Yap, it's everywhere!

“What? MacDonald increased their price, again?!”, “I should have studied few weeks ago before the exam.”, “Do you know anywhere I can buy the same stuff but in a fraction of the price?”, “Should we go to Japan this summer? Since their currency is depreciating.”….etc.

Ever thought of that the problems encountered by us in our daily life are related to Economics? Yes, I am saying Economics. Wait, did you have the preconceived belief that economics is all about making money? Well, yes, it is, to a certain extent… but absolutely not just about money.

Economics, by definition, is the studies of human behavior how human beings make choices to maximize benefits under the circumstance of limited resources. In general, it is about allocation of scarce resources. We study the “push-factor” of activities we have carried out in our society. We believed in every why there has a wherefore.

Just simply economics, would be a broad topics. Therefore, it is divided into 2 themes which are microeconomics and macroeconomics. For the former, it is the study of at an individual, group or company level. As for latter, it is the study of the society as a whole.

How can we neglect its existence when it is playing such a huge role in our life? Today,it's only few brief introduction of stuffs that I am going to write in the future. In coming blogs, I am definitely going to talk more about how it is occurring in our daily life~

“Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.” -Tyler Cowen.