Economics begins by building models of behavior, testing the models against empirical evidence, and modifying or extending them when they fail. The models that survive are used to understand economic events, to make predictions about the future, and to guide economic policy makers.

Training in economics provides a solid background for many different career paths — from employment immediately after graduation to postgraduate study. It is particularly appropriate for those with interests in business, finance, law, or public policy. 

The Department of Economics is made up of teacher-scholars with Ph.D. degrees from leading graduate institutions. As reflected in the list of faculty members, the teaching and research interests of the faculty cover a wide variety of subject areas.