Video Outline: Intro: 0:00 My Difficulty Score: 1:55 The Math: 3:50 What Makes Econ So Difficult: 5:38 The Non-Math Info: 11:21 Closing: 12:48 Comment Below: What are your thoughts on the difficulty of an economics major? Do you want to learn about personal finance/investing and making money without all the hype you find here on KZfaq? Then subscribe for new videos every Monday, Wednesday, and Friday! Thank you for checking out my channel and I hope you have an amazing rest of your day! (:
@Brian-dn3vp Жыл бұрын
Just graduated from Wisconsin with an econ degree and I completely agree with your analysis. I like your mind map idea, I did a similar thing to get through my classes. My advice is to think about how you would explain the problem to a non-econ friend and solve from there. Simplifying the problem usually makes choosing the correct analytical approach A LOT easier. Also, never waste time trying to memorize everything: seeing the patterns and understanding how different variables interact will get you the answer anyway. I think that distinguishes the people who get through the major and those who don't. The people who can't hack it are usually just making the mistake of trying to memorize everything.
@AimeeryDC3 жыл бұрын
I am a BS econ freshman and I needed help and literally looked up "Why is economics so hard?" in the middle of my problem set and I found your channel T^T
@calvinraab87983 жыл бұрын
Best of luck to you! I have struggled on problem sets many times in my college career! You can do it!
@MicahErfan3 жыл бұрын
same
@thiagoferreira27283 жыл бұрын
Great video! You really calmed me about the math. I feared it would be something extremely hard I wouldn’t understand, but since the problem is the amount of steps, studying a lot will solve the problem.
@Max-by5pd3 жыл бұрын
Thank you so much for this video, really appreciated it!! I'm still confused in choosing between business administration or business economics for my university major but this enlightened me up💗
@sbombfitness2 жыл бұрын
I'm an economics major who's in his 4th semester of college, and it's been pretty easy so far! I have to take Calc 2 next semester but am not too scared cuz Calc 1 has been pretty dang easy so far
@Sam-cv5gd2 жыл бұрын
Make sure you know you trigonometric game. It will come in Calculus 2.
@byronpayne28292 жыл бұрын
I heard calc 2 is by far the hardest calculus class, do you find that to be true?
@ksjb853 жыл бұрын
Nice. I'm An Economics major as well. Also a senior (non traditional) and graduate in Spring 2022. For me the math isn't too crazy as it's straight forward like you said. I love statistics and that gets me through a lot. Also, Economics IMO has some of the best electives: Public Finance, Money and Banking, Energy Economics ect,. Those all make the major doable for a lot of people. The great thing about Economics is that people think it's super hard which reflects great on the people who have a degree in it lol. Also, I too plan on getting an MBA in Finance and opening up more doors. Nice video!
@calvinraab87983 жыл бұрын
Very well said! Thanks for commenting! And yes there are some very interesting electives for econ!
@abigailnembhard94892 жыл бұрын
I’m here confused if I should continue majoring in economics or should I switch to business administration where I can major and minor in something…
@ksjb852 жыл бұрын
@@abigailnembhard9489 I’d shoot for an Economics degree and beef up on the math/stats and comp sci. IMO a business admin degree doesn’t get a whole lot of respect. An MBA is good when you concentrate in something (Finance, Accounting, Strategy, ect). If you don’t plan on going to grad school then Econ/Finance, Econ/Math and Finance/Comp Sci are all good choices
@abigailnembhard94892 жыл бұрын
@@ksjb85 well okay… But I personally believe economics is for brilliant people😂 I think if I have help in some areas of it, I would be better off
@ksjb852 жыл бұрын
@@abigailnembhard9489 Cool, I’d maybe look into a Finance degree as well. It’s less math but still good options. But remember, that “Economics is for brilliant people” could apply to you once you get the degree 😉
@bethelhemsolomon4230 Жыл бұрын
Thank you for your video. I am watching this two weeks away from university entrance examination and i haven't decide what my major is gonna n be but i think economics is the one and i wish UCLA will be my home soon( im not in states, im hoping to start application process to UCLA). I will gladly receive if you have any advice on my upcoming application.
@IsalKamara2 жыл бұрын
I'm a junior and an Econ major but I don't like math that much, honestly I don't remember a lot of calculus and I've never taken multivariable calculus because it was never a requirement for me.
