Economics is the study of human behavior concerning wealth relating it applying or allocating any present scarce resources to satisfying the always emerging human desires and/or needs. It is a mathematical and psychological issue concerning how a people may react or respond towards changes in prices and amounts of available goods and services on a large scale to interprete or forecast markets.
It's studied in universities and in primary and post-primary schools along with English and math as compulsory in some of the present institutions in the Financial departments. Some exams would place it as a part of the subjects and most topics have mathematical issues one may have to deal with, such as in Geography, Physics, Chemistry, Accounting etc. These problems have graphs and tables in them and maps.
I personally would recommend it for growth in people's minds. Most 'developed' peoples had it in their history and most 'undeveloped' peoples did not. The same goes for countries in their present or near-present considerations. You will names like Karl Max and stories like the Great Depression. The countries in the world are called 'developed' and 'undeveloped' depending on their economic and technological advance.
A grasp of Economics escapes people mostly because it is a human study primarily and it sometimes involves convolving issues that cause stress during reasoning, being a science of human behavior where, even though theories and procedures are kept formal and in lists, the are many and hard to follow sometime.
Below is a list of topics you would meet in the subject:
- |Introduction to Economics
- |Economic Problems
- |Supply and Demand
- |Elasticity
- |Consumer Behavior
- |Costs
- |Competition
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