Learning Goals and Student Learning Outcomes
The following goals and learning outcomes have been established for students pursuing a degree in Economics.
Understand critical concepts
- Understand the economic challenge of allocating limited resources among competing uses in a global economy and across different market structures under conditions of limited information.
- Understand the behavior of consumers and producers in product and factor markets and the concept of efficient allocation of resources as a maximizing mechanism.
- Understand the role of government in the economy in the context of business activity, income distribution, economic growth, globalization and market failure.
Engage in policy oriented analysis
- Understand the theory used to analyze economic variables and how they are affected by public policy and other factors.
- Critically evaluate and compare alternative schools of thought and expected policy outcomes.
- Understand the interaction between goods, factors and financial markets.
- Understand how to access, use and interpret economic data and apply theory to analyze and discuss economic issues and events.
- Understand how to access existing economic literature and analyze economic problems using theoretical, statistical, and quantitative methods.