Economics
Economics is a social science that studies how individuals, businesses, governments, and societies allocate scarce resources to produce, distribute, and consume goods and services. It analyzes human behavior in relation to incentives, trade-offs, and decision-making under constraints, often using models and data to understand market dynamics, economic growth, and policy impacts. Key branches include microeconomics (focusing on individual agents) and macroeconomics (examining aggregate phenomena like inflation and unemployment).
Developers should learn economics to better understand the business context of their work, such as pricing strategies, market demand for software, and the economic impact of technology decisions. It helps in building products that align with user incentives, optimizing resource allocation in projects, and contributing to data-driven decision-making in tech companies, especially for roles in product management, fintech, or analytics.