Are you interested in learning about wealth, growth, money, income, recession, monopoly, poverty, trade, jobs, depression and prices? Would you like to study about what makes the world go around? Then you are the ideal candidate for the economics field. Economics affects everyone in the world.
Economics is the study of allocating resources among competitive uses through either through market forces or public policy. Essentially, Economics is the science of choice. Economic skills are useful to evaluate methods of achieving the goals and objectives of society as well as the formulation of policies and strategies that work to achieve such objectives.
Economics deals in theories, some economists use such theories to advise big corporations as well as governments. The most powerful economists are the Council of Economic Advisors who are trying to help the president steer the American economy in the right direction. By majoring in Economics, you will have a greater understanding of how they do things.
When you decide to major in Economics, there are a few other courses in social science that you may benefit from such as Psychology, Geography, International Relations, Anthropology, Sociology, History, and Political Science. Economics has a relevance to all of these subjects.
25 Jul, 2008