Economics at Three Rivers
Economics is the "study of how societies use scare resources to produce valuable commodities and distribute them among different people."
- Paul A. Samuelson, author of Economics
In today's fast-changing world, an understanding of economics has become more important than ever. We deal with economic issues daily:
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Should I borrow money to buy a computer, or should I use my savings?
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Will the recent trends in the stock market continue? How will that affect my retirement?
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How will new technologies affect what I pay for new telephone, cable or Internet services?
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What kind of health care system is best for our country?
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How will drilling for oil in the Artic affect what I pay for gas at the gas station?
In economics, tools of analysis are applied to questions like these. The study of economics can not only give a broader view of the world, but can lead to careers in law, business, banking, finance, social work, psychology and more.
WHY STUDY ECONOMICS?
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Economics teaches decision-making skills.
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Economics helps in developing a framework to interpret social dynamics.
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Economics helps in understanding market forces.
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Economics is the framework for understanding the actions of individuals.
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Economic though and theory is applicable to other fields and beneficial in understanding other disciplines of study.
FACULTY
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