Economics is the study of the choices people make. More formally, it's a study of the choices people make as they cope with scarcity and the incentives that influence those choices. When a company decides to hire a new employee, what characteristics determine who is the ''best'' to hire. If a company chooses to hire one employee and not the other, what do they gain and what do they lose. Or, when the government raises taxes on gasoline, how will that affect the amount people purchase and how will incomes for gasoline companies be affected. As an Econ major, you will learn how to navigate through a data set, extract something useful and appropriate from it, and properly interpret those results. <br><br>Economists work for local, state, and federal government, as consultants for corporations, in the banking industry, and as analysts in the private and public sectors. Students who continue in graduate studies commonly get advanced degrees in business, law, and economics.