Economics is the study of the distribution of scarce resources. As such, it also involves the study of the production and consumption of goods and services, as well as the choices that producers, distributors, and consumers make. It divides into microeconomics, which studies the choices and incentives of agents and markets, and macroeconomics, which studies the growth, inflation, and public policies of entire economies. The aims of economics are many and depend upon the particular subfield, but the unifying theme is to apply economic analysis to better understand and predict social behavior in light of scarce resources. Such analysis is being applied to history, crime, education, war, science, and many other topics.
Duration: Three to four years (full-time study); six to eight years (part-time study)
Entry Requirements: Undergraduate degree or equivalent general education
The core topics introduce the field of economics and give students the skills and understanding to choose and pursue their interests in the specialized topics. The Director of Studies will make adaptations based on student ability and schedule. On completing the core, students will be able to independently read the historical and academic literature. The core topics are:
Specializations should be discussed with the Director of Studies. On completing specializations, students will be able to independently read advanced literature and conduct a final project in that topic. Some suggested specializations are:
The final project in economics consists in one or more papers written on an area of specialization. The paper should take the form of a dissertation elaborating an original argument, interpretation, or perspective. All final projects should be discussed with the Director of Studies, who will assist in choosing an appropriate focus and method. Advanced students may be advised to submit their paper for publication in an appropriate academic journal.