Objectives of the BS in Economics

College of Business  

Bachelor of Science in Economics

Department of Economics
3002 Business Administration Building, 419-372-2646

Objectives of the BS in Economics

The study of economics involves an analytical look at how scarce resources are allocated to various areas of production. It emphasizes the importance of making choices between desirable alternatives. The study of economics provides tools to make these choices in such areas as employment, economic growth, price stability, and trade. The bachelor of science in economics is especially suited for students who wish to combine a major in economics with concentrated study in other disciplines. The B.S. in economics requires three more economics courses than the economics specialization in the bachelor of science in business administration (BSBA), but the B.S. in economics permits students to choose their own cognate field of study (15 hours). Students can expand the number of hours in the cognate field to achieve a second major in such areas as sociology, political science, history, mathematics, or psychology. Students may also combine a major in economics with business fields such as accounting, finance, legal studies, marketing, or management. This program provides students with a meaningful educational experience that is suitable for employment in a wide variety of occupations in business or government, and for continued study in graduate schools in economics, business, law, and other fields.

Learning Outcomes

Upon completion of the bachelor of science in economics, students are expected to demonstrate:

• a command of basic characteristics of the American and global economy by using this knowledge to critically evaluate economic outcomes;
• a command of basic economic theory by using this theory to make predictions and to analyze alternative economic policy options;
• the ability to communicate in both oral and written forms by presenting arguments and evidence clearly and concisely;
• the ability to engage in and understand moral reasoning with respect to economic issues by recognizing the implicit value conflicts present in all economic policy debates;
• the ability to engage in problem solving using basic economic theory;
• the ability to engage in critical thinking as a part of the analysis of economic problems;