Economics is the study of how people meet their needs and wants. It is concerned with the ways that goods and services are exchanged in a society. Surely, you can think of a time when you wanted somethingâ€”a television, a car, a pair of shoes, a computer, a cell phone, an iPod, or something as simple as lunch in a restaurant. Did you ever think about where these items come from? Someone must manufacture them, and then they are distributed to consumers. The ways in which goods and services are distributed are the foundation of economics.
This course will emphasize how free market economies function. In such an economy, means of production are owned by private individuals and businesses, who sell goods and services for profit. You will learn about different types of businesses, and you will see how they make goods and services available. You will also study issues that relate to businesses, including labor-management relations, government regulation, government involvement in the economy, international trade, globalization, and the impact of technology on the economy.
Economics will also introduce you to the subject of investment. When you invest, you put your money into some kind of activity with the hope that your money will increase. There are different ways to invest, including stocks, bonds, and certificates of deposits. As you learn about these investment options, think about ways that you can invest in the near future, or even today. It is never too early to start planning for your future. This course will introduce you to the business world and give you some practical, â€œreal worldâ€ knowledge about financial matters.
Economics is divid