Economics is the study of how people choose to use resources. Economics includes the study of labor, land, and investments, of money, income, and production, and of taxes and government expenditures. Economists seek to measure well-being, to learn how well-being may increase over time, and to evaluate the well-being of the rich and the poor.
Economics Program Goals
1) Learn the fundamental concepts, theories, and methodology of economics. Learn how to access extant economic knowledge; Develop understanding of established economic knowledge and schools of thought (perspectives).
2) Develop ability to integrate and apply economic concepts and models to the analysis of problems and to the development and evaluation of economic policy. Use critical thinking skills to evaluate economic arguments and to develop economic arguments; Problem solving and evaluation skills; Learn to view economic phenomenon in a broad context of economic development, as well as social, environmental, and political contexts and in current events.
3) Develop the ability to collect appropriate data and conduct quantitative analyses in order to measure economic phenomena, test economic theories, evaluate policies, and make decisions. Develop information literacy, including the ability to evaluate information sources; Master fundamental quantitative (mathematical and statistical) skills; Draw appropriate conclusions and understand their limitations and implications.
4) Develop ability to effectively communicate in written and oral form. Be able to explain economic concepts, theories, and models to a general audience in written and in oral presentations; Be able to explain an economic problem and possible solutions to both general and economic audiences in writing and in oral presentations.
5) Develop ability to collaborate and work with others. Develop the ability to work cooperatively and take leadership in single- and multi-disciplinary and multi-cultural teams; Develop an understanding of and appreciation for professional and ethical responsibility and the problem of conflict of interest.
6) Develop the intellectual skills for and commitment to personal and professional growth and lifelong learning.