance, or accounting will be good for your career, a lot of students need help with their studies. As with most subjects in school and at university, economics is normally taught to large classrooms of students where the teacher doesn't have the resources or time to tailor the lessons to the needs of each individual student.
This means that even the best teacher will be able to give all their students the education they deserve. With private tutors, a single student can be taught economic skills in a way that works for them. Every minute of every hour spent with the student will be focused on helping them to learn more about economics in a way that works for them.
Not only can they adapt the lessons to their level and experience, but they can also teach in a way that the student finds fun and engaging. Every subject is easier to study if you learn in a fun way.
If you're looking for an economics tutor, you can search for tutors all over the world thanks to the internet. Since academic subjects like economics don't require much hands-on teaching, they're perfect for online tutorials. Furthermore, online tutors tend to charge less than their face-to-face counterparts as they don't have to travel to each lesson and can schedule more lessons every week.
Online tutorials are also rather good for those who live in smaller towns where there isn't an abundance of economists or private tutors. While there may be someone teaching economics in your town, you get to choose from a much larger pool of tutors by looking online.
By having a broader pool of tutors to choose from, you can also refine your search to specific areas of economics. If you already have experience in economics and are looking to specialise, change careers, or need to study about a certain aspect of economics for an exam, you can look for tutors with experience in a particular field.
Superprof has thousands of online economics tutors who can help you with your studies. Don't forget that many of them offer the first lesson or hour for free so you can try them out before you decide on the tutor that's right for you. Use these free sessions to discuss how the tutor can help, how they like to teach, and iron out the finer details of the lessons like where and when they'll take place, how much they'll cost, and how you'll pay the tutor.
On Superprof, payment takes place between you and the tutor so you'll need to work out a way to get their payment to them. Fortunately, online tutors will have a means for you to pay them remotely.
You can discuss directly with your tutor via email or phone. Their contact details are in the left-hand column of the lesson request page. You can then decide with your teacher on the preferred format of classes.
There are a number of possibilities:
A number of tools allow you to exchange via audio and video, as well as to share your screen or your tablet.
24499 tutors offer economics classes online
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The average price for online economics lessons is £8.
This rate will vary based on a number of different factors:
97% of tutors offer their first lesson for free.
Online classes are on average 20% less expensive than face-to-face classes.
From a sample of 2261 reviews, students give an average score of 5.0 out of 5.
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24499 Economics tutors are available here to help you.