Discuss about an economics class or study theory, the concepts framing the field of economics must be faced everyday in some form or fashion by everyone. Whether it′s something basic, like the price of gas, something at work, like supply chain disruptions, or an area a bit more opaque like the interest rate a person may be quoted when buying a new house. The notions of supply and demand, scarcity and choice, opportunity cost, and other basic tenets surround us wherever we turn. In an essay between 800 and 1,000 words, please take a basic concept covered so far in class and relate it to your own life or work background. Many students at BRCC have already been in the workforce in some capacity. The companies employing students most certainly face economic conditions influencing their decisions. Students who haven′t entered the workforce often choose areas of study based upon economic trends, whether they realize it or not. We all have encountered situations as consumers where economic theory could help explain the observed market behaviors. So take something specific you have experienced somewhere in life, and try to describe the situation with economic terms and concepts. As you progress further in your careers, it will become more apparent there is value in having a basic understanding of economics. Take this opportunity to begin practicing your skills in analyzing situations and relating them in terms appropriate for a working environment.
