Topics of Study

How a country can use scarce resources to maximize consumer satisfaction.
How a firm's prices and products are determined in a free market system.
The Theory of Consumer Behavior and the Law of Demand.
How business costs are used in a firm's production decisions.
How firms can maximize profits in competitive and imperfectly competitive markets.
Major factors that cause changes in aggregate income, employment and prices.
The role of the Federal Reserve system in determining the money supply and interest rates.
The role of fiscal policy in economic activity.
The interdependence that exists between the United States and global trading partners.
The impact of international trade and capital flows on exchange rates, the balance of payments, and national standards of living.
Study of the principle-agent problem and how contracts may be used to align the interest of both parties.
The economics of government decision-making and analysis of the institutions that emanate from that process.
The economics of sustainable development practices.
The scientific approach to asking an economic question, gathering the relevant data, testing a hypothesis, and explaining the results to less-technically trained parties.

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