Your Financial Life Explained

CAS economics class teaches key life lessons

From BU Today
By Leslie Friday
June 14, 2013

The course description for Aaron Stevens’ economics class should read: “Take this and you’ll be prepared for every decision you make from now until death.” That may be a tad dramatic, but it’s not far off base, considering that students learn how to use applied economics to make decisions on spending, saving, borrowing, choosing careers, marriage, reproduction, and retirement. And that’s just the short list.

“The economic system has grown up without a specific plan for educating people how to get a fair shake and get the best deal,” says Stevens, a College of Arts & Science lecturer in economics and computer science, who wrote the class’ eponymous text, Personal Life Cycle Economics. “If you can help people understand the process, then the life cycle model is the clear way to do this decision-making.”

Read the full article at BU Today.