These basic tenets underlie the purpose of economic analysis: to understand the distribution of our scarce resources. Some may think economics is limited to the study of tax tables and stock investments, but its scope is much broader. It takes a look at such wide-ranging questions as: What affects the choices of people in society? Can you determine the value of a tree, a species, or an ecosystem? What are viable alternatives to our current domestic policies toward health care or the welfare system? Is the free market system the best allocator of our resources?
Economic knowledge can be applied internationally or close to home. In either case, it will increase your ability to understand the ramifications of current events worldwide.
You will find that economics is an ideal course of study for providing a problem-solving approach to issues such as international trade, public welfare, competition among companies, natural resource management, Third World development, finance, and international political systems.
Department of Economics
Pacific Lutheran University
Tacoma, WA 98447-0003
253/535-7598
