Economics studies how societies allocate finite resources to meet the demand for goods and services. It encompasses the analysis of resources, production, distribution, and demand across various sectors. Faculty members in the economics department value intellectual engagement, recognizing that teaching is enhanced through continuous learning. The study of economics fosters technical competence in modern markets, develops analytical skills, and applies economic analysis to fields like education, health, and the environment. Economists, found in government agencies, corporations, and research firms, play a crucial role in evaluating resource production and distribution.