College Catalog
Economics (ECON)

Economics is the social science that is concerned with human thought and actions that are directed toward solving the problems of using resources to provide for individual and community well-being or prosperity. It studies those aspects of human behavior that arise from the existence of scarcity, from the making of rational choices, and from attempts to maximize benefits that have been called "utility" by economists. Formal economics deals with the evaluation of ends and goals, with the allocation of limited resources or means to achieve those goals, and with the making of decisions. Substantive economics concentrates on the ideologies, customs, institutions and organizations which enable human beings to earn a living, with the ways a society produces and distributes goods and services, and with the commercial, financial and governmental practices that enable societies to exist.

Economics is an essential component of a liberal or general education, because the economy is one of the most important aspects of human social and cultural life, because the economy affects all of us, and because all educated persons should understand how it works. Economics is often called the science of rational behavior; and it emphasizes formal, systematic, and analytical thinking. The study of economics furthers our intellectual and personal growth, because a mature understanding of how economic systems work and how rational decisions are made enables us to be more effective participants in economic, political and social life. There is also a moral dimension to the study of economics. Ethical judgments and moral standards are implicit in the evaluation of ends or goals, the making of choices and decisions, the allocation of resources needed to sustain life and achieve goals, the division of labor and rewards in society, and the definition of "utility" (or "good") itself. Economic practices and concepts cannot and should not be separated from religious and cultural values. The recognition of this reality promotes our personal and moral development.

Graduate School Advisor: Dr. Marc von der Ruhr
A major in economics prepares students for graduate study and research in economics and related fields; for graduate professional study in business, law, public administration, and other professions; for almost any career in business, labor, or government; and for effective citizenship in a complex society.

2007-2008 Economics Program Requirements

2005-2007 Economics Program Requirements

2003-2005 Economics Program Requirements

2001-2003 Economics Program Requirements

Economics Course Descriptions

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