Economics is the study of choice. In a world with scarce resources (such as raw materials, labor, time), economists study how people choose to use those resources to make people as well-off as possible. The economics curriculum stresses both theory and application of important economic issues in society, such as unemployment, inflation, exchange rates, labor markets, economic development, environmental policies, and international trade and finance.
The Department of Economics in the College of Letters and Science offers a wide variety of courses in economic theory, policy, and statistics.

