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ECONOMICS

This Economics specialisation is designed to train students as economic professionals, nurturing their critical thinking and analytical skills in social or public policy reforms and debates in a contemporary global economic context. The programme strengthens the students understanding in mandatory economic theory and practices, primarily on the two core areas of micro and macro-economics and advanced quantitative techniques of modern economics.

SUBJECTS TAUGHT

The syllabus is grounded in real world streams of concentrations, such as principles of economics, economic modelling and estimation, economic theory and policy, development economics, environmental economics, industrial economics, financial economics, applied econometrics, and many more. Students will have acquire theoretical and practical knowledge of modern economics, and thus enable them to critically understand and evaluate global businesses, in relation to various economic issues.

 

Developmental Economics

The course begins by exploring the prospects for economic growth and development in poor nations as indicated by economic analyses and historical growth experience. It further explores the classical theories of economic development. Important issues, such as policies, solutions and implications, pertaining to inequality, growth and poverty are discussed thoroughly. The Human Capital Theory and the role of education and health in development are also discussed. Focus includes not just on the quantity but also the quality of service provision and the impact of AIDS on the developing economies. In addition, agricultural institutions and stagnation, sustainable development and environment degradation are explored along with policies that can be followed by developed and developing countries to solve these problems. The course further takes a detailed look at the role that international trade, foreign investment and foreign aid plays in development. Examples from Asia, Africa and Latin America are used to illustrate different problems and solutions of development.

CAREERS AND PROSPECTS

The economics degree primarily provides the students with the required training in economic principles, econometric techniques, mathematical modelling, and critical analysis of recent economic issues. Therefore, a degree in economics offers manifold successes and realizations such as providing a strong foundation or gateway to a diverse set of career opportunities in renowned organizations either in the private or public sectors of a country.

Particularly, an economics graduate can choose different available options for their careers, such as economic analysts, advisers, consultants and economists. The degree also offers a means of actively engaging and practically understanding many of society’s most persistent economics issues. 

INTERESTED?

This specialisation is offered as an option as part of the Bachelor of Business (Hons) degree.

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