Economics Learning Outcomes
After finishing the Economics major, students should be able to:
- See the role of economic and other incentives in shaping human behavior in real-world situations.
- Understand the principles of microeconomics: uncertainty and risk, constrained optimization, production, distribution, consumption, and markets.
- Understand the principles of macroeconomics: economic growth, unemployment, inflation, money, interest rates, balance of payments, and exchange rates.
- Comprehend the structure, development, and impact of economic institutions.
- Appreciate the ethical concerns that should underlie economic policy: efficiency, fairness, equity, and individual freedom.
- 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.
- Use statistics in order to analyze and understand a problem.
- Possess the mathematical skills needed to understand economic problems.
- Create or design a model in order to understand an economic problem.
- Generate or gather real-world data concerning economic issues.
- Write effectively about economics and communicate to readers clearly and fluently.
- Orally communicate economic ideas well, presenting theories and evidence clearly.