In its most simple and concise definition, economics is the study of how society uses its limited resources. Economics deals with the production, distribution, and consumption of goods and services. It involves understanding of
The Economics Department at mLAC gives students a solid foundation in economics, since this is one of the earliest departments to operate in this institution. We believe students in economics can benefit greatly through active engagement with different schools of thought, we bring to the classroom perspectives that are truly eye opening.