Economics is a social science that falls under the broader fields of business, finance, and social sciences. It is an interdisciplinary subject, as it combines elements of mathematics, statistics, history, and politics to study the production, distribution, and consumption of goods and services. By understanding how people, businesses, and governments make decisions about resources, economists can help solve real-world problems and shape policies.

The core areas of study in Economics include microeconomics, macroeconomics, international economics, and econometrics. Microeconomics focuses on the behavior of individual consumers and firms, while macroeconomics looks at the economy as a whole, including inflation, unemployment, and economic growth. International economics explores trade and finance between countries, and econometrics applies statistical methods to analyze economic data. Potential areas of specialization include labor economics, environmental economics, and development economics, among others.

An Economics major can lead to a wide range of career options, both within and outside the field. Within the field, economists can work as analysts, consultants, or researchers for government agencies, financial institutions, or think tanks. Outside the field, the analytical and problem-solving skills gained from studying economics are highly valued in careers such as management, marketing, and public policy. Additionally, a background in economics can be beneficial for entrepreneurs, journalists, or even nonprofit workers.

What sets Economics apart from other majors is its focus on understanding the complex relationships between individuals, businesses, and governments in the global economy. Students gain a deep understanding of how economic policies and events affect people's lives and can use this knowledge to make informed decisions and contribute to societal well-being. In the UK, students can study Economics directly at the undergraduate level, while in the US, it is typically studied as a major within a broader liberal arts education.

An Economics major equips students with a variety of marketable, transferable, and in-demand skills. These include critical thinking, data analysis, problem-solving, and effective communication. Economists are often called upon to make sense of complex data and provide insights to help businesses and governments make informed decisions. These skills are not only valuable in the field of economics but are also sought after in various industries, making Economics graduates versatile and adaptable in the job market.