Economists are interested in the choices people make when they shop, when they choose jobs, and when they vote as well as the choices made in State Capitols, at the Federal Reserve, and on Wall Street. For example, understanding the sources of economic growth, differences in income across countries, the rate of inflation, and the appropriate policy responses to recessions are fundamental issues in macroeconomics, which is the study of the performance of an economy as a whole.
Microeconomists study households, firms, and markets. For example, why has the price of energy fallen relative to other prices, why do housing prices vary across locations, why do similar people earn such different pay, and why do firms produce and price things the way they do?
Economists participate in debates about policy toward climate change, international trade, taxes, healthcare, immigration, and crime. At a deeper level, the fundamental institutions that support economic activity are important as well. Such institutions—legal principles and laws, social norms, even families and communities—facilitate market and non-market transactions, investment in human and physical capital, innovation and technological change, and social and geographic mobility. This leads to questions about the role of government in regulating, taxing, subsidizing, or otherwise affecting markets and related institutions.
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Minimum required score:
The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120.
Minimum required score:
The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.Get a free IELTS practice test
You may apply using either the Common Application or the Universal College Application. Select one application method and submit all materials through that method; do not submit both. All parts of the application should be submitted by the published deadlines.
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
We make three important commitments to U.S. Citizens and eligible non-citizens to ensure that students from many different economic circumstances can enroll at Vanderbilt:
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