Economic Policy is a field of economics that focuses on studying, analyzing, and developing economic policies that regulate and influence the economic performance of countries. This major aims to understand how government policies affect the economy, and to provide recommendations to decision makers to improve economic growth, financial stability, and overall well-being.

Fields of study in economic policies:
Fiscal Policy:

• Budget Management: The study of how a government uses taxes and expenditures to achieve economic goals.
• Tax Policy: Analyze the impact of taxes on the economy and make recommendations to improve the tax system.

Monetary Policy:

• Money Supply Management: Understanding how monetary policies affect inflation, interest rates, and economic growth.
• The role of central banks: studying how central banks use monetary tools to achieve economic stability.

Trade Policy:

• International Trade: Analyzing the impact of trade policies on flows of goods and services between countries.
• Trade Agreements: Study the impact of international trade agreements, such as free trade agreements, on the national economy.

Social Policy:

• Social welfare: Analysis of the impact of social policies on income distribution and general welfare.
• Social Programs: Evaluating the effectiveness of welfare programs such as Social Security and Medicare.

Environmental Policy:

• Sustainable development: the study of how to achieve a balance between economic growth and environmental protection.
• Environmental policies: Develop policies to reduce pollution and use natural resources sustainably.

Industrial Policy:

• Industries development: studying strategies for developing local industries and promoting innovation.
• Supporting small and medium businesses: analyzing the impact of policies on small and medium business growth.

Required skills:

• Analytical skills: The ability to analyze economic data and draw conclusions.
• Research skills: Ability to design and conduct economic research to provide informed recommendations.
• Communication skills: clearly conveying ideas and results to decision makers and non-specialized audiences.
• Critical thinking: to critically evaluate economic theories and policies.
• Deep understanding of public policies: The ability to understand and develop policies that affect the economy.

Work fields:

• Government Bodies: Work in the Ministries of Finance, Economy, Trade, and Environment to develop and implement economic policies.
• International organizations: such as the World Bank, the International Monetary Fund, and the Organization for Economic Cooperation and Development (OECD).
• Research centers: conducting research and providing consultations to government and private agencies.
• Academia: Teaching economics and economic policies and conducting academic research.
• Private sector: Providing advice to companies and financial institutions on the impact of economic policies on business.

The importance of economic policies:

• Achieving economic growth: It helps in developing strategies to achieve sustainable economic growth.
• Achieving financial stability: It contributes to achieving price stability and controlling inflation.
• Promoting social justice: Helps develop policies that reduce poverty and inequality.
• Environmental protection: contributes to developing policies that support sustainable development and protection of natural resources.

Economic policy applications:

• Financial policy development: designing financial policies that achieve financial and economic sustainability.
• Monetary policy management: Developing monetary strategies that maintain price stability and stimulate economic growth.
• Analyze trade agreements: evaluate the impact of trade agreements on the national economy and provide appropriate recommendations.
• Social Program Design: Developing social programs that promote public well-being and achieve social justice.

The Economic Policy specialty is a vital field that contributes to improving the economic performance of countries through developing and analyzing economic policies that support growth, stability, and social justice. This major provides tools and knowledge that enable decision makers to make informed decisions that enhance the well-being of society as a whole.