Answer to Question #174984 in Software Engineering for Daniel Brown

Question

 As an engineer, explain why it is important for you to study economics State the four key steps in planning an economic study.

Answer 1

Being an engineer, it is indeed important for you to study economics because it will show you that all decisions have a cost, and it's in our engineers' hands to make cheaper and more profitable solutions. If you don't know economics, you will not be able to make wise decisions in your job and they will find someone else who knows how to do it properly.

The four key steps in planning an economic study:

1) Prepare your plan.

2) Try to implement the plan.

3) Supervise your plan.

4) Evaluate your plan.