Sam Gray of Boulder earned a bachelor’s degree in economics and international affairs from University of Colorado at Boulder. He double majored in these two fields because he had a desire to learn about a country’s economy affected its citizens. He is now a member of the Peace Corps and is stationed in the Dominican Republic. He is helping the locals of El Limon build an ecotourism company. This community hopes that this ecotourism project will help fund their economy and provide jobs. Sam Gray of Boulder understands that having a knowledge of economics in entrepreneurship, business, and in understanding government policies.
The term economics refers to the wide array of factors that have an influence over the production, distribution, and consumption of goods and services in a country, state, or city. Economics students and professional economists have an understanding of how the world works. Every community, whether large or small, has an industry. Some communities have a farming industry, others a tourist industry, or a fishing industry depending on the location of the community. These industries are vital to understanding the culture of a community. If a region has a fishing industry then that will dictate their recreational activities, cuisine, and more. The culture is also impacted by the financial standing the majority of its residents. Industry and economy both determine whether a community is wealthy, or poor. It determines what types of jobs people have, and the issues its government focuses on. Economists are able to understand how government decisions and policies impact the economy, and how those impacts relate to workers.
Municipalities, cities, and states all have their own isolated economy. Each level ultimately feeds into the country’s overall economy. Students of this field learn how international trade works, and the effect of international policies on a single country’s economy. In order to understand the function of a country and international relations, an education or understanding of economics is important. Many students who choose to study economics are able to work in business, international affairs, or within the government. An economics degree is highly applicable to the real world and can be used in nearly every job setting. These students are able to analyze a policy and determine its effect on every level of the economy. They are able to spot consequences as well as secondary effects of government and international policies. Sam Gray of Boulder uses his training in economics to help promote the economy of El Limon through ecotourism.