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.

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.