sida1049
Well-Known Member
- Joined
- Jun 18, 2013
- Messages
- 926
- Gender
- Male
- HSC
- 2015
I dropped economics due to administrative reasons. When I first enrolled into uni I was under B. Sci (Adv Maths)/B. Arts, and I wanted to triple major in maths, stats and economics. Since I was going for the advanced "pre-honours" economics stream at USYD, I had to take more classes, and 2.5 years into the degree, I realised that to finish my triple major, I would need to exceed the number of credit points I usually would have, and USYD is very very strict about that (apparently it causes issues with CSP). Had this not been an issue, I would have continued. In fact, I was only two courses short of an economics major! I've technically done enough economics here to amount to an economics minor, but due to more technicalities, I can't make it official (and I wouldn't want to - I'm going for an IT/comp sci minor now).You studied economics but dropped it, correct? May I ask why and what was it like before you dropped? How similar/different is it to HSC economies if you took it? I was considering majoring in economics or finance within my Commerce degree (of course, too early to tell but I already don't see myself studying marketing/administration/HR, leaving me with the more quantitative majors).
Real university/academic economics is very different to HSC economics. HSC economics is very art-sy, essay-based, handwavy and not rigorous. Economics at university, especially at the academic level, feels more like an applied mathematics discipline (or applied statistics, should you study econometrics). At the university level, economics students study economic models. One of the first models you will see in first year is the Solow-Swan model, which as you can see, is a simple equation and studied through basic calculus. Since I'm a maths person, I personally found decision theory and game theory to be the most interesting part of economics, especially at an advanced level, particularly areas like mechanism design, auction theory and social choice. USYD offers a "pre-honours" stream for second and third year economics, where the courses are much more interesting, has significantly more mathematical rigour and is designed to prepare students for economics honours.
However, apart from decision/game theory, I personally lost some interest in economics. Firsty, economics isn't actually that useful for employment. You'll quickly realise that these models are often very theoretical/academic with limited applications to the real-world, and that often the job of an economist is to look at data using basic statistical tools, which is far less exciting than academic economics. I'd even argue that maths skills are much more sought-after in the job market than economics skills. Also, unless if you're studying economics at an advanced level, the content can feel dry. The maths in economics is very simple in first and second year (and often in third year too) because many students who enter into university economics simply aren't ready for maths. For this reason, HSC economics is a very poor representation of real economics.
I realised after first year that I'm simply way more interested in maths, for which my interest have only grown over the years, so I'm pursuing a career in that instead.
Also, notice that I studied economics under B. Arts rather than B. Economics or B. Commerce. I did this for a very good reason: I wanted to avoid the boring compulsory professional development and business units (particularly that of commerce). Not only would they be an absolute chore for me to study, but also they would take up space in my degree that I could instead spend on courses that are far more interesting for me. It sounds like this might be relevant for you too, so this is definitely something you should factor into your decision.
I have friends who studied mathematics/statistics/comp sci in an undergrad degree, and have job offers in data analysis roles.Data science is indeed the field that appeals to me so far, though I'm concerned if undergraduate degrees is enough as I heard Data Scientists usually hold Master's Degrees.... bit too early for me to think about though but just a drawback I've considered so far.
I would like to avoid teaching though as much as I can, it doesn't really appeal to me.
I suspect the reason why many data scientists have masters degrees is simply because that undergraduate degrees for data science didn't exist for them as an undergrad, or that they switched to data science after undergrad (this is the case for someone I know, who studied psychology in undergrad before switching to data science after).
Regardless, if data science is something that appeals to you, computer science and statistics are relevant majors. Mathematics majors are also often sought after by data science roles. If you are unsure and you can only stick with one science major, maths is still a good bet (if you haven't decided yet), simply because it's easier for a mathematician to (self-)study comp sci or statistics, than the other way around.
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