Economics is known as the “intellectual crown” of the modern market economy. It governs the dynamics driving many crucial decisions in modern life, from personal time management, household consumption and investment, to urban planning, labor allocation, fiscal management, macroeconomic stabilization and global finance. Built on mathematical logics and statistical analyses, economics employs an extensive toolkit of quantitative methods, including mathematical modeling, computation, statistical analyses, data-mining and machine learning, to understand issues and policies key to social decision makers. The study of economics is literally everywhere and the skills one learns from economics can be applied in every arena in life. This is why economics graduates are highly sought after by employers of a wide range of sectors and are popularly accepted by postgraduate programs in many fields.
Extra Notes
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