Economics is the study of choices. It explains how individuals, businesses, governments and societies make decisions in a world where resources are li​mited. The tools used in economic analysis will equip students with problem-solving skills. A Minor in this field will help students to think logically, rationally and rigorously. Students will have the opportunity to learn more about banking, finance, globalisation, employment, economic growth, and also about broader issues such as the environment, poverty and the Third World. In general, knowledge of economics is an indispensable tool for making sense of the intricacies of the modern world. It is an extremely useful minor in any undergraduate curriculum.

The Economics Minor is an excellent complement to the curriculum of students in economics-related majors such as Business and Accountancy. It is a valuable addition to the curriculum of an Engineering major planning a career in a managerial position or intending later to do an MBA. Similarly, economics provides highly relevant background knowledge for a student of Communication Studies who is hoping to go into journalism or to work for an international organisation. Because economics is a social science subject, majors in Sociology or Psychology will also find the Economics Minor helpful.