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Economics is a degree category that consists of the following common degrees:
- Read more about Economics
A degree in economics is valued in multiple industries. From a general perspective, though, programs in the field teach students how the global economy works and prepare them to apply critical thinking and problem-solving skills to real-world issues. Typical coursework includes:
- Macroeconomics – concerned with large-scale or general economic factors, such as interest rates and national productivity
- Microeconomics – deals with decisions about the allocation of resources made by individual consumers, individual firms, and households
- Mathematical Modeling – uses math in worksheets, puzzles, games, and quizzes to model or represent how something in the real world works
- Statistics – the science of collecting and analyzing numerical data in large quantities, with the goal of describing real-world data or relationships
- Banking Systems – how banks and other financial institutions make money by lending money
- Financial Markets – marketplaces where trading of securities, such as stocks and bonds
- Technologies – in economics, this refers to new ways of doing things; of producing things faster, in better ways, or more cheaply.
Some economics specializations are:
- Development Economics – focuses on the economic aspects of development in low-income countries
- Environmental Economics – studies how environmental problems, such as climate change, and government environmental policies affect the environment
- Health Economics – is concerned with markets and government policies that impact access to health care
- Industrial Economics – studies firms, industries, markets, prices, and competition
- International Economics – is focused on international trade and how international differences in resources and consumer preferences impact it
- Labor Economics – looks at markets and how they affect wages, pension plans, and other worker benefits
- Public Economics – studies how government finance and policies impact the economy
- Regional and Urban Economics – studies things like education, housing, public services, crime, and local government finance to come up with economic snapshots