Find Economics tutoring in Montreal

Why Economic Students Love Montreal 

Montreal is the cultural, technological, and economic hub of Quebec, home of bustling commercial districts, upscale hotels, and world class universities. If you are lucky enough to be studying business, commerce, or economics in this city, you have unique access to some of the best professors, scholars, teachers, and tutors in the country. 

While Quebec is known for its strong Francophone culture, Montreal is a diverse multilingual city with residents coming from all over the world. And it’s no wonder why: Canada’s second most populous city is also a place filled with opportunities to work, study, or build a new life. Universities like McGill, Concordia, Economics students will love the access to schools, European vibes, night life, transit system, and proximity to job opportunities in banks, businesses, and government. 

Why Studying Economics Is Important

If you’ve ever picked up a copy of The Economist, you probably noticed the magazine contains vast amounts of commentary on politics and other world issues. This is because Economics touches on virtually everything, from climate change policies to online shopping to the sports leagues. Take a closer look around you, and you’ll probably see that mostly everything around you is connected to economic life: the ads on your social media feed, the furniture you have purchased, or perhaps a piece of fruit exported from Mexico. 

Economics, defined in the Oxford dictionary as the “branch of knowledge concerned with the production, transfer, and consumption of wealth,” covers a broad range of topics and enters into nearly every part of modern life. 

We use money everyday to pay bills, purchase essentials, and shop. We participate in a workforce or educate ourselves to be a part of it or even own a business. The list of ways we participate in the economy are literally endless, which is why it is so important we learn and understand how our economy works.

Macroeconomics vs. Microeconomics 

If you are considering studying economics, or simply want to know what it’s all about, it may be useful to think of the subject in terms of macroeconomics and microeconomics.

Macroeconomics 

Macroeconomics is the study of economics on a large, global scale. You’re looking at economies as a whole, considering how a country’s job market may function, how political leadership impacts wealth and poverty, and entire industries on a national or global scale. If you love following world news reports and untangling the complexities of boom times and recessions, a macroeconomic perspective is probably a good one to guide your studies.

Microeconomics 

Microeconomics, as the word suggests, examines economies on a much smaller scale. You might focus more on individual or family finances, the operations of a specific company, or the decisions people and companies make when it comes to establishing prices and allocating resources. If you are fascinated by how people and businesses manage and market their money and resources, you may want to take a microeconomic approach to your studies.

While the concepts of macroeconomics and microeconomics suggest a split in the discipline, it’s important to know that the topics connected with each view interweave and are deeply connected. For example, a macroeconomic shift can be related to behaviour better analyzed from a microeconomic view; an increase of minimum wage, for example, might have greater impacts on employment or spending at a national level. 

Major Topics in Economics 

The field of economic study is so vast that it will probably be helpful to take a closer look at different topics within the discipline. Here are just some some of the major areas of Economic study you might choose to specialize in as a student.

International Economics

If you are fascinated by trade, politics, and global markets, international economics will be a dream for you to study. Canada’s trade relationships are constantly evolving: just take a look at our new trade agreement with the United States, our southern neighbour and largest trading partner, newly negotiated after decades of NAFTA. You might also be interested in doing a research inquiry on China, the world’s industrial giant, or perhaps the controversial textile trade in Sri Lanka. Whether it’s a specific industry, policy, currencies, or trade agreements, there are so many areas to explore in International Economics that you will never run out of things to learn.

Economic History and Thought

Perhaps you have a background in history, philosophy, or political science and want to enhance your knowledge base with economic thought. A study of economic history and thought will lead you into reading some of the greatest works of Western thinkers like John Maynard Keynes, Adam Smith, Karl Marx, Robert Lucas, David Ricardo, and Friedrich Hayek, just to name a few. Be prepared to read and be rewarded with a rich understanding of how economic systems work and whose thinking influenced our modern day markets today.

Financial Economics

Financial economics looks at the monetary activities of the financial markets: analyzing the value of assets, risk minimization, and how events impact cash generation. This area of economics also examines different financial tools, like bonds, stocks, and securities, and the regulations that govern these tools. If you have an interest in money and how to make more of it through financial markets and banking, this may be the right area of study for you.

Get an Economics Tutor to Maximize Your Success

Economics is a competitive and challenging field to study but with the help of the right tutor, you can maximize your studies and get more out of your learning. Why? Economics tutors have been through undergraduate and graduate programs, and can help coach you on a one to one basis when you need help understanding new concepts, writing a paper, or if you need to prep for a big exam. Large classes make it hard for students to get the time and attention they need from a professor or a TA, and tutors can provide you with quality intensive instruction at a reasonable price. Check out the tutors here at Superprof to learn more.