Econ+and+Life - ECONOMICS AND LIFE Neil Sheflin Department...

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1 ECONOMICS AND LIFE Neil Sheflin Department of Economics [email protected] Economics Department Web Site http://econweb.rutgers.edu/ Sheflin’s Web Site http://econweb.rutgers.edu/sheflin What is Economics? Social Science that studies how individuals, organizations, societies make decisions in the face of scarcity. Macroeconomics, microeconomics, international economics, development economics, managerial economics, economics of love, war, discrimination, information, games, finance, management, time, production, crime, taxation, Why Economics? Interesting, challenging, broad, flexible, applicable, theoretical, political, financial, mathematical, statistical, computer Basis for careers in finance, management, medicine, law, banking, law enforcement, government, president Helps one understand and perhaps change the world Economics or Business School? Economics: liberal arts, fundamental, enduring issues, broad, flexible, freedom to choose, double majors, semester
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