Economics

Course summary

Economics is defined as the “the branch of knowledge concerned with the production, consumption, and transfer of wealth” but in this day and age, it has grown exponentially. Economics borrows from multiple sciences e.g. sociology or law, to explain why and how people act to improve their well-being and wealth, e.g. behavioural economics borrows from psychology and history to analyse how past experiences may shape expectations about the future. (Source)