However, special limitations apply for teaching majors. The Discipline Economics examines how societies choose to allocate scarce resources among competing uses. Career Opportunities Professional economists basically work in three fields. Some work in business, others in government, and some choose academic careers. The lifestyles of these groups vary greatly, making the decision of which career to adopt an important one.
Business economists forecast and analyze various aspects of the economy for their employers.
They often work for banks, insurance companies, investment firms, and large manufacturing firms. Government economists accumulate, interpret, and analyze national and international statistics in order to suggest proper policy. They work for agencies such as the State Department, the Treasury, the Bureau of Labor Statistics, and the Department of Commerce. The jobs available in government are numerous and varied. Academic economists teach and conduct research at colleges and universities around the world.