Economics is a social science concerned with the economic behavior of consumers and producers as well as the operation and evaluation of economic systems. Economists study questions like why does the price of gasoline go up and down and what can we do to improve the economy. Studying economics gives you insight into how the world around you actually works. As a business economist, you will function as a forecaster and analyst of business conditions.
You will study three main areas of economics - macroeconomics, microeconomics and statistics. Macroeconomics concentrates on issues that affect an entire society, such as inflation, unemployment, investment, economic growth and international trade. Microeconomics focuses on the market competitive structure and performance, and resource allocation using the supply and demand model to determine prices and quantities. Also, available is an emphasis in real estate.
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