Why Economics?

Economics is the study of the ways in which individuals, households, companies, industries, governments, and nations allocate scarce resources among alternative uses and the resulting consequences of these decisions.

The choices and the consequences are evaluated in terms of performance criteria such as efficiency, stability, and economic growth. The understanding and the objective evaluation of these choices and their consequences allow us to explore alternative forms of private and public organizations and their economic decisions that may further improve the long-run performance of those organizations and institutions.

The Economics faculty and programs are part of the Department of Finance and Economics.