“Economics is a study of humankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well-being. Thus it is on the one side a study of wealth; and on the other, and more important side, a part of the study of humanity.” – Alfred Marshall, Principles of Economics
Economics is the study of how people and organizations make decisions, how they interact with each other, and how institutions and policies can be designed to improve people’s lives. Economists strive to understand the world around them both as it is and as it ought to be.
The economics major serves as excellent preparation for careers in a wide variety of fields, including economic analysis, banking, accounting, consulting, health administration, finance, business management, teaching, and international affairs. The economics major also provides a solid foundation for students wishing to pursue graduate studies in economics, public policy, business, and law.