BUSINESS ECONOMICS: - Business economics is the study of economic concepts of relevance to modern business, to develop a sound understanding of the resource allocation issues facing the business corporation and the environment in which it operates. 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. PHILOSOPHY: - Philosophy is the systematic attempt to arrive at clear answers to profound questions about issues such as knowledge, life, morality, science and human nature using reason and argument. We host reading parties for students, usually in the Highlands, and have a flourishing undergraduate Philosophy Society.