Economics analyzes how people make choices under an unavoidable circumstance: relative to our limitless desires, our resources are scarce. The range of issues and circumstances that shape peoples' choices are vast and complicated. Economists use conceptual tools to focus on the most important decision-making factors and to predict typical outcomes of peoples' interactions. Economists also use quantitative tools to test theories, analyze data, and inform ongoing decision-making. Policymakers in the government, executives, and business managers rely on the research and advice of economists in order to achieve various objectives.
At the undergraduate level, students can learn about the types of analysis that economists rely on, and the various fields of inquiry where economists have been most productive. In the Applied Economics program at Farmingdale State College, students learn the methodological tools of economics and apply these tools to problems faced by businesses, households, and governments alike.
Employers and graduate programs both look favorably on applicants with an economics degree because of the critical thinking skills learned and practiced in the sequence of economics courses. After graduation, economics majors often pursue careers in business, banking, finance, government agencies, law, and international relations. Many succeed in graduate studies in a wide range of disciplines and proceed to become leaders in their field.