At the department of Economics, courses have been organized into three main categories to guide and train students properly: Economic Theory; Applications and Institutions; and Economic History and History of Economic Thought. Economic theory comprises courses emphasizing different theoretical concepts using mathematical and quantitative methods. Applications contain courses in which all of the tools economists' uses are brought to bear on particular economic phenomena. The history courses cover ways in which economic analysis can offer insights into past events and the process of social evolution, and the evolution of economic analysis itself.

Economics is a social science that studies the way in which societies are organized to produce the goods and services that sustain and enhance the life processes of the community. As a fundamental scientific discipline, economics employs systematic analysis in the study of the production and distribution of income within and among nations. A foundation of theoretical models and empirical knowledge is used to gain a greater understanding of a wide variety of topics. In fact, the 'economic way of thinking' also gives students the analytical training and tools to grapple with many issues generally considered to lie outside the confines of economics, such as those usually studied in law, sociology, political science, history and philosophy. Economics is a problem based social science that deals with some of the most serious issues confronting society (e.g., deficits, poverty, inflation, unemployment, economic growth, energy, pollution and military spending) and problems affecting individuals (e.g. wages, cost of living, taxes and voting rights).

The discipline of economics draws upon the traditional liberal arts such as history and philosophy; natural sciences, such as mathematics and physics; and other social sciences, such as political science, sociology, and psychology. The interdisciplinary nature of economics greatly enhances the intellectual and practical value of the subject.

The Economics courses at BNU are designed to enable the students:
•  To think analytically and critically;
•  To take complex problems and simplify them in relation to their key components;
•  To use up-to-date theoretical ideas as a framework of understanding;
•  To use statistical and econometric techniques to test theoretical models in relation to real world     problems;
•  To think strategically when put into situations of potential conflict;
•  To communicate ideas effectively both verbally and in writing.