what economics is and how you may use economics in your future career and/or your daily life
what economics is and how you may use economics in your future career and/or your daily life?
After World War II, economy is increasingly becoming the focus of national competition in the world. Furthermore, economics as a new breach of human sciences is applied widely in human daily life as well. For example, almost everyone has to consider price, tax, money and welfare in real life. It can be seen from that economics play a significant role in human life. This essay will discuss what is economics and analyses how to use economics in my daily life from economics knowledge, economics logic skill and economic analysis skill three aspects.
Economics is a new subject in human sciences and the history of it is not as long as other subjects, so there are amount of different theories in this subject and different schools have different opinions about it, even the definition of economics. In Austrian school, the economist Mises (1998) defines that “Economics is the theory of all human action, the general science of the immutable categories of action and of their operation under all thinkable special conditions under which man acts.” While the economics Gans, King, Stonecash& Mankiw (2012, p3) think that “Economics is the study of how society manages its scarce resources.” Actually, there is no model answer of what is economics, people depends on their own experience can have diversity opinions about this question. In my view, economics is a subject which teach people how to thinking objectively and manage things more effectively. It focuses on macroscopic view and microcosmic view in real life.
Economics pervades every aspect of peoples’ life, so we can use it to change and improve ore life. Firstly, I can use Economics knowledge to make more profit. Economic theories are summarized by economists and it can show economics trend, thus people can follow these law of economics to deduce future economics trends. Follow these deductions, they can invest some businesses
After World War II, economy is increasingly becoming the focus of national competition in the world. Furthermore, economics as a new breach of human sciences is applied widely in human daily life as well. For example, almost everyone has to consider price, tax, money and welfare in real life. It can be seen from that economics play a significant role in human life. This essay will discuss what is economics and analyses how to use economics in my daily life from economics knowledge, economics logic skill and economic analysis skill three aspects.
Economics is a new subject in human sciences and the history of it is not as long as other subjects, so there are amount of different theories in this subject and different schools have different opinions about it, even the definition of economics. In Austrian school, the economist Mises (1998) defines that “Economics is the theory of all human action, the general science of the immutable categories of action and of their operation under all thinkable special conditions under which man acts.” While the economics Gans, King, Stonecash& Mankiw (2012, p3) think that “Economics is the study of how society manages its scarce resources.” Actually, there is no model answer of what is economics, people depends on their own experience can have diversity opinions about this question. In my view, economics is a subject which teach people how to thinking objectively and manage things more effectively. It focuses on macroscopic view and microcosmic view in real life.
Economics pervades every aspect of peoples’ life, so we can use it to change and improve ore life. Firstly, I can use Economics knowledge to make more profit. Economic theories are summarized by economists and it can show economics trend, thus people can follow these law of economics to deduce future economics trends. Follow these deductions, they can invest some businesses