Malaysia’s federal administrative capital, Putrajaya, has a modern late 20th century architecture. The green, smart, connected capital aims to create a world class modern living and working environment that will serve as the flagship green townships

There are appealing mosques, palaces and monuments along with a line of grand Governmental buildings arranged strategically in the capital.  The capital is located strategically between the highly active north-south axis of Kuala Lumpur and neighbouring Cyberjaya (the heart of Malaysia Multimedia Super Corridor). 

Malaysian International Trade and Industries (MITI) which oversees every aspect in Malaysia trading is also situated in Putrajaya. 35% of Malaysia trading that goes into government revenues are the oil and gas sector.

Since 2018, the Malaysian economy has been seen as underperforming way below its potential. One of the reasons is due to external factors from its neighbouring countries’ economies that rapidly start to emerge in the region. 

What’s worse, the political burst has stayed unresolved throughout these couple years. With the magnitude and array of political, economic, institutional and social issues along with the pandemic recession, Malaysian economy is currently seen at its downfall

 

Perdana Putra building in Putrajaya

 

In regards to the lockdown and the call for a state of emergency by the Sultan, the economy in Malaysia has fallen deep. Thus, it is dependent on Putrajaya (parliament) to take measures to help create jobs and businesses to turn the economy around. 

Due to this, economists are always being sought after by many key governmental agencies and huge institutions including many recognized local or international banking. The annual salary of an economist surpasses those working in the medical and engineering sectors. 

You must be wondering what an economist does, where they work and the roles that they play right?

Most economists are most likely to work with banks to help the making and planning of a good investment. When they work with the government, they have responsibilities to develop economic strategies, and draw up legislation related to local and global transactions that are related to the nation’s economy. 

Besides, they have renowned roles to review financial data, doing annual budgets, economic forecasting and anticipate the economic impacts on the nation. If you are interested in Malaysia Economics, you can be our future national economists!

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What are The Benefits of Learning Economics?

a fruit vendor doing business
Economics are used in our daily life such as buying or selling fruits and vegetables at the market. (Source: Unsplash)

Economics is one of the most crucial subjects that keeps the world’s trading open all year round. Therefore, the benefits of learning Economics are enormous. 

Here are the reasons why. 

Expand your knowledge in Economics vocabulary

Just like all the weird scientific terms that you know, such as Homo Sapien is human, Bus Babatus is a pig or how the epidemiology model works; Economics also have fundamental terms for themselves that only those knowledgeable in the subject can understand. You can understand more on the market dynamics and how it applies to any organization. 

Spending habits

Regardless of who you work for, either government, private or individual, the knowledge in Economics will allow you to understand how the market behaves. This will help educate on spending values and habits that will determine how well the economy goes for that particular organization. 

Practice Economics tools

Once you have knowledge in the fundamental basics, theory and analytical tools, you are able to use it to develop a viable business strategy. Using SWOT analysis to assess business situations can always help to maximize revenues. 

Most Economics graduates are able to work in any line of work that they desire as long as it is not the professional line such as medical or veterinarian. Nonetheless, they are able to open up their own businesses and further improve their own economy as well as the nations’.

Searching for Economics tuition centres in Melaka?

What are The Best Ways to Learn Economics?

guiding a student at Economics
Of course, the best way to study is by learning from a master. Find a master in Economics to help you with the subject. (Source: Unsplash)

An economist is a person who works in Economics and is trained in various aspects on the financial transaction, market price, political finance (government finance) and company or institution’s finance. Economists can also work in a wide range of sectors such as working with government, non-governmental agencies, or private companies. 

Economics is the driving force of human interaction, such as how the government uses its resources, what is the effect of taxes on the citizens, how well the trading goes in and out of the nation and what is the employment rate in the country. 

Economists will seek answers to those questions and help to provide the solution on how a nation or company or an individual are able to maximize their productivity, maintain sustainable business, financial wise and create wealth. 

Different Economists have a different theory as to how government and people should interact within markets. Economics will always exist as long as there is trading.

The best way to learn Economics is by enrolling in Economics courses since high school. You can develop the most fundamental and basic concept of Economics early in time. Once you have finished your high school examination, SPM, you can further into STPM, foundation, or A-level in Business, or take a Diploma. 

The pathway to become an Economics expert isn’t that complicated. You can take a master's in Economics after you graduate with your bachelor’s degree. However, can you learn Economics by yourself?

Yes, you can. For the sake of Economics knowledge, you can gather more information on Economics from the internet and books. But bear in mind, you wouldn't be able to make Economics as your career or become an Economics expert without any certification. 

Further on, you will know how you can start your career in EconomicsAre you looking for Economics courses in Penang?

How do I start a career in Economics?

A strong economy begins with a strong, well-educated workforce.

-Bill Owens

Starting a career in Economics will need you to first analyse your goal. You should know how to answer these questions. Only after you have answered will you then understand which pathway you should take. 

Why would you want to be an economist?

You should know what type of career you want. Either you want to be an Economics expert or work in a bank or any financial institution. All these will determine your future career. 

How far are your personal or professional goals?

Set a target, and aim high. There is no harm in setting your goals somewhere farther from where you are now. If you set out to be a professional, you should always aim to further your Master degree. 

What is your current stage in life? (school or university students or adults with fix job or unemployed?

Take a second and look back at where you are now. You may think you have a long way to go when you are just a school student now, but do you know, the earlier you realize your dream career, the easier your life will be? 

Even if you are a complete novice or an experienced manager, you are still able to start learning Economics for personal growth. You will understand more on how the market works, how the consumers react, what is the appropriate pricing strategy and more.

To make a career as an economist, enrolling yourself in the Economics courses is the best way for you to start. If you ever thought of making a jump start, you can hire a personal tutor to assist you in your journey towards achieving your dream

Check out Economics courses in Kuala Lumpur.

Where is The Top University or Colleges Offering Economics in Putrajaya?

There are numerous places in Putrajaya that offer Economics study. There are many local and foreign students residing in the capital and the nearby city, Cyberjaya to study Economics

Heriot Watt University in Putrajaya offers high quality of British education and global study opportunities in the Economics programme. The university has all levels of studies from the foundation, undergraduates and postgraduate studies. 

Besides, Universiti Tenaga Nasional has a campus in Putrajaya that also offers Bachelor of Business Economics (Hons). University of Cyberjaya (UoC) is within 10-15 minutes distance from Putrajaya and also has Business and Accounting courses. 

Though Economics is deemed hard and seemingly a daunting subject, you might be able to be better if you reach out for some assistance. 

In this 21st Century, with the pandemic still going on, there is a new normal where people have resorted to online learning with an Economics Tutor or one-to-one lesson through a reputable website. 

Do you know that Superprof has private Economics tutors?

You can either learn in physical or online class with Superprof Economics tutor, at any time and place convenient for you; without leaving the house!

Yes, by all means, you are able to take private Economics lessons at home or online lessons that can easily fit your schedule.

No matter what level you are now, either for school, university or professional exams you can register with Superprof to get the help you need from one of our global Economics tutors

According to the Superprof site, there are over 1240 Economics tutors available in Putrajaya for face-to-face lessons, and over 38,000 Economics educators available teaching via online platforms such as zoom, skype, or google meet. 

Click on Superprof site to browse through the abundance of tutors and start learning Economics today! The choice is yours!

Some fantastic Economics tutors may be found in Shah Alam. Economic courses in Selangor are available to browse through as well as the guide in Economic courses in Malaysia.

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Alia

Alia Jamaludin is known as a passionate environmentalist and animal lover. By being both educator and writer, she can reach out her positive thought to almost every being on this planet.