When I studied economics (20p) at the University, I was wondering if the assumptions for micro-economy led to the conclusions of makro-economy. Was there any method for coupling the micro with the macro? In engineering science, systems are described interconnected components. I wanted to try the same method on economic systems.
I myself have been thinking about the wording that
Economics is the study of the use of finite resources to satisfy unlimited human wants.[Lipsey]
My own experience of my economic studies is that it mostly is about limited monetary resources. Lack of natural resources is hardly mentioned although we make use of both finite and renewable resources. We even threaten people’s future existence by the climate changes that we are causing.
A science invented by the upper class to access the fruit of the underclasses job.See further under the tab Models .