Economics studies how people choose to use their scarce resources to try to satisfy their unlimited wants. Since economics is about people, choice, scarcity, resources and satisfying wants, it's an exciting, broad and yet, practical field of study. It offers useful tools that will help you understand the world and make wiser decisions. The clear, rigorous mode of thinking developed in studying economics offers excellent preparation for a wide variety of professional careers. This is reflected in the diversity of people who have chosen to study economics in college such as Ronald Reagan, Arnold Schwarzenegger, Supreme Court Justice Sandra Day O'Connor, Sam Walton (founder of Wal-Mart), former Secretary of State George Schultz, former Congressman Les Aspin and former Senator Bill Proxmire. Clearly, a background in economics can be helpful in a wide variety of fields.
"The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw conclusions"
- John Maynard Keynes
Check out the San Joaquin Valley Business Forecast! Stanislaus State presents an annual business forecast for the San Joaquin Valley economy. Businesses can view detailed information about trends in the region relative to those of the state and the nation.
Updated: August 10, 2022