Search results
Results from the WOW.Com Content Network
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4]Economics focuses on the behaviour and interactions of economic agents and how economies work.
A Bachelor of Economics (BEc or BEcon) [1] [2] is an academic degree awarded to students who have completed undergraduate studies in economics.Specialized economics degrees are also offered as a "tagged" BA (Econ), BS (Econ) / BSc (Econ), BCom (Econ), and BSocSc (Econ), or variants such as the "Bachelor of Economic Science".
The Master of Economics (MEcon or MEc) [1] [2] [3] is a postgraduate master's degree in economics comprising training in economic theory, econometrics, and/or applied economics. The degree is also offered as an MS or MSc , MA or MCom in economics; variants are the Master in Economic Sciences (MEconSc), and the Master of Applied Economics .
The study of politics is considered necessary because it acquaints students with the institutions that govern society and help solve collective action problems. Finally, studying economics is seen as vital in the modern world because political decisions often concern economic matters, and government decisions are often influenced by economic ...
Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
In fact, 67% of new investors used these educational resources, with 85% finding them helpful for learning key investing terms and concepts, according to a 2024 Commonwealth study of over 800 new ...
Applied microeconomics includes a range of specialized areas of study, many of which draw on methods from other fields. Economic history examines the evolution of the economy and economic institutions, using methods and techniques from the fields of economics, history, geography, sociology, psychology, and political science.
[2] [3] Macroeconomists study topics such as output/GDP (gross domestic product) and national income, unemployment (including unemployment rates), price indices and inflation, consumption, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. [4]