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Department of Economics
What does economics do?

1. If you want to understand the society
From the phrase of economics being “the gem on the crown of social sciences,” one can easily perceive the status of economics today. The current study of economics is no longer limited to the traditional slope of production, consumption, and monetary systems. Instead, economists made contributions to disciplines such as Political Behavior, Law Analysis, Social Behavior, Interpersonal Relationship, Interpretation of History, System Evolution, Constitutional Theory, and so on. Despite the fact that the entire studies of social sciences interpret this phenomenon as the “Economics Imperialism,” but in fact, economists were just applying the strictly constructed economic analytic tools to these fields and, like other social scientists, are devoted to understand the human society as well as the various human behaviors.
2. If you want to operate a business
Economics is not the study of business, neither are the major subjects of which being Accounting, International trade, Industry and Business Management. Economics are, however, the indispensable building block to those professional subjects. Economics is in effect like Electronics in the College of Engineering, or Piano Skills in Art School. The basic knowledge of Economics is all important and indispensable whether in business marketing, enterprise management, trade, or operation preparation. Agreeably, it is much easier for one to understand and familiarize with the theory first before actually practicing it.
3. If you want to be of benefit to humankind
A century ago, economics was called the “melancholy science” because of its strict analytic methods that alerted people against indulging themselves in romantic fantasies and demonstrated the depressing fact that the development of human society was in effect restricted by the limitation of natural resources. But thanks to the efforts of those brilliant economists in the past few centuries, today’s economics circles have understood how to develop human potential, cherish the traditional wisdom, and efficiently allocate the resources to prevent the market mechanism from being hurt by government’s plans. Those knowledge is, therefore, neither pipe dreams nor vain pride, but a major pillar that leads the human society toward a freer and wealthier state.