Soft Skills and Economic Education - Polish Journal of Management Studies

Polish Journal of Management Studies
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Soft Skills and Economic Education

Abstracts > Vol 10.1

Suciu M.C., Lacatus M. L.

Abstract: This paper aims at highlighting the importance of soft skills and economic education towards an economist career management & development within the complex context of a knowledge-based society. The authors believe strongly that economic education like life long learning in general is at a turning point. Starting from the most important requirements of the labour market but taken also into account the trends regarding the social & occupational evolution in the long-run we have to identify what kind of skills might make the difference for an economist career management & development in the new context of the knowledge-based society. We strongly believe that one possible answer is given by soft skills and the paper includes some ideas with this respect.

Key words:
soft skills, economic education, economists, career management and development, knowledge-based society.


Economists are highly appreciated today. Economic and businesses universities were in the last two decades on the top of students choices. In UK, for instance, in the period between 1992-2010, each year, more than 50,000 students were chosen to study economics and business. Analysis involving economics graduates from a number of selected top schools of economics in UK shows nearly 80 percent in employment six months after graduation
with a wide range of roles and employers, including regional, national and international organizations, across many sectors. For many students who have decided to become an economist we had identified that they really believe that this is one of the most attractive career choices they have. Recent research in the field of career management and labor market demonstrates that each year thousands of students graduate schools of economics and business and they do not have difficulties in finding jobs. On the labor market the demand of economists is still high and the number of new employed economists remains impressive. According to Occupational Outlook Handbook (2012) only in 2010 in USA were 15,400 economists. For next decade, 2010-2020, they expect a 6% increase.
In Romania, an economist can find a job in the first three months after graduation, which placed economists in the second position after architects in a job opportunities hierarchy (Voicu et al 2010). The number of students enrolled in schools of economics and business increased spectacular from 1990.
In the university year 2007-2008 it was achieved the highest number of students in economic university education and a new record established -  91.884 economists graduated. In spite of doubts regarding graduates employability expressed by media, thousands of students chosen to study economics and business next years. In 2013, the Bucharest University of Economic Studies expects to have 30,000 students. The Bucharest University of Economic Studies is considered to be "the university with the best visibility from students
perspective and employability" in Romania (Pricopie, 2013).
Research regarding students
employability shows that even, in these conditions, there is a mismatch between competences students developed at university and competences required on the labor market. Typically, universities put a lot of efforts to produce and deliver knowledge and develop professional/specific competences while employers are looking for more “soft" competences (Voicu et al 2010) such as teamwork, decision-making, and communication that, in employers understanding, would help them to become effective employees and managers.

full version

Based mostly on the literature review (important when we want to implement a new way of thinking and acting in an efficient and effective way) the paper suggests that we are on a turning point regarding economic education. Soft skills are crucial for the complex and dynamic process of career management & development for an economist mostly within the knowledge-based society context.

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Streszczenie: Niniejszy artykuł ma na celu podkreślenie znaczenia umiejętności miękkich i edukacji ekonomicznej w kierunku zarządzania karierą i rozwojem ekonomisty w złożonym kontekście społeczeństwa opartego na wiedzy. Autorzy przekonani są, że edukacja ekonomiczna, podobnie jak uczenie się przez całe życie jest w punkcie zwrotnym.  Zaczynając od   najważniejszych   wymagań   rynku pracy, ale  biorąc  również pod uwagę   tendencje   w zakresie   społecznej   i   zawodowej   ewolucji   w   dłuższej   perspektywie   musimy   zidentyfikować , jakiego  rodzaju   umiejętności   mogłyby coś   zmienić   w   zarządzaniu   i rozwoju   kariery zawodowej   ekonomisty   w   nowym kontekście   społeczeństwa opartego na wiedzy .  Jesteśmy przekonani, że   jedna   możliwa odpowiedź   to   umiejętności miękkie   i   niniejszy artykuł   zawiera   kilka pomysłów   z   tym   zakresie .
Słowa kluczowe: umiejętności miękkie, edukacja ekonomiczna, ekonomiści, zarządzanie i rozwój kariery zawodowej, społeczeństwo oparte na wiedzy.




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