Yale University

Economics is much broader than the study of recessions and inflation or stocks and bonds. Economists study decision making and incentives such as how taxes create incentives for labor market and savings behavior. Many current public policy debates concern questions of economics, including causes and consequences of inequality and gender and racial wage gaps; how to address poverty; the impact of immigration and trade on the well-being of a country’s citizens; the cause of the Great Recession; and how to predict future downturns. 

Those with economics training find employment in government agencies, nonprofits, and, of course, economic consulting and investment banking. In addition to pursuing advanced degrees in economics, economics majors also go on to do graduate work in law, medicine, and business.