Economics is the study of production, distribution, and consumption of goods and services. It recognizes that, since resources are limited, individuals face tradeoffs when making decisions. Economists employ mathematical models to generate hypotheses and statistical methods to analyze data on a wide range of topics.
As a business field and social science, economics provides a solid foundation for a wide variety of careers in the private and public sectors. Economics majors work as financial analysts, accountants, controllers, project managers, business analysts, bankers, business process consultants, policy analysts, and regulators. Many companies employ economists to forecast demand and analyze market data. In the financial sector, economists assess risk and evaluate clients. Public economists estimate the effects of regulations and project future tax revenues. International organizations hire economists to assist with development projects. The career prospects are as wide as the discipline itself.