The study of economics provides a foundation for the student to better understand personal life decisions, social choices, and political issues. According to Business Week magazine, economics is the second most popular college majors among the nation's top one thousand CEO's, second only to engineering. Economics develops methods for analyzing some of the more difficult questions of our day in the areas of personal spending behavior, business decisions and public policy. With its analysis of financial markets and banking, economics can also help in making personal financial decisions, or aid in making career choices. Economics is the study of how our economy works.
Economists recommend policy action to achieve full-employment, price stability and economic growth.
This knowledge will help students become better citizens in a complex social environment.