Why are some countries rich while some others are poor? What are the drivers behind unemployment or inflation? How do people respond to incentives and how do we efficiently distribute the means of production in a world where resources are limited and inherently scarce?
Economics is a broad discipline which helps us to find answers to these questions and whose applications include finance and banking, health, immigration and environmental issues. Studying economics opens many exciting and stimulating career paths in both the public and the private sector. Typical jobs for graduates in economics include journalists, professors, governmental advisors, consultants and private sector employees of large (inter-) national banks and companies.