<p>Economics is more than just the knowledge of math. Statistics is really important to know as a economist, analyst, banker, etc. I’d say it is the bread and butter of economics. Anyways, economics majors are valued because they learn material relevant to the business field. Investing, micro and macroeconomics, world markets, finance and so on. Companies, small or large invest an enormous amount of money, and they need someone who knows how the market is going to react to a situation, what the best stock is to invest in. A chem major isn’t going to know these things, even though it can be taught. However, an employer is going to assume that you know about trading or banking when he hires you. If he hires a chem major that doesn’t know about commodities or statistics or about global markets aside from what you watch on CNBC, then the employer risks losing alot of money by hiring you.</p>