EDUCATION 7 Useful educational websites for economics students What is economics?

7 Useful educational websites for economics students
What is economics?
So the question here arises what is economics? To understand what the subject is and why it is so
imperative to study the subject of economics, we first need to understand what economics consist
of
 
If we look into the dictionaries of the English language, we would find the literal meaning of the
word economics as: “The study of how money, industry, and trade are organized in society.”
(Lebanon, 2020)
 
Economics is usually considered a social science, which uses scientific methods to understand
how the resources that are limited in quantity are exchanged within society. 
 
Economists who are specialists in the subject study theories and techniques useful for developing
policies mainly in government as they have a profound and in-depth understanding of how to
create competence in today’s modern world. 
 
Some of these economists sometimes can role play as great teachers and offer Economics dissertation writing services to new students who have the thirst to learn about the subject in depth. (BAW, n.d.)
 
So, people must be wondering why is economics important. The answer to it lies in the inquiry
of cause-and-effect that is hidden well in the subject. The relationship between the economy and
the general public is key to influencing economic growth. 
 
Economists will look at the risks, evaluate, and modify them for the benefit of the people, the job
market, and society as a whole.
How does Economics study elevate your growth?
Before even starting the debate of whether Economics is a good subject for contemporary
students to enrol themselves in, we have to understand the core concepts of the subject. 
 
Economics is not a subject that can be understood and passed by taking a mere dissertation help.
It is much more intriguing than that.
 
Economics is something which is involved in our daily life, irrespective of whatever field we are
working in. A simple housewife maintaining the expenses of the house is said to be a home
economist since she handles the debits and credits of money in the house.

Economics – a useful tool

With such impacts of economics on society and the surroundings, it is necessary to learn well
about the subject. An economics degree gives the student a high level of both mathematical and
statistical skills along with the ability to apply the learned economic principles and models to
problems in business, finance, and other domains of life including the public sector.
 
If taken more extensively and in deep, economic concepts can be applied to understand the logic
of intricate data and to see how things are associated and related to each other This allows the
economists to have a big picture of the situation and thus, also helps in forecasting and
predictions of the future. (Lei, n.d.)
 
What skills does economics study provide?
Some of the specific skills that a student gets with an economics degree and develops over time
include:
 Communication – presenting ideas in a well-defined framework supported by evidence that uses
complex data
 Numeracy – handling complex data and techniques of mathematical and statistical analysis
 Problem-solving
 Analytical skills.
We give our students and children the tools and resources they need to make qualified financial
decisions and confidently take effective financial action that best helps them meet their basic
human needs and moves them toward fulfilling their personal, family, and global community
goals by teaching them the fundamentals of economics literacy. (Med Kharbach, n.d.)
Econedlink 1
For K–12 students, Econedlink offers a wide range of economics and personal finance
instructional tools. Lesson plans, movies, activities, tests, webinars for professional development,
and many more are among these materials.
You can search for economics resources by subject (such as AP/IB Economics, Business, CTE,
Civics, etc.), grade, themes, resource type (such as activity, article, calculator, lesson, manual,
etc.), and instructional style (e.g., direct instruction, inquiry-based learning, etc)
The Game of The Stock Market
Students in grades 4 through 12 learn about personal money, investment, and the world of
economics through the Stock Market Game (SMG).
Through the Invest It Forward initiative, SMG gives schools the opportunity to host guest
lecturers who are financial experts in their classrooms.
The Teacher Support Center also offers a significant library of curriculum materials, exercises,
lesson plans, and standards correlations that teachers may use to impart practical economics and
financial literacy to their pupils.

Interactive Banking
The Hands-on Banking website provides a variety of tools for financial literacy development and
money management instruction for students.
These resources cover a wide range of topics, such as advice on post-high school career options,
explanations of what, why, and how banks operate, information on loans and credit cards, advice
on financial planning and insurance, helpful hints on managing money, budgeting, spending, and
saving, retirement planning advice, financial independence advice, and many more.
Financial Competencies
Visa developed the free educational programme Practical Money Skills to assist educators,
students, and parents in learning about financial education and taking charge of their finances.
A wide range of resources for financial literacy are available in this programme, including
games, applications, interactive tools, lesson plans, and many more.
Encyclopedia Investopedia
Students can find a list of financial terminology and topics, along with definitions, in the
Investopedia Dictionary. Examples, instructions, and video tutorials are used to accompany these
explanations.
The Council for Economic Education
The aim of the Council for Economic Education (CEE) is to provide K–12 students with the
resources and understanding of personal finance and economics so they can make better
decisions for themselves, their families, and their communities, according to the CEE website.
To assist instructors and educators with their economics instruction, CEE offers a vast array of
materials, workshops, and professional development opportunities (both online and in-person).
The National Council of Financial Educators
The National Financial Educators Council (NFEC) offers the training and materials needed to
promote financial literacy to educators, parents, and community leaders.
A world where people are informed to make competent financial decisions and confidently take
effective financial action that best helps them satisfy their basic human needs and progresses
them toward realising their personal, family, and global community goals is what NFEC aspires
to establish.
References
BAW. (n.d.). Accounting VS Economics: Which Study Can Elevate Your Business. Retrieved from
https://bestassignmentwriter.co.uk/blog/accounting-vs-economics-which-study-can-elevate-
your-business/

Lebanon, J. f. (2020, July 13). Why is it important to study economics? Retrieved from Durham University
: https://www.durhamisc.com/blog/why-is-it-important-to-study-economics
Lei, Y.-H. (n.d.). Economics explained: why you should study it and your career prospects. Retrieved from
University of London: https://london.ac.uk/news-opinion/london-
connection/feature/economics-why-study-
it#:~:text=Economics%20helps%20you%20to%20think,such%20as%20in%20accountancy%20fir
ms.
Med Kharbach, P. (n.d.). EducatorsTechnology. Retrieved from 10 Excellent Economics and Financial
Literacy websites for teachers: https://www.educatorstechnology.com/2012/08/economics-web-resources.html

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