Economics Department |
Studying Production and DistributionEconomics is the study of the production and distribution of wealth -- the goods and services needed and enjoyed by society. It attempts to understand the ways in which we organize such production and distribution. It analyzes how the organization of economic activity works, and where it works well and not so well. Here at DU our economics program seeks to engage our students in examining the development of economic thought, and the historical evolution and transformation of economic institutions and relations. In doing so we offer students an understanding of economics that covers the claims deficiencies of received theory. This also illuminates what is at issue in economic business applications and policy questions. The study of economics provides students with the knowledge required to be a strong citizen-participant in economic affairs. Such knowledge is useful in almost any household or business endeavor, but particularly so for certain aspects of law, politics and public or private management. There are also significant opportunities for work as an economist. A thorough understanding of economics can offer a great deal of knowledge about why society is the way it is.  "The greatest improvement in the productive powers of labour seems to have been the effect of the division of labour." Adam Smith, 'Wealth of Nations' Faculty ProfileProfile on Peter HoDr. Ho's main research interests include trade, foreign investment and development. Profile on Rudi von ArnimDr. von Arnim's main research interests include macroeconomics and international economics, particularly computer-based modeling of international adjustment. |
