words related to economics

               The need for people who can think, learn and solve problems is timeless.                  The study of economics hones these highly valued abilities.


Individuals, businesses and governments face daily decisions about how to allocate scarce resources. The choices are extensive and range from which career path to follow to which candidates would make the best hires to what goods should be produced, and what policies will lead to the best outcomes.

Economics is the study of this critical decision-making behavior. It is a mode of thinking and reasoning with widespread professional and personal application.

Some vocations require very specific skills and knowledge that can quickly become outdated, such as knowledge of particular computer programs or specialized equipment. The study of economics builds and hones the timeless skills that employers value most highly -- the ability to think critically and carefully, the ability to learn new skills, and the ability to solve problems. It's what is known as "the economic way of thinking."

Our Economics major is offered through the College of Letters and Science. We offer training in:

  • Behavioral economics
  • Economic development
  • Environmental policy and natural resource economics
  • Financial economics
  • Health economics
  • International economics and trade
  • Labor economics
  • Money and banking
  • Public policy analysis
  • Statistics and econometrics

Still wondering about the economics discipline and what economists do?

Check out this video from the American Economic Association and visit the
AEA student resource page to learn more.