Econ Class

"Too many students think that the aim of education is to memorize settled answers to someone else's questions. It is not. It is to learn to find your own answers to your own questions. To do that, you must learn to wonder about things, to let them puzzle you, particularly about things that seem most common place." (Kate Turabian)


What is Economics?

 John Maynard Keynes (1883-1946) refers to  Economics as "an easy subject, at which very few excel." He believed that an economist did not necessarily need some special gifts, but in some degree "he must be a mathematician, historian, statesman, and philosopher." An economist should understand abstract mathematical concepts and should be able to explain them in plain words. Economics aims at explaining the works of individual affairs, businesses, and the formation of nations' fortunes by looking at human behavior.

Why study Economics?

Compared to other professions, economists are few. The subject seems to be perceived as being too difficult for those having inclinations towards humanities, and too "easy" for those preferring abstract or natural sciences. Most of those who undertake the endeavor of studying economics have initially little or no knowledge of what exactly the subject is. They just realize that they might like it only after taking the usual introductory courses. To be an economist one should wish to understand people and societies.

Jobs for economists

Those having a degree in economics are employed in a diversity of institutions, such as banks, governments, small business or large corporations covering a broad range of activities, education and research establishments, and financial enterprises such as stock exchanges, brokerage companies, and insurance firms. Here is a description of the profession of economist provided by the U.S. Bureau of Labor Statistics. College salary report. Popular jobs by major.

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