Programs in economics
Economics is the study of how individuals and societies allocate limited resources to try to satisfy unlimited wants; it is therefore a study of choices. Households and business firms must decide what and how much to consume or produce and how much labor, land and capital to supply. Governments make decisions affecting inflation and unemployment, taxation and expenditures, the monetary system and international trade. Together these public and private choices determine the nation's prosperity and shape the distribution of its wealth.
Our primary mission in the Department of Economics is to provide both undergraduate and graduate students with a rigorous, broad, and critical program in theoretical and empirical economics. In order to achieve this goal within our curriculum, our faculty:
- Provide a thorough grounding in: neoclassical economic theory, modern quantitative methods, application to the many fields of concentration; and
- Compare and contrast alternative approaches and evidence in order to: analyze economic phenomena, evaluate policy debate, and assess the broader social and political implications and consequences of economic activity