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The economy is the central focal point of the running of our society's business endeavours. By understanding the production, distribution, and consumption of wealth along with their financial implications, you’ll learn the skills to be a valued advisor in a business or governmental setting. As an Economics major, you'll obtain the analytical tools to forecast and understand a variety of social, political, and business issues through internships and practical research. Economics is a popular choice as a double major with Finance, Mathematics, or International Studies. Economics is one of the most popular minors at the University.

WHY CHOOSE ECONOMICS?

Economics is one of the great social sciences. It encompasses how human beings interact with their world and investigates the great mysteries of how people can attempt to control their lives. Economists are in the important profession of helping businesses, governments, organizations, and citizens see trends, assess risks, and take advantage of opportunities. Because economics is such a critical area of policymaking, it is vital to have a significant understanding of its workings.

WHAT WILL YOU STUDY?

Your studies will focus on the production, distribution, and consumption of wealth. You will gain an understanding of how society distributes scarce resources such as land, labour, raw materials, and machinery to produce goods and services. Research assignments will teach you to collect and analyse data, monitor economic trends, and develop forecasts. You’ll see how economists may analyse energy costs, inflation, interest rates, imports, or employment levels, and then use their understanding of economic relationships to advise businesses and other organizations. You may also be a part of the Department of Economics' joint research project with the Middle East Council of American Chambers of Commerce (MECACC).