Economics
Economics is the study of how society allocates scarce resources (land, labor, capital) in an attempt to satisfy unlimited wants. It is broadly divided into two branches: Macroeconomics and Microeconomics. Macroeconomics is concerned with the workings of the economy as a whole. It is the study of broad measures of economic performance: Gross Domestic Product (GDP), unemployment, and inflation. Given these measures, it considers the role of the government in guiding the macroeconomy. Microeconomics focuses on the role of individual decision-makers—consumers and firms—and analyzes the efficiencies and failures of a market system. The potential role of government to wholly or partially correct
Courses
- STAT C1000 — INTRODUCTION TO STATISTICS