Economics

This major teaches students the skills used to understand how households, firms and governments make economic decisions and the implications of those decisions for resource allocation, pricing, the distribution of income and macroeconomic variables.

Before Graduating Students Must

• Take the Economics Field Test conducted by the ETS. This test will be 10% of the student's grade in ECO 3203.The goal of the Department of Economics is that each student's average score exceeds the national average of 154; however, a score of 154 is not a graduation requirement.
• Students who want to graduate magna cum laude or summa cum laude must propose and defend an honors thesis before the department's undergraduate committee.
• Complete requirements for the baccalaureate degree, as determined by faculty.

Skills Students will Acquire in the Major (SLOs)

1. Identify indifference curves as representations of consumer preferences, and to evaluate these indifference curves in the context of preference relations.
2. Model and analyze unfamiliar social interactions using a formal economic framework.
3. Communicate effectively the concept of opportunity costs and tradeoffs.

Curriculum Map

I = Introduced; R = Reinforced; A = Assessed

Assessment Types

• Embedded questions in exams and papers
• The ETS Field Test