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Economics examines how limited resources are distributed, exploring how people, organizations, governments, and companies make decisions and the impacts of those decisions on individuals, countries, and communities. For additional information about pursuing economics as an undergraduate discipline, check out the American Economic Association.
Economics focuses on how people and societies manage limited resources and allocate products and services. Scenarios that involve selecting between competing options can all be considered economic challenges. Through economics courses, learners analyze individual decision-making (microeconomics), government policy choices (public choice), broader societal outcomes (macroeconomics), and validate theories using real-world data (econometrics). The Economics program also covers global commerce, financial systems, and the growth of developing economies.