Program Summary
Economics as a course focuses on the study of how societies use limited resources to produce goods and services and distribute them among people. It delves into understanding the behavior of individuals, businesses, governments, and nations in making decisions related to production, distribution, and consumption. The subject explores both microeconomics, which examines individual and firm-level decisions, and macroeconomics, which looks at broader economic factors like inflation, unemployment, and national income. Students in economics analyze data, develop models, and use theories to predict outcomes, evaluate policies, and understand global economic interactions. The course equips students with analytical skills to evaluate market trends, government policies, and economic challenges, preparing them for careers in finance, business, public policy, and research.