The debate in Washington over the U.S. debt ceiling. The euro zone's struggles with Greece (and vice versa). The Arab spring. Investor's views of News Corp's value following revelations of phone hacking by journalists at one of its newspapers.
Perhaps less easy to understand is why it's important to understand mathematics in order to master economics.
Incoming students who have been taking the SAIS Online Math Tutorial this summer, with the help of seven DVDs covering 86 modules, may be asking themselves that question. As might prospective applicants.
I asked Prof. Erik Jones about this relationship between mathematics and economics. Here is what he told me:
If you're tempted to wager that the connection between mathematics and economics is relatively recent, think twice. The use of math in economics dates back at least to the 17th century before hitting its stride in the 19th.