Why Study Economics?

Why Study Economics?

In today’s world you live in, economic issues are everywhere:  unemployment, recession, taxes, budget deficits, and government regulations.  By studying economic concepts and analytical tools, you will be able to better understand and think critically about these economic issues and the world around you.  In your life you have to make many economic decisions:  whether to go to graduate school or to work right after college; whether to work for a company or to start your own business; and whether to rent or to buy a house. By learning how to think analytically like economists, you will be able to make better economic decisions in your life.