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
- Five Phoenix named Future 15
February 13, 2014
- Islam, new in URS, talks economics of minimum wage proposal
January 30, 2014
- In the news: Nesslein offers take for story on minimum wage protests
December 9, 2013
- Congratulations to Max Scheuer, Class of 2010
May 13, 2013
- Nesslein, student talk minimum wage for Press-Gazette front page
March 5, 2013