Post
Topic
Board Economics
Re: Why we must study Economics at University?
by
ocertie
on 21/10/2018, 13:50:17 UTC
Learning economic theory is one thing, developing the tools to make business decisions is another. Economics will teach you the basics and also give you concrete tools for analysis. For example, conjoint analysis is a statistical approach to measuring consumer demand for specific product features. This tool will allow you to get at the surprisingly complicated feature versus price tradeoffs that consumers make every day.