In this third episode of Season 3, guests Dr. Nicholas Clarke (University of Kent, United Kingdom), Dr. Thomas Garavan (Cork University Business School, Ireland), and Dr. Kibum Kwon (Texas A&M University-Commerce, United States) discuss the relationship between HRD and Economics, including: What is meant by the term Economics?What is the connection between Economics and the concepts of work and the workplace?What is the relationship between Economics and HRD?How does Economics help HRD to understand and work on current and future challenges in organizations?When considering theories that underpin HRD, how much weight should be given to Economic theory? What would HRD look like in practice if alternative or additional Economic theories were adopted by HRD?and much more. For full details on the HRD Masterclass series, visit hrdmasterclass.com, for the bios of the guest scholars visit allbypodcast.com/economics. For more information on the Academy of Human Resource Development, visit ahrd.org - by being a member of AHRD, you can access bonus materials from podcast episodes. This episode is sponsored by: The Educational Human Resource Development Program at Texas A&M University - visit their website at https://eahr.tamu.edu/; and by SiTUATE, a new platform that is the digital version of structured on-the-job training - find out more by visiting https://www.situate-training.com/