Music Economics and its Broad Impact

Economics as a Social Science

• Economics is inherently about people, integrating philosophy, social sciences, health, and psychology.
• It is a powerful tool for engaging in meaningful conversations.

Why Study Economics?

• Offers a versatile problem-solving and analytical toolset.
• Touches every aspect of daily life and public policy.
• Acts as a way to discuss deeply human problems.
• Understanding economics unlocks a vast toolset for shaping the world.

Importance of Critical Thinking

• Economics teaches the art of asking the right questions.
• Links closely to critical thinking - assessing value and merit of ideas.
• Facilitates understanding of underlying issues and their solutions.

Economics as a Global Perspective

• Involves interacting and trading with other nations, offering global exposure.
• Provides opportunities to travel and understand diverse economies.

Career Opportunities and Versatility

• Studying economics does not strictly lead to being an economist.
• Skills gained are applicable in various careers.
• Examples of work:
  • Future of work
  • Gender diversity in senior leadership
  • Cultural contributions (e.g., Sydney Opera House)

Misconceptions About Economics

• Often misconceived as a path to high-paying careers or corporate profit-making.
• In reality, it plays a vital role in everyday life decisions and societal contributions.

The Excitement of Economics

• Economics is fun, useful, and unifying.
• Brings together diverse thinkers to debate and progress on shared issues.