Economics Department

Student Learning Outcomes

Students graduating from the economics program will be able to:

  1. Apply economic theory and the economic perspective to explain the functioning of the economy
    1. Explain the fundamentals of the economic perspective
    2. Explain key economic concepts and models (Demand and Supply, utility maximization, profit maximization, cost minimization models, aggregate demand-aggregate supply….)
    3. Explain key economic indicators (Gross Domestic Product, Unemployment, Inflation, Interest rates…..)
    4. Apply the economics perspective and models to solve everyday problems
    5. Discuss the effectiveness of monetary, fiscal and other government policy on market outcomes
  1. Collect, process, and interpret data, including statistical inference to understand real-world problems
    1. Recognize how to use the scientific method in economics.
    2. Discuss the data collection process
    3. Organize and present data
    4. Formulate hypotheses
    5. Construct data set of economic variables
    6. Conduct regression and correlation analysis
    7. Draw conclusions and recommendations for business solutions.
    8. Use various statistical and data analytics software (Excel, SPSS, Tableau ….)
  1. Apply quantitative reasoning in business and economic policy decision-making
    1. Perform economic analysis using graphs
    2. Perform economic analysis Use mathematical equations to
    3. Build and solve mathematical models of business or economic problems
    4. Apply optimization techniques in business and economic policy decision making
    5. Describe how economic trade-offs and social values impact public/private social policy, and the success or failure of policies to achieve intended outcomes