Economics is a discipline that examines society’s responses to the problem of scarcity. This necessitates that people make choices, and hence, deals with decision-making, problem-solving and critical thinking. Economics courses are offered to support the various majors offered by the Business Administration Division and various interdisciplinary majors. Although there is no major offered in Economics, students may obtain a minor.
Objectives of Economic Courses (Minor in Economics Student Outcomes):
- Learn economic vocabulary. The student should be able to recognize, define, and use economic terminology in classroom discussions, reading assignments, and formal assessments.
- Learn to apply graphing techniques and interpret economic models. The student should demonstrate the ability to read and interpret economic models demonstrated graphically and to use linear algebra to explain the relationships among economic variables.
- Learn about economic problem solving. The student should develop the ability to use economic analytical tools to explain, solve, and predict outcomes in the hypothetical, as well as real world economic situations.
- Learn about and discuss current economic issues. The student should develop the ability to relate economic principles to current and real world situations.
