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Arts and Sciences Learning Objectives

Economics

Economics Majors at Tufts will be expected to:

  1. Use fundamental economics concepts - such as scarcity, incentives, trade-offs, opportunity costs, comparative advantage, price system, efficient allocation of resources, market failures, government failures, and scope of fiscal, monetary, and regulatory policies.
     
  2. Apply economic theory to a range of economic issues across a variety of fields and economics sub-disciplines, and effectively communicate their analysis.
     
  3. Use basic statistical and econometric methods - including data gathering, data analysis, and hypothesis testing -- in applied empirical work.

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