Why Choose a Major in Economics?

Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. You will learn a framework for analysis that can be applied to a great variety of areas, ranging from international trade, unemployment and inflation, to retirement funds, or controlling pollution.

What will you learn?

The Economics major covers both micro and macroeconomic theory extensively. In Microeconomics, you will learn about the optimisation and game-theoretic decisions of individuals and firms, and how they respond to incentives like taxation, subsidies, and competition. In Macroeconomics, the focus is on business cycles, inflation, economic growth, and how monetary and fiscal policy affect the economy. The emphasis on analytical and quantitative skills enables you to understand, use and produce statistically based arguments.

Among the courses, you will find:

• Advanced Macroeconomics: What determines economic growth? Learn consumption and investment theories, and the different mechanisms explaining unemployment.
• Microeconomics: Learn how microeconomic theory can facilitate private and public decision-making.
• Industrial Economics: Most markets are controlled by a small number of firms that dominate the market. This is called an oligopoly. What does this mean for product development, pricing, and innovation?