Economics focuses on the allocation and distribution of scarce resources. As a social science, economics is fundamentally about people, their needs, wants and behavior, and the institutions they construct.
Economics is everywhere! As workers, consumers, and sometimes business owners all of us have through our daily activities gained some knowledge of how the economy functions. This knowledge, however, is not systematic and precise. The modern economy is an extremely complex system of social institutions.
News & Highlights
Our very own Chair of Economics, Tom Nesslein will chair a session on "Land and Housing" at the Annual Meeting of the Midwest Economics Association in Evanston, IL, on March 29-31, 2012.
News stories in Inside
- Faculty note: Shariff publication
December 15, 2015
- Faculty note: Nesslein chosen to participate in ‘Research on Poverty’
May 15, 2015
- Kangayappan, University Mace and scroll will feature prominently
November 13, 2014
- UW-Shariff: Family follows scholarly advice
October 17, 2014
- Chancellor’s Survey on Economic Engagement
October 16, 2014