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TRU: Economics blends finances and people to understand the world

by ahnationtalk on January 22, 201873 Views

January 19, 2018

Hear the words economics and economists and what comes to mind for many of us? Spreadsheets with endless columns and rows?

Economics is so much more than numbers and finances. Economists also explore people and their well-being, their patterns and more. The information they gather and analyze helps organizations and governments with their planning, forecasting and creating policy that can shape the lives of people whether they are minutes away or around the world.

In other words, economists blend the businesses world’s use of numbers with social science’s understanding of people.

To deconstruct the field, its various forms and what economists do, TRU economics faculty member Laura Lamb stopped by Kamloops station Radio NL for a chat with TRU Talk to the Experts host Paul Graham.

The conversation also touched on Lamb’s research interests, her economic impact studies of BCLC and TRU on Kamloops and how communities can weather financial cycles and events through a healthy mix of small and large employers.

“We live in a very dynamic world. Wherever we live, we are affected by all types of local and global shocks, so a healthy community—a healthy and vibrant community—is one that’s sustainable and in other words, it’s one that can roll with the punches,” said Lamb.

The interview is below and for your convenience, is split into five topical pieces.

NT4

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