Economics

Economics plays a central role in our life, because it is all around us. What makes the price of oil go up? Why is there unemployment? What is inflation? All of these are questions where economics plays an important role. So for the person who is curious about how the world works, knowing something about economics is a pretty important thing. Now I’d like to tell you something about economics. Firstly I’ll start with the history of economics. Then I’ll say about macro and microeconomics, continue with definition of system and economic system, after that, I’ll tell you about macro environment, international economics.