Hayoung, Introduction; Question #2

Reading the Introduction to Naked Economics by Charles Wheelan has shown to me that economics is more than just the math people use when dealing with money, as I use to believe. It was when Wheelan used the great example of the effects of having a new mandate for insurance companies to cover the cost of two nights in the hospital for women who have delivered babies that I understood the importance of having an economic mind. He goes on to explain that if insurance companies are forced to pay for an extra day, then they will have to raise premiums making health insurance unattainable to certain people. The repercussions of these type of superficially pleasing plans are too costly to not look into and educate myself on. The whole theme of the introduction was to explain why we as educated people should not take economics for granted and expand our knowledge on the topic, and it has done just that. It has shown how economics deals with social issues something I am very passionate about, but would have never associated with economics. It does affect my daily life just as the car scenario explains on how payment is not just monetary nor paid of just by the owner of the vehicle but also the people and environment it can pollute or destroy. Such strong concepts are important even if your not planning on becoming a economist in the future.