Upon completion of the Economics major, students will be able to:
- Apply the formal methods used by statisticians to analyze data to learn about the real world
- Use basic economic methods to quantify uncertainty with confidence intervals; use regression to infer causal relationships; and use regressions for prediction
- Critically interpret empirical studies
- Set up, solve, and analyze optimization models
- Apply optimization models to consumer, producer, and market theories
- Use game theory to analyze the strategic behavior of individuals and firms
- Build macroeconomic models
- Apply macroeconomic models to understand current issues
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