​Students will be able to:

  • Define economic concepts needed to analyze issues in the popular press.
  • Identify the function of key economic institutions, such as the Federal Reserve System.
  • Apply the supply and demand framework to analyze the impact of exogenous changes on price and output of goods and services.
  • Differentiate the pricing and output decisions of firms operating under varying conditions of competition.
  • Design and construct a basic macroeconomic model and apply it to illustrate the concept of macroeconomic equilibrium.
  • Assess the potential impact of government interventions on individuals, markets and/or the macroeconomy.
  • Gain exposure to the application of economic concepts/models in a variety of fields within economics (e.g., Labor Economics, Health Economics, Urban Economics, International Economics, Development Economics, History of Economic Thought, Financial Economics, etc).