Economics is the study of the production and distribution of material wealth. This study offers an understanding of the institutions—and their historical evolution—that govern production and distribution at the national and global levels. Economics also analyzes how and why these institutions function well or badly in part and in whole, including an examination of how individual markets for products, workers and finance work. Students learn theories of business cycles and economic structural changes. They investigate the choices and consequences of government policy alternatives. The economics program prepares students for a variety of careers in business, banking, government and teaching. Economists hold positions in private industry and government as international advisors or consultants. Economics is a strong major for students interested in pursuing advanced degrees in law, business, political science and, of course, economics.

Related Fields.