BA in Economics and Business (Honours) in St. Catharines Canada | Brock University

The field of economics is split into two main branches: Microeconomics and Macroeconomics. Microeconomics analyzes how market systems function under varying competitive conditions, exploring the economic choices made by individuals, households, and businesses, and how these choices combine to shape market results. It further evaluates how efficient these market outcomes are and their societal benefits. Macroeconomics investigates the workings of larger economic systems and major sectors, concentrating on economic indicators like employment rates, joblessness, and the difference between actual economic output and its potential. This study helps pinpoint elements that contribute to long-term improvements in living standards. Macroeconomics also focuses particularly on monetary aspects, price inflation, borrowing costs, and currency valuation.

The methods and frameworks from both micro and macroeconomics are utilized across various economic specialties, including business structures, workforce economics, global commerce, growth economics, fiscal policies, and public spending. Additional disciplines like financial systems and cross-border transactions employ economic principles to examine capital markets. These studies generate valuable conclusions and forecasts that inform government decisions on numerous important matters.