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Economics: Private and Public Choice
Private and public choice deals with the ways economic thinking is applied in making choice among private and public goods as the goods are scarce. It explains how decision makers make choices under information scarcity and how incentives offered affect the economic actions in the world economies.
Engineering Economics
Engineering economics is the application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.
Health Economics
Health economics explores the application of economic theories and techniques in the allocation of scarce resources related to health and healthcare. Economic evaluation of different aspects related to decision making by individuals and healthcare providers come under health economics.
International Economics
International economics is the study of economic interactions between countries in order to understand the patterns of trade among them. It analyzes the difference in resources and consumer preferences across nations and their impact on foreign direct investment, balance of payments, and related metrices.
Labor Economics
Labor economics is the study of all the factors which contribute to the efficiency of the labor force. It helps in understanding the issues related to the functioning of the labor markets, workers safety, gender equity, job security, determination of fair wages, bargaining through trade unions and job satisfaction.
Macroeconomics is the branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.
Managerial Economics
Managerial economics helps managers to take business decisions. It involves the application of economic theories, models and methods in understanding the business problems and solve them.
Microeconomics is the study of decisions made by households and business firms at individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.
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