Do you want to understand how the economy functions, what drives price changes, business and employment opportunities, and business cycles? Are you interested in how government policies can influence economic activity, and how to formulate and implement effective policies?
Students will begin by gaining an understanding of the basic principles of economics, of the economists' approach to the analysis of the economy and its problems, from both the microeconomic (decision-making) and macroeconomic (equilibrium and dynamics) perspectives. Students can expect to gain a better understanding of how a market economy works, and of the sources of movements in interest rates, unemployment, inflation, trade, government deficits, etc. They will become familiar with decision-making by consumers and profit-maximizing firms, and how those decisions interact to generate market outcomes.
They will also learn how to analyze economic statistics and use econometric analysis to understand economic relations and make predictions. Application will also be made to important social issues and the decisions behind the formulation of public policy and economic regulation. At a personal level, the program provides practical decision-making skills (evaluating alternatives, determining the market value of a house, making investments for retirement, and evaluating risks) and opens up a wide variety of career opportunities, especially in the financial services sector.
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