Did You Know That...
- Economics is a science with excellent tools for gaining answers to a plethora of interesting questions?
- Economics is seen as the ideal blend of intellectual prestige (it does offer a Nobel, after all) and practical training for a high-flying finance career?
- John Maynard Keynes's only regret in life was not having drunk more champagne?
- What do Warren Buffett, Arianna Huffington, Sheryl Sandberg, Elon Musk, and Ronald Reagan have in common? They all hold undergraduate degrees in Economics.
The Department of Economics provides traditional courses, as well as experiential learning opportunities (including internships, independent research, and service learning), extensive student-professor interaction, and a friendly and supportive environment for all students. The economics program offers two curricular tracks (standard and quantitative) to prepare students for graduate study and/or work in an array of fields. The study of economics develops the ability to “think like an economist” using deductive reasoning combined with tractable theoretical models. It also provides strong analytical skills required for assessing a full range of public policies, understanding the global, national and local economic issues in a broad context. Additionally, these skills will enable students to analyze particular economic questions, such as identifying and assessing tradeoffs in the context of limited resources, using data to evaluate economic events, testing hypotheses about how consumers and producers make choices, and examining a variety of problems through a filter of efficiency.
The Department of Economics aims to equip our students with the conceptual framework and analytical skills required to think critically about choices relevant for the allocation of scarce resources to satisfy unlimited needs. These skills provide an excellent background for those going on to graduate school and/or work in a wide variety of fields, including business, law, government and diplomacy, education, health care, banking, communications, academia, non-profits, and international organizations.
Introductory courses give students an appreciation of the way economists view the world and some acquaintance with the economist's techniques for analyzing problems. This department strives to produce persons who will be informed, valuable participants in the public and private decision-making.
The Department offers a sufficient range of upper division courses so that students might select a set that matches individual interests and provides an appropriate preparation for individual careers. Upper level courses are small, generally composed of 10-15 students.
The major offers much flexibility in course selection, which leaves the student with opportunities to pursue other, perhaps related, interests in other departments. Many majors minor in other fields, with Math and Politics being among the most popular. Majors are required to take, in addition to the Introductory courses (ECN 101 and 102), ECN 301 (Microeconomics Theory), ECN 302 (Macroeconomics Theory) and ECN 410 (Econometrics), and any five other upper division economics courses.
Department advisors will help students select the best assortment of courses for those going into graduate training in economics and business, to law school, and for those going into employment in business, government or international organization.