The study of exchange of things of value in markets.

Economics comprises two main fields – micro (decision-making by agents) and macro (high-level trends).

Any business – retail, B2B and professional services – operates in a broader economic environment.

Understanding micro economics helps anyone to make better and more logical decisions.

Understanding macroeconomics will help you to understand the background forces driving revenue, costs and other factors affecting your business performance. 

Economics resources abound on the web, but we recommend central bank resources such as the Federal Reserve education and Reserve Bank of Australia.