(c) Discuss the importance of
Economics to study Political Science.
Answers
Answer:
According to Stilwell, political economy rejects a narrow focus on “pure markets” in favour of a “broader view of economic enquiry, its social purpose and its political application”. It's an approach that stresses the importance of historical processes, structural forces and institutions in shaping economic outcomes.
Answer:
Explanation:
The study of Economics provides insights into decision-making, market outcomes and the functioning of the overall economy. Political Science is concerned with the structure and function of both domestic and international political systems, and engaging questions associated with American politics, international politics, public policy and political theory. The combined Economics / Political Science major provides students with rigorous preparation in both economic theory and applications, and political processes at the national and international levels. By combining coursework in Economics and Political Science, students gain an interdisciplinary perspective important to understanding both political and economic issues. Students are trained in research methods used in Economics and Political Science, giving them interdisciplinary tools for problem solving and policy making. Students in this program will gain insight into a variety of areas including trade, monetary systems, development, and the interplay between politics and economics within the U.S. and the international system.
The combination of economics and political science is extremely beneficial to students who aspire to to work in government or legal positions. Many students majoring in economics/political science go on to law school, graduate school and into the professions.