Economics is defined as the science that studies the ways in which individuals, firms and societies, confronted with unlimited aims and desires, allocate their scarce resources to fulfill these competing ends. In that sense, economics covers a wide range of topics, ranging from utility and profit maximization of individuals and firms, to markets and domestic and international issues and problems. The M.A. Program in Economics is for students who would like to further their understanding of economics and/or specialize in certain areas of economic analysis. It is tailored for students with different educational backgrounds and professional objectives. Students can specialize in public finance, monetary economics and international finance and trade by taking the various courses offered by the department.