BSc Economics

Economics, a social science, studies the production, distribution, and consumption of products and services. The scarcity of human, natural, and other material resources requires that these activities be well directed to enhance the general welfare of the global population. In the process of learning how human societies could accomplish such goals, economics has come to include a core of widely accepted general theory, techniques for using data to test hypotheses and draw inferences, and skills that are often refined by experience in the application of theory to particular problems.