Economics

Definition: Economics refers to how people use limited resources to meet unlimited desires.  Translation: it's the study of how we interact and make decisions about money and things we value.  AKA: "The most boring class I've taken in college." (Surprisingly)

TeenAnalyst Advice: The study of economics is the study of interactions in our everyday life.  Economists seek to evaluate information to figure out why the economy works the way it does.Topics that are important to economists are inflation, interest rates, and monetary policy.  These, as well as other topics, give economists a sense of what direction the economy is going.Economics is an inexact science.  Many of the most brilliant economists have been wrong at times.