@brightmulenga11343 жыл бұрын
Math, Econometrics, financial Economics and maybe Intermediate Micro Economics
@goldenfighter19863 жыл бұрын
I want to know how big of a jump in difficulty is going from Principles of Macro/Microeconomics to Intermediate Macro/Microeconomics?
@Guldmann2663 жыл бұрын
It's relatively large. But if you have a solid grasp of your math pre-reqs, you should be fine. It's essentially a merger between your "mathematics for economists" classes, and your intro classes. An example from microeconomics: In intro to microeconomics, you find consumer and producer surplus through calculating the area of triangles. In intermediate microeconomics, it is done through the use of integral calculus. I can't really say much about the jump from principles to intermediate macroeconomics, because my intro to macro-economics class used an intermediate level book ("Macroeconomics" by Mankiw, rather than his intro-level "principles of macro-economics"). Intermediate macro isn't really all that hard, but it definitely uses more math. However, in macroeconomics, the big jump is definitely the jump from intermediate to advanced. That jump is so large that my university offers 2 classes in "introduction to advanced macro-economics", before you take advanced macro, haha.
@preyaanray84183 жыл бұрын
@@Guldmann266 That's a great explanation , Thank you. I follow Mankiw aswell even though my Uni dosent use it. It's just such a great book. I was thinking of doing a minor in econ and my next subject is intermediary microeconomics & macroeconomics. I have a weak base in maths but a good base in economics. What do you recommend?
@Guldmann2663 жыл бұрын
@@preyaanray8418 Have you followed Mankiws intro book or his intermediate book? I skimmed his intro book, and it seems very basic and intuition-based. This is not necessarily a bad thing, but be prepared for more math-based models in the intermediate version. Econ can be considered hard for two reasons: you need to both understand the math and the intuition at a pretty decent level to be able to do the assignments. When people struggle, it's usually due to gaps in one area or the other (as talked about in the video). How much math have you taken? Hopefully at least some calculus classes or a "mathematics for economists" class, if your university offers one of those. Advanced math isn't needed for intermediate level, but you should definitely have a strong understanding of high school algebra (how to manipulate functions, fractions, finding the inverse of functions, etc.), and at least a rudimentary understanding of calculus. For differential calculus you need to be able to find derivatives of functions and finding extremas. You also need to be able to do this for multivariable functions, and for functions subject to constraints (where you use the Lagrange multiplier). Depending on whether or not your university has a dedicated mathematics class for economists, they might teach you this in intermediate micro, or they might gloss over it quickly. For integral calculus, you just kind of need to be able to calculate area with integrals. A good place to learn is Khan Academy. I spent a couple of months getting 100% in algebra 1 and 2 before starting (this will take quite a lot of time, probably around 100-150 hours if I recall). The skills learned in those classes should really just be second nature. I haven't used Khan Academy for Calculus, but I'm sure it's decent. Don't get intimidated by the math. If you struggle with some math during class, make sure to put aside some hours to really learn it. Especially optimization, which is what economists does the most. If you want to learn econometrics (which I strongly recommend), having taken linear algebra first is probably a good thing. Some intro to econometrics classes gloss over the linear algebra-rich theory, though. But at the end of the day, each university is different. Never be afraid to contact your professors and ask them about what you should have a solid grasp of before starting the class, and what will be explained during class. I hope I didn't scare you away from anything. Economics is not super hard if you put in the work, and the math should be reasonable for most students.
@matthewbrown61633 жыл бұрын
I chose Accounting & then shifted in Risk Management via a Science Degree. If I had studied Economics I could have gone straight into Risk Management - 20 years too late I guess.
@_blagh36212 жыл бұрын
I have studied economics, and I am trying to find out how can I get into Finance jobs and Risk types of jobs. Could you help me? And offer some advice 🙏🏻.
@matthewbrown61632 жыл бұрын
@@_blagh3621 I should have studied Economics if I wanted a direct path. But I changed careers years later on. Accounting & Economics are the most flexible of business degrees. I knew after a few years in Accounting I wanted more. In the 90's I consulted with 1 of the big 4 banks & loved the huge salary increase as well as the ever changing landscape. Needing to complete further studies was a bummer but gave me the knowledge to follow ANY field. I wished to pursue. Consider this, those who worked in the auto building industry were replaced by robots. Risk Management is a very solid career as you work with a host of people. You may consider working in Insurance as the choices of PLAN A may be better than PLAN B & then you show the reasons why Vs costs.
