Economics is the social science studying how society uses its limited resources to meet desires and wants. Put otherwise, economics studies what, how and for whom society produces. This involves analyzing the production, distribution and consumption of goods and services.
Economics begins with the premise that resources are scarce and that it is necessary to choose between competing alternatives. That is, economics deals with tradeoffs. With scarcity, choosing one alternative implies forgoing another alternative -- the opportunity cost. The opportunity costs creates an implicit price relationship between competing alternatives.
The Financial Economics track is a more applied track than Economic Analysis. While it does not foreclose graduate study in economics, students completing this track will be more likely to need additional coursework to satisfy prerequisite requirements in some graduate programs. This major is essentially the liberal arts version of a finance major, dealing with the branch of economics concerned with the workings of financial markets, such as the stock market, and the financing of companies. Financial economics attempts to answer questions such as:
Track 2: Financial Economics
Courses Required
What can I do with a major in...Economics? Information on areas of employment, employers and strategies.
