Economics

Studying Economics

As a field of study, economics focuses on the economy of states and the connection between the economy and human action. The aim is to analyze economic problems and possible solutions: on the one hand, in relation to the economy as a whole (macroeconomics), and on the other hand, at the level of actors such as companies and households (microeconomics).

Studying economics will provide you with in-depth economic knowledge thatwill enable you to understand and forecast phenomena such as inflation and the business cycle. To do so, you’ll need knowledge of economic policy and theory, finance, and law, as well as mathematics and statistics.

In an economics degree program, you’ll deal with issues such as market structures, the labor market, growth and development, as well as examine international trade relations and the distribution of scarce resources. You’ll become acquainted with typical models such as game theory and learn more about the calculation and application of these models.

Studying economics often offers different areas of specialization. For example, you might specialize in fields such as educational or environmental economics. Typical degree programs in this field of study include economics and applied economics.