Economics

Students demonstrate five basic kinds of understanding:

• The ability to think abstractly
• Awareness of the assumptions behind different paradigms
• Knowledge of trade-offs faced by economic policymakers
• How price signals lead to resource allocation in a market economy
• The links between the fate of the US economy and global flows of goods and labor

In addition, students will demonstrate:

• basic economic literacy including data interpretation.
• proficiency appling graphical tools and models of microeonomic analysis.
• proficiency appling graphical tools and models of macroeonomic analysis.
• the ability to think logically and critically about economic issues in the hisorical context of economic thought.
• the ability to conduct economic research