After finishing the Economics major, students should be able to:
- Explain how incentives determine choices and shape human behavior and outcomes in real‐world situations.
- Describe the concepts and models that underlie microeconomics and macroeconomics.
- Discuss the structure, development, and impact of economic institutions.
- Evaluate ethical concerns about economic analyses and policy, such as efficiency, fairness, equity, and individual freedom.
- Perform causal inference using data and statistical analysis, in particular econometrics, to analyze and understand real‐word problems.
- Apply mathematical skills, including calculus, to understand economic problems.
- Design, solve, and interpret models that describe, explain, and address economic problems.
- Communicate economic ideas, theories, and evidence effectively in oral and written form.