Economics teachers specialize in teaching the various aspects of economy to their students, and can be found working with both undergraduate and graduate students. Economics teachers may specialize in a certain area of the economics sciences – such as macroeconomics or price theory – or teach a more general course aimed at building a basic foundation in students. It’s not rare for economics teachers to simultaneously offer several courses related to different areas of economics, when they’ve got sufficient experience in all of them.
Becoming an economics teacher requires a Doctorate from candidates in almost every case, though there are some rare exceptions where Master’s degrees are also accepted. A perfect command of the English language, as well as knowledge in mathematics and accounting are required in addition to the default requirements related to economics specifically. Some education related to law is also of benefit in most cases, due to the close relationship between the two sciences and the frequent interconnections between their subjects.
For a teacher, an economics teacher can earn quite well – with the annual salaries ranging between $50,000 and $95,000, it’s easy to see how the job can be attractive to many people. In the same time, the complexity of the learning material involved in practicing the job can prove to be quite burdensome for some, and it’s not rare to see economics teachers get easily discouraged in their first few years of practice. This has lead to a high demand for more experienced economics teachers, and some schools are willing to pay substantially more than the average for such candidates.