BA in Economics in Philadelphia United States | University of Pennsylvania

Economics serves as a social science and a key element within liberal arts education. It focuses on theories explaining how individuals, businesses, and institutions make decisions and interact, considering the limitations they face. Key areas of study include price and quantity dynamics across different market structures (ranging from competitive commodity markets to regulated utilities and online auctions), the impacts of taxation, subsidies, and regulations, macroeconomic indicators like GDP and unemployment, inflation, monetary policy, financial systems, economic development, wealth distribution, and global trade and finance (including exchange rates). The Economics Major equips students with foundational economic knowledge, offering valuable preparation for careers in public policy, business, or finance.