Choosing Between Economics and International Politics: Key Considerations for Your Career Path

The decision between studying economics or international politics often hinges on your career goals and interests. While economics focuses on economic systems and policies, international politics deals with global politics and diplomacy. Both fields have their unique merits and drawbacks, which are crucial for students to consider before making a choice.

Choosing Based on Future Career Path and Interests

When you raise the question, it suggests a preference for international relations (IR). However, if you have a strong GPA, the drive for an additional degree, and the financial capability, you might consider majoring in economics and pursuing a master's in international relations from a reputable institution. This dual focus can provide you with a comprehensive understanding of both fields and enhance your employability.

The Flaws of Economics

The field of economics is compelling, yet it comes with significant limitations. Economists often create complex models to predict and explain human behavior and market dynamics. However, these models often rely on the flawed assumption of 'rational economic consumers' and 'rational business decisions.' As the eminent economic theorist, Joan Robinson, pointed out in 1966: 'economists have run off to hide in the thickets of algebra.' This means that many economists construct elaborate mathematical models to manipulate the perception of political leaders, corporate executives, and the general public.

International Relations: A More Accessible Choice

If you prefer to avoid mathematical models and their use in guiding decisions by heads of state, an international relations degree might be a more suitable choice. While IR also has its challenges, it generally avoids the use of complex mathematical models to direct international relations and diplomacy. There is a chance, though slim, to engage with prominent world leaders such as former President Richard Nixon, Fidel Castro, or Saddam Hussein, among others. Their interactions can provide invaluable insight into global politics.

Academic vs. Practical Considerations

For those interested in academia, an economics degree is often the better choice. Economists frequently require a strong foundation in mathematical and statistical techniques. On the other hand, if you prefer the practical side of the workforce, international relations could be a better fit. Consider complementing your degree with a minor in mathematics or a science field to enhance your employability. Knowledge of algebra, calculus, differential equations, and statistics can significantly benefit your career trajectory in either field.

Final Thoughts

Ultimately, your choice between economics and international relations should align with your long-term career goals, interests, and where you see yourself in the future. The ability to understand numbers is becoming increasingly important, so consider taking some statistics courses alongside your chosen major. This will equip you with valuable skills that are in demand across various industries.