What is Economics?
Economics is the study of what individuals, institutions, and economic systems do, or should do, as they deal with the problem of satisfying virtually unlimited wants with scarce resources. Economics deals with choices and optimization, typically embedded in a market system where the notion of equilibrium is essential and where prices play a crucial role. Economics provides a logical and ordered way of looking at a wide variety of issues, and the principles of economics are finding growing applicability in a number of fields. An understanding of economic concepts can provide substantial personal and social benefits.
Edwards honored by American Society of Farm Managers and Rural Appraisers
Iowa State University Emeritus Professor William Edwards was recently honored with the Carl F. Hertz Distinguished Service in Agriculture Award, presented to him by the American Society of Farm Managers and Rural Appraisers (ASFMRA).
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Prices and family interactions influence eating behaviors, say Jensen and Zhylyevskyy
Expanding waistlines and rising obesity rates have led to numerous ideas for policies, such as taxes on junk food or vouchers for fruits and vegetables, aimed at getting people to eat a more healthful diet. To better understand what influences food choices, a group of Iowa State University researchers looked at how prices, parents and peers affect fruit and vegetable consumption among African-American youths.
Orazem and Jerome offer students the tricks of standup comedy
Peter Orazem, professor in the Department of Economics, and professional entertainer Gavin Jerome believe comedy is just like any other skill you can learn. That's why the two are teaching a Comedy College course to help Iowa State students learn the tricks and techniques of standup comedy.