5 reasons to pursue a B.Sc. in Politics, Economics and Society
A B.Sc. in Politics, Economics and Society will better prepare you for a successful future, open up a plethora of career opportunities and arm you with the skills and knowledge required to contribute to the greater good of society
Politics, economics, and society are three aspects of a nation that are closely intertwined. Any change in one aspect will closely impact the other two. For example, a change in government could lead to changes in the economic policies of the country that would alter the course of its economy. This, in turn, could result in major transitions in the society in terms of its living standards and growth and development. Or, a sudden economic recession brought forth due to complex global factors could create social unrest which could ultimately topple a government. Or, a surge in populist politics at grassroots level could ultimately lead to governmental changes at national level, thereby changing the course of the economy too.
Studying politics involves the study of the political system, the government, the political parties, political ideologies, the nation-state and the bureaucracy. It involves an analysis of the ways in which individuals or a group of individuals define and interpret key political issues such as economic growth, development of society, education, and national security and how their beliefs shape government decisions.
Economics, in effect, is the study of how a society is organised in terms of money, business and industry. It concerns itself with the production, distribution and consumption of goods and services. Studying Economics will be beneficial for students as they will be able to gain mathematical and statistical skills and apply those skills and knowledge to provide solutions to business and financial problems.
The study of society involves an inquiry into its culture, social interactions and relationships. It involves a closer examination of the society’s laws, crime levels, schools and education system, wealth and poverty levels, discrimination and prejudices, businesses, and social movements, etc.
Studying the interplay of political institutions, social forces and economic policy will help students to think critically and broaden their knowledge of the problems that beset society.
Here are five reasons why you must pursue a B.Sc. in Politics, Economics and Society:
Prepares you for a better future
A degree in Politics, Economics and Society will prepare you for a better future as it will increase your understanding of three key pillars of a nation – its polity, its economics, and its society. Understanding how governments function, how decisions are made, how economic policies are formulated, how rules affect outcomes broaden the horizons of graduates as they develop key skills such as reasoning, critical thinking and decision making. This translates to success in work and in life.
Opens up career opportunities
Graduates of a PES degree have the world at their feet as their choice of subjects opens up the arena for them in a variety of career paths such as law, risk management, actuary, finance, foreign affairs, public administration, politics, policy analysis, health administration, entrepreneurship, market analysis, journalism, and the yet-unknown careers of the future. A study of Politics, Economics and Society helps them understand people, businesses, markets, governments and decision-making and prepares them to effectively deal with threats and opportunities that arise when situations change.
Arms you with the knowledge and skills that employers want
A study of Politics, Economics and Society helps graduates to better evaluate alternatives and make preferable choices. The breadth and flexibility of these subjects help improve critical thinking, analytical and problem-solving skills that are necessary to investigate data and make sound decisions. These skills are in demand across sectors, whether public or private.
Enabling you to contribute to the greater good
Studying politics, economics and society provides a thorough understanding of how markets, government and societies function, grow and progress. PES graduates have a better understanding of the fundamental policy issues which shape social and economic outcomes. They understand issues such as electoral politics, bureaucratic delays, red tape, market failure, social inequality, poverty, inequitable distribution of wealth, etc. Being equipped with the knowledge, language and skills necessary to engage in public policy debates makes them better suited to formulate decisions and influence policies that will contribute to greater good.
Prepares you for higher studies
A degree in Politics, Economics and Society can pave the way for higher studies in the subjects or even a specialisation in any one of the three areas.