Economics Awareness and Terminology – the highlight of your resume

We are presently facing an economic and financial crisis and some countries really find it hard to overcome it. It cannot be argued that today’s economy is extremely challenging, hence the need for skilled people to get things back on the good running. Economics is a field that requires multiple skills and a career in this environment is definitely not for everyone. We wish to draw your attention in this article to this particular field and show you more about economics and what economists actually do. For those having the required skills and capabilities we will present in the final section of the article the advantages they can have upon achieving a certification in economics awareness and terminology.

First of all, you should know economics is a social science. Its purpose revolves around analyzing the production, distribution and consumption of various goods and services. You should be aware of the distinction of microeconomics and macroeconomics as subdisciplines of this field. Specialists in microeconomics focus their attention on the behavior of the basic elements of an economy, namely markets and individual agents. Such agents may be buyers and sellers or households and companies. The interactions between these elements are also subject of interest to microeconomics. On the other hand, macroeconomics, as the name itself suggests, looks at the economy as a whole and the factors that influence it in both ways. Such factors include, among others, inflation, unemployment, the monetary and the fiscal policy of each country or the overall economic growth. So you can see that microeconomists are focused on individual businesses and try to make them obtain the best results from their monetary policy and provide goods and services that meet customer expectations. Macroeconomists are concerned with the analysis of the history of economy and try to predict future trends and developments in the economy.

Economists are very important because they can predict trends in today’s unforeseeable economy and indicate specific actions to prevent economic crises. They can be of great assistance for organizations because of their knowledge and expertise. Economists can determine business managers to deal with money in an efficient way and they can be sought for advice whenever a change in the economic policy is needed. There are many areas where economists can apply their knowledge apart from the area of money. This is due to the fact that many domains of interest are affected by economics, such as health, education, agriculture and other areas of life. Economists are also expected to analyze various laws and their impact on the economy in the future. Economics is a very broad field and you can decide which area you wish to work in. However, the main duties of any economist include the analysis, interpretation and prediction of future trends in the economy and the way we spend money and use natural resources. The primary objective of specialists in this field is to maximize profit and to make the most from any resource that is being used, be it material, financial or human. As an economist you will have to work with various types of data and analyze it, so you need to have very good grasp of statistics and advanced mathematics in order to understand and perform such an analysis. In the light of the strong competition in all industries there is no doubt skilled economists will always be sought after so you should not worry about the future perspectives of a career in this field.

Online Economics Terminology Test

Certifications in economics would prove your commitment to such a career and this is why the certificate we mentioned in the introduction would be a valuable asset for you. Such a certification would prove you have passed an economics terminology exam. It will also testify that you are aware of the challenges of a job in this domain and you master the adequate terminology required for a career in economics., the global leader in online certification and skill testing, would be the best alternative for taking such a test and this company provides many quality tests on finance and accounting. The economics awareness test available on the website makes no exception and this exam is a prerequisite to the valuable certification that will boost your career chances and your financial perspectives. For example, while the average annual salary of an economist is $112,000, upon having this certificate you could earn more. So don’t hesitate and take this test from Brainmeasures as a pathway to becoming a reputed certified professional and to your rewarding career in the economics field.


  • Economics

No. of Questions

30  multiple choice questions.

Each question has between 2 and 5 options out of which 1 or more may be correct.

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The fee includes the cost of the hard copy certificate of accomplishment and world-wide mailing charges.


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