Matt Groves Mike Jreidini Kyle Pratt Economics Matt Groves Mike Jreidini Kyle Pratt

What is Economics? Economics is defined as a social science concerned with the broad description and analysis of production, distribution, consumption of goods and services, decision making, and the determination of the overall level of price, income, and employment. Definition of economics taken from our First Year Seminar textbook.

So…what does that mean?

Career Choices Colleges Smeal College of Business Executive or administrative career College of Liberal Arts Careers in law, politics, teaching, research, or social service First decide what type of career, then we’ll describe courses

Courses Smeal College of Business College of Liberal Arts Statistics, mathematics, computer science, and accounting. College of Liberal Arts Social sciences, humanities, and arts. Both colleges make you take basics of econ.

Jobs and Salaries Analyst Sales representative Consultant Industry Government Portfolio Budget Sales representative Consultant

Business Problems Analyzing the concept of supply and demand. Examine government policy and private decision making. Assessing benefits and cost. Regulating the market.

How do Economists Make Decisions? Economic theories. Logical thought Crunching numbers followed by analysis of these numbers and results

Economics Today War Gas Prices Unemployment rates Inflation Interest Rates Retail Sales

Impacts by MIS Technology BLUR Economy Computers Internet Cellular Visibility BLUR Economy

Further Information First Year Seminar Textbook CNNmoney.com Penn State webpage Smeal College of Business webpage College of Liberal Arts webpage Newspapers

Questions