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Arts and Sciences Learning Objectives

Economics

Quantitative Economics

Quantitative Economics Majors 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 statistical and econometric methods - including data gathering, data analysis, and hypothesis testing – in applied empirical work.
     
  4. Apply multivariate calculus and linear algebra to the study of economic issues, and to use mathematical tools to derive results in economic theory and econometrics.

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