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The study of economics is dedicated to understanding the production, distribution, and consumption of goods and services. Despite popular belief about the alleged “dismal science,” economics is fascinating; a field about a fundamental element of human behavior: decision making. Students can learn more about how individuals, businesses, governments, and societies choose to spend their time and money from online economics courses made available for free from many top-tier schools.

As professionals who study the production and distribution of resources, goods, and services,economists do a lot of research to understand how and why people, organizations and societies make the choices they do. The U.S. Bureau of Labor Statistics (BLS) considers conducting surveys, collecting data, and forecasting business trends on the micro and macro level to be the most common responsibilities in econ positions.

But as one might expect, the role of an economist often varies, according to the BLS. A government economist may study taxes, trade or minimum wage – all in an effort to inform policy decisions. An economist for a business may direct the organization on what to sell, at what price and when.

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