What’s the difference between economics and managerial economics? Economics is the study of how people use resources to produce goods and services. It focuses on the behavior of individuals, firms, and governments. Managerial economics applies these concepts to help managers make better decisions. Microeconomics is a branch of economics that studies how people use resources. … Read more
When Terri Schiavo collapsed in her home in February of 1990, her life changed forever. Her husband, Michael Schiavo, made the decision to have her medically euthanized 13 years later. This case sparked a national debate over the ethical implications of end-of-life decision making. Many people argue that Terri Schiavo’s husband had the right to … Read more
Life is full of choices. We are constantly making decisions, big and small. Some of these choices are easy, while others are more difficult. Sometimes we make the right choice, and sometimes we make the wrong choice. But what is the right choice? And how do we make sure that we make the right choices … Read more
Decision making is a process that everyone goes through on a daily basis. Whether it’s a simple decision like what to eat for breakfast or a more complex one like deciding which car to buy, we all have to go through the process of making decisions. There are different ways of approaching decision making, and … Read more
Death. A permanent cessation of all vital functions: the end of life (Dorland). What does death feel like? Nobody knows. At least, nobody wants to know. And of course, nobody wants to think about it. It must be painful, right? Well, maybe thinking about it is a good idea. Why should anyone have to go … Read more
A person’s actions impacts their peers, communities, and the world. Many people aspire to be “good” people, and hope to put good out into the world. One can define “good” in many different ways, but depending on an individual’s ethical code, they may or may not be considered good. The three major ethical theories which … Read more