Economics Learning Objectives

The field of economics is a fascinating look at what makes the world work from day to day. This includes the study of trading, growth, money, income, depression, prices, and monopoly. Economics is important in the world because it can answer questions such as What causes inflation? and Why are people unemployed? Economics includes the study of labor, land, and investments, of money, income, and production, and of taxes and government expenditures and is one of the fastest growing majors in the country. With the world continually focused on business, it takes economists to help decipher trends and to help make good financial decisions.

The economics major helps prepare you for jobs in business, government, education, and the non-profit sector. Studying economics, you will be able to develop the analytical skills needed to work successfully in the field, including the study of logical analysis. Coursework at Mount Union includes Micro and Macroeconomics, International Economics, Money and Banking, Labor Markets, Health Economics, Cost Benefit Analysis, and Managerial Economcs.

Economics Learning Objectives:

  • Students will demonstrate their knowledge of the fundamental and technical concepts of economics.
  • Students will apply the basic theories of economics in critical thinking and problem solving. 
  • Students will be able to identify and use economics terminologies in oral and written communications.
  • Students will demonstrate an awareness of their role in the global economics environment.
  • Students will be able to make decisions wisely using cost-benefit analysis.
  • Students will demonstrate a sense of responsibility and a capacity for service.
  • Students will demonstrate the ability to recognize when change is appropriate, to adapt to change as it occurs, and to take the lead in creating change as the country’s economics environment changes.
  • Students will demonstrate an ability to examine their personal and professional beliefs and opinions and an understanding of the balance in life between work, play, family, and friends.
  • Students will demonstrate an understanding of their personal interests, abilities, strengths, and weaknesses as they pertain to professional career fields. 
  • Students will demonstrate a basic understanding of career options available to them and will establish career objectives.
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