Economic policy is rooted in the belief that government should be involved in some, if not all, financial decisions regarding local, state, and national economies. Economic policy may refer to interest rates, tax policy, government spending, as well as economic development and trade policies.

A bachelor's degree is given to students who fulfill the necessary requirements given by the college or university they are attending. The requirements include three to seven years of focus on a subject, typically referred to as a major or concentration.