| Faculty: | Irving K. Barber Faculty of Arts and Social Sciences |
| Description: | Economics is a social science concerned with choice and trade-offs among competing alternatives given scarce resources. Economics also studies how people interact with each other, how their behaviour reflects the incentives they face, and how they change their behaviour in response to different incentives. Economics has such pervasive influence in our lives that the modern age is often referred to as ‘the age of the economist’. |