Rebecca Reid Economics provides a logical, ordered way of looking at problems and issues, which benefits individuals regardless of their line of work. It draws from history, psychology, mathematics, philosophy, and a variety of other disciplines to prepare individuals for responsibilities ranging from household management and business decision making to such societal issues as how to reduce unemployment, control inflation, analyze tax policies, and confront problems as diverse as productivity and environmental decay. Studying economics is an ideal way to prepare for work on a Master of Business Administration degree or for entrance into law school. Private business firms, banks, and other financial institutions employ economists to undertake specialized economic analysis and evaluation of their market positions and profit possibilities, government domestic economic policies with important implications for their business, and international economic events affecting the operation of their firm.
Firms also employ economics graduates to do nonspecialized work in sales and management.
Economists are involved in community, state, and regional planning and various other jobs in government and nonprofit organizations. Many economists find employment in planning positions in foreign countries working for the State Department, Department of Commerce, Treasury Department, the United Nations, the International Monetary Fund, and similar agencies. Economists are also employed in colleges and universities as professors and administrators. Finally, economists engage in private research and act as consultants to individuals, corporations, and government agencies. The economics major is an option for students participating in the Accelerated Baccalaureate Degree Program.