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I. Description
Students are admitted into Pre-Business and will apply to Economics major through a competitive and selective process to gain admission. Economics is the study of how scarce resources are allocated amid competing demands. The discipline provides a framework for analyzing and solving the problems that occur from such a scarcity. Business economics deals with topics such as business decision-making, strategic planning, forecasting, business response to government regulations, and international opportunities and competition. Business economists conduct research, develop forecasts and business plans, measure and analyze business conditions, and conduct economic experiments. They apply economics and business methods to manufacturing, finance, banking, law, international investment, trade, and insurance.
II. Learning Objectives
This course provides the quantitative skills and expertise required to:
- synthesize business knowledge, disciplinary concepts, theories, principles and processes
- think critically, constructively and logically about business-related issues, problems and theoretical debates
- communicate clearly and concisely in presenting relevant knowledge and ideas to a range of audiences
- apply business-related knowledge and technical skills to resolve problems and make ethical decisions across a range of institutional, national and global contexts
- use initiative, creativity and judgment to plan and implement professional projects
- work autonomously and collaboratively as part of ongoing learning and professional practice.
III. Learning Outcomes
Students graduated from the program will be expected to have knowledge and practical skills in:
- analyze and solve problems related to management from a holistic, multidisciplinary perspective.
- use effective written and oral communication consistent with the discipline and professional environments.
- apply appropriate information technology to analyze and problem-solve, develop business research, report key data, and recommend management strategies and actions.
- prepare students for employment in a variety of public and private organizations.
- apply economic analysis to evaluate everyday decisions and policy proposals.
- propose viable solutions to practical problems in economics.
- use empirical evidence to support an economic argument.
- conduct statistical analyses of data, and interpret statistical results.
- communicate effectively in written, spoken and graphical form about economic issues.
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