It is applied in areas like environment, health, industrial organization, labor and urban economics. Macroeconomics examines the behavior and functioning of the aggregate economy including income, output, employment, price, wages etc. Monetary, development and international economics are some fields where the tools of macroeconomics are used.

The economics major trains students to understand the theoretical concepts of economics and their applications to economic problems both domestic and global. Students learn how economic agents, namely, consumers, business, and government interact in the marketplace and determine the allocation of society?s scarce resources. They are trained to use the main tools of economic analysis, i.e., mathematical equations, graphs, tables to analyze the relationship among economic variables. A degree in economics prepares students for graduate study in economics and related fields?including business and public policy?locally, regionally, nationally, and internationally.