Why Economics for All?
Are you interested to know why that rise in the price of steel? Why at some places the rent for apartments or land is higher than that at other places? Why African countries, even though their abundance in natural resources, are characterized with low standard of living? The answers of these questions and more are answered by your study of Economics. Understanding Economics is the weapon to fight poverty. This statement is as true on the individual level as it is on the country level. Economics equips us with the tools that will help us in how to utilize our resources efficiently and effectively.
I think that we all have an economist inside us, we all make many economic decisions. Each one of us decide how to spend his income, how much to save, and how to invest the savings. We need to develop the economist inside us, and there is no a development tool better than the study of Economics as it provides us with a clear perspective of how best to make these decisions.
As we all are citizens in different communities and countries, we need to be good corporate citizens, knowing what is going on around us, understanding what politicians are saying during election campaigns, how taxes are determined, why we pay taxes. The study of economics will allow us to judge the effectiveness of economic policy, especially when voting for some one. The last thing I want to say is that Albert Einstein once said: “the whole of science is nothing more than the refinement of everyday thinking”. I am sure you, friends and colleague, will find economics interesting as I found it three years ago when I started my first course of economics.
Are you interested to know why that rise in the price of steel? Why at some places the rent for apartments or land is higher than that at other places? Why African countries, even though their abundance in natural resources, are characterized with low standard of living? The answers of these questions and more are answered by your study of Economics. Understanding Economics is the weapon to fight poverty. This statement is as true on the individual level as it is on the country level. Economics equips us with the tools that will help us in how to utilize our resources efficiently and effectively.
I think that we all have an economist inside us, we all make many economic decisions. Each one of us decide how to spend his income, how much to save, and how to invest the savings. We need to develop the economist inside us, and there is no a development tool better than the study of Economics as it provides us with a clear perspective of how best to make these decisions.
As we all are citizens in different communities and countries, we need to be good corporate citizens, knowing what is going on around us, understanding what politicians are saying during election campaigns, how taxes are determined, why we pay taxes. The study of economics will allow us to judge the effectiveness of economic policy, especially when voting for some one. The last thing I want to say is that Albert Einstein once said: “the whole of science is nothing more than the refinement of everyday thinking”. I am sure you, friends and colleague, will find economics interesting as I found it three years ago when I started my first course of economics.
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