Ever wonder why some countries are richer than others? Ever question why income inequality has been growing? Ever wonder why Canadian politicians worry when other countries may be going bankrupt? Economics can answer all these questions. 

Economics examines how individuals and society make choices in a world where resources are limited. It focuses on the production, distribution and consumption of goods and services. Two important themes are efficiency (the absence of waste in the use of resources) and fairness. Since making choices is central to all human activities, studying economics often helps explain why people and governments behave in certain ways.