Mississippi State University

Economics is the scientific study of how people and institutions make choices concerning the use of society’s scarce resources. It is a broad social science that shares common interests with both the behavioral sciences (i.e. sociology and psychology) and the decision sciences (i.e. finance and management). The importance of economic analysis is recognized by being the only social science in which a Nobel Prize is awarded. Economics students receive training in the methods and uses of economic analysis as applied to households, businesses, and governments.