Economics is a social science dedicated to the study of decision-making under scarcity, and the factors that influence wealth. Economics involves financial topics and broader historical, sociological and cultural topics ranging from the individual (microeconomics) to governments, industries and central banking (macroeconomics). This extensive and multidisciplinary study of the economy is what sets it apart from other seemingly similar topics such as Business or Finance.
Students will gain insight into the long-term effects of policy on communities by studying:
- Resource Allocation
- Current Policy Debates
- Statistics
- Economic Theory
- Incentives
- Econometrics
- Decision-Making
Students will also gain a marketable edge through field and specialty courses focused on labor, natural resources and industrial organization. The natural ebb and flow of the economy means that economics is a changing and dynamic field. Lakehead University's continually updated course content reflects new theories, information and current events impacting the Economics field.