SlideShare a Scribd company logo
1 of 4
Why economics?
What is economics?
   It is useful
   To make everyday economic decisions
   For your professional carreer
   For your personal affairs
   To make wise economic choices
   To gain wise insights into real world economic
    problems
   All aspects of a coutrys economy such as, how
    the coutry uses its resouces, how much time
    labores devote to work and leisure
   The effects of taxes on a population
   Why businesses succed or fail.
   People who study economics are called
    economists.
   They seek to answer important questions about
    how people,industries and countries can
    maximise their productivity.

More Related Content

What's hot

Intro to economics
Intro to economicsIntro to economics
Intro to economicsArnel Rivera
 
Specialisation & the division of labour
Specialisation & the division of labourSpecialisation & the division of labour
Specialisation & the division of labourmattbentley34
 
Classical
ClassicalClassical
ClassicalU6410
 
Slide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problemSlide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problemmattbentley34
 
classical vs Keynesian theory.pptx
classical vs Keynesian theory.pptxclassical vs Keynesian theory.pptx
classical vs Keynesian theory.pptxSnehal Athawale
 
Command economy?Planned Economy
Command economy?Planned EconomyCommand economy?Planned Economy
Command economy?Planned EconomySajith91
 
Evolution of Macroeconomics
Evolution of MacroeconomicsEvolution of Macroeconomics
Evolution of MacroeconomicsKonok Mondal
 
Ch. 1 micro and macro economics
Ch. 1 micro and macro economicsCh. 1 micro and macro economics
Ch. 1 micro and macro economicsManish Purani
 
Basic economic problem
Basic economic problemBasic economic problem
Basic economic problemShashi Singh
 
Classical and Neo Classical Economics
Classical and Neo Classical EconomicsClassical and Neo Classical Economics
Classical and Neo Classical EconomicsAbir Shopnobaj
 
The Nature and Importance of Economics
The Nature and Importance of EconomicsThe Nature and Importance of Economics
The Nature and Importance of Economicsinocshock
 
Nature and scope of economics
Nature and scope of economicsNature and scope of economics
Nature and scope of economicsArihantJain21
 
Revision on Externalities
Revision on ExternalitiesRevision on Externalities
Revision on Externalitiestutor2u
 
Types of economic systems
Types of economic systemsTypes of economic systems
Types of economic systemsyacub13
 

What's hot (20)

Introduction to economics
Introduction to economicsIntroduction to economics
Introduction to economics
 
Intro to economics
Intro to economicsIntro to economics
Intro to economics
 
History of Economic Thought
History of Economic ThoughtHistory of Economic Thought
History of Economic Thought
 
Specialisation & the division of labour
Specialisation & the division of labourSpecialisation & the division of labour
Specialisation & the division of labour
 
Classical
ClassicalClassical
Classical
 
Slide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problemSlide 1 1mm - the basic economic problem
Slide 1 1mm - the basic economic problem
 
classical vs Keynesian theory.pptx
classical vs Keynesian theory.pptxclassical vs Keynesian theory.pptx
classical vs Keynesian theory.pptx
 
Command economy?Planned Economy
Command economy?Planned EconomyCommand economy?Planned Economy
Command economy?Planned Economy
 
Evolution of Macroeconomics
Evolution of MacroeconomicsEvolution of Macroeconomics
Evolution of Macroeconomics
 
Ch. 1 micro and macro economics
Ch. 1 micro and macro economicsCh. 1 micro and macro economics
Ch. 1 micro and macro economics
 
Introduction to Economics
Introduction to EconomicsIntroduction to Economics
Introduction to Economics
 
Basic economic problem
Basic economic problemBasic economic problem
Basic economic problem
 
Classical and Neo Classical Economics
Classical and Neo Classical EconomicsClassical and Neo Classical Economics
Classical and Neo Classical Economics
 
Intrduction to macroeconomics
Intrduction to macroeconomics  Intrduction to macroeconomics
Intrduction to macroeconomics
 
The Nature and Importance of Economics
The Nature and Importance of EconomicsThe Nature and Importance of Economics
The Nature and Importance of Economics
 
Nature and scope of economics
Nature and scope of economicsNature and scope of economics
Nature and scope of economics
 
Demand and Supply
Demand and SupplyDemand and Supply
Demand and Supply
 
Revision on Externalities
Revision on ExternalitiesRevision on Externalities
Revision on Externalities
 
Types of economic systems
Types of economic systemsTypes of economic systems
Types of economic systems
 
Presentation on keynesian theory
Presentation on keynesian theoryPresentation on keynesian theory
Presentation on keynesian theory
 

Economics

  • 2. It is useful  To make everyday economic decisions  For your professional carreer  For your personal affairs
  • 3. To make wise economic choices  To gain wise insights into real world economic problems
  • 4. All aspects of a coutrys economy such as, how the coutry uses its resouces, how much time labores devote to work and leisure  The effects of taxes on a population  Why businesses succed or fail.  People who study economics are called economists.  They seek to answer important questions about how people,industries and countries can maximise their productivity.