Economics

Economics

[2A, 2B, 3A and 3B]

Economics is a field dealing with important and interesting subjects such as capitalism vs. socialism, management of inflation and unemployment, economic development of poor countries, pollution and global warming, energy policy, national defense, international trade and finance, social security, and many specific government policies such deregulation of health care, the minimum wage, agricultural price supports, and rent control.

It is a dynamic field that is constantly expanding its scope. Economics has been so successful studying its traditional subjects, that economists have invaded other areas of study and established new fields such as public choice economics (the application of economic analysis to the study of politics), law and economics (now a field in top law schools), household production theory (applying economic analysis to study household use of time, as well as marriage, divorce, child rearing), and bio-economics (where economists and biologists apply economics to biology).

Economics is a prestigious course. It is widely viewed as the top social science in the world today. There is a Nobel Prize in economics. Like physics, mathematics, chemistry, and biology, economics is highly respected as a successful academic field that operates at the highest intellectual level.

Economics is an extremely practical field, and a qualification in economics is excellent preparation for careers in business, government, and the law, as well as for specific areas in education, journalism, foreign service, consulting and politics.