Economics is essentially the study of choice.
Economists analyze how individuals, businesses, and institutions
allocate scarce resources in the process of solving daily economic
problems. Economics is among the most popular majors at colleges &
universities throughout the United States. The study of economics
develops analytical, lateral and higher-order thinking skills that are
vital for success in any occupation.
Finance involves making decisions about the future.
Corporate financial managers determine the optimal levels of cash,
short-term investments, accounts receivable, and fixed assets to support
the firm's future operations. Corporate financial managers also
analyze the options for financing these assets.
Other finance majors choose to work in the area of
investments. Stockbrokers and financial planners assist
individuals and companies in planning for the future. Investment
professionals analyze both the present and future environment of the
client and and the alternative investments available to meet the needs
of the client.
Finance graduates are also involved in banking,
making lending decisions that will allow businesses to operate and grow,
and meet the funding needs of individuals. As a result of their
activities, loan officers also manage portfolios of loans that represent
assets of the financial institution.
Real estate and insurance are also areas of finance.
Finance graduates may be making decisions about a company's investment
properties or the best financing alternatives for the acquisition of
real estate. Graduates with an emphasis in insurance may be
advising individuals and companies about their risk management needs, or
they may be involved in risk management for a particular firm.
