Physics And Economics Double Major

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Discussion Overview

The discussion revolves around the viability of pursuing a double major in physics and economics, with participants sharing their perspectives on the value and applicability of each field in relation to career prospects and academic interests.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Exploratory

Main Points Raised

  • One participant expresses a desire to pursue a Ph.D. in physics while considering the practicality of adding economics to their studies, questioning whether a double major is advisable.
  • Another participant, currently majoring in theoretical economics, suggests that a strong foundation in mathematics is more beneficial for economics than a background in physics, indicating that physics has limited utility in the field.
  • Concerns are raised about the quality of undergraduate economics education, with one participant recommending a major in mathematics or physics instead, while suggesting that graduate-level economics courses may be more valuable.
  • A participant argues that a Ph.D. in physics may not necessitate a formal education in economics, as individuals can learn economics independently through self-study and auditing classes.
  • There is a sentiment that pursuing economics solely for resume purposes may lead to dissatisfaction and a lack of retention of the material learned.

Areas of Agreement / Disagreement

Participants express differing views on the value of a double major in physics and economics, with some advocating for a focus on mathematics instead of economics, while others emphasize the importance of personal interest and practical career considerations. The discussion remains unresolved regarding the overall utility of combining these fields.

Contextual Notes

Participants highlight limitations in undergraduate economics education and the potential need for a stronger mathematical background, but do not reach a consensus on the best path forward for someone interested in both physics and economics.

dpa
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Hi all,

How good/bad an idea is that. I love physics and want to get a phd later but stll want to remain safe. any advice? Is physics+economics bad idea?
What about physics major and eco minor only?
:confused:
DPA
 
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I´m doing theoretical economics major now, and very good education seems to be major in mathematics and minor in economics(or econometrics/statistics). Physics is of very limited use in economics, while mathematics makes it a lot easier. Degree in maths would obviously make entry to physics better, if you decide so.

Don´t do economics if you only want it for your resume. I can guarantee if you force yourself to go through it, you will forget everything very soon. It takes considerable effort to make sense of economics.

Also, both czech prime minister and german kanzlerin are physicists by education!
 
ahh! No interest in politics.
Any more opinions?

And its totally not for mere resume. Its like if i sometimes want a job and not merely be a thinker.
 
Undergraduate education in economics is pretty much rubbish. A BS in Math, or also BS in Physics will be a good background. However, if you can take Econ courses, take graduate courses in Econ.
 
dpa said:
How good/bad an idea is that. I love physics and want to get a phd later but stll want to remain safe. any advice? Is physics+economics bad idea?

It's pretty useless. If you have a Ph.D. in physics and get a job in finance, you are expected to be able to learn the economics on your own, and I agree with Pyrrhus that undergraduate economics is pretty much rubbish.

The other thing is that economics is one of those things that you might do better learning if you just audit classes and read books on your own. Remember that the purpose of the degree is merely to get a piece of paper that gets you a job, and if already have that and just want some knowledge, there are cheaper ways of getting that.
 
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