What is Economics?

What is Economics?

The study of economics is often confused as being the study of money, banking or stocks however, the field of economics spans far greater than these components of the economy. This page aims to break down some of the biggest myths surrounding the subject and explain the kind of questions economics seeks to answer. We hope this also provides some insight into how studying economics can lead to a fulfilling and exciting career.

What Economics is Not?

There are many misconceptions surrounding the study of economics. Before we discuss more about what economics is, first it is probably best to tackle some of the biggest myths of what economics is about. Economics is often thought of as:

  • The study of money
  • Only for people who want to make money
  • Studying stocks and bonds
  • Doing equations on a blackboard
  • Pro-capitalism