Because of the fact that economics is such a big part of life, it is important that we fully understand it. Economics is used in almost all aspects of life, and is a big part of many of the decisions that we make everyday. Economics is such an important area to study in that it helps to understand societal and global affairs, helps us to become better informed voters, and much more. When asked why economics is important to study, my mother and I shared almost the same thoughts.

Economics is about choice and decision making. Many professionals deal with economics on a daily basis and must make decisions in situations where resources are scarce. It is used in many fields of employment such as government, finance, business, administration, law and many others. Through study economics, we can learn from situations such as the Great Depression, poverty, and...