Economics provides a framework for answering questions which center on issues of production, and distribution. It provides a way for us to understand the implications of many important events reported daily by the news media.
Bachelors in Economics and Administration in Norton in USA. Economics provides a framework for answering questions which center on issues of production, and distribution. It provides a way for us to understand the implications of many important events reported daily by the news media.
In studying economics you will hone your writing and speaking skills; gain experience in problem solving; and learn how to sort through and analyze the welter of confusing data that the complex global economy generates. You will use some of the latest computer technology not only to gather but also to analyze information. You will have the opportunity to study how global economic forces affect your lives and your career options, and how these forces interact with social structures and cultural norms to affect men and women differently. You will gain a valuable perspective to help you learn from your job and internship experiences.
The skills you develop studying economics will prepare you for many different careers from the business world, to government, to finance, to the not-for-profit sector. Studying economics in a liberal arts setting gives you the flexibility necessary to be successful in the uncertain and fast-paced world of tomorrow. It will prepare you to become an active and critical member of society who can contribute to our nation's well-being. The faculty of the Economics Department look forward to working with you to understand some of today's most challenging and important issues.
Should you study Economics?
Certainly, if you are interested in questions like these:
What determines the rate of unemployment, rate of inflation, or rate of growth in a nation's income?
Why do women receive roughly two-thirds of men's wages?
Can anyone consistently beat the stock market?
Does government regulation help or harm the economy?
Why are some nations, and individuals, rich while others are so poor?
The economics major consists of at least 11 semester courses. These include ECON 101 Introduction to Macroeconomics, ECON 102 Introduction to Microeconomics or ECON 112 Microeconomics with BioPharma Applications, MATH 101 Calculus I or another math course subject to departmental approval, MATH 141 Introductory Statistics or MATH 151 Accelerated Statistics, ECON 201 Macroeconomic Theory, ECON 202 Microeconomic Theory and five other economics courses, at least two of which must be at the 300 level and one at the 400 level. Economics courses used to fulfill major requirements may not be taken pass/fail either at Wheaton or elsewhere. An overall average of C in all courses is necessary for completion of the major.
Students have developed double majors and interdepartmental majors in art, development studies, English, history, mathematics, philosophy, political science, psychology, Russian studies, sociology and Hispanic studies. Students with particular interests can design an interdepartmental major with the approval of the departments involved, the dean of academic advising and the provost.
Independent study and honors work are encouraged. Majors who are considering graduate work in economics are strongly encouraged to take an extensive number of mathematics courses. See the department chair to determine the most appropriate choices.
To acquire knowledge of economic concepts, institutions, theories and methods and to demonstrate competency in using this information to analyze economic events and to evaluate economic policies.
To learn to locate and retrieve economic data and information and to critically interpret this information.
To develop and demonstrate economic literacy through discussion and creative synthesis of economics literature, including economic writing that applies and integrates data, uses quantitative tools, employs theoretical models, and develops policy prescriptions.
To refine and demonstrate analytical and critical thinking skills, including logical reasoning and the abilities to apply and interpret quantitative, qualitative, and graphical information in a problem-solving context.
To develop the skills necessary to communicate effectively in writing and orally about economic issues, including learning to formulate and present well-organized economic arguments supported by evidence.
To develop economics research skills.
To gain understanding of economies in a global context.
To acquire knowledge of heterodox approaches to economics and to engage in the study of economics in an interdisciplinary context.
To develop the capacities and habits of life-long learning that will equip students with the flexibility necessary to be successful in the uncertain and fast-paced world of tomorrow as well as to engage actively and critically with the changing economic issues of society.