[FOOD FOR THOUGHTS] In hindsight, rewatching this 10 months later, I felt like I very much knew nothing about Economics. I just started my MPhil in Development Studies at Cambridge and I realised from my Development Economics paper that what I explained here was predominantly from the neoclassical (or even neoliberal) school of thought. And I had not even realised it! For those of you who are interested in Econ, just know that what I mentioned here is just a very very small tip of the iceberg. Economics is itself is HUGE, and has many schools of thought. I encourage you to read pieces by Dr Ha-Joon Chang - he's my professor at uni and I've been a fan of his work before entering Cambridge. I like that he's proposing bold ideas and criticising many elements of neoclassical / neoliberal economics that's been overused and frankly - they are very much oversimplified. Definitely take this January 2021 version of Viancqa with a grain of salt LOL because she knew nothing back then :)
@@tatendatafireyi7162 good luck! I started uni this year and I fall in and out of love with econ. my perspective has changed a lot but I still enjoy my classes. my degree actually made me fall in love with maths more. but it will definitely be exciting to start studying econ at uni even though it gets difficult sometimes
I'm majoring in Business Administration we study economics a lot specially if we specialize in Banking/Finance (this is what i'm gonna do). Economics as it's own an amazing degree with lots of high paying careers!
I'm a first year economic student and after watching your video it changed my perspectives about this course. Now I feel motivated to keep studying economics. Thanks a lot!.
I am a PhD in economics professor educated in the UK and USA. First in economics, you need to clearly comprehend major theories, second, you might have some level of mathematical skills when you study Keynesian economics. Third, applying economics theories into real lives is important and required to figure out solutions for social issues and economic policies. Also, when you go for higher degrees, you might decide either microeconomics, macroeconomics, or development economics, or others is suitable for you. I studied Business Economics for an undergraduate program, Development Economics at the University of Sussex in England, and PhD at the University of Sheffield in the UK. Economics can be boring and interesting depending on how your lectures or professors take initiative but usually the economics subject limits their abilities due to its theoretical depths. Anyway, good luck to my Econ students. Any questions regarding economics, you can leave some comments. Good luck again to you all🤞
So I just searched econ degree careers on TH-cam and I'm not sure what to do after graduation because I have this fear of like not knowing the work when I do get a job. I'm in my second year and this video really helped ease the anxiety. Thank you,
Even I was a science student- physics,chem,bio and I realized science is not what i love i do not want to get into cells, microbiology , doctors or anything related to science so like you said a lot of factors i.e family members play an important role in your decision..so I wanted to take business as my major but my family did not like my idea and some one suggested why don't you go for economics..I was like yea thats a good idea, i researched about it , i liked it , my parents approved it so i'll soon be joining college for econ major
Indonesian econ student here, yes during high school I was in science class it was not because of passion but just because I have high score on junior high school national exam, peope here tend to thing that science student smarter than social science student. Anyway good vid tho
Im going to school this august and im so excited to study economics and finance,i had to research more about this course and this video is very helpful
Economics is very important. I wonder if there has been a dramatic decline in economics enrolments in Indonesia and what has been driving the fall in size and diversity of Indonesia's economics student population?
I'm reaching out because I'm considering pursuing a master's degree in economics, I'm currently studying BSc Psychology, but I've recently become really interested in economics and I'm thinking about making the switch. I find the subject fascinating. Also, I'm wondering if there are any specific requirements or prerequisites for someone coming from a non-economic background like mine. Any information provided would be really helpful.
All my interests match with yours. Econ, Politics, Philosophy, and Photography. I'm still an O-level student but highly interested in the PPE. Speaking of, I hear people say that it's hard to get a job in the UK as they don't give you citizenship or something. You have to return to your own country after getting the degree. Is that true so?
Yes it is quite difficult but not impossible! Many international students I know who really work hard for their profile & CV end up getting a job here. There is also a post study work visa now that allows you to stay up to 2 yours upon graduation
Hey I'm goona take economics with politics and history as complementary subjects for my UG programme. And I plan to come to UK for doing my pg . So my question is that is it okay for me to do pg in economics in there with these two as my complementary subjects. Or is it compulsory to have maths with economics???
