Department of Economics
Economics is the study of how scarce resources are mobilized to meet the economic goals of individuals, businesses, organizations, governments and societies. The study of Economics is typically divided into two parts: macroeconomics (or aggregate economic analysis) studies economics from a broad-based perspective, including problems and issues such as unemployment,inflation and economic growth; microeconomics studies economics in terms of individual components, including problems and issues such as product pricing, competition, regulation and international trade.
Students of Economics can expect to become familiar with key economic concepts and laws which give them an analytical perspective that is unique to this discipline, but is of great importance to individuals and to society.
All programs in Economics include the necessary undergraduate economics courses for students who intend to pursue graduate level study. In addition, the major in Business Economics and the major in Economics offer a quantitative track which is recommended for students preparing for graduate study in Economics or Actuarial Science.
The mission of the Economics Faculty falls into several important and interdependent areas. The faculty offers a curriculum that reflects the current state of knowledge and skills used by professional economists and that fosters an understanding of the workings of modern economies, whether at regional, national or international levels.
The Economics Faculty carries out research objectives, consistent with those reported by the University and the College of Business and Public Administration, by completing research leading to publication in professional journals and other research outlets; and, as needed, by providing service-related and contracted research to the city, region and state.
The Economics Faculty provides services to the college, university, community, region, the state and professional organizations. This includes: committee service, provision of appropriate expertise in matters relevant to the economics profession; memberships in civic organizations; memberships in professional organizations as well as other relevant service related activities.