| Faculty: | Faculty of Arts and Science |
| Description: | Why should you study Economics? At its core, the social science of economics is concerned with the material well-being of human societies. It will help you understand the world in which you live and work. It will equip you to succeed in an increasingly knowledge-based and interdependent global economy. It will allow you to identify, describe and improve the strategies and incentives used by individuals, businesses and governments.
Economics will arm you with the tools to face a surprisingly wide range of problems that affect our everyday lives. Students in economics will learn how to document and value risk, study labour markets and global trade, design and assess government policies, and describe the operation of international currency markets. But there are so many other questions economists can ask. What determines the prices of goods and services? Why do stock and bond prices rise and fall? Why do some people earn so much, while others earn so little? Can carbon taxes slow global warming? How much should you spend or save? Where should you invest your savings? Should you buy a house? How does the tax system affect you, your family and the businesses in your neighbourhood? By showing you how to systematically address these questions and many, many more, economics will help you make better decisions in your personal life, in business and as a global citizen.
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