Economics with Physics or MechEng

In summary: I really appreciate it. In summary, it really depends on what you mean by "using physics". If you're mainly concerned with practical applications, then I think engineering is a better choice. If you're looking for a more theoretical understanding, then physics may be a better choice.
  • #1
AEharley
4
0
Hey,

I'm a first year Economics student. I've just finished my first semester. I started Economics with the intention of understand how people make decisions and for what reasons. I would however like to start up another degree to get a deeper understanding of the world. I'm leaning toward starting my second degree in physics which is extremely exciting but I know I would one day have to pay my HECS off. So I'm torn as to which degree would be better. Do I go with what would interest me most (Physics) or go for MechEng which is a little less physics oriented but teaches me more applicable real world skills (Programming, Designing, etc)?

I know that if anything goes wrong I'll have a good chance of landing some finance gig if I do either econ and physics or econ and mecheng but I just wanted to get some advice from people who have a little more life experience.
 
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  • #2
I believe the appropriate motivation to study a subject is to pursue a meaningful livelihood as well as to contribute to field.

If one studies a subject simply to 'understand' the world, then one better have another means with which to subsist.

Either Physics or Mechanical Engineering (or any engineering discipline) can be a means to a productive livelihood. Physics and even Mechanical Engineering are broad disciplines, and one can specialize in many areas.

Engineering is effectively applied physics, and ideally, an engineer should have a reasonably good grounding in physics, which is why many science and engineering programs start with similar or same basic math and science (intro physics) courses.

To be better informed, one should browse the websites of ASME, AIP and APS.

www.asme.org
www.aps.org
www.aip.org

There are sections on careers/jobs, and articles on current research as well as archives.
 
  • #3
Thanks for the detailed reply. I've checked them out and I've taken what you've said into account. It's just hard making a decision. I am interested in some aspects of mechanical engineering but I'm worried that if I go into a field that doesn't specifically involve engineering some of the skills picked up in the course would go unused. Whilst it seems that I'll always be able to use physics. Would I be correct in assuming this or am I missing something?
 
  • #4
Depends on your definition of "using physics". Knowing gravity points down is always useful. Finding eigenvalues, applying boundary conditions to differential equations and calculating time dilation for twins on spaceships are not part of many careers at all. But if your goal is like you state in the original post, "to get a deeper understanding of the world" then physics is a great choice. History would probably be a great choice too for a different aspect of deep understanding of the world. For a career, the answer is simple I think - engineering is far more useful. I already have two degrees in physics, I am back in school for engineering for a career.
 
  • #5
Thanks very much for the great response.
 

FAQ: Economics with Physics or MechEng

What is the purpose of combining economics with physics or mechanical engineering?

The purpose of combining economics with physics or mechanical engineering is to incorporate principles of both fields to better understand and solve complex economic problems. By combining these disciplines, economists can gain a deeper understanding of the physical and technological aspects that impact economic systems, and engineers can learn how to analyze economic factors when designing and implementing new technologies.

How do physics and mechanical engineering concepts relate to economics?

Physics and mechanical engineering concepts are closely related to economics because they both involve the study of systems and how they function. Economics is concerned with understanding and predicting how economic systems behave, while physics and mechanical engineering focus on understanding and predicting physical systems. By combining these fields, economists can use principles of physics and mechanical engineering to better model and analyze economic systems.

What are some specific examples of how economics with physics or mechanical engineering can be applied?

Some specific examples of how economics with physics or mechanical engineering can be applied include analyzing the cost-effectiveness of new technologies, such as renewable energy sources, using economic models and principles of thermodynamics; using game theory to study and predict the behavior of markets and industries; and incorporating principles of fluid dynamics and mechanics in analyzing transportation and logistics systems.

What skills are required to pursue a career in economics with physics or mechanical engineering?

Pursuing a career in economics with physics or mechanical engineering requires a strong foundation in both economics and the chosen discipline of physics or mechanical engineering. This includes knowledge of economic theories and principles, as well as technical skills in areas such as thermodynamics, fluid dynamics, and mechanics. Strong analytical, critical thinking, and problem-solving skills are also important in this field.

What are some potential benefits of studying economics with physics or mechanical engineering?

Studying economics with physics or mechanical engineering can provide several benefits, including a deeper understanding of economic systems and their relationship with physical and technological factors, the ability to apply a multidisciplinary approach to problem-solving, and increased career opportunities in fields such as energy, transportation, and technology. Additionally, this combination of disciplines can provide a unique perspective and set of skills that can be valuable in a variety of industries and sectors.

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