ENTER scores

[costargh]

While economics helps many things, I would never, ever, ever study it.

Do you even know (without googling) what Economics is? It's only once you start your study of Economics that you realise the scope of the task you are dealing with. Maybe that's why the first chapter in VCE Economics is "What is Economics?" and possibly this trend continues into University.

[Rietie]

I don't care what it actually is, it's yucky I tell you!

[AppleXY]

Good luck managing your mortgage and investments without having proper economic knowledge

[Rietie]

That's for my future husband to do
Hopefully I'll find one somewhere. Otherwise I'll get humphdogg to work it all out for me.

And what do you mean investments??? What investments?

[costargh]

Your investments... external factors may influence where you invest your money as some factors may cause your investments to achieve a less than desirable ROI (Return On Investment).
Eg. What sort of shares you may purchase etc.

[Rietie]

Why would I buy shares in the first place?

My parents don't have shares, why do I need/want them?

And just thinking, regarding investments made by my bank with my money - I would just choose environmentally friendly things to invest in (or whatever). I think my mum's about to switch all our preferences in investments with our bank to environmentally friendly choices.

[costargh]

Having shares is just an example. Ultimately if you have a desire to make big bucks you definitely need some sort of investment. It could be in Real Estate (Residential or Commercial), Shares, Bonds (Don't know how much these are used nowadays), even investing in a business venture. Its a way of making your money work for you rather than working for your money.

Edit: Further elaboration is left to Prav. Financial guro =P

[Collin Li]

Good luck managing your mortgage and investments without having proper economic knowledge

Well, my mother has a great financial mind and she wasn't formally educated in economics (or beyond year 10, for that matter). You might love money and economics, but by relating economics to financial concepts like mortgage and investment is only hurting your cause of propagating the loveliness of economics. Of course economics has uses for monetary purposes, people already know that, but I am trying to point out here that economics is not a study that is restricted to commerce (just as econometrics is not a study restricted to economics).

When entering university, I had no idea what to expect from Commerce, but I had this feeling it was a pretty shallow and empty course that was focused on money, and how to manipulate it to get more (I thought engineering was the more appealing path - use my expertise to get money, rather than just manipulating it). I extremely underestimated the scope of economics and commerce.