ECONOMICS (ARTS & SCIENCE) University of Lethbridge

Program Description

Economics is a behavioural science that studies the conditions under which individuals provide the best possible satisfaction of their needs. It is not specifically about money, things or material objects — it’s about the consequences of individual decisions made under conditions of scarcity. Everybody thinks of and deals with economics whether they are aware of it or not. It concerns everybody and everything, transcending time and space, and is at the core of our civilization and human existence. It is a means of looking at all human interaction, regardless of culture, race or gender. As an economics student, you will gain a deep understanding of the decision making process at the individual, firm or government level. You will learn how unhampered market processes lead to efficient production of goods and services, and the effects of interfering with these processes. You will deal with a variety of topics, such as the comparison of economic systems, the economics of marriage and family, as well as banking and private property rights. You’ll also delve into current concerns like employment, inflation, government bailouts, the national debt, nonrenewable resources, agriculture and the environment.

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