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What is Economics?

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Stephen Kinsella
Stephen Kinsella
BusinessEconomy & Finance
1 of 35
What is Economics?
3 Parts
Macroeconomics
Systems Perspective
Employment Welfare Stability
“ Who Cares?”
You Do.
Development
Globalisation
Growth
Technology
Exchange Rates
Microeconomics
Microeconomics “ Study of Individual Choice”
Individual Choice Choice
Consumption & Saving
Budgeting
Interesting Question:
“What’s the wage premium on being really, really good looking?”
12%
What does that mean ?
Average guy: €2m over 40 years
Good looking guy: € 4.6 m over 40 years!
CHING!
Welfare
Econometrics
Tools
Marketable Skills
How Hard is Economics?
Not too hard, but...
You’ll make Money!
What kind of Job can I get?
Banking and Financial Services Bank Management Loan Officer Loan Officer Bank Examiner Commodities/Stock Broker Economic Forecaster Credit Accounting Securities Analyst Pension Funds Administrator Portfolio Administrator Commercial Credit Analyst Communications Communications Technical Writer Technical Writer Journalist/Columnist Journalist/Columnist Government Government Regional/Urban Planner Foreign Service Officer
ul.ie/business/economics
 

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