College of Arts and Sciences
Department of Economics
Degree: B.A., B.S. in Economics
The outcomes assessment criteria for the B.A. in Economics specify six outcomes:
- Identify and interpret measures of economic activity.
- Analyze the determination of prices and output in competitive and noncompetitive market structures.
- Apply the concept of "opportunity cost," e.g. to identify patterns of specialization according to the principles of comparative advantage.
- Use graphical methods to analyze the effects of fiscal and monetary policies on the price level, GDP, interest rates and exchange rates in macroeconomic models.
- Use algebra to analyze the effects of fiscal and monetary policies on the price level, GDP and interest rates in macroeconomic models.
- Use marginal utility theory and indifference curve graphs to analyze consumer choice.
The outcomes assessment criteria for the B.S. in Economics include the above six outcomes and add two more:
- Demonstrate knowledge of statistical and econometric techniques for estimation and hypothesis testing.
- Competitively qualified for admittance to graduate programs in Economics.