Chair: John Miko
The Economics program educates students to participate in the decision-making process of allocating scarce resources and prepares them to function as informed and responsible citizens in a free market economy. Specifically, the program is designed for students who seek careers in the financial services industry, such as investment and commercial banking, the federal government, consulting and/or wish to pursue graduate study in economics or business. In the macroeconomic dimension, students learn the basic forces underlying the economic organization of society, the theory of national income, aggregate supply and demand, unemployment, inflation, taxation, money and banking, and governmental fiscal policy. In the microeconomic realm, students learn the theory of price under various market conditions, economic functions of government, the theory of the firm, and elements of international economics. As a requirement for graduation students are expected to complete an independent research project.
The Entrepreneurship Concentration is designed to inform, inspire, and empower students to engage in entrepreneurial thinking and related activities. Such activities range from using critical thinking, creativity, and problem solving as a future employee within an existing enterprise as an intrapreneur; to solving broader social and economic problems deploying entrepreneurial thinking in communities through Social Entrepreneurship; and to being an active participant in the creation of a business start-up. Entrepreneurship effectively blends theory with practice to create a meaningful and relevant value proposition, taking into account both risk and return, that integrates a number of different academic perspectives such as economics, philosophy, law, finance, politics, and marketing together.
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