Program Summary
Economics as a course explores how individuals, businesses, and governments make choices regarding the allocation of limited resources. It examines the principles that drive production, distribution, and consumption of goods and services, as well as the factors influencing decision-making in markets and economies. The course typically covers both microeconomics, which focuses on individual markets and consumer behavior, and macroeconomics, which looks at broader economic trends, including inflation, unemployment, and economic growth.
Students learn about economic models, supply and demand dynamics, pricing mechanisms, and market structures. The course also delves into fiscal and monetary policies, international trade, economic development, and the role of government in the economy. Analytical skills are developed through quantitative methods, data interpretation, and critical thinking exercises.
Economics provides a foundation for understanding real-world financial and policy issues, preparing students for careers in business, finance, public policy, and research. It blends theoretical concepts with practical applications, helping individuals make informed decisions in both personal and professional contexts.