ELI5: Explain Like I'm 5

Bachelor of Economics

A Bachelor of Economics is like a school subject where you learn about money and how it works. Think about when you get some money for Christmas and you have to decide if you want to save it for something big later or spend it on something small now. That's what you learn about in a Bachelor of Economics. You learn about how people make choices about what to do with their money and how those choices can affect things like businesses and the economy.

In your classes, you'll learn about things like taxes, budgeting, and how businesses make money. It's kind of like when your parents make a budget to decide how much money they can spend on different things in a month. You'll learn how governments do that too, and you'll learn how they make decisions about spending money on things like schools, hospitals, and roads.

You'll also learn about something called "supply and demand". That's like when you really want a toy that's really popular, but there aren't very many of them. That means the toy is in high demand, and the store can charge more money for it because lots of people want it. You'll learn how this affects the prices of things like groceries, clothes, and electronics.

Overall, learning about economics is really helpful because it teaches you about how money works in the world and how people make choices about what to do with it.