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If you’re freshmen seeking admission to study economics, here are few things you must know before majoring. 4 Reasons Why You Should Study Economics Economics is the study of the management of the resources. Economics teaches you the use of limited resources to meet the needs and wants It helps you understand certain criteria such as efficiency, equity, and stability Microeconomics is the analysis of markets such as healthcare, communication, etc Macroeconomics focuses on the behavior of an economy, the aggregate output, economic stability and growth Majoring Fields in Economics Behavioral Economics: Study of cognitive and economic dimensions Business Economics: Study of how big firms make economic decisions Economic Development: Development of economies under certain policies Health and Education Economics: Study of educational attainment and the impact of govt policies There are many other majoring fields as well. Thorough research can help you choose the right study field for you. Read more: https://bit.ly/2E80cHX Follow us Facebook : / homeworkminute Instagram : / homeworkminutes_ Twitter : / homeworkminute