Economics

Overview

Macroeconomics deals with the economy as a whole, with the forces behind economic growth, the problems occurring in the growth process (such as business cycles, inflation, and unemployment), and government policies to address these problems.

Microeconomics focuses on the efficient allocation of resources among alternative uses and addresses such questions as how individuals, firms, and societies decide what to produce, how to produce, and how to distribute the output.

Economists study these important issues by combining theoretical models and data analysis.

The great human interest of the subject, together with the rigor of its analysis, gives the study of economics its stimulating quality.The Bachelor in Economics from Mount Holyoke College graduates with the ability to apply these tools in a variety of careers and are well prepared to continue study of economics at the graduate level.

Learning Goals

• has mastered the core body of economic theory, which necessitates solid quantitative, problem solving and critical thinking skills,
• understands how different theoretical approaches in economics lead to different explanations and policy conclusions, 
• understands how economic inquiry differs from other approaches to social inquiry,
• has conducted research on questions of economic theory and policy usually combining theoretical models and data analysis.