What is Economics? Economics is the study of how we use our resources for the production, distribution, and consumption of goods and services. Economists study problems such as inflation and unemployment. They analyze social institutions, banks, the stock market, the government and they look at problems connected with labor negotiations, taxes, international trade, and urban and environmental issues.

What can I do with this major? Recent graduates report job titles such as research analyst for the Tax Analysis Division in Ohio government. Another works for Ohio's Legislative Budget Office as an economic analyst. Others work for private firms as forecast analysts, economic analysts, and investment bankers and advisers. Many economics graduates go on to law school, where they may specialize in the economics of law. Others continue their economics study in graduate school so they can teach or consult in the field. For example, the Federal Reserve Board in Cleveland has 25 Ph.D. economists as well as many research assistants with master's degrees. Large corporations with economic analyst groups have both doctoral and master's level staff. Most graduates go into business, and some eventually go on to get an M.B.A. in general management or marketing.