Arts and Sciences Learning Objectives
Majors will be expected to:
- 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.
- Apply economic theory to a range of economic issues across a variety of
fields and economics sub-disciplines, and effectively communicate their
- Use statistical and econometric methods - including data gathering, data
analysis, and hypothesis testing – in applied empirical work.
- Apply multivariate calculus and linear algebra to the study of economic
issues, and to use mathematical tools to derive results in economic theory
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