I just started studying economics too :) in my country it’s called National economics, i find memorizing the graphs really hard though. I have no real interest in economics and lots of people have prior knowledge which is off putting. The time they give you to learn a topic is insanely little so it’s very hard to stay on schedule.
There are Bachelor of Arts Econ degrees that involve less maths than the BSc if that is what you're interested in - it will focus more on the social science aspects.
Hi, is there any books you would suggest to read prior to studying economics at university? ive read freakonomics and not sure what to read next? thanks!
I am planning to study economics but I don't know the perfect answer for my interview about what's your plan after studying economics ?😩can anyone help?
hi!! do we need additional maths to study economics in college? because i am only studying economics and normal maths rn in high school but am afraid that i will need add maths to study econs in college.
Hey. I hope you understand what is at stake for someone coming from a low income group countries. I come from India and looking for Employability of couple of degrees from UK. I would be grateful if you would agree to answer.
Hey, I'm a student who studied economics in my O and A levels and I'm looking forward to major economics in my uni. Unfortunately I haven't had A levels mathematics and I lack knowledge about calculous. I have zero knowledge about integration or differenciation. My question is that should I choose to study economics and learn along the way and rely kn my professor to help me out and trach me what I don't know? Or am I just being too ambitious. I hope you look at this comment as I'm about to enrol real soon. TIA :D
I didnt have any knowledge about differentation / integration as well before enrolling in my degree/foundation year. You will do just fine if you practiced a lot, that being said reach out to your friends, lecturers and watch step by step videos on youtube.
@@peachsehunee5123 ahhh thank you that actually helped a lot. I basically had to declare my major first and I'll be starting my classes from 10th of next month and in the meantime I'm trying to learn as much as I can tell frim my friend. Thanks for clearing it out ^^ was really overthinking about this that I might be the only one and fall behind everybody
Did you try to study something else before economics and end up not liking it? (because at the begging of the video you fore-mentioned something like this). Anyways, I started with mathematics and didn’t liked it so this year I decided to change to economics and I think that I made the right decision. Economics is such a diverse subject consisting of so many different branches and professional possibilities, being a mathematician is like one sided thing and I don’t like it.
You are absolutely right. Mathematics is so limited and also literally you can only do teaching with it (mostly people do this). Economics is so broad and we can pursue a lot of different high paying careers.
@@Viancqa German student here🙋🏻♀️ I literally wanna take econ too, there’s a lot of pro and con in doing this but i think after watching your video I made my decision😂
Tbh not sure as I'm not working as an Economist. But from my past interview for a researcher role that relates to Economics (as context this one was for Food Policy and they were looking for quantitative researcher), they really seek your understanding on methodologies and whether you know your statistics and econometrics. Just broadly though. As a fresh grad I don't think the expectation is too crazy so dont feel pressured. One thing I learnt though, try to learn R / Python as well - surprisingly this skill comes in very handy in Economist roles. Hope this helps
Can u please tell what's financial economics is like out there . Here we are just have to go for economics, and the subjects are divided in two parts. One is theory and other is mathematics 🙂
Hi, Mam. I am from Bangladesh. My name is Omme Jahan. I am a student of Economics. I want to go UK for higher studies. How can I go to UK for higher education. Please, help me mam.
Haloo kamu harus ngelampirin beberapa dokumen termasuk nilai rapor, personal statement, dan lain-lain on top of English language qualification (cek video ini ya th-cam.com/video/OYc5K5LzFD8/w-d-xo.html dan th-cam.com/video/xtxM7_IJVjQ/w-d-xo.html). Untuk English language requirement, yes IELTS, TOEFL iBT bisa. Selama pandemi TOEFL iBT Home Edition dan IELTS Indicator juga boleh. Hope this helps!
