Why Study Economics - It's Fun!

Because I enjoy the topic. That's an absolute must to study economics. I wouldn't suggest anyone study economics if they do not enjoy at least some of the topics involved. Like anything in life, you get out of studying economics what you put in. Don't study economics because you think it's the route to a high paying job - you'll likely hate the program so much that you drop out (or fail) and if you do end up graduating, you might find you don't like the jobs your degree has made you qualified for.
That being said, I don't think it's a requirement that you love every aspect of the discipline. I quite enjoy microeconomics, industrial organization, and game theory. Econometrics? Not so much. As an undergraduate there were enough topics I liked that it helped me get through the ones I found difficult or did not really care for.
Terrific Job Opportunities for Economics Graduates
Because there are many opportunities for economics graduates. You are not guaranteed a good-paying job with an economics degree, but your chances are higher than in other programs. One of my interests as an undergraduate was philosophy, but I decided not to major in that because it seemed that the only possibility after completing my degree was law school - which did not appeal to me. With an economics degree you can work in a variety of different fields from finance and banking, public policy, sales and marketing, civil service (government departments, the Federal Reserve, etc.), insurance and actuarial work, etc. You can also go on to do further studies in economics, political science, business, or a variety of other fields. If you're certain your interest is in the business world, a business degree may be a better fit, but an economics degree does open a lot of doors.
Economics Knowledge Is Useful At a Personal Level
Because you learn a lot of skills and knowledge that you can apply to other jobs or to your personal life. Learning about interest rates, exchange rates, economic indicators and equity markets can help you make better decisions about investing and obtaining mortgages. The statistical skills I gained I've used again and again, mostly in business settings. I also learned a fair bit about Microsoft Excel in my first two years in economics, which has aided me greatly.
Economists Understand Unintended Consequences
Because economics teaches students how to understand and spot secondary effects and possible unintended consequences. This may seem relatively unimportant, but it's the most useful thing I've received from my economics training. Most economics problems have secondary effects - the deadweight loss from taxation is one such secondary effect. A government creates a tax to pay for some needed social program, but the secondary effect of that tax is that it changes people's behavior, causing economic growth to slow. By learning more about economics and working on hundreds of economics problems, you learn the skill of being able to spot secondary effects and unintended consequences in other areas. This can help you make better decisions about your personal life and make you more valuable to business; "what are the possible secondary effects from the proposed marketing campaign?" It likely won't help you get a job, but being able to spot and understand the importance of secondary effects, it may help you keep a job or earn a promotion that much faster. Economics Provides an Understanding of How The World Works
Because you will learn more about how the world works. You will learn more about the impact decisions have on the firm, industry, and national level. You will learn more about the impact of international trade, both good and bad. You will discover the effect government policies have on the economy and on employment; again both good and bad. It will help you make more informed decisions as both a consumer and as a voter. Furthermore, I personally believe that having a more economically literate set of bureaucrats, politicians, and journalists would be great for society - so long as they always keep an open mind about what they've been exposed to. Economics, when done properly, shouldn't so much tell people what to think, rather it should give them tools about how to think of things more clearly and realizing the assumptions they may be making.
These are my reasons for studying economics. What are yours? I'd love to hear about them.

Tips for Getting Out of Debt!

