Welcome to the Department of EconomicsEconomics is a behavioral science. Emphasis is placed on students developing a broad understanding of how consumers' and producers' behavior is influenced by certain events (changes in interest rates, changes in prices, new government regulations, etc.). While there is, of course, a certain amount of technical training that is standard in the economics programs at most colleges/universities, the overall emphasis has always been on understanding the behavioral implications of economic phenomena. Economists study how and why individuals, as consumers and as managers of private and public sector organizations, make choices about the allocation of scarce resources. Economics majors study how competition in markets leads to efficient production of goods and services, and the consequences of government intervention in private markets. They gain an understanding of effective decision-making by managers of firms and other organizations. Your education in economics thus prepares you for employment in a wide variety of jobs, or, as commonly is the case, serves as an excellent foundation from which to pursue law school or other advanced degree work. Employment ranges from very policy-oriented work with private firms, foundations or trade associations, to technically-oriented work with public sector agencies or private firms. Barry Burkhart, Interim Chair 
CLA is Currently Accepting Applications for Membership in the Student Eminent Society. 
08/16/10 Breakfast with the Dean 9 AM at 09/09/10 CLA Annual Fall Reception 5:00 PM at Jule Collins Smith Museum 09/30/10 AU Faculty Awards Ceremony 5 PM at 11/15/10 Michigan Troupe Performance: "Institutional Change: The Musical" 5:30 PM at A new musical production from the CRLT Players at the University of Michigan exploring practical and positive ideas for creating an inclusive institutional culture. [Read more...] |
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