Economics is a social science that examines the decision-making process regarding the use of scarce resources such as land, raw materials, labor, machinery, physical structures, etc. At SIUE, students choosing to major in economics will pursue a core program of courses designed to provide a thorough grounding in economic theory. This core program of study is followed by more specialized study in such areas as money and banking, labor and industrial relations, international economics, public finance, industrial organization, and antitