Economics is the science that studies the consequences of scarcity, with applications to intelligent management and enhancement of scarce resources in diverse contexts, including government, policy, and sustainability, as well as business and financial planning. With exploding human population and per capita consumption it stands to increase in importance in the foreseeable future. Mathematics is the study of idealized constructs used in modeling real-world phenomena, and can add depth and power to economic analyses, and enable insights that were previously inaccessible.
The comprehensive Economics component of the curriculum that emphasizes essential economic theory, statistical analyses of economic data, and their symbiosis in the discipline of “applied economics.” The additional mathematical component equips the student with the skills for more complex models and more computationally intensive techniques. Applied economists have careers in education and health economics, econometrics and statistical analysis, international trade and finance, urban and regional economics, information and Internet economics, industrial organization, market regulation, and environmental economics. Information on employment, wages and such that is provided by the American Economic Association.
Last updated: April 9, 2021 09:17 am EDT