A bachelor’s degree is a four-year undergraduate degree and is the standard for higher education throughout most of the world. Bachelor’s degrees can be earned at state universities, at private universities, at community colleges and via online universities.
Those who study economics first and foremost learn the differences between microeconomics and macroeconomics. Microeconomics involves the behavior of individual markets, such as households and firms, and their interactions. Macroeconomics, on the other hand, involves looking at the entire economy as a whole.
The United States of America is a large country in North America, often referred to as the "USA", the "US", the "United States", "America", or simply "the States". American colleges are funded by "tuition" charged to the student, which is often quite expensive, very commonly reaching into the tens of thousands of dollars per year.
The state of Wisconsin is located in the north central region of the U.S and is ranked as the 20th most populous in the country. It is renowned as one of the largest dairy producers and a popular tourist destination. It hosts a large number of universities within its borders providing great higher learning opportunities.
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The systematic study of economics helps one to better understand this complex system of markets, enterprises (profit-motivated, government, and private, not-for-profit), unions, and many other economic and political interest groups that influence the economy and the role of government. [+]
Economics is everywhere! As workers, consumers, and sometimes business owners all of us have through our daily activities gained some knowledge of how the economy functions. This knowledge, however, is not systematic and precise. The modern economy is an extremely complex system of social institutions. The systematic study of economics helps one to better understand this complex system of markets, enterprises (profit-motivated, government, and private, not-for-profit), unions, and many other economic and political interest groups that influence the economy and the role of government.
Here are a few basic practical questions the study of economics helps one to understand.
Why are wages and salaries so different? Some workers work for $5 per hour while others thousands of dollars per hour. Why does the price of housing different so much across cities? One can buy a very nice house in Green Bay for $200,000. That very same house would cost five or ten times more in many parts of the east and west coasts. Why do airfares differ so much for the same flight? For example, on a flight from, say, Chicago to Los Angeles in economy class, some people are paying a $200 fare while others are paying $800. ... [-]