Economics

In today's competitive global economy, understanding the principles that govern the allocation of scarce resources—economics—is becoming more and more essential. Although economics has not traditionally been a part of the liberal arts core, today's international markets, not to mention the impact economic policies have on the lives of all citizens, necessitate instruction in basic economic principles for informed citizenship. Accordingly, we define an economics requirement as a course covering basic economic principles, generally an introductory micro- or macroeconomics course taught by faculty from the economics or business departments.