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Study Economics at VFIS

Why is it important to study Economics at VFIS?

For everyone of us it is important to be able to make sound economic decisions, have control over our own economy, and understand the current debate of economic policy and the nature of the global economy if we want to be active citizens and ethical consumers.

The course in Economics is based on Economical Sciences and it gives an introduction of the functioning principles of economy. Both micro and macroeconomic questions are scrutinised from different perspectives of citizens, corporations and the state. It is familiarised with the interconnection between economics and politics as well as the meaning of work and entrepreneurship in financing the state services. The relationship between economics and the environment is scrutinised from the perspective of sustainable development. 

What should students learn about Economics?

After the course, the students should understand the meaning of work and entrepreneurship for the economy and society in general as well as understand the basic terms and theories of Economic Sciences and structures and rules of economic life. They should be able to estimate critically arguments that are presented in the current economic debate and scrutinise solutions and alternatives provided by different economic policies as well as analyse the backgrounds and impacts of these policies. Therefore, it is highly important to understand how economic knowledge is being constructed and produced, for instance, in the newspapers and other media.
Students should also learn the importance of innovations for the whole economy and society in the global economy. 


How do we study Economics at VFIS?

Special characteristics of the local economy are taken into consideration in the instruction. The aim is also to learn to take care of one’s own finances and to be familiar with work-life and entrepreneurship in a diverse manner. We try to understand what kind of role foreign trade has for Vietnam and its people. We analyse cycles of the economy and their interaction between private and national economies and their impacts on social policies, taxation, unemployment and shortage of employees, etc.     

All in all, studying Economics is all about learning one of the most important life skills but some of the students might get so excited about it that they might want to continue their studies in Economics at the university level and find later a profession in public economics, business or finances.

Ms. Katja Grekula | History, Social Studies and Economics Teacher, Guidance Counsellor
Master of Social Studies, University of Tampere, Finland
European Master’s Degree in Human Rights and Democratisation