Key Areas of Economics You Can Specialise In

Major Areas Within Economics

Economics is a broad discipline with several areas of study. As students progress, they may become more interested in particular branches depending on their academic strengths and career plans.

Microeconomics

This focuses on individuals, households, firms and the way they interact in markets.

Macroeconomics

Macroeconomics examines the economy as a whole, including economic growth, inflation, unemployment and national economic activity.

Econometrics and Quantitative Economics

This area uses mathematical and statistical techniques to analyse economic relationships and data.

Development Economics

Development economics considers economic growth, poverty, inequality and other issues affecting developing economies.

International Economics

This field examines economic relationships between countries, including international trade and other cross-border economic activities.

Monetary Economics

Monetary economics deals with money, monetary systems and the factors that influence monetary conditions in an economy.

Public Economics

Public economics looks at government revenue, expenditure and the economic effects of public-sector decisions.

Labour Economics

Labour economics examines employment, wages, workers and the relationship between labour and economic activity.

Agricultural Economics

This area applies economic principles to agriculture, agricultural production, markets and related economic decisions.

Environmental Economics

Environmental economics considers the economic effects of environmental issues and how resources can be managed.

Not every university will offer all of these as separate options or courses. The areas available to a student depend on the institution and its curriculum.