Explore how societies allocate scarce resources in the presence of unlimited wants and important questions like; why are some countries poor and others rich and why do some jobs pay high salaries while others pay low wages?
The department offers courses in economic theory as well as quantitative analytical training. Our students will not only gain conceptual understanding of economic issues, but also empirical problem solving skills that can be applied to a variety of fields including international, monetary, financial economics, labor, development, as well as behavioral economics.
Economics is the study of ways in which individuals, groups, and nations choose to allocate scarce resources to produce, exchange, and consume goods and services. Poverty, unemployment, climate change, violent conflict, inflation and inequality are pressing issues in our world. The economics curriculum helps students understand the basic theories that explain some of these problems and provides students with some of the tools needed to begin to answer questions related to these challenges. We also examine the various ways to address these issues and the role of government. In addition to the traditional economics major, students who plan graduate study in economics are encouraged to take additional courses in mathematics or consider the mathematics-economics major.