Economics Courses Won't Tell You What to Think; They'll Teach You How to Think
Every morning, the world wakes up to numbers. India's GDP increases beyond expectations; inflation falls despite months of price increases; the central bank does not alter interest rates and the world market responds to fluctuations in oil prices. These are just some of the headlines seen in the newspapers, debated on TV or posted on social media. For many individuals, these figures and statistics vanish with the next piece of news, but for an individual pursuing economics courses , these headlines tell much more than their face value. These headlines provide insights into what drives business growth, job creation, price changes, government policies and market behaviors. Economics is more than knowledge about the economy. It is the understanding of the economic forces that shape the world. The Economy Speaks in Numbers. Economics Helps You Understand the Language. Numbers tell us what has taken place; economics tells us why things take place. While the rising GD...