Preparation for a career in economics requires a broad background in basic economic theory and an in-depth study of the quantitative tools important to the economist. In light of the emphasis on the quantitative approach to economic theory, students are advised to select courses in mathematics and computer science beyond those specifically required in the economics curriculum.
Goals and Student Learning Outcomes for Economics:
Understand economic theory, institutions and policy making. Students will be able to:
Explain how economic decision making utilizes marginal benefit-marginal cost analysis.
Explain the various aspects of production, prices, employment, and economic growth in an open economy.
Explain the role of central banks and governments in the formulation and conduct of monetary and fiscal policies.
Apply the economic way of thinking in a variety of situations. Students will be able to:
Evaluate and analyze public policy options in a variety of social and economic issues.
Analyze economic events and conditions in the global economy.
Communicate ideas effectively. Students will be able to:
Present logical arguments grounded in economic theory.
Communicate clearly, confidently and persuasively in written and oral forms.
Employ quantitative and analytical skills. Students will be able to:
Develop and use mathematical models of economic behavior.
Use data analysis to explain economic phenomena and to test economic theories.