Critical Thinking in Economics and Higher Education

Critical thinking is the key to success in business entities. In business literature, critical thinking is regarded as a conscious activity that includes comment, analysis, assessment and deduction in decision making. It is accepted that critical thinking plays a very important role in economics and higher education. The reason for this is that the goal of university education is to provide an intellectual professional education, not a stereotyped and standardized one. In other words, the aim shall be enhancing professional aptitude and professional skills. Business life has also changed and demands flexibility. In todays’s work environment, graduates are expected to be equipped with professional knowledge and scientific method information, in other words, they should have learned “critical thinking”. The purpose of this study is to demontrate the importance of critical thinking in economics and higher education, in particular in cost accounting courses