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
• The ability to apply tools of economic analysis to real world phenomena and increases
• Proficiency with economic data and graphs
• Awareness of links between economics and other disciplines
• An ability to apply the tools of economic analysis to real world phenomena
• An ability to think logically and critically about economic issues
• Proficiency with economic models
• Ability to conduct and present economic research