Programme Overview
Understand How Economies and Decisions Shape Society
Economics is a social science that studies the production,
distribution and consumption of goods and services, as well as the
resource-allocation decisions made by individuals, businesses,
governments and nations.
Economists study the relationship between a society's resources and
its output or production. Their analysis can help shape economic
policies relating to interest rates, taxation, employment,
international trade and corporate strategy.
Studying Economics helps develop the ability to examine complex
information, understand relationships between different factors and
use evidence to support better decisions.
Economics asks one powerful question: how do people make choices
when resources are limited?
Understanding those choices helps explain everything from
household spending and business decisions to inflation, employment
and national economic growth.
