CENTRAL & EAST EUROPEAN STUDIES: - You will study the history, economics, politics and sociology of the countries of Central and Eastern Europe. The University is a hub for a government-funded Centre of Excellence for Russian, Central & East European Studies, so there are cultural, social and academic events throughout the year. ECONOMICS: - In studying economics you will learn how individuals and society make choices about how scarce resources are used, what products are produced and who gets to consume them. These choices depend on evaluating costs, benefits, risks and effects on others. Economics at Glasgow dates back to Adam Smith, who was a Professor at the University in the 18th century and is widely renowned as the father of modern economics.