Among the topics discussed are the interaction of consumers and producers, behavioral economics, market equilibrium, investment and savings, employment and unemployment, monetary policy and the role of the FED, economic development and emerging markets, and government taxation and spending.

Economics is the study of scarcity and its implications for the optimal use of resources, production of goods and services, advances in technology and welfare over time and a myriad of other issues of vital concern to individuals and society. The central challenge of economics is to determine the most effective use of resources to improve individual and social welfare.

Learning Outcomes

Upon successful completion of all requirements, the student will have knowledge of:

• How to demonstrate a good working knowledge of the basic principles and terminology of microeconomics and macroeconomics.
• How to demonstrate the ability to read, evaluate and interpret general economic information.
• How to demonstrate the ability to understand and use basic statistics.
• How to demonstrate a sound knowledge of the subject areas covered by the elective courses.
• Math proficiency through calculus I and II.
• Ability to communicate effectively both in written and oral form.