Business Economics The University of Arizona

Overview

Economists study how scarce resources can be efficiently allocated to produce the maximum number of goods and services. Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts. 

They apply economic theory to endeavors such as banking, finance, manufacturing, education, law, international trade, labor, insurance, agriculture, health, criminal justice, energy, natural resources, and telecommunications.

Key Features

The field of economics provides a framework for analyzing and solving problems that arise from scarcity. Public issues—inflation, unemployment, budget deficits, and environmental pollution, for example—as well as individual and business decision-making, are examples of the economist's work.

The Business Economics major at The University of Arizona is highly structured with a specific set of business foundation and core classes that must be completed in a predetermined sequence.

Career 

Economists work in government, business and education.

• Government economists monitor and assess economic conditions and provide economic analysis to guide governmental programs and policies.
• Business economists provide the analysis required to make optimal decisions in all major aspects of business activity.
• Academic economists, in addition to teaching conduct research and may act as consultants to business and government agencies.