In Economics Economists study fundamental problems arising from scarcity such as how to manage resources efficiently, how to organize individual and social efforts to improve standards of living, and how to avoid excessive unemployment and inflation. Economists analyze policies in such specific areas as international trade and finance, money and banking, industrial organization, resource economics, public finance, and economic development. Majoring in Economics is not for everyone.
Economists apply rational decision-making procedures to complex questions.
To do very well takes an ability to think analytically. But this is, at least in part, what makes Economics a prestigious major. Economics is recognized as a demanding curriculum and is viewed that way by prospective employers. Professional economists are sought after in academia, business and government. A career as a professional economist typically requires graduate study and a masters or doctoral degree in Economics.