Economics is the study of human decision-making, considered in relation to the economic tasks of life. It looks at how individuals within larger social groups, including communities, organizations, markets, and economies, make decisions about how much to work and play, spend and save. Economic analyses also consider how the economic decisions made by one group of people affect the decisions made by others. They then study how the aggregated effects of these decisions impact production, distribution, trade, and the consumption of goods and services across local regions, countries, and the world.
The Economics curriculum at NYU Abu Dhabi is designed to introduce students to these fundamental dynamics of human life and, in doing so, is grounded in three basic pedagogical principles:
- Undergraduate students must be exposed to the “big ideas” and pressing social issues of our world and given economic frameworks for thinking about them.
- Meaningful study of economics requires being able to think about problems from local, regional, and global perspectives.
- Effective economic reasoning increasingly involves a multi- disciplinary approach combining the best economic thinking with the best thinking in psychology, history, and politics.
Economics: Distinguished Faculty Highlight
Robert Allen, Global Distinguished Professor of Economic History, NYU Abu Dhabi
NYU Abu Dhabi is pleased to welcome Dr. Robert Allen, a versatile economic historian as a Global Distinguished Professor of Economic History. A Fellow of the British Academy, he has received numerous awards for his publications, including the Ranki Prize for his 1992 and 2003 works on the Economic History of Europe.
In 2009 his The British Industrial Revolution in Global Perspective was named Book of the Year by The Economist and the Times Literary Supplement. Bob’s research aims to understand the process of economic growth. Why are some countries rich and others poor? This research is focused on measuring changes in living standards across Europe and Asia between 1600 and 1900, measuring and explaining productivity growth in English agriculture between 1300 and 1800, understanding the origins of modern technology and research and development in the industrial revolution, and studying the impact of imperialism on Asian economic growth between 1870 and 1940.