Economics examines the material prosperity of countries and their citizens in an interdependent world of limited resources and technological change. In doing so, it studies how decisions are made by private businesses, governments, and households in producing, consuming, and distributing goods. In general, economics is concerned with how society can obtain the greatest output from its limited resources. Economics is also concerned with monetary arrangements and their impact upon purchasing power and economic performance. Economic principles yield basic insights into the workings of the market system and the national and international environment within which business operates. These principles provide analysis that is fundamental to understanding the organization and decisions of the government, business, and financial sectors. Economics also develops criteria for assessing the performance of the market systems and of governments regarding their efficiency and their impact upon the well-being of consumers and workers.Hands-on Opportunities. The Department of Economics prides itself on innovation in the classroom. Students are encouraged to participate in a variety of co-curricular activities and classes to gain practical knowledge, develop networks, hone leadership skills, and learn more about the real world.