Meadville, USA
DURATION
4 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Request earliest startdate
STUDY FORMAT
On-Campus
Key Summary
Introduction
Economics is a social science that studies how people respond to incentives in making choices and how those choices affect outcomes at both the micro and macro scale. A microeconomist studies how a firm or a family chooses to finance a home or new piece of equipment purchase. A macroeconomist studies how a change in interest rates affects economic growth, unemployment, or the balance of trade.
Economics at a glance
- 93 % of students are employed within eight months of graduation.
A dual approach
- Theory. Economics has come to include a core of the widely accepted general theory, techniques for using data to test hypotheses and draw inferences, and skills that are often refined by experience in the application of theory to particular problems.
- Practice. Economists apply those theories and techniques to topics often associated with the field, like banking and finance, but the range of topics studied by economists is very broad, including sports, the environment, health, crime, discrimination, and business.
Curriculum
The Economics curriculum includes a core of general theory and techniques for testing hypotheses and drawing inferences. These theories and techniques are refined by their application to concrete cases in a wide offering of elective courses and co-curricular activities.
Year 1
Students take Introduction to Microeconomics and Macroeconomics and Calculus.
Year 2
Students take courses in statistics and electives in various fields of economics: finance, banking, environmental economics/policy, poverty and inequality, law and economics, international economics, economic development, healthcare policy, and more.
Year 3
Students take advanced elective courses in various fields of economics: finance, international trade, international business, public finance, contracts and organization, and more.
Year 4
Students take the Senior Seminar, complete the Senior Project, and participate in experiential learning opportunities, including internships.
Program Outcome
Students who successfully complete an Economics major are able to:
- Explain the basic elements of economic models.
- Identify important economic actors, organizations, and institutions and describe their role and impact.
- Understand and interpret statistical measures and techniques.
- Use the spoken and written word, graphs, and mathematics to present economic phenomena and arguments.
- Evaluate multiple economic arguments and multiple sources of evidence.
- Propose and model economic hypotheses.
- Collect relevant data for use in qualitative and quantitative research methods.
- Evaluate economic arguments and policy proposals using empirical methods.