Economics is the study of rational decision-making in the face of scarcity. As such, an understanding of economics is helpful in any field where decisions are made. Thus, economics is useful in business, in politics, in international relations, in alleviating poverty and inequality, in managing our
DurationEconomics is the study of rational decision-making in the face of scarcity. As such, an understanding of economics is helpful in any field where decisions are made. Thus, economics is useful in business, in politics, in international relations, in alleviating poverty and inequality, in managing our environmental resources, in promoting development, in managing our health care system, etc.
Our individual and social goals are constrained by the scarcity of our resources. There is only so much clean air and water to go around; our society has a limited number of workers; we have a limited supply of natural resources with which to work; our governments are constrained by their budgets; as individuals, each of us is constrained by a budget that depends on our incomes; and there are only 24 hours in a day. Because of this scarcity, we are forced to make decisions regarding the best ways to manage our resources. Economics helps us make better decisions.
Economics is relevant for students hoping to find employment in a wide variety of fields. Some of the careers where a sound knowledge of economics is essential include the following:
Located in Mi’kma’ki, the unceded and ancestral territory of the Mi’kmaq People, Mount Saint Vincent University (MSVU) is strongly committed to fostering equity, diversity, inclusion, and accessibility (EDIA). MSVU is an institution that was established by women for the advancement of women with social responsibility and social justice at its core.
MSVU embraces the diversity of its community and is committed to efforts that enhance diversity, equity, inclusion, and accessibility across all facets of the university, within its local community, and in society at large.
MSVU is made up of more than 4,000 students (representing close to 70 countries), 600 faculty and staff, and more than 35,000 alumni. Its research centres provide unique learning opportunities for students while facilitating critical advancements in food security, healthy aging, Alzheimer’s disease, literacy, childhood development, and more.
Faculty members and departments offer early access to hands-on research opportunities enabling both graduate and undergraduate students to enhance their education by working alongside forward-thinking researchers. As a university committed to scholarship that nurtures global citizenship, leadership, and promotes the advancement of women, MSVU seeks to enhance and enrich its models of teaching and research.
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