Each day, many decisions are taken affecting the economy.
Consumers decide how much to spend and what to purchase.
Businesses decide which goods and services to produce and how best to supply them. The financial sector provides banking, insurance and other services. Government takes decisions affecting interest rates, inflation, spending and unemployment. Economics aims to understand the activities of these different groups and how they fit together. Economics is a major subject in the BA degrees of the Strathclyde Business School and the Faculty of Arts and Social Sciences, and also in the BSc degrees in Technology and Business Studies, Mathematics with Economics, and International Business and Modern Languages.