Economics
Economics is the study of how people, working through institutions such as markets and governmental agencies, organize to meet the material requirements of life. As such, it concerns the wealth of nations, its origins in production and exchange, its allocation among competing uses, its distribution among individuals, and its accumulation or decline.
Economists not only attempt to understand the mechanisms through which this occurs, they also make policy recommendations intended to improve the well-being of society.
The study of economics has been variously pursued using analytical approaches, historical approaches, and/or institutional and sociological approaches. At Merrimack, economics majors have the opportunity to explore all of these approaches with an overall emphasis upon developing the problem solving skills of our students.