What is Economics?
Economics is the study of human energy - how we organize our efforts to get what we want. Market exchange plays a central role in this process, but processes of conflict and coordination that take place outside of markets are also important. Economics contains two broad sub-disciplines. Microeconomics analyzes the individual behavior of households, business firms, and governmental entities. Macroeconomics focuses upon aggregate economic performance of nations and their interdependencies in the global economy.
Should I Study Economics?
Whether or not Economics is a wise choice of major for you depends upon your aspirations, preferences, and abilities. Choice of a major is very personal, and only you are in a position to assess whether or not a major in Economics is appropriate for you.
Before declaring a major in Economics, we encourage you to contrast the costs and benefits of the alternatives available to you. Your personal interest in economics, the ease with which the demands of the major mesh with your skills, and your long-term career goals, all affect the extent to which this major suits you.
American Economic Association
The American Economic Association has developed a website for prospective college students and current undergraduates describing the field of Economics. Visit their website at aeaweb.org/students.