To get out of a debt is meant to be very difficult and stressful. People spend all day long thinking about how to survive without bankruptcy. In the following we try to enumerate some ideas and suggestions in order to eliminate debts. The first tip is not to get into debt. It is the easiest but also the most difficult. Don't use for all the purchases your credit card, take on debt only for important things, for instance when you buy home or a car. Sometimes you feel that you earn a lot, but you realize one day that you spend more than your income. When your debt is closed, save 60% of it and enjoy the 40%. You know permanently how much is your debt. Write all the payments, interest rates, balances on a spreadsheet and update it monthly. It makes easier to know how much you pay off. Live with juts one credit card and with only one loan. On your credit card don't have a huge limit, and your loan wouldn't be more than 25% of your income! It is very useful to have an emergency fund. ;There are debt counseling companies, which help you with the debts and loans. They help you in creating a debt plan with the outgoings and interest rates. They work out a credit report. Stop getting into next debt and stop eating in restaurants and pay for luxuries such as Dominican journeys! If your friends want to go out for entertainments talk with them and persuade them that it is very funny to spend Fridays at home together! If you are in a debt and you want to pay off, don't overpay it! Leave money to your daily expenses and don't pay from your emergency found! It exists just it is very necessary! Be prepared for the further expenses which are coming up! In that's way you can avoid bankruptcy! Be aware about your dollars; make sure about your budget! Assemble your cash and pay minimum on every outcome! Don't be competitive mate for your spouse! Those kinds of interests can kill! Be aware about your spending habits and work on developing better habits! If you really want you can get out of a debt! Change your mindset, keep trying! Otherwise you will find yourself in financial debt. You will surely get out of the debt, just don't give up!

The Economy of Romania in and after 2009

Though the future prospects for the economy of Romania looked quite fine during 2008 the question now is how will Romania proceed in 2009 and thereafter?
Though the economy did a good progress after 2000, best to be seen at the GDP of Romania the current question is if this growth is sustainable after 2009 or not – especially when facing a worldwide crisis. But the future prospects for the economy do not depend only on external factors. The internal political and economical frame counts as well.
So let’s have a look on the driving forces for the progresses in the last years. At first, an important part of growth in Romania was more a catch-up effect: if starting from a low level, even small achivements appear like big steps after they have been transformed into percentages. In absolute terms the GDP of Romania keeps being on a very low level, though it is certainly not idle and reached even more than a good third of the European average.
A main issue are extremely large regional disparities in Romania as they don’t improve at all.Thus, a real development is limited to some few economic centers in Romania, but other regions are more or less idle. This issue is quite an important one, as it leaves a lot of resorces of the economy unused.
An important driver for growth and development in Romania has been foreign direct investment. This is tipically limited to the few developed economic centers. That is to say that FDI in Romania keeps being crowded in some developed cities of Romania. As a result the economy has to face sharp shortages on local labor markets, which again set low upper boundaries to the progresses experienced after 2000.In addition much of the FDI in Romania is yet rather labor intensive – not technology based. Hence, using unqualified labor as main input. Of course, there are exceptions (maybe Samsung or Nokia), though the aggregate picture, like comparing the export and import performance of Romania, shows that imports of high end output has a much lesser weight than of such an export. As a result, the trade deficit keeps being huge and growing, so does the current account deficit of Romania. Thus, a great deal of foreign debt has to be paid back in the future – setting also the currency under pressure what can already be observed since early 2009.
Necessary large-scale investments in the infrastructure of Romania and education could push other regions and cities so that they could follow the progresses of other regions in Romania. But the political frame does not seem convincing right now, as the planned projects in this regard haven’t been carried out yet, nor does it seem that they will very soon. The Romanian population on the other hand, lacks making pressure on their government (some 45% took their chance to vote last year at the elections) and accept a strange coalition between a former communist party and a so sayed liberal party.
Putting all this together, Romania seems highly vulnerable to the current crisis 2009, though, some export advantages like for Dacia are also to be observed in early 2009. Growth will certainly continue, but on a much lower level. Estimations for 2009 – 2013 range from a little bit more than 0 – to some 4%. Negative growth is seldomly assumed.
Overall, Romania certainly did great progresses in the past years, and it will continue to do so. However, upper boundaries for the future are currently low as the business environment (such as infrastructure and human capital) need significant improvements. But the political frame and governance are waek, and resemble rather southern italian style. Hence, mezzogiorno is a much more likely scenario for the future, rather than the Hungarian or Czech model. Romania could easily remain an additional case like South Italy in united Europe.
Romania Central will keep writing on Romania during the crisis 2009 in the next weeks.