• Among the topics studied in economics are: the determination of prices and quantities in various types of markets (from perfectly competitive commodity markets to highly regulated utility markets and internet auctions); the effects of taxes, subsidies, and regulations; the determination of aggregate economic activity (e.g., GDP, unemployment); inflation, monetary policy, and financial intermediation; economic growth and income distribution; international trade and international finance (e.g., exchange rates).
  • Economics is an important component of the liberal arts curriculum and provides a useful background for students planning to enter any profession. A major in economics gives training in economic principles and in the application of economic modeling techniques to understanding a variety of economic and social phenomena.