Economics
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Program Contact Information
260 Central Campus Drive, Gardner Commons, RM 4100
Program Description
An economy is a social system where people engage in the production and distribution of goods and services. How does this happen? Who chooses what will be produced? What are prices and how are they determined? Do free markets improve the quality of life? How do poorer countries accelerate growth? What causes unemployment and inflation? Is there a role for government intervention in an economy? What is the role of money?
Economics explores these sorts of questions. It addresses issues related to decision making with scarce resources, the history, organization, and direction of firms, industries, national, and international economies, and the structure and functions of social and economic institutions. The methods of economic analysis relate to public and private organizations. Economic analysis is widely applied to real world problems. Economics minors learn how to think critically about complex problems and how to analyze quantitative data. Because economic analysis is clear and precise, the major is attractive to job recruiters and graduate school advisors.