Economics is a social science that deals with the production, use, and transfer of wealth.

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Faculty of Business

Economics is a social science that deals with the production, use, and transfer of wealth. It concerns issues that impact on financial situations and examines the distribution of wealth amongst organizations and individuals. Also, It’s the study of scarcity, the study of how people use resources and respond to incentives or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years.

Economics ranges from the very small to the very large. The study of individual decisions is called microeconomics. The study of the economy as a whole is called macroeconomics. A microeconomist might focus on families’ medical debt, whereas a macroeconomist might focus on sovereign debt.

Why Study Economics?

The study of economics develops a wide range of analytical and critical thinking skills, which opens up many diverse career opportunities.  Economic analysis hones your skills at both understandings and influencing today’s policy debates.  A bachelor’s degree in economics prepares you for a career in not just business, banking, government, and financial transactions, but also areas such as urban planning, international development, policy analysis, journalism, education, and the non-profit sector.

Entrepreneurship at Galen

Studying a degree in economics at Galen University will give you a range of subject-specific skills that allow you to apply your knowledge of economics to real-world situations. The transferable skills you learn from economics are sought after by a variety of employers, whether you are looking to pursue a related economic career or explore other fields. You will have a unique way of thinking that you can apply to everyday problems. You will develop a range of skills such as:

  • Critical thinking
  • Communication
  • Numeracy
  • Research skills
  • Commercial and cultural awareness
  • Data analysis
  • Time management
  • Teamwork
  • Problem-solving
  • Computing

Sample Courses

Key courses that students will take in our accounting program include:

  • Microeconomics
  • Macroeconomics
  • Introduction to Information System
  • Calculus & Analytical Geometry
  • Intermediate Microeconomics
  • Intermediate Macroeconomics
  • Environmental Economics
  • Quantitative Methods
  • International Business
  • Econometrics
  • Economic Development
  • Comparative Economics

Career Opportunities

A degree in economics is highly respected by employers. You will gain a strong knowledge of how the world works and a variety of highly transferable skills that are sought after by a range of industries and employers. Examples of the jobs that you could pursue include:

  • Stockbroker
  • Economist
  • Data analyst
  • Chartered accountant
  • Statistician
  • Market research analyst
  • Economic consultant

You will also be qualified to work in jobs not directly related to your degree. Some of these jobs include:

  • Business development manager
  • Data scientist
  • Management consultant
  • Policy officer
  • Credit analyst

Economics is a social science that deals with the production, use, and transfer of wealth.