Economics is about choice and is at the heart of all decision-making. Governments, businesses and individuals are all faced with making choices in situations where resources are scarce. As a result, Economics is applicable in a wide range of fields, including business, finance, administration, law, local and national government and, indeed, most aspects of everyday life. One of the strengths of Economics is that it provides a logical way of looking at a variety of issues. It is not just a subject - it is a way of thinking. In studying Economics you will examine topics of obvious importance to human well-being, for example unemployment, economic growth, inflation, poverty, the distribution of income, and resource allocation in areas such as education, health, business and the environment.

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