Economics is the study of how individuals, firms, and nations manage and use resources. It is broken down into microeconomics, which examines individual decisions, and macroeconomics, which is concerned with the economy as a whole. Both types of economics utilize historical trends and current conditions to inform business decision-making and make predictions of how markets will behave in the future You should study economics if: - You have ever wondered why we can’t just print more money - You want to know about taxes - You are interested in finding out about the ‘cost of living crisis’ and inflation - You have ever wondered why people are homeless in a rich and developed economy. - You want to know how institutions like the NHS and schools are funded - You want to know more about Brexit and the European Union - You want to know about the 2008 financial crisis and global recession.