Economics is the study of how people make decisions in a world where resources are scarce. The field examines important questions that are at the heart of many debates in our modern world, and teaches students to utilize theoretical models and factual information to craft responses to these questions. Economic theory provides students with the theoretical foundations necessary to understand real-world problems. Strong quantitative reasoning skills help students to carefully analyze complex problems, skills needed for success in life and future careers. Economics is a useful background for a wide variety of occupations, including business, finance, marketing, policy, law, non-profits, teaching, and public service.
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