What is economics?

As published on the Reserve Bank of Australia website – https://www.rba.gov.au/education/resources/economics/

What is economics?

Economics is commonly described as the study of how societies allocate limited resources to meet their needs and wants. It is about people making choices under conditions of scarcity and uncertainty. It is present in much of what we hear about and do in our daily lives.

Meet some of our economists and learn about what they do.

This poster lists skills economists use and issues to which they are applied.

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