The Department of Economics at NYU Stern stresses the development of tools, concepts, and techniques useful in problem solving, and is thus uniquely suited to serve the needs of the business and financial communities.
Economics can be divided into two broad areas: microeconomics and macroeconomics.
Microeconomics focuses on the theory and activities of individual consumers and businesses. It studies market structures, pricing policies, business strategies, and, generally, optimal decision making by economic agents.
Macroeconomics is concerned with aggregate economic activity and its determinants. It studies inflation, unemployment, and output and how monetary and fiscal policy affect all of them. Both micro and macro are useful in analyzing economic growth and historical economic developments.
Studying economics provides an invaluable perspective to anyone choosing a career in business or in areas of government involved with business.