Topic

Economics (Making a Fresh Start)

Instructions

https://www.aeaweb.org/resources/students/what-is-economics

Discuss the news article.

Title of News Article: Making a Fresh Start
Source: https://www.aeaweb.org/research/new-orleans-katrina-long-term-recovery-income

Answer preview

Economics is a broad discipline and focuses on many topics all of which help people to understand how resources are used, how decisions are made, and understanding how the world operates in certain fields. The topics that economics focuses on include the wealth and finance among others but not entirely about money. Economics being a broad discipline offers the study of small details on economy which is known as microeconomics and the study of economy in broad known as macroeconomics. Studying economics enables one to have a better understanding of the way financial decisions are made, understand the economics news better, and help in seeing the world from a different perspective.

Word count: 549