You would likely revert to a medieval lifestyle, growing your own food and defending our own property.
Say goodbye to the i Phones, cushy jobs, roads (even the shitty ones), branded clothes and the air-conditioned comforts.
Studying economics can be both rewarding and intimidating at first, but knowledge of basic economics is essential not only for the B-School junta but for anyone who interacts with markets.
Two branches within the subject have evolved thus: microeconomics (individual choices) which deals with entities and the interaction between those entities, while macroeconomics (aggregate outcomes) deals with the entire economy as a whole.
A typical college student (or an overburdened husband?