The study of the production, consumption and transfer of wealth, and developing and analysing models that describe this behaviour. The main purpose of this narrow field of education is to develop an understanding of economic theory and its relationship to the production, distribution and consumption of wealth, macroeconomic and microeconomic theories, the structure of the local economy and its relationship to overseas economies, and the effects of economic decisions on individual, business and government behaviour.
Economics and Econometrics develops skills in:
Economists perform economic research and analysis, develop and apply theories about production and distribution of goods and services and people's spending and financial behaviour, and provide advice to governments and organisations on economic policy issues.
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