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Economics analyzes how individuals and societies produce, allocate, distribute, and expend resources Taxation and other government programs Students learn to examine the inherent relationship between costs and benefits, and the values associated with them
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An understanding of economic principles, whole economies, and the interactions between different types of economies helps students comprehend the movement and exchange of. The notion of scarcity and how it relates to opportunity cost For example, eating too many cookies made me sick
Buying too many video games made me poor.
The senior economics/budget project is designed to assist students in considering their financial future The project consists of various “real world” situations/decisions one will be faced with once entering the workforce The student will create a budget that demonstrates what they feel is the best use of their income Many of the activities require the student to research information.
Understand the basic business functions of accounting, statistics, operations management, economics, finance, management and marketing Understand the implications of utility maximization for the behavior and choices of households and how households respond to incentives To graduate with an economics major grade of c or better in all the core classes listed above Credit for seven electives in economics
At least four of these must be “upper level” electives
An overview of basic economic concepts and institutions Modern national income and product accounting, economic fluctuations, money, banking, monetary and fiscal policy, economic stabilization theory and policy, the public sector, theory of economic growth and development, and comparative economic systems This course fulfills the gordon rule requirement. Economics is the study of the production, allocation and distribution of goods and services in a world where resources are scarce
In this course we will explore some basic concepts
