Department's Overview: Economics
The Department of Economics provides students with various economic theories that are useful in understanding the workings of the economic system. The department also teaches students how to apply those theories to practical problems in our society. For example, how macroeconomic variables such as GDP, the unemployment rate, the inflation rate, and real growth are determined is one important topic taught in this department. The department also takes up some issues related to resource allocation and its control, income distribution and economic inequality, etc.