How is Microeconomics relevant to students today?
Microeconomics is a fundamental building block of studying the relationship between markets and goods and services. It is the branch that analyzes the decisions made by one individual selling one good. Through the use of supply and demand, economists are able to determine equilibrium prices and quantities in a given scenario. This study is relevant to students because it is a basic concept that many other subjects build upon. The idea of supply and demand in a world of limited resources is a very real problem that we face today. With resource scarcity becoming an increasingly large problems, it is crucial for students to be equipped with the knowledge necessary to make educated decisions in the future.
How is Macroeconomics relevant to students today?
In today's world, nearly every corner of the planet is connected via the internet. With this kind of development comes new trades and markets. Macroeconomics is the study of the broad movements of in the aggregate economy. In other words, it pertains to the entire economy as a whole. As global trade relationships become increasingly complex, macroeconomics allows us to measure the changes in economic growth, activities, and policies to name a few. Students today would gain knowledge of the way capital flows on a large platform through the study of macroeconomics.
How is English grammar relevant to students today?
Grammar is one of the essential building blocks of any language. Although common speech may have drifted to slang, correct grammar is still a vital part of formal education today. Learning to develop a concise thesis and clear organization makes a huge difference in a student's academic as well as future career.