A degree in economics examines resource allocation, wealth and incentives, among others. Economics is useful for graduate courses of study including law and business management, as well as some undergraduate degrees. The courses are set in a solid foundation in microeconomics, macroeconomics and calculus. Students who are interested in economics applications may consider enrolling in classes which give them an opportunity to examine real-world problems, while those students who wish to pursue a doctorate in economics can consider higher-level mathematics.
The courses include one or two lessons that examine the principles of micro and macroeconomics. Concepts such as economic modelling, monetary policies, fiscal policies and market outcomes are covered as well. Some universities allow IB and AP students with good test scores to skip intro classes. Universities even allow students a choice between Bachelor of Arts or Bachelor of Science in Economics. Bachelor’s degree students may also choose a different track such as policy, strategy or finance, depending on what the school offers.