What is economics? How many types of economics courses are there?

<p>Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices in allocating resources to satisfy their wants and needs and tries to determine how these groups should organize and coordinate efforts to achieve maximum output. Economics can generally be broken down into macroeconomics, which concentrates on the behaviour of the aggregate economy, and microeconomics, which focuses on individual consumers. The majority of universities offer Bachelor's (BA Economics or BA Hons Economics) and Master's degrees (MA Economics or M.Sc Economics) programs. Business economics is a field in applied economics that uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. Business economics is the study of the financial issues and challenges faced by corporations operating in a specified marketplace or economy. Business economics deals with issues such as business organization, management, expansion and strategy. Studies might include how and why corporations expand, the impact of entrepreneurs, the interactions between corporations, and the role of governments in regulation. Multiple universities offer Bachelor's (BBE) and master's degrees (MBE) in business economics.</p>

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