Degrees & Certificates

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Program Outcomes

B.B.A. in Economics

There are four student learning outcomes (SLOs) in the BBA – Economics program.

SLO 1:  Maximize objective functions

Graduates of the BBA – Economics program will be able to explain how economic actors (individuals, households, and firms) maximize their various objective functions, given the constraints they face.

SLO 2:  Impacts of market structure and policy choice

Graduates of the BBA – Economics program will be able to evaluate how market structure and policy choices (taxation, regulation) impact the decisions made by maximizing economic agents (individuals, households, and firms).

SLO 3:  Monetary and fiscal policy

Graduates of the BBA – Economics program will be able to analyze how economic theory impacts economic policy and explain how monetary, fiscal and development policy is implemented.

SLO 4:  Short-run versus long-run Analysis

Graduates of the BBA – Economics program will be able to demonstrate the difference between short-run and long-run macroeconomic analysis and how this difference affects macroeconomic policymaking.

Graduate Certificate in Applied Economics

1)      Graduates of the Graduate Certificate in Applied Economics program will be able to analyze consumers’ choices using modern tools of mathematical microeconomics.

2)      Graduates of the Graduate Certificate in Applied Economics program will be able to analyze firms’ profit maximization strategies in a variety of competitive and non-competitive environments using marginal analysis.

3)      Graduates of the Graduate Certificate in Applied Economics program will be able to evaluate the welfare implications of various forms of competition and government policies.

4)      Graduates of the Graduate Certificate in Applied Economics program will be able to use the appropriate theories to explain the progression of an event and the impacts of this event on the economy (from the short-run to the long-run).  This event could be from outside forces or could be a policy initiative.

5)      Graduates of the Graduate Certificate in Applied Economics will show an understanding of the development of modern macroeconomic theory.

M.S. in Applied Economics

1) Graduates of the M.S. in Applied Economics program will be able to analyze the choices made by consumers/firms using modern tools of mathematical microeconomics.

2) Graduates of the M.S. in Applied Economics program will be able to evaluate the welfare implications (including quantifiable impacts on consumer and producer surplus, deadweight loss, and costs and revenues) of imperfectly competitive markets, government intervention, and international trade policies.

3)  Graduates of the M.S. in Applied Economics program will be able to use the appropriate theories to explain the progression of an event and the impacts of this event on the economy (from the short-run to the long-run).  This event could be from outside forces or could be a policy initiative.

4)  Graduates of the M.S. in Applied Economics program will show an understanding of the development of modern economic theory.

5)  Graduates of the M.S. in Applied Economics program will be able to build theoretically sound and technically correct econometric models, use statistical software to obtain the parameter estimates and the degree of uncertainty about them, diagnose and correct possible estimation problems, and correctly and meaningfully interpret estimation results.

Last updated: 3/12/2022