Your guide to know everything you need about studying Economics

Economics is a social science that investigates the production, distribution, trade, and consumption of goods and services. Its goal is to enhance resource allocation and establish stable markets to ensure people can lead prosperous lives. Economists analyze human behavior to identify patterns and predict financial decisions, considering factors like risk and reward. Key debates in economics revolve around whether markets self-regulate or require government intervention for stability.

Economics comprises two main sub-disciplines: Microeconomics, which examines interactions among economic agents, and Macroeconomics, which explores the overall economy of a society.

Studying economics introduces concepts such as the creation of money, the functioning of banks, dynamics of debt, and understanding credits. Students also explore financial crashes, their causes, and ways to prevent future economic disasters.

In an economics degree, students delve into topics like interest rates, exchange rates, economic indicators, and equity markets, understanding how they impact industries globally. Courses cover economic theory, including free market and government regulation theories. Students gain a comprehensive understanding of public policies and their socio-economic effects on legislation, taxes, services, and regulations.