Private tutoring is a career choice where you are your own boss. You can easily monitor and determine your own working hours, location, and work goals as well. Arguably best of all, you can also determine the number of students you wish to take in and adjust their tutoring fees according to your preferences.

On the flip side, every business requires a lot of sacrifice, and being a private tutor is no different. To establish yourself as a good private tutor, one can consider the following tips and strategies:

  • Evaluate your ideas and constraints – Creativity is what happens when you push yourself beyond your limits. To keep yourself thinking outside the box, regularly ask questions such as: what are the various ways I can approach this problem? What is the purpose of this idea? What are the constraints? With these questions, you will always be able to come up with new creative ideas.  
  • Be honest and flexible – Being authentic and adaptable with your students will help you to establish good rapport with them and will build trust in the tutoring relationship. Being a good tutor also means being able to customize your teaching skills and approaches to suit your students so that they can walk along with their tutors smoothly. 
  • Be patient – Things that are easy you may not be easy for your students. Remember to make patience the foundation of your teaching techniques and be deliberate in concealing any unnecessary annoyance in your voice or body language when talking to your students. 
  • Be a good listener – It is essential for tutors to be good listeners because children often have many thoughts that they need to say aloud. Be attune to picking up clues in students’ behavior and manners of speaking to get a comprehensive idea of what your students have been feeling. And remember, a good learner should never dominate the conversation.
  • Have confidence – Having confidence doesn’t always mean knowing all the answers to any question your students ask. It can also mean having the courage to say “I don’t know the answer”. It is okay to tell your students that you need time to think through or do research on a question before you get back to them. Your confidence will surely inspire them to be unafraid to ask questions themselves. 

Economics is considered one of the most challenging subjects for the students, especially for those who are not familiar with this subject in their high schools. Economics is subject that comprises concepts from two different subjects: social science and mathematics. The social science or psychological part of economics includes explanations of an individual or groups behaviors in making decisions. At a higher level, students will have to deal with the mathematical aspect. This will enhance their study of economics, increasing their abilities to analyze markets, and the distribution and consumption of scarce goods and services.

To successfully understand the subject of economics, one should demonstrate the following 4 steps:

  • Knowledge
  • Comprehension
  • Application
  • Analysis

By following these steps, students can easily have a good grip on the subject.

  1. Attend lectures on YouTube – Many YouTube channels that have multiple videos of 20 to 40-minute duration that comprise thorough knowledge on economics. The YouTube platform is convenient as you can rewind your videos and ask questions in the comment section. This route of studying economics will help you discover many aspects of economics in a fun way. For those who do not want to go formal education of economics, this is a good way of picking up the subject.
  1. Self-study through books – As we said earlier, every student has the capability to learn new subjects on their own. Video lectures, YouTube courses, and assignments may not be effective for every student. Some people only want to know the social side of economics and not the mathematical aspect. For such students, there are hundreds of books that they can read in their own time to gain a better understanding of the subject. 
  1. Create your own notes and assignments – After attending all the lectures either on YouTube or through self-study with books, it is beneficial to review those lectures again and again. Students can do this by making personal notes, which help them during quick revision sessions. 

Economics tutors are teachers outside of school. People who are looking for an economics tutor will often ask how long they have been teaching this subject. In reality, how long a tutor has been teaching for does not necessarily indicate whether or not he is a good teacher. Sometimes an experienced teacher only focuses on homework, coursework, and exams, while younger teachers may also be able to present an understanding of economics that is just as comprehensive. People also often ask to check the teacher’s qualifications, such as if they are graduated or completed their master’s in that subject. There are many qualities to consider.

Tutors help their students maximize their abilities by guiding them with their knowledge and experience. However, to attain the best possible experience, one should consider the following tips when choosing a tutor for economics:

  1. Identify your own way of learning – Different students will face different struggles with their studies, especially if their learning styles clash with the teaching styles of their tutors. So, before you choose your tutor, let him know what you learning style is like, such as whether you are a hands-on learner or a visual learner.
  1. Set specific goals regarding the subject – Setting goals today will help you build up a bright tomorrow. The qualification of your teacher should match the current standard of your study and future aims. If you are only looking for a tutor to pass high school with good grades, you can seek the help of undergraduate students or your fellow classmates. If you have ambitious plans and looking forward pursuing a career as an economic advisor for the next president, it is better to find a tutor who has a PhD or who is a professional economist. They will be able to help you with every aspect of that subject.
  • Identify your weaknesses – Economics is a complex subject that comprises both social science and mathematics, which are subjects that appear to be diametrically opposed. Not every student can maintain a solid understanding of both subjects. Some students might be good at the psychological part but may have poor mathematical aptitudes. Such students should thus find tutors who specialize in econometrics or mathematics.

