Students will be able to identify and explain economic concepts and theories related to the behavior of economic agents, markets, industry and firm structures, legal institutions, social norms, and government policies.
Students will be able to integrate theoretical knowledge with quantitative and qualitative evidence in order to explain past economic events and to formulate predictions on future ones.
Students will be able to evaluate the consequences of economic activities and institutions for individual and social welfare.
Students will be able to identify the determinants of various macroeconomic aggregates such as output, unemployment, inflation, productivity and the major challenges associated with the measurement of these aggregates.
Students will be able to critically evaluate the benefits/consequences of basic macroeconomic policy options under differing economic conditions within a business cycle.
Prepare students for successful transfer to academic programs in pursuit of bachelors and graduate degrees.