@hunterpolhemus62503 жыл бұрын
I studied economics and math and I would call it a 75 so close to what you said
@calvinraab87983 жыл бұрын
Thanks for giving a grade!
@saraijacobs69663 жыл бұрын
Would you please recommend helpful books for economics? Mostly those with alot of mathematics because I seriously struggle with the math behind the concepts
@darkkitty223 жыл бұрын
Please tag me when someone responds😭I’d like some suggestions too
@jddonmoyer24892 жыл бұрын
The wealth of nations
@kalissa84903 жыл бұрын
Wow! Thank you for your honest opinions! I was wondering if you are working toward an Econ BS or BA? I know the course requirements are a little different. I’m planning to get a B.A. in Econ and it would just be nice to know if I am comparing my possible future experiences more exactly or more similarly. Also, would you mind making a video on how you create your mind maps? That looks like a really good study tactic and it would be nice to be able to incorporate it into my own study habits. Thanks a bunch! This was a great video!
@calvinraab87983 жыл бұрын
I am receiving a BA, UCLA doesn't have a BS in econ. And great idea with the mind map video idea. I will add it to the list! In case you are wondering, I use draw.io for my mind maps. It connects nicely with Google Drive and I really like it.
@kalissa84903 жыл бұрын
@@calvinraab8798 thank you!
@azrap10543 жыл бұрын
Having difficult choosing between double majoring Econ & Finance or going for Honours Econ. Any thoughts?
@mouinemhb49603 жыл бұрын
double majoring sounds way better
@azrap10543 жыл бұрын
@@mouinemhb4960 decided to take a completely different route, now more orienting toward tech, minor stats, will do some graduate studies, doing honours rather the the double major
@yesihavealastname15622 жыл бұрын
my professor told my sister the best thing to do is double major in pure math and economics. a BSc in pure math which is geared towards statistics, and a BA (not BSc, but BA) in economics will give her the best chance in the business world. he says the biggest mistake people make is thinking that grad school (a master's) in economics will make them stand out after they do their bachelors. NOPE! he says the double major in math and econ is better than a bachelor's and master's in econ.
@equhartrandall85102 жыл бұрын
I'm taking economic andIm not catching on to it and I don't know what to do.I'm studying hard and I'm still not getting it. What to do?
@antoinettemulenga2 жыл бұрын
What are not not " catching on " to it ? I would like to know to help, I have taken some Econ classes so far and passed with As, just not sure what particular section you’re having trouble with. I have to say there is a lot of concepts and have to keep up.
@user-ic9zm1dc7m Жыл бұрын
How much you will give to electrical,mechanical or civil engineering on a hardness scale of 0-100?
@IsalKamara2 жыл бұрын
Could you also make a video about minors that pair well with economics? Personally I don't want minor in finance or business administration.
@John-yo4sz2 жыл бұрын
Usually those are minors with hard skills attached to it, such as: Comp Sci and stats
@dillonoconnor30832 жыл бұрын
ECON at UNC or Finance at Ohio State? UNC is obvious better school but the math in econ scares me and I don't wanna take a foreign language and other gen eds
@nimishraje4932 жыл бұрын
Would it make sense double majoring in accounting and economics? Or is that useless?
@inamoka123452 жыл бұрын
Try econ and tech considering econ is already math oriented, prolly can become an analyst or actuary after grad
@sabelo83122 жыл бұрын
what minors do you recommend to take with an Econ major
@mouinemhb49603 жыл бұрын
oh well its fked time to turn to plan c and transfer to another major
@FullRewardMinistries3 жыл бұрын
Notification squadddd
@calvinraab87983 жыл бұрын
Love it! Thanks for turning notifications on! :)
@Lazymath007_3 жыл бұрын
Do you do any double major or minor with Econ?
@calvinraab87983 жыл бұрын
I am just econ. Thanks for asking!
@mikyllagatoc00132 жыл бұрын
Can I still take Economics even if I’m dumb in mathematics?
@antoinettemulenga2 жыл бұрын
Trust me, I absolutely hate math but have passed stat with an A and Cal with a B+ and my Econ classes with As. I don’t even know how it’s possible but I’m not complaining, as long as you’re willing to learn. It is frustrating sometimes especially if you’re new to the subject. & you’re not dumb, like at all.
@sunnykim9917 Жыл бұрын
Depending on the school ranking and the level of your peers you can survive.