Economics

What is Economics?
Economics is the study of people and the choices they make regarding the production, distribution, and allocation of resources. Economists are individuals whose education and training enable them to analyze and make policy recommendations about:

  • Output – the goods and/or services produced;
  • Input – the methods of production;
  • Distribution;
  • Levels of employment and growth, which concern uses of labor and capital;
  • The role of government in economic life; and,
  • International finance, trade, and development.

Contemporary economists focus on the central problem of scarcity, which arises from the fact that human wants generally exceed available resources. Ultimately, economists seek to establish principles from which to formulate theories and/or policies. Economists apply those theories and policies to issues and concerns that affect all areas of our lives.

At UCSB, a Bachelor of Arts in Economics can provide the background for diverse career options. UCSB students are competitors for the best graduate programs in the country in such areas as business administration, economics, law, finance, and journalism.  For example, some of our graduates are candidates for management training programs in large corporations and retail firms; others go into such areas as finance, management of natural resources, management consulting, industrial relations, and operations research. In the public sector, there are opportunities in the Foreign Service, the Bureau of the Census, the U.S. Information Service, public utility corporations, and federal, state, and local governments.

Major, General, and Career Information

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