Economics

Economics, the study of how people allocate limited resources, plays a crucial role in understanding current social problems. It explains wealth disparities within and across societies, which are often at the heart of political and social tensions. As natural resources become increasingly strained and the threat of climate change grows, economics will play a central role in how effectively societies can respond to these challenges. Sustainable, inclusive solutions to poverty and ecological damage are in high demand, and economics holds the power to help create them.