The study of Economics provides an understanding of economic concepts and the functioning of the economy in addition to the ability to apply economic analysis in problem solving. Accounting is an important tool used by managers of organizations to plan, control and report financial activity. Studying accounting leads to greater understanding of the operation and financial condition of any business, non-profit organization, or governmental agency. The combined Economics/Accounting major at Western is designed to integrate the most important aspects of economic theory and accounting practice to provide the foundation and advanced knowledge students need to succeed in business. It's an excellent undergraduate major for students wishing to pursue graduate study in law or business.