Economics is the study of how individuals, firms, government, and society allocate scarce resources.

Students who study economics enjoy a broad liberal arts education, while also developing the analytical tools to be successful in the job market and/or gain entry to graduate school.   Economists develop theoretical and statistical models to analyze and forecast variables in the economy.  The models force a level of precision and analytical rigor that can assist households, businesses, governments, and other organizations in making efficient decisions.  Specific duties of an individual employed as an economist include: 

  • Collect, analyze, and present data
  • Develop surveys and sampling techniques
  • Monitor economic trends
  • Write economic articles for media outlets
  • Prepare research reports
  • Develop models and forecasts of numerous variables
  • Conduct cost and pricing analyses
  • Conduct benefit-cost analyses