What are the two major branches of economics, and the importance of economics in education?
The two major branches are macro and micro economics. Economics is an elective in most schools. Even though it is an elective it is not easy what so ever. An understanding of Economics is very important if one is to do something in the social sciences and micro economics is important for those who are going to start their own business.
Two major Branches of Economics 1.Micro Economics 2.Macro Economics Importance of Economics in Education as follows: By studying and anlysing the theories and policies in Economics, we can understand how it is very vital in all the subjects, especially for Education. 1. When we study Economics, we automatically analyse the meaning thereby we study about society 2. Unless we study economics, it is not possible to understand the country as a whole 3. It is inevitable to anyone who learns about the society’s income and country’s 4. Human behaviour,wants,money movements etc.,are very important. These are our integral part of life.Hence, The Economics subject help us to ease this. 5. Economics is the only subject, that gives the best solution to everyday matter of Demands,supplies,choices,wants,utilities etc., 6. Without Economics, no single day can pass directly or indirectly. Even the illiterate should touch the economics topic unknowingly in life journey 7. Other subjects can formulate t
