Economics students study how businesses, governments and individuals produce, distribute, consume and trade resources based on market supply and demand.

These resources include wealth, products, services, raw materials, human capital and anything else that is considered an asset.

An economics degree equips you with a specialist’s knowledge on improving an organisation’s resource allocation, from formulating product marketing and pricing strategies to planning budgets and investments.

Learn to use data and insights from market trends, surveys and forecasts to make informed business decisions – for your own company or other corporations, such as financial institutions and the government.

What you will learn in economics courses

• Microeconomics and macroeconomics: Explore and understand how these interdependent branches of economics can influence policy-making in organisations. Students will also learn to apply these principles in real-world business scenarios.
• Statistical analysis: Develop the ability to identify data trends and compile these findings in accessible reports. Companies use these reports to attain insights into their operations, market competitiveness and other business factors.
• Econometrics: Discover the methods to develop economic forecasts using data analysis tools. The forecasts guide businesses in formulating future strategies and policies.
• Accounting, banking and finance: Economics courses incorporate finance topics in their curriculum as these disciplines are interconnected. Acquire the skills to employ economic principles in the management of money, credit, investments and financial systems.
• Management: This area of study prepares students for future managerial roles, ensuring they are capable of overseeing the implementation of economics-driven strategies in organisations.

Career opportunities in economics

Economics degree holders are highly sought after in industries that prioritise data gathering, statistical analysis, business strategising and policy planning. These sectors include accounting, banking and insurance.

Graduates can apply their analytical and research skills to uncover valuable data insights, empowering organisations to adapt to fast-evolving market trends and navigate shifting economic landscapes.

What jobs can you get with an economics degree?

Economist

• Banks, corporations and government agencies rely on economists to analyse market trends, compile business data and transform research into insightful reports.
• An economist’s reports are key in determining an organisation’s business strategies and policies.
• Average salary range: RM5,400 to RM5,600 monthly

Accountant

• With the mathematical and analytical skills gained from economics courses, economics graduates are equipped to thrive as accountants.
• Accountancy jobs involve financial report preparations, tax consultation, business audits and payroll management.
• Average salary range: RM5,000 to RM7,000 monthly

Credit analyst

• Credit analysts assess applicants’ eligibility for credit cards, loans and investments. They are highly sought after by banks, credit card corporations and loan providers.
• Excellent data analysis skills are essential to succeed in this role, as credit analysts have to examine applicants’ bank statements, credit history and salary slips to ensure they are capable of paying credit card bills and loans.
• Average salary range: RM5,500 to RM 7,000 monthly

Data analyst

• Data analysts are tasked with conducting research into consumers’ buying behaviour, online surveys, social media posts and other data sources.
• By using statistical models, data analysts extract key insights from research.
• Companies across different fields like insurance, finance and retail rely on data-backed market trends and forecasts to make crucial business decisions.
• Average salary range: RM3,500 to RM5,000 monthly

Financial consultant

• Financial consultants help clients achieve their financial goals by evaluating assets, debts, income and expenses.
• Based on the client’s financial health assessment, the consultant will develop strategies to boost their savings, offer profitable investment recommendations and guide them in planning their estates.
• Average salary range: RM3,350 to RM5,850 monthly

Top institutions offering economics degrees

Undergraduate level

Postgraduate level

FAQs about economics courses in Malaysia

Conclusion

Malaysian universities deliver a range of accredited programmes that prepare you for economics-related careers. For more information on economics programmes, check out the economics courses at the top of this page.