Economics is a social science that deals with the study of consumption and production, as well as distribution of services and goods. Economics develops theories and models that help to inform the decisions of governments, firms and consumers.
Whilst economics has a clear subject focus, over the years, it has frequently overlapped with other areas of study. As such there has been a trend to expand the horizons of your economics degree and take on board insights from related disciplines such as anthropology, sociology and psychology.
Common courses related to economics are:
- Economics and philosophy
- Economics and politics
- Economics and psychology
- Economics and sociology
- Economics and physics
- Economics and mathematics
- Economics and anthropology
- Economics and ecology
Economics related courses can be segregated further into other areas such as behavioural economics, business economics, health economics, health economics, managerial economics, development economics, and agricultural economics.
Learn more about courses related to economics below and if you would like to learn more or begin your application, arrange a free consultation with SI-UK India today.
Courses Associated with Economics
Behavioural Economics Courses
Behavioural economics courses will provide students with a clear understanding of what people do and why they do it by combining elements of economics and psychology. It will help students to understand how behavioural principles have been applied to economic problems in both microeconomics and macroeconomics.
Behavioural economics is based on the empirical observations of human behaviour that have demonstrated that people don’t always make decisions that are considered “optimal” or “rational” by neoclassical economists.
Common examples include gamblers risking more money on a bet even after losing or winning despite knowing that the odds remain the same.
Business Economics Courses
Business economics is an integration of business practice along with economic theory, with the purpose of facilitating forward planning and decision making by the management.
Business economics is also referred to as managerial economics because of the integration of business practice with economic theory.
Business economics plays an integral role in business practices and in daily economic life. Organisations are concerned with producing maximum output in an economical way.
There are two circumstances of business issues on which the economics theories can be applied:
- Microeconomics applied to operational or internal issues
- Macroeconomics applied to environmental or external issues
Health Economics Courses
Health economics is a branch of economics that deals with issues that are related to the efficiency, effectiveness, behaviour and value in the consumption and production of health and health care.
Health economics is an applied field of study which allows rigorous and systematic scrutiny of all issues related to promoting health. The subject tries to understand the behaviour of individuals, health care providers, private and public sector by applying the economics theory of producer, consumer, producer and social choice.
Development Economics Courses
This branch of economics focuses on improving economic, fiscal, as well as social conditions in developing countries. Factors such as health, working conditions, education, international and domestic policies are considered in development economics.
Macroeconomics and microeconomics factors are also examined in development economics to structure the development of domestic and international economic growth.
Common types of development economics are:
- Mercantilism
- Economic nationalism
- Linear stages of growth model
- Structural-change theory
Development economics master’s courses are highly popular among international students who are planning to study in the UK.
Agricultural Economics Course
Agricultural economics is an applied social science that deals with how producers, consumers, and societies use scarce resources in the production, marketing, and consumption of food and fibre products. In agricultural markets, the forces of supply and demand are at work.
Through this course, students will examine agriculture issues of environmental quality, food safety, management of biotechnology and globalisation from a business context. Applicants will study a supply chain perspective of science, technology, production practice, product handling, product marketing systems.
Study Economic Courses in the UK
Do you want to learn more about the best courses related to economics that you can study in the UK? Book your free consultation with SI-UK India today and get expert advice on studying economics in the UK.
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