About the Economics Program
Broadly defined, economics is the study of how society allocates scarce resources. The goal is to understand the decisions of businesses and consumers as well as the implications and causes of contemporary economic issues by developing a systematic and thorough understanding of precisely how economic systems operate. Courses in the discipline of economics study the structure of markets and economies, the relationship between regions within the global economy, and strive to convey how economists reason and how they analyze models and compare model implications to observations.
A student of economics will have a good understanding of how markets function.
Knowledge of economics is useful for a variety of entry-level jobs in government, industry, or finance. A rapidly growing area of employment for majors, especially those who have strong analytical skills in mathematics and statistics, is management consulting. Another is banking, both commercial banking and investment banking. Governments at all levels, including international organizations such as the United Nations, are also significant employers of economics majors for positions involving analyses of revenues and expenditures, cost-benefit studies of programs in education, health, and transportation.
Program Level Outcomes
Upon completion of the program, students will:
Exhibit strong academic behaviors, evidenced by their timeliness, regular attendance, participation in class activities, adherence to the College Honor Code, and awareness of their opportunities and obligations as students.
Demonstrate through oral and/or written work knowledge of how society can best use scarce resources such as land, raw materials, capital, and labor.
Demonstrate the ability to evaluate evidence and make compelling arguments about the relationships between the supply of goods and services and the demand for them, as well as how these goods and services are produced, distributed, and consumed.
Special Departmental Programs