How important is the knowledge of economics in management?

November 6th, 2011 | Posted in economics   1 Comment
economics
marcus k asked:


Do I need to go beyond a basic, university economics class to succeed as an executive? How applicable/ practical would my knowledge of economics be if I wanted to be a CEO of a Fortune 500 company (regardless the industry)? Would you say that knowledge of marketing, finance, accounting, supply chain, and organizational behavior be more important? I would appreciate a ranking of the subjects in terms of importance.

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If economics is a social science and analysis boils down to predicting human behavior?

November 1st, 2011 | Posted in economics   2 Comments
economics
Matthew D asked:


What role does influencing human behavior play in economics? In the midst of the recession(which began in 2007 but no one acknowledged till months later) we, the educated ones, were whispered that we mustn’t say ‘recession’ because telling the truth about the recession would only exacerbate it. I see however many times on Fox News and others attempts at shaping the mind and social behavior in such a way as to influence economic and financial behavior of its viewers and society at large.
If economics can be boiled down to influencing human behavior, not simply predicting it, how valid a science is economics?

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In economics, what is the difference between positive analysis and normative analysis?

October 31st, 2011 | Posted in economics   4 Comments
economics
Erik Von Fürstenberg asked:


I’ve looked these two terms up, but I never find them listed as positive or normative analysis, instead I keep finding normative/positive economics. Are those the same things? Also, could you give me an example of each type of analysis? Thanks!

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How does chemistry apply to economics and the commercial importance of chemicals like heterocyclic compounds?

October 25th, 2011 | Posted in economics   1 Comment
economics
CHINMAYA K asked:


I am interested in knowing what is the relation between chemistry and economics. That is aproject given to me by a professor, since I am doing a course in sciences along with a degree in finance. Kindly help.

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Can economics and electrical or industrial engineering majors go together?

October 8th, 2011 | Posted in economics   1 Comment
economics
Mitch Irie asked:


I really need the answer b/c it seems like economics and electrical are two completely different fields. I already graduated with economics but are planning on going into industrial engineer, not sure if they are two related major AND is the salary of industrial engi high??

THANKS :)

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How will economics help in alleviating the impact of crisis in a country like the Philippines?

October 3rd, 2011 | Posted in economics   1 Comment
economics
La La asked:


How will economics help in alleviating the impact of crisis (global economic crisis) in a country like the Philippines?

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What types of jobs are good for someone who likes economics?

September 29th, 2011 | Posted in economics   2 Comments
economics
kurtiz_j asked:


Or economics + business? Cause my major is business with a minor in economics, and I especially prefer dealing with economics and business efficiency as well as marketing theory.

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What about Economics and Philosophy, a good double major?

September 19th, 2011 | Posted in economics   2 Comments
economics
guitinit asked:


I have a choice to double major, I love philosophy and Economics, would this be a good pair? What could be the possible job opportunities if it could work? Thanks!

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What happens in classical economics theory if government raises taxes?

September 15th, 2011 | Posted in economics   3 Comments
economics
Jan K asked:


I’m interested only in classical theory economics. I know that in this theory, the increase of money produces only inflation. What about the increase of tax rates? Does it increase prices or it just decrease investments?

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What would be good to double major with economics?

September 7th, 2011 | Posted in economics   2 Comments
economics
richief_611 asked:


I want to major in economics, but have a lot of space for lots of other classes for a double major. So what should I double major in that would work well with economics?

Would Political Science, Mathematics, a foreign language, the sciences (biology, chemistry, physics, etc), be good to double major with economics?

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