Both expressions are right, independent of each other, assuming everything else remains the same (ceteris paribus). If you want to examine the relationship then the two will look like they “correct” the market price with their own effect, and stabilise it over time to reach equilibrium. To put it in the crudest way, it goes something like this: when prices increase because demand is high (scenario 2 in your Q), ultimately it reaches a point where it’s too expensive for people to buy and hence people stop buying - demand decreases (scenario 1 in your Q), then assuming supply stays the same then there’s excess supply. To get rid of the excess supply, firms will then decrease price. If it decreases to a point where it’s so cheap that a lot of people are buying it more and more whilst the supply stays, then the item becomes relatively scarcer (more people want it but there’s a limited supply) so prices increase. And so on and so forth. (But of course this is very simplistic and assumes that the said market is a free market, there’s no information gap (perfect knowledge), no barriers, etc. In reality we’re not this perfect haha I suggest reading up Ha-joon Chang’s Breaking The Mould as an alternative framework)
hey ... ur not alone, me also, an Indonesian with natural science background, when was at senior high school, who attended graduate degree on economics. ✌🏻🥲 now, I'm looking for more references for my plan to get to linear on master degree (abroad). pardon my english ✌🏻🥲 pls reply, thnks
[FOOD FOR THOUGHTS]
In hindsight, rewatching this 10 months later, I felt like I very much knew nothing about Economics. I just started my MPhil in Development Studies at Cambridge and I realised from my Development Economics paper that what I explained here was predominantly from the neoclassical (or even neoliberal) school of thought. And I had not even realised it!
For those of you who are interested in Econ, just know that what I mentioned here is just a very very small tip of the iceberg. Economics is itself is HUGE, and has many schools of thought. I encourage you to read pieces by Dr Ha-Joon Chang - he's my professor at uni and I've been a fan of his work before entering Cambridge. I like that he's proposing bold ideas and criticising many elements of neoclassical / neoliberal economics that's been overused and frankly - they are very much oversimplified.
Definitely take this January 2021 version of Viancqa with a grain of salt LOL because she knew nothing back then :)
thank uu
hi, thank you! can you recommend some stuff from Dr Ha-Joon Chang's pieces?
@@angelyn.archive
1) Econ: User Guide,
2) Kicking Away The Ladder,
3) Breaking Away The Mould (journal article)
@@Viancqa thanks a lot!! you're so helpful
I've never seen someone so excited about a supply and demand graph. love this video!
this comment made my day :") hahahaha glad that you like the vid!
that's literally mee😂😂I just love economics
can't wait to study it in university
@@tatendatafireyi7162 good luck! I started uni this year and I fall in and out of love with econ. my perspective has changed a lot but I still enjoy my classes. my degree actually made me fall in love with maths more. but it will definitely be exciting to start studying econ at uni even though it gets difficult sometimes
She founds her passion 😁👍
I'm majoring in Business Administration we study economics a lot specially if we specialize in Banking/Finance (this is what i'm gonna do). Economics as it's own an amazing degree with lots of high paying careers!
is finance and accounting good xx i really wanted to do economics but i don’t have maths alevel
@@user-pw7yw8zm2b Yes finance and accounting both are good majors. Finance also need a lot of math. Accounting itself a "language".
I'm a first year economic student and after watching your video it changed my perspectives about this course. Now I feel motivated to keep studying economics. Thanks a lot!.
Hey... How's your major going... I'm going to pursue my majors in economics honours
I am a PhD in economics professor educated in the UK and USA. First in economics, you need to clearly comprehend major theories, second, you might have some level of mathematical skills when you study Keynesian economics. Third, applying economics theories into real lives is important and required to figure out solutions for social issues and economic policies. Also, when you go for higher degrees, you might decide either microeconomics, macroeconomics, or development economics, or others is suitable for you. I studied Business Economics for an undergraduate program, Development Economics at the University of Sussex in England, and PhD at the University of Sheffield in the UK. Economics can be boring and interesting depending on how your lectures or professors take initiative but usually the economics subject limits their abilities due to its theoretical depths. Anyway, good luck to my Econ students. Any questions regarding economics, you can leave some comments. Good luck again to you all🤞
what was the business Economics undergraduate degree all about? did it teach business building
So I just searched econ degree careers on TH-cam and I'm not sure what to do after graduation because I have this fear of like not knowing the work when I do get a job. I'm in my second year and this video really helped ease the anxiety. Thank you,
I will start studying economics this october and your video makes me even more excited, can’t wait to start studying econ!
same! where will you study?
