MyEconLab Concept Video
Economics is a life skill. It is a decision-making toolkit and, as a social science, it is a platform on which you will build critical thinking skills that prepare you for your career and life.
Economics is useful. The economic way of thinking provides you with tools for making decisions in all aspects of your lives:
Should you take a student loan? Should you get a weekend job? Should you rent an apartment or borrow and buy a condo? How should you allocate your time between study, working, volunteering, caring for others, and having fun?
Deciding the answers to these questions involves weighing a marginal benefit ...