Economics and finance are two critical disciplines concentrating on the core activities of modern societies. Economics, which is a relatively well-established social science, analyses key processes of production, consumption, allocation, and distribution in economies and aims to offer solutions to the problems related to those. In a very general sense, finance focuses on the monetary aspects of economic activities. The growing role of financial activities, financial markets and financial institutions for the functioning of economies and for the behaviours of economic units over the past few decades has given a further basis to finance as a distinct and essential discipline.
With remarkable developments, especially driven by technological advancements, productive and financial activities are carried out within more complex international structures, national economies get more integrated, and economic and financial issues deepen and become global. The destructive potential of international economic and financial integration has recently been exposed during the Covid-19 pandemic. The pandemic also brought about significant changes for national economies as well as the world economy, accelerated already ongoing processes, while rising uncertainties. It led to the climate change to come forward among critical problems faced by the humanity. As a result, green transformation, more specifically, green economy and green finance have been widely voiced.
Therefore, we need to understand the transformation process that the world economy, as well as the economy we live in, goes through from a broader perspective with social and political aspects, and make sensible projections regarding the outcomes of this process. On the other hand, all these changes indicate that economic and financial issues do not only concern states and corporations, they are at the very centre of our daily lives.
If you would like to specialise in economics and finance, to understand and transform the world we live in into a better place, this programme is for you.
