what discipline is economics in
Economics is a discipline that can help us answer these questions. Economics can actually be defined a few different ways: itâs the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, itâs a much broader discipline that helps us understand historical trends, interpret todayâs headlines, and make predictions for coming decades.