What is Economics

35
What is Economics?

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Another go at explaining economics to students

Transcript of What is Economics

Page 1: What is Economics

What is Economics?

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3 Parts

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Macroeconomics

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Systems Perspective

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Employment

Welfare

Stability

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“Who Cares?

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You Do.

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Development

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Globalisation

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Growth

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Technology

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Exchange Rates

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Microeconomics

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Microeconomics

“Study of Individual Choice”

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IndividualChoice

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Consumption & Saving

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Budgeting

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Interesting Question:

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“What’s the wage premium on being really, really good

looking?”

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12%

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What does that mean?

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Average guy: €2m over 40 years

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Good looking guy: €4.6m

over 40 years!

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CHING!

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Welfare

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Econometrics

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Tools

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Marketable Skills

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How Hard is Economics?

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Not too hard, but...

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You’ll make Money!

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What kind of Job can I get?

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Banking and Financial Services

Bank Management

Loan OfficerBank Examiner

Commodities/Stock Broker

Economic Forecaster

Credit Accounting

Securities Analyst

Pension Funds AdministratorPortfolio Administrator

Commercial Credit Analyst

Communications

Technical Writer

Journalist/Columnist

Government

Regional/Urban Planner

Foreign Service Officer

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ul.ie/business/economics

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