Economics provides us with frameworks for examining a wide variety of real life problems and issues, and tools to measure and assess what will happen under different circumstances.

Economics explained

Economic tools help us examine the effects and implications of decisions. Economists frequently use statistical analysis. For example, the impacts of social policies may be broken down and analysed by population sub-groups such as ethnicity, gender, age and geographic region. Economists also make use of mathematical tools and procedures to estimate and project the likely effects of decisions.

In this section you will find a collection of articles that describe some common economic concepts and provide an overview of the workings of our economy.