1. Matt Groves Mike Jreidini Kyle Pratt
Economics
Matt Groves
Mike Jreidini
Kyle Pratt

2. 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.

3. So…what does that mean?

4. 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

5. 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.

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

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

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

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

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

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

12. Questions