Undergraduate training in economics is intended to familiarize students with the discipline of economic thinking, and so equip them for intelligent appraisal of contemporary economic problems. It is also intended to make students aware of the nature of economic science, and of directions in which economic theory is currently moving. The discipline of economic thinking has three related parts: identifying specifically economic problems; developing and applying economic theory to improve our understanding and ability to solve the problems; evaluating the adequacy of our theoretical understanding through the use of data and empirical testing.
Specifically, economic problems arise out of the conflict between the demand for goods and services and a limited supply of resources for satisfying those demands. Courses in Economics expose students both to the wide range of individual and social problems that arise from this conflict and to the distinctive economic approach to their solution. Economic theory provides students with the analytical framework necessary for understanding and solving economic problems. Empirical work provides a basis for improving existing theories and for distinguishing between competing theories. An Undergraduate degree in Economics prepares students for: careers in business and government, graduate training in economics, and professional training in business, law, public administration and other disciplines.
For all questions regarding the Undergraduate Program, please contact:
Phone number: ext 77031
Phone number: ext 22353