The Rule of Law: Docking and mooring regulations on Canandaigua Lake

After my freshman year of college I spent two years living in Honduras. I was exposed to an entirely new culture and witnessed firsthand the harsh economic realities faced by many people. When I returned home and resumed my studies, my experiences in Honduras played a large part in my decision to major in economics.

I knew my courses would be math heavy, but I was surprised at how much the study of economics was the study of human nature. At the micro level, we learned how utility theory explains individual consumer behavior by examining the satisfaction or pleasure derived from the purchase of a good or service. At the macro level, we learned how governments use the inverse relationship between the money supply and interest rates to encourage certain large-scale consumer behavior.

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