Economics

Economics is the study of how societies solve the issue of scarcity, answering how societies determine 1.) what good and services are produced; 2.) how those goods and services are made; and 3.) who gets the goods and services. Alfred Marshall defined economics as “a study of mankind in the ordinary business of life.” John Maynard Keynes asserted, “Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.” The courses offered examine these issues.