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Economist
Studies how societies allocate resources — analyzes trends, policies, and market behavior.
Did you know?
Alfred Nobel's will had no economics prize. Sweden's central bank created one in 1968, and it was first awarded in 1969.
How subjects help
- Mathematics: Build models that predict how a tax change will affect spending and jobs.
- Economics: Explain why prices rise and advise governments on how to keep them steady.
- Statistics: Analyse data on jobs, wages and prices to spot a slowdown early.
- History: Compare today's economy with past crashes and booms to learn what worked.
A famous name
Adam Smith: Scottish economist who wrote The Wealth of Nations in 1776, a founding book of economics.
Try it yourself: Plan a party on a budget
- Pretend you have a set amount of money for a party for ten friends. Pick the amount yourself.
- List what you want (food, decorations, games) and guess a price for each.
- Add it up. Over budget? Decide what to cut or swap for something cheaper.
- Keep a little money spare for surprises. What did you choose to protect, and why?
Accountants, managers and business owners make these choices every day: what matters most, and what can wait.
Also try: Which dice total wins?.
Known for it in
USA, UK, Sweden, Switzerland, Germany