Students beginning economics often wonder what the subject involves and which courses to take.
Economics gives students an understanding of how individuals and the societies they live in provide for material needs and wants. Within this general framework, the subject addresses a broad variety of issues including employment, inflation, growth and development, technological change, international trade, money and banking, poverty, the environment, and the role of markets and governments in economic processes. Students in economics examine both the ideas which have been developed to analyze these issues as well as the actual outcomes, policies, institutions and histories concerned.
There are four options for beginning students. The bulk of students in Economics begin with introductory courses in macroeconomics (EC11) and microeconomics (EC12), which are open to all UVM students. These courses fulfill the distribution requirements for Social Sciences, as do all Economics courses. They are also required for a minor or major in Economics, as well as for various programs (and cross-college minors) outside of Arts and Sciences such as Business Administration. The required sequence is to take EC 11 first and EC 12 second. Methods of evaluation vary by instructor, and range from two to three multiple-choice exams to a combination of exams and with worked-out problems and short essays along with papers and/or reports. Read here for additional information.
Last modified September 11 2014 04:01 PM