what is economics?
How did economics start?
How is economics
different from other social sciences?
All these questions
have revolved in our heads for a long time
and it is time
that we answer these questions..
Economics is the social science
that studies the production , distribution
and consumption of goods and services.
Economics focuses
on the behavior and interactions of
economic agents and how economies work
The publication of Adam Smith's
" The wealth of Nations" in 1776
has been described as " The effective birth of
Economics as a separate discipline".
How is economics different
from other social sciences?
Economics borrows from multiple sciences,
example sociology or law,
to explain why and how
people act to improve their
well being and wealth.
Behavioral economics borrows
from psychology and history
to analyze how past experiences
may shape expectations about the future.
I may be biased,
but I genuinely believe
that studying economics or
being an economics major,
is one of the most valuable things a
millennial college student can do today
to get ready
for the post graduate world he or she will face.
Economics not only trains students to think
it also allows them
to gain critical problem solving skills.
As a result
Economics majors end up
working in a wide variety of jobs
in  a vast number of industries.
Now
let us see what led the Holy cross college
to establish the economics dept
Over the past four years
after the establishment of economics dept
in holy cross college
the dept
has made a huge progress in both academics
as well as co-curricular activities.
Let us take a look
at what the dept has achieved
over the short span
and what the Head of the Dept has to say.
*Sorry for the inconvenience caused*
As you have seen
economic majors end up
working in  a wide variety of jobs
in a vast number of industries
I think
this flexibility
is a tremendous plus because
it makes a college graduate
much more marketable in  a digital
technology world
where so many of the professionals
of the future
are still evolving
If you major in economics
you can go to Wall street
in banking and finance
You can help any number of
companies with big data
You can transform yourself
into an
entrepreneur
You can go into Government
and help mold public policy
You can nurture
economic development
around the world
