Microeconomics is a perennially popular field of study for a reason; it is essential to running a business. A background in this field can be helpful for any role concerned with ensuring a company’s competitiveness and profitability, such as marketing analysts, operations managers, financial officers, and chief executives. Thus, microeconomics is a prerequisite for any bachelor’s degrees in business, as well as masters in business administration (MBA).
However, those wishing to dive deeper into the nuts and bolts of this discipline may wish to become a full-time economist responsible for analyzing data, studying trends, and developing new theories of microeconomics. According to the Bureau of Labor Statistics, economists earn a median annual salary of $105,020, and typically have a masters degree or even a doctorate in this field.