Economics

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Economics

• Matt Groves
• Mike Jreidini
• Kyle Pratt

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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.

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Sowhat does that mean?
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Career Choices

• Colleges
• Smeal College of Business
• Executive or administrative career
• College of Liberal Arts
• Careers in law, politics, teaching, research, or
  social service

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Courses

• Smeal College of Business
• Statistics, mathematics, computer science, and
  accounting.
• College of Liberal Arts
• Social sciences, humanities, and arts.

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Jobs and Salaries

• Analyst
• Industry
• Government
• Portfolio
• Budget
• Sales representative
• Consultant

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Business Problems

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

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How do Economists Make Decisions?

• Economic theories.
• Logical thought
• Crunching numbers followed by analysis of these
  numbers and results

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Economics Today

• War
• Gas Prices
• Unemployment rates
• Inflation
• Interest Rates
• Retail Sales

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Impacts by MIS

• Technology
• Computers
• Internet
• Cellular
• Visibility
• BLUR Economy

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Further Information

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

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Questions