Economics

Understand how people provide for their economic needs through markets, households/families, and the government.

Understand how markets work, the circumstances under which they fail, and the role of government regulation of markets.

Think in terms of abstractions or models, including graphical and mathematical models.

Apply economic models to real world situations.

Evaluate the strengths and weakness of economic models.

Predict the effects of alternative economic policies.

Interpret economic data including measurement of inflation, unemployment, labor market participation, poverty, rates of interest and of profit, and productivity.

Understand the interaction of national economies through trade, migration, and financial relationships.

Law & Economics Emphasis: Demonstrate effective writing for legal memoranda and related legal writing forms.

Law & Economics Emphasis: Demonstrate basic literacy in legal black letter law, legal principles and economic methods that are applied to law.