Economi

cs

Origin & History

BY : BB, PunPun and Tor

Founding Father

Whats the branch studies

Jobs

Important Thinkers

Origin & history

Economics is a social science that studies about the human behavior
patterns.
The basic function is to study how individual, organizations, and nation
utilize their resources to gain their profit.
-

It focus on Supply and Demand.

Branch of the economics

The study of economics divided into 2 parts.
1. Microeconomics
2. Macroeconomics
Microeconomics is study about the market behavior of individual consumers.
Macroeconomics is to analyze the whole economy related to the inflation,
recession, and the economic growth.

When it first start and How?

Firstly, economics started with different thinkers and theories and
became political economy inspired by French writers.
Ancient Greek writer Aristotle examined the ideas of art wealth and
property, and also the theory of money.
Later, Thomas Aquinas (An Italian theologian) argued that it was a
moral obligation of business to sell goods.

Advance Economics
Economics is important for organizations to clear understanding of
different economics concepts, theories, and tools in order to complete the
rate of human consumption.
It played role in the history by having fair trade of goods and services to
achieving better quality of life.
-

In reality, economics can gain wealth or advance value.

Careers and jobs in the branch

Economic branch studies about:
-

How people choose to use resources.

labor, land, investments, money, income, production, and taxes.

Microeconomics: think about how a person makes decisions.

Macroeconomics: think about the whole outcomes.

Careers and jobs in the branch

Interesting Jobs:
- Financial risk analyst : analyse the risk, assets, earning capacity, and
success of organisations in the industrial.
- Statisticians : manage experiments and surveys, collect a data. Look for
patterns and make decisions. They give advice and recommend strategy.
Other Jobs :
Economist : provide an advice based on economic theory and knowledge.
Investment analyst : provides an information to help trader.
For the eaxample of other job that use economy skill is local government
officer.

Father of Economics : Adam

Smith
Why is he the Father of Economics:
- Book : The Wealth of Nations (1776)
- Global Impact
- Enlightened self-interest, hard work and thrift
- Industrialization
- Classical free market
- Invisible Hand

Jobs:
Teacher, Philosopher and Economist

Important Thinker : Karl Marx

From the past and now
Born: 5 May 1818
Death: 14 March 1883
Book: Das Kapital, Kritik der politischen konomie
Capital: Critique of Political Economy
About him: He was born in a wealthy family then
moved to London and got forced into poverty.

References
American Economic Association(n.d.) What Is Economics?. Retrieved from
www.aeaweb.org
AGCAS(2014, July) What can I do with my degree?: Economics. Retrieved from
http://www.prospects.ac.uk
Internet Encyclopedia of Philosophy. (n.d.). Retrieved September 17, 2015,
from http://www.iep.utm.edu/smith/
Lars Peter Hansen. (n.d.). Retrieved September 17, 2015, from
http://bfi.uchicago.edu/lars-peter-hansen

Thank you for your

attention