Economics Minor (A)

Economics is the study of how people manage limited (scarce) resources. All kinds of resources are scarce: money, time, natural resources, energy, land, etc. There are not enough resources to produce everything we desire, so we must make choices about how to use what little resources we have. In the end, sacrifices must be made. Economists study individual decision-making behavior, as well as the system of social, political, cultural and commercial environments where these decisions happen. A minor in Economics enhances a student’s primary field of study by contributing knowledge about scarcity, decision-making, markets, industries, economies and public policy and current events. This program gives students a brief exposure to a variety of economic topics.