Economics

DIVISION: Social Sciences

Studying Economics will give you a basic understanding of what is going on in the world and in the economy in which you live and to which you can contribute. You will also receive a foundation for understanding business news.

By studying Economics, you will learn how to:

• Apply the concepts of scarcity and opportunity costs in making economic decisions.

• Use the theory of demand and supply to explain market equilibrium and the effects of government interventions.

• Analyze measures of national income accounting, economic growth, inflation and unemployment.

• Identify, analyze and evaluate fiscal and monetary theory and policy.