Why you should major in Economics

<p>Economics is the study of how people try to maximize their well being or utility under resource or cost constraint.</p>

<p>Microeconomics is the study of such on an individual or small scale. For example, at what price will a market for a given good or service settle at?</p>

<p>Macroeconomics is the study of large economic systems, like entire countries. For example, if the central bank buys or sells government bonds or changes the interest rate at which it does overnight lending to other banks, what is the likely effect on other parts of the economy (economic output, employment, etc.)?</p>