Economics is the study of how financial resources are used and applied across personal, public and corporate fields. The 21st Century has seen an increase in the pressure on resources and the administering of funds. There are more economic issues than ever before, meaning the education of economists is all the more imperative. As well as the obvious focus on money and finance, an economics degree will also allow you to explore the social side of financial situations, meaning that you will graduate with many transferable skills.
An undergraduate degree in Economics will normally give you a good foundation knowledge of economics as a whole. You will study modules that cover production and consumption, the distribution of finances, and the law, psychology and history of economics. There are two major elements of economics; microeconomics and macroeconomics. Microeconomics is the study of individual bodies, such as households or companies. Macroeconomics is the study of entire economies, on a global or national scale, and it looks at issues such as unemployment and inflation.
Your economics degree will mainly be taught through lectures and seminars. There may be opportunities for you to take part in group projects. These will give you an insight into what working in economics may be like. Some universities may offer an optional module of a placement, but this is not guaranteed.
Austria offers not only well ranked, high quality universities, but also incredibly fair tuition fees, making it a great destination for an international student looking to study abroad. The country has created some of Europe's finest philosophers, and many world renowned scientists and writers have chosen to call Austria home. Austria's location in Central Europe makes it a great place to live and study, with amazing scenery and modern, bustling cities.
Bachelor's degree in Business and Economics Bachelor Degree
Vienna University of Economics and Business Austria
Find out moreWant to see postgraduate courses? See postgraduate degrees in Economics in Austria
Don't meet the entry requirements for these courses? Learn more about pathway programme options.
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