About Economics

Contrary to what you think or what you might have heard, economics is not the study of money. Instead, economics is the study of scarcity, incentives and choices. Why do people think economics is tough? Because economists are always looking for the hidden logic behind life and sometimes this means that you have challenge what you assume to be true.

Did you know?

- A ban on hunting elephants is bad news for the elephants.
- Writing books is socially irresponsible.
- The most charitable people often give to the fewest charities.
- Not one single person in the world knows how to make a cappucino
- We should open bananas upside down

It may seem that these ideas go against your common sense, but remember, your common sense also tells you that the earth is flat…
Welcome to Economics!