Economists are concerned with how individuals and firms make decisions about work, consumption, investment, hiring, and pricing goods and services. Economists also study how entire economies work and how they work together.
Researchers try to explain why recessions occur and why there is inflation.
Economists also try to determine why economies are different and how they work together. Even the fall of Communism, often thought of as a purely political occurrence, can be analyzed from an Economic perspective. While Economics may not provide a student with a specific trade like accounting or nursing, it provides a broad base of knowledge and skills to build on. Economics sheds light on how the world, and corporations, work, but more importantly it teaches a student how to think. Corporations recognize the value of an Economics degree, and prefer Economics majors over any other Liberal Arts major.