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ECONOMICS
REQUIREMENTS
The primary goal of the economics faculty is to provide its
students, the university, and the community with an understanding
of economic theory and practice, through quality teaching
and advising, significant research, and appropriate community
involvement.The general goals of the economics program are
to develop the following qualities in our students:
- Proficiency in the use of the language of economics in
both written and oral form based on knowledge and understanding
of economic theory and practice.
- Cultivation of critical thinking skills and development
of a logical, ordered approach to problem solving.
- Ability to apply the scientific method to problems in
social science research.
- Preparation of students for graduate study in economics,
and for transition into the workforce.
- Understanding of the historical significance of economics
and its continuing contribution to social outcomes.
- Ability to evaluate positive and normative economics
within the context of their moral and spiritual principles.
Economics is the study of scarcity, of choice, and of efficiency.
As British economist Alfred Marshall wrote, "Economics
is a study of mankind in the ordinary business of life."
As such it draws on history, philosophy, and mathematics to
address such diverse topics as product and resource pricing,
inflation, unemployment, interest-rate determination, environmental
issues, and federal government expenditure and taxation policies.
In addition, the theories and models of economics have been
applied to non-traditional areas, including marriage, child-rearing,
criminal behavior, discrimination, and ethics.
Major and Minor
Economics is considered one of the most flexible of all the
potential fields of undergraduate study for two reasons. First,
students can choose to major in economics either through the
College of Arts and Sciences (bachelor of arts), or through
the Boler School of Business (bachelor of science). Second,
a major in economics provides a comprehensive base for a variety
of academic and professional fields. It is an ideal preparation
for careers in business or for many graduate programs. Economics
majors find employment in banking and other financial institutions,
sales, consulting firms, government service, and teaching.
In addition, many graduate programs - most notably law, business
administration, and economics - regard the study of economics
to be particularly beneficial because of its logical, ordered
approach to problem solving.Furthermore, the study of economics
- the only social science honored by its own Nobel Prize -
is intellectually challenging and rewarding. Economists use
the scientific method to develop and test hypotheses and with
their findings address vital current issues.Students who choose
to major in economics may apply to the department after completing
EC 201-202. Acceptance as a major requires a 2.0 cumulative
grade-point average and a 2.0 grade-point average in previous
course work in economics.
Interdisciplinary Concentrations
- International Economics/Modern Languages - offered in
conjunction with the Department of Classical and Modern
Languages and Cultures.
- International Business - offered in conjunction with
the other academic disciplines of the Boler School of Business
and the Department of Classical and Modern Languages and
Cultures.
- International Studies - offered in conjunction with the
Center for Global Education.
- Mathematics and Economics - offered in conjunction with
the Department of Mathematics and Computer Science and strongly
recommended for those who plan to do graduate work.
- Public Administration and Policy Studies - offered in
conjunction with the Department of Political Science.
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