Economics is the study of how resources are combined and organized to provide for the material wants of society. In effect, it describes the environment within which individuals, business firms, non-profit institutions, and governments operate to meet their goals. The areas of concentration in Tulane’s department of economics include public economics, health, environmental economics, industrial organization, development economics, econometrics, and international economics. Faculty research and teaching interests include taxation, government expenditure policy, environmental regulation, education, health policy, urban problems, the control of monopoly, and cross-sectional econometrics. Students wishing to major in economics have two options: (1) the B.S. program and (2) the B.A. program.