Economics is the study of how people manage scarce resources. Economics encompasses a wide range of topics. Microeconomics (ECO 230) examines the choices and decisions of consumers and firms. Macroeconomics (ECO 231) explores economy-wide issues such as unemployment, inflation, and economic growth and their impact on individuals and firms. The study of economics combines a high degree of analytical rigor with economic concepts that impart general skills applicable in many areas including business, government, education, not-for-profits, research, and consulting.
The economics courses required in the School of Business at Eastern Kentucky University focus on the application of economic understanding to real-world decision making. Economics faculty develop applications that will help students make better decisions. The faculty are student-centered. While EKU does not currently offer a major or minor in economics, students can take courses that will enhance critical and analytical skills that are essential to sound decision-making in today’s global economy.
For additional information, see the American Economic Association Resources for Students.