Economics factor into almost every part of our professional, social, and personal lives; yet many of us have little understanding how economics shape our world and our places in it. In fact, most people\u2019s confusion begins with the very definition of the field discipline.<\/p>\n
Most importantly, economics is not simply about money. According to the American Economics Association, \u201cIt\u2019s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making.” In this episode of the Quadcast podcast, we look at economics from a more universal perspective and discuss how understanding the discipline can be as empowering as it is informative.<\/p>\n