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Economics as a discipline is concerned with the principles underlying the production and exchange of products and services.
The study of economics stems from the scarcity of resources and the limitless nature of our demands for products and services. Societies must therefore choose the goods and services that will be produced from among the larger range of production possibilities. Economics develops the principles and concepts that follow from this fact of scarcity and applies them to the analysis of various aspects of human activity.
The course work designed for an economics major emphasizes logical thought, problem-solving skills, observation, analysis, inference form data and communication competences. It consists of six required courses and six additional upper level economics courses.
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Eighteen credit hours are needed for a minor in Economics. All minors must take Economics I and II. Four additional economics electives are required, two of which must be at the 300 or 400 level.
Within this general framework, a wide variety of options is open to students who minor in economics. Courses can be taken to emphasize a particular area such as international, quantitative or environmental economics, or a series of courses can be chosen from different areas to strengthen or complement the student’s major discipline. Some of these courses are required in many MBA programs, and some schools waive them if they have been taken at the undergraduate level.
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