An economics tutor can help the students in better comprehension of economics, from theory to analysis. They can help in high school, graduation programs, post-graduation, or in PhD economics courses. Keep in mind the above tips before finding an economics tutor.

Economics is one of the most popular subjects for art students. It helps them understand the real-world economy, such as businesses, markets, and government strategies. The study of the subject also helps them to better respond to the threats and opportunities that arise during changes in the nation.

Many experts of economics are positioned in places of authority to analyse and solve various problems related to law, risk, management, actuary, finance, foreign affairs, public administrations, politics, policy analysis, health administrations, entrepreneurship, market analysis, and journalism. Economics also enables students to explore multiple career options in the future.

Some exclusive reasons for studying economics are given below:

  1. Prepares you for new changes – The wideness and flexibility of the subject’s degree prepares students for many unexpected changes in the world. It also teaches them how to capitalize on these fortuitous opportunities. 
  2. Provides you with the necessary knowledge and skills for employment – Economics is all about how an individual can make the best choices for their career as well as for society. This subject develops critical thinking abilities and skills to solve different types of problems through rational decision-making. Economics students often possess good analytical skills that enable them to accurately examine data. According to the study of NACE (National Association of Colleges and Employees), employers of today’s world often look out for the skills of economics, such as the abilities to make decisions in critical situations, to solve problems, to obtain and process information, to analyse data, and to communicate clearly. 
  3. Ensures that you have a bright future – The study of economics enables students to have a greater understanding of decision making, market functionality, how rules of the market affect the outcomes, and most importantly, how the country’s economics influence the social system. Economics has helped countless people to achieve success in their work-life as well as in their personal life. Many economists enjoy a relatively high starting salary which is the indicator of long-term success and lifetime earnings. 
  4. Allows you to contribute to the greater good – Economics provides the framework of analysis of public policy, which helps students better understand fundamental policy issues that give structure to the market and their social outcomes. A good economist is capable of understanding the problems related to tradeoffs, benefits and costs of businesses, market failure, public finance, and the immense difficulties caused by generational impacts, welfare impacts, and inequality. Students equipped with the skills of economics are also good with language skills and can engage more efficiently in public policy debates to enable social progress. 

Many students find themselves at crossroads choosing between economics or business administration as a university degree. However, this decision leads to a bright future for the students.

Economics and business degrees are both important and have their own strengths in their respective fields. Both subjects give students competitive job opportunities, though their academic focus and coursework offer different job opportunities for post-graduates.

Job opportunities for an economics degree 

Students with economics degrees are most suited to jobs that involve mathematical and statistical analysis. Many hold positions in banks or as junior market analysts. Other job opportunities for economics students are:

  • Economists – Economists assess data, identify trends, and make predictions of the future economy.
  • Market analysts – Analysts of the market enhance sales and determine pricing levels by accurately predicting competitors’ data. 
  • Economic consultants – Consultants support organizations by constructing custom reports, and making market suggestions and fiscal policy recommendations. 
  • Day traders – Day traders gain profits by purchasing and selling securities without holding them for a long time. 

Job opportunities for a business degree

Graduates with business degrees can serve a wide range of careers and organizations in the following positions:

  • Accountants – Accountants create financial reports and prepare tax documents by reviewing the financial records and budgets.  
  • Organizational managers – Corporate managers aid the company by leading teams, planning projects, and managing resources. 
  • Actuaries – Actuaries calculate financial risks by using their mathematical and statistical skills. 
  • Marketing manager – The marketing manager’s job is to run advertising campaigns, establish connections with consumers, and create messages that increase the sales of products and services. 

Economics or Business: Which one is the right subject for you?

Deciding between an economics and a business degree is tough, as they both offer fast-paced challenges, high salaries, and are multifaceted. For students capable of working with complex ideas, economics is likely the better choice, as economics subject is the perfect blend of mathematical skills with psychological skills. If you are looking for a more comprehensive education line, you should go for a business degree.

Either way, students can use their skills to catalyze the success journey of any company, government, or organization.

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