Exhibit familiarity with economic terminology, institutions, and models
Identify and evaluate important determinants of economic change including: technological, political, environmental, social/cultural drivers, and forces of globalization
Critically evaluate economic policy at the micro and macro levels using appropriate and basic models (e.g. market supply and demand, and aggregate supply and demand)
Analyze market outcomes with an interdisciplinary focus on issues of market failure, local and global environmental issues, and the role of government intervention in making optimal allocation decisions
Demonstrate familiarity with the methodology of economic research, including an understanding of theory, empirical methods, and application