The program of Economics

General Objectives

— to develop the student’s capacity to think, write and speak effectively and creatively. — to develop an appreciation of and respect for social, moral, and ethical values as the foundation of one’s relationship to others and one’s responsibilities to the community. — to develop the student’s analytical, decision-making and communication competencies together with those qualities of self reliance, responsibility, integrity and self-awareness which will promote personal achievement and contribution to organizations. — to build breadth of perspective through the general education requirements and provide sufficient specialization to meet basic professional and career requirements. — to provide the student with the necessary requirements for academic and/or career advancement.

Specific Objectives

— To provide students with a foundation in Business in general and Economics in particular; — To empower our students to function as independent minds in professional, community and organizational environments; — To provide our students with knowledge that will prepare them for a successful professional career in economics, business, government and related fields; — To make our students conversant with the analytical, technological, research and communication skills necessary for a successful professional career in economics or related fields; — To equip our students with the solid foundations necessary for successful graduate work in economics or related fields; — To further a values-based approach that emphasizes probity and ethics in economic and business decisions. Learning Outcomes — Demonstrate their ability to communicate effectively in business situations through speaking, writing, and by use of electronic media. — Demonstrate their ability to build teams and work effectively within them. — Demonstrate awareness and capability of analysis of environmental (economic, social, political, legal, and ethical) trends and their impact on individuals and businesses. — Describe the application of manual and computer-based quantitative and qualitative tools and methodologies in identifying and solving problems and making decisions in business situations. — Critically evaluate and apply concepts, techniques, strategies, and theories from any appropriate discipline in business contexts. — Be able to conceptualize a wide range of constrained optimization problems in economics and related fields and will be able to apply formal mathematical analysis to evaluate these problems. — Understand and apply intermediate microeconomic principles including the model of perfect competition, price theory and their neoclassical extensions; graduates will be able to analyze behavior given changes in constraints, prices and costs. — Understand intermediate macroeconomic principles and will be able to apply standard macroeconomic models to the analysis of contemporary public policy issues or problems. — Be able to conduct basic econometric analysis including using data to estimate behavioral models, test hypotheses and measure quantitative relationships; they will have a basic understanding of mathematical statistics that underlies applied econometric analysis. Be prepared to accept productive jobs in consulting, business, finance, management, and related fields.

Employment Opportunities

Economic Consultant, Commercial Banking Industry, Central Bank, Government, Domestic and International Organizations, Teaching, and Other Service Industries.