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. PSYCHOLOGY: - Psychology is the scientific study of people: how they think, act, react and interact. It is concerned with all aspects of behaviour (normal and abnormal) and the thoughts, feelings and motivations underlying such behaviour. Psychology at Glasgow is ranked 4th in the UK (Guardian University Guide 2017).