A UK uni?
@@josephbrennan370 a german one
@@lisamisa1749 tu berlin
@@kkumhuimangjeonjin8691 hey, ich bin auch an der TU Berlin!
Really love your videos!! Another Indonesian here in London studying Economics :)
dropping my first ever comment on a youtube vid to tell u that ure SO cool !!!!!!! welcome 2 wiui we're so lucky 2 have u
AAAAA Faye u made my daaaay!!!❤❤ (btw it rhymes HAHAHAH)
Even I was a science student- physics,chem,bio and I realized science is not what i love i do not want to get into cells, microbiology , doctors or anything related to science so like you said a lot of factors i.e family members play an important role in your decision..so I wanted to take business as my major but my family did not like my idea and some one suggested why don't you go for economics..I was like yea thats a good idea, i researched about it , i liked it , my parents approved it so i'll soon be joining college for econ major
So happy to hear this! Hope you will be enjoying Economics at uni :)
I was a physics/chemistry major too , I’m switching to the economics this year , I find it more interesting tbh
Indonesian econ student here, yes during high school I was in science class it was not because of passion but just because I have high score on junior high school national exam, peope here tend to thing that science student smarter than social science student. Anyway good vid tho
I am studying economics too. Glad to hear this from you.
Thank you so much for this video💕
I’m in the process of applying to uni and really interested in taking econ. This really helped ☺️
Hi viancqa, so happy to see someone from Indonesia here!
Nice video, I hope you keep sharing with us more about your life as an economist student in UK.
Im going to school this august and im so excited to study economics and finance,i had to research more about this course and this video is very helpful
Economics is very important. I wonder if there has been a dramatic decline in economics enrolments in Indonesia and what has been driving the fall in size and diversity of Indonesia's economics student population?
I'm reaching out because I'm considering pursuing a master's degree in economics, I'm currently studying BSc Psychology, but I've recently become really interested in economics and I'm thinking about making the switch. I find the subject fascinating.
Also, I'm wondering if there are any specific requirements or prerequisites for someone coming from a non-economic background like mine.
Any information provided would be really helpful.
All my interests match with yours. Econ, Politics, Philosophy, and Photography. I'm still an O-level student but highly interested in the PPE. Speaking of, I hear people say that it's hard to get a job in the UK as they don't give you citizenship or something. You have to return to your own country after getting the degree. Is that true so?
Yes it is quite difficult but not impossible! Many international students I know who really work hard for their profile & CV end up getting a job here.
There is also a post study work visa now that allows you to stay up to 2 yours upon graduation
Hey I'm goona take economics with politics and history as complementary subjects for my UG programme. And I plan to come to UK for doing my pg . So my question is that is it okay for me to do pg in economics in there with these two as my complementary subjects. Or is it compulsory to have maths with economics???
Oooww...I loved the snow seen..I loved all of your thoughts and even your voice🌿
I wish you all the luck 🍀🤞
Economics student of University of Niš, greeting and love from Serbia. 🇷🇸
❤💙🤍
I just started studying economics too :) in my country it’s called National economics, i find memorizing the graphs really hard though. I have no real interest in economics and lots of people have prior knowledge which is off putting. The time they give you to learn a topic is insanely little so it’s very hard to stay on schedule.
To me math is pretty hard! Im sacred to be an econ major because I don't want to be lost in the maths classes. What is your opinion on this?
There are Bachelor of Arts Econ degrees that involve less maths than the BSc if that is what you're interested in - it will focus more on the social science aspects.
6:05 great mindset
econ: people behaviour to consumption
OMG I LIKE YOUR STYLE OF EXPLAINING THIS HEATED QUESTIONS OF MINE🥺🤜🤛
Although my background is in science, I am pursuing a Bachelor's degree in Economics. I wish I had watched this video before choosing my major!
Hi, is there any books you would suggest to read prior to studying economics at university? ive read freakonomics and not sure what to read next? thanks!
I wish Economics was as fluffy as the snow in her video
This was so helpful! Thanks
Glad that it is! :)
Loved the graph! Did you make it? If so, which program did you use?
Yes! I used Keynote :)
I am planning to study economics but I don't know the perfect answer for my interview about what's your plan after studying economics ?😩can anyone help?
Same 🥲
hi!! do we need additional maths to study economics in college? because i am only studying economics and normal maths rn in high school but am afraid that i will need add maths to study econs in college.
me too , I feel like if we have to do add maths in college it would be better to start now
Financial Economics course ECF350 is wild. That course is tough. It's like financial risk management on steroids
Hey. I hope you understand what is at stake for someone coming from a low income group countries. I come from India and looking for Employability of couple of degrees from UK. I would be grateful if you would agree to answer.
Hey, I'm a student who studied economics in my O and A levels and I'm looking forward to major economics in my uni. Unfortunately I haven't had A levels mathematics and I lack knowledge about calculous. I have zero knowledge about integration or differenciation. My question is that should I choose to study economics and learn along the way and rely kn my professor to help me out and trach me what I don't know? Or am I just being too ambitious. I hope you look at this comment as I'm about to enrol real soon. TIA :D
I didnt have any knowledge about differentation / integration as well before enrolling in my degree/foundation year. You will do just fine if you practiced a lot, that being said reach out to your friends, lecturers and watch step by step videos on youtube.
@@peachsehunee5123 ahhh thank you that actually helped a lot. I basically had to declare my major first and I'll be starting my classes from 10th of next month and in the meantime I'm trying to learn as much as I can tell frim my friend. Thanks for clearing it out ^^ was really overthinking about this that I might be the only one and fall behind everybody
Did you try to study something else before economics and end up not liking it? (because at the begging of the video you fore-mentioned something like this). Anyways, I started with mathematics and didn’t liked it so this year I decided to change to economics and I think that I made the right decision. Economics is such a diverse subject consisting of so many different branches and professional possibilities, being a mathematician is like one sided thing and I don’t like it.
You are absolutely right. Mathematics is so limited and also literally you can only do teaching with it (mostly people do this). Economics is so broad and we can pursue a lot of different high paying careers.
I love your voice 😂 Cheers to other Indonesian studying in Europe👋🏻(not EU:’))
OMG HAHAHA THANK U FOR THE COMPLIMENT!! Where are you based?!
@@Viancqa German student here🙋🏻♀️ I literally wanna take econ too, there’s a lot of pro and con in doing this but i think after watching your video I made my decision😂
I’ll definitely take econ as my major haha
Hello! This year I'm gonna star studying Economics. Do you think an iPad will be enough for economics, or should I go with a Macbook?
how does programing come into play with a masters in economics.... im looking to do atm
I teach economics and I teach business. The subjects don’t always agree. M.
hey do you think it's a good option to major in Business degree and do a minor in Economics?
Do you believe that a good mathematical and quantitative background can boost the career of a economist?
Tbh not sure as I'm not working as an Economist. But from my past interview for a researcher role that relates to Economics (as context this one was for Food Policy and they were looking for quantitative researcher), they really seek your understanding on methodologies and whether you know your statistics and econometrics. Just broadly though. As a fresh grad I don't think the expectation is too crazy so dont feel pressured.
One thing I learnt though, try to learn R / Python as well - surprisingly this skill comes in very handy in Economist roles.
Hope this helps
Hy kembali Lagi 😍😍😍
10.35 How long did you take to adapt where you can communicate with ppl all day in English?
Can u please tell what's financial economics is like out there .
Here we are just have to go for economics, and the subjects are divided in two parts.
One is theory and other is mathematics 🙂
Can i become an investment Banker by majoring in economics, or should i go for finance
Hello
I'm planning to do mba global in coventry university,
Is there any scope in uk?
Heya I suggest exploring their careers page! talent.coventry.ac.uk
Hello! I'm majoring economics. I just want to ask if I can study law with econ degree?
I done my graduation in economics, which university is low budget for MS in UK please answe me....
What books do you use ?
hi would be great if you notice this but what is you course name
I had studied economics
I wish you give me some books of economics
Do you know is that any indonesian student join the LLM program at the law school?
I love economic
Hi, Mam.
I am from Bangladesh.
My name is Omme Jahan.
I am a student of Economics.
I want to go UK for higher studies.
How can I go to UK for higher education.
Please, help me mam.
Which uni does you go to ?
What is media economic
Halo kak, aku mau nnya. Kalo cmn ngelampirin toefl bisa ga ya keterima d Coventry?
Haloo kamu harus ngelampirin beberapa dokumen termasuk nilai rapor, personal statement, dan lain-lain on top of English language qualification (cek video ini ya th-cam.com/video/OYc5K5LzFD8/w-d-xo.html dan th-cam.com/video/xtxM7_IJVjQ/w-d-xo.html). Untuk English language requirement, yes IELTS, TOEFL iBT bisa. Selama pandemi TOEFL iBT Home Edition dan IELTS Indicator juga boleh. Hope this helps!
@@Viancqa makasi kak bantuannya
please answer me could i get a job when i get my bachelor degree at age of 35?
Are you on your masters already??
Love from Portugal 🇵🇹🇵🇹🇵🇹🇵🇹🇵🇹🥇
Can You be My eco mentor As I'm preparing for civil services
What are those books titles pls
Could you plz tell me the scope of msc economics and finance in uk
Can i study msc economics after bcom llb?
What's better economics or business economics
Econ
ceritain cara dapat prasmul beasiswa dong kak
I'm economic students:)
berarti cici udh lulus ya dari coventry?
Helloo aku lulus nya masih July hehe
@@Viancqa oo gtu okee deh, sukses terus ci 👍
Which is right?
The Buyers become less because the price spiked?
Or
The price spiked because there are high demand?
Both expressions are right, independent of each other, assuming everything else remains the same (ceteris paribus).
If you want to examine the relationship then the two will look like they “correct” the market price with their own effect, and stabilise it over time to reach equilibrium.
To put it in the crudest way, it goes something like this:
when prices increase because demand is high (scenario 2 in your Q), ultimately it reaches a point where it’s too expensive for people to buy and hence people stop buying - demand decreases (scenario 1 in your Q), then assuming supply stays the same then there’s excess supply. To get rid of the excess supply, firms will then decrease price. If it decreases to a point where it’s so cheap that a lot of people are buying it more and more whilst the supply stays, then the item becomes relatively scarcer (more people want it but there’s a limited supply) so prices increase. And so on and so forth.
(But of course this is very simplistic and assumes that the said market is a free market, there’s no information gap (perfect knowledge), no barriers, etc. In reality we’re not this perfect haha I suggest reading up Ha-joon Chang’s Breaking The Mould as an alternative framework)
I love you
Mathematics is better major
Who studies in UK after Brexit, ha ha…
Omg snow,
hey ...
ur not alone,
me also,
an Indonesian with natural science background, when was at senior high school, who attended graduate degree on economics. ✌🏻🥲
now, I'm looking for more references for my plan to get to linear on master degree (abroad).
pardon my english
✌🏻🥲
pls reply, thnks
Hey me too,.. let's talk
thankyou so much for the video, it really helped me!! i’m still debating whether to take business economics or business admin tho🥲
Both are great degrees. It just on your choice what you want to do in future.
@@nycto16 thankyou!!
@@Max-by5pd No prob!