The discipline of Economics offers powerful tools for understanding social interactions. It investigates what prompts individuals to take certain decisions and how such decisions affect everyone else. The study of Economics helps in designing mechanisms and policies to achieve organizational or societal outcomes that are valuable or sustainable, and efficient. Modern Economics has made significant contributions in understanding issues in business, finance and industry, politics, public policy and social issues.
The department is staffed with faculty who actively research various sub-disciplines in economics including economic theory, macroeconomics, political economy, development economics, environmental economics, industrial organization and finance.
The department of Economics currently offers a B.Sc. (Research) in economics program, Master of Science program, and a PhD program. In addition we offer a minor in economics at the undergraduate level to students who are interested in economics but do not necessarily want to major in it. All SNU economics teaching programs follow the same philosophy: we not only impart excellent training in economics which is comparable to internationally acclaimed programs but we also encourage our students to be creative thinkers, who can offer innovative solutions to problems arising in their workplaces and the wider community they are a part of. To meet this goal independent research is an integral part of all our teaching programs.