Department of Economics

Economics is the study of how scarce resources should be managed to satisfy human needs. The economic aspect of modern life always prevails among the human activities. In addition, benefiting from the material welfare the economic aspect provides, modern human recognizes the other aspects of life better, and makes preferences accordingly to benefit more from them and enjoy them.

There is no doubt that the quality of life cannot be confined only to economic aspect. However, one can only grasp the quality of economic life and the unexhausted opportunities it provides with an extensive economics education. People who grasp the analytical approach of economics as a science and use the tools of the science for day-to-day preferences as well as for life-long choices can recognize the costs and benefits of the opportunities they take and miss accurately, and in doing so, they can be the leaders in prospering themselves, their immediate circle, and the society they live in.