Economics is the study of the processes and decisions that influence the production and consumption of goods and services by individuals, firms, governments and other institutions in an economy. It explains how income is generated, how income is used, how resources are employed and how goods and services are exchanged and distributed. Economics is concerned with consumers, workers, industry, commerce and government at the level of the individual and the market (microeconomics) and the national economy (macroeconomics).
Topics Covered
What is economics about?
How are economic decisions made?
What can markets do?
What is the relationship between policy and economic performance?
How is the economy influenced by international economics?
Skills Developed
Analysis and evaluation, problem-solving, numeracy, cultural awareness and communication.
Possible career pathways
Many courses include elements of Economics in a wide range of third level areas of study including: BIS, Commerce, Finance, Marketing, Politics, Sociology, Mathematical Sciences and Nutritional Sciences.