After finishing the Economics Major, students should be able to:

  1. Recognize the role of economic and other incentives in shaping human behavior in real-world situations.
  2. Understand the principles of microeconomics: constrained optimization, production, distribution, consumption, markets, uncertainty and risk.
  3. Understand the principles of macroeconomics: economic growth, unemployment, inflation, money, interest rates, balance of payments, and exchange rates.
  4. Comprehend the structure, development, and impact of economic institutions.
  5. Appreciate the ethical concerns that should underlie economic policy: efficiency, fairness, equity, and individual freedom.
  6. Separate the normative from the positive content in economics propositions and research, including separating arguments based on special pleading from those aimed at serving the interests of humanity.
  7. Use statistics in order to analyze and understand a problem.
  8. Possess the basic mathematical skills needed to understand economic models.
  9. Create or design a model in order to understand an economic problem.
  10. Generate or gather real-world data concerning economic issues.
  11. Write effectively about economics and communicate to readers clearly and fluently.
  12. Orally communicate economic ideas well, presenting ideas and evidence clearly.