Economics (Applied Economics)

Students will be able to use microeconomic theory to understand and explain the determinants of prices, optimal behavior in strategic situations, and welfare effects in markets, and to critique real-world policy. Students will be able to list the subfields of economics and explain the JEL system, describe the contours of economics as a scholarly discipline, and describe in detail one of the two subfields: Economic History / Economic Thought or Econometrics.