Economics is the branch of social science that studies how individuals, businesses, and governments choose to use limited or scarce resources in the effort to meet the demand for things they want to consume. It considers the production, distribution, and consumption of goods and services at the governmental, corporate, and individual levels.
The Economics program at MCC examines how human behavior, beliefs, structures, constraints, and needs impact economic decision making. As a student in the program, you will study theories such as supply and demand, competition and monopoly, and market equilibrium, among many others. A strong knowledge of economics allows you to analyze and understand current market trends and economic structures within society and helps you to become a more well-informed participant in the political process.