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Economics
Economics is a powerful force in the affairs of the world. Whether the problem is small (Which loaf of bread to buy at Food Mart?) or large (Should the United States Constitution incorporate the principles of capitalism?), economics has a role to play in arriving at solutions.
Economics is the study of the economy: the sum of the economic transactions and behaviors of a society. Money changing hands for any reason, someone getting a job or choosing to pass up an employment opportunity, the government increasing or decreasing the money supply, the capital gains tax, the eligibility standards for welfare--these things and many others make up the economy.
Economics provides a theoretical structure from which to pursue intellectual questions of the highest order. Economics courses investigate some of the most pressing issues of our time. Budget deficits, exchange rates, trade imbalance, supply and demand, market forces and pricing theory figure prominently in competitive analysis and business strategy and comprise part of the study of economics.
