Florida International University Academic Learning Compact Bachelor of Arts in Economics Economics Mission Statement The major in economics provides the student with an understanding of economic problems and institutions, and with analytic tools to apply this knowledge to contemporary problems. The program is designed for the student desiring a career in business, government, international agencies, or multinational corporations; and for those planning graduate study in economics, business, law, public administration, urban studies, or international relations. Student Learning Outcomes FIU Economics graduates should be able to do the following: Content/Discipline Knowledge 1. Demonstrate proficiency defining, identifying, explaining and using key macroeconomic variables such as output, employment, productivity, real interest rate, money and inflation, exchange rates and the trade balance. 2. Demonstrate proficiency in the use of fiscal and monetary policy to affect key macroeconomic variables in the short-run and long-run. 3. Demonstrate proficiency in macroeconomic theory by identifying and explaining how the behavior of households, firms, government and the foreign sector affect macroeconomic variables 4. Demonstrate proficiency in defining, identifying and using consumer theory to explain the behavior of individuals and households. 5. Demonstrate proficiency in defining, identifying and using production theory to explain the behavior of individual firms and industries. 6. Demonstrate proficiency in defining, identifying, explaining and using statistical methods and economic theory to analyze economic phenomena. Critical Thinking 1. Apply and use quantitative tools to solve classic problems in economics. 2. Demonstrate proficiency in interpreting, analyzing and evaluating data to solve economic problems. 3. Recognize economic factors and their effect on individuals, households, firms, industries, and government. 4. Recommend appropriate economic policies and determine the effect of these on the economy. 5. Evaluate, analyze and compare alternative economic policies using complex criteria. Oral and Written Communication 1. Demonstrate proficiency in collecting, organizing, interpreting, and presenting factual material. 2. Effectively convey complex economic ideas and articulate them in verbal and written form. 3. Produce an economics research paper that identifies, organizes, interprets and evaluates complex economic relationships.
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