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- STUDENT LIFE
The primary objective of the economics major is to provide undergraduate liberal arts students with a rigorous, in-depth, broad, and critical program in theoretical and empirical economics. Our curriculum will provide a solid grounding in neoclassical theory, statistical and econometric methods, and their applications in the various fields of economics. This training at AUW will help students think critically about the economic issues they confront in their everyday lives. It will foster the development of necessary skills that enable our diverse student body to actively engage in a gamut of policy issues in local, national, and global communities; and compare and contrast alternative methodologies in assessing the broader social and political consequences of various economic doctrines.
The core program goal is to ensure our students possess a basic knowledge of microeconomics concepts such as supply and demand, consumer decision making, elasticity, costs, market structure, and labor markets; and a basic knowledge of macroeconomics concepts including national income accounting, inflation, unemployment, and monetary and fiscal policy.
Other important learning goals: