The discipline of economics studies how to allocate scarce resource to meet unlimited wants. Nearly all public and private issues possess important economic angles. Thus, thinking as an economist provides valuable insights into our complex world. The economics major prepares students for jobs in businesses, financial firms, government agencies, and nonprofit organizations and for advanced degrees in business, economics, law, public administration, and other social sciences. The economics major also complements learning in other areas of business and the liberal arts.
Learning Outcomes
Use supply & demand analysis.
Apply the concept of opportunity cost.
Use marginal analysis.
Use the model to explain behavior of economic agents in different market structures.
Explain the causes of short-run fluctuations in macro variables.
Explain the determinants of long-run economic growth.
Predict the effects of various micro and macro policies using the appropriate models.
Gather, analyze, and interpret economic data.
Describe the role and function of financial market, institutions, and policies.
Analyze global economic issues.
