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If you are just beginning your study of economics, then you may be overwhelmed by all the different economics classes that are available to you. For many new students, they simply feel as if they don’t quite know where to begin. Economics is an eclectic discipline with many different smaller areas of study. Let’s take a look at a few of the most common.

One of the most basic disciplines within economics is microeconomics. You may find that most of what you learn in microeconomics is quite sensible. It deals with economics and finances on a small level - such as at the personal or small business level. You might learn what factors contribute to an individual’s decision regarding whether to save, invest, or consume. You might learn what factors go into a business’s decision regarding which product to bring to the market and in what quantity. You’ll also learn important concepts like the supply and demand curve.

After you learn about microeconomics, you’ll probably move on to macroeconomics. This discipline can often be confusing for students, since it is often approached in a completely different manner than economics at the small scale. You might learn how GDP is calculated and different theories about how interest is calculated in either a free market or a controlled economy. You may even learn about the famous paradox of thrift. This is the apparent paradox amongst mainstream economists that saving is beneficial for an individual, but it is detrimental for the economy as a whole.

Another area of economics that may interest you is how to analyze and put an appropriate value on individual stocks or on the Stock Market as a whole. If you can learn how to do this accurately, then you may be able to gain employment as a stock analyst in the future. It can also help you make important decisions in your own life as you compare different investment opportunities.

There are many more economics classes that you can take besides these. As you get deeper into your studies, you may decide that one area interests you more than another. Just take your time and explore your options.

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