Economics is a social science that studies human activities related to livelihood—production and consumption of goods and services to satisfy wants. It explores how humans, as political, psychological, and economic beings, utilize limited resources, making the most efficient use possible. The discipline is built on microeconomic theory, which looks at individual units like consumers and producers, and macroeconomic theory, which examines the economy as a whole, addressing issues like unemployment, inflation, and economic growth. The course aims to help students understand the relationship between these theories and other fields within economics, preparing them for potential further studies or careers focused on economic analysis and policy-making.
Why this course is highly recommended
This course is essential for students interested in understanding how human activities are connected to societal structures and resource management. It provides practical knowledge of economic principles, along with opportunities for applying theoretical concepts in real-world situations through electives like econometrics and mathematical economics. Moreover, the inclusion of a co-operative education option allows students to gain valuable work experience, making them more competitive in the job market after graduation.
The program offers a strong foundation in both microeconomic and macroeconomic theories, with elective courses that include advanced topics like mathematical economics and econometrics. Students can also choose to follow graduate studies in economics by including specific courses such as Mathematical Economics and Econometrics II, as well as Advanced Microeconomics and Macroeconomics.
Application fees
42.58L
1st year tuition fees
42.58L
Living cost
Students pursuing a major in economics need to complete 54 semester hours, including core courses in microeconomic and macroeconomic theory, econometrics, and economic methodology, along with six elective courses—at least three at the 3000 or 4000 level. For a minor, students must complete 21 semester hours, including introductory courses, intermediate theory, and at least one course at the 3000 level or above. Mathematics and statistics courses support the program, with specific courses recommended for students interested in graduate studies.

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While specific career pathways are not detailed here, an economics degree equips students with analytical skills applicable in numerous fields, including finance, policy analysis, research, and business strategy. The program prepares students to understand market dynamics and resource allocation, which are valuable skills in many sectors.