Economics is a social science that studies the efficient allocation of scarce resources to the activities carried out by consumers, businesses, governments, and nations. Modern economics is a quantitative science and its analysis requires a solid foundation in mathematics and statistical analysis. Students majoring in economics go on to careers in business, law, public policy, government institutions, and international relations. Training in economics provides substantive knowledge for advanced degrees such as masters in business administration and law, and Ph.D. degree in economics.

The Economics/Law and Society major combines perspectives from several departments with CHASS, offering students a wider perspective on the law than is customary within a single department. The program coherently organizes requirements to help students develop critical thinking about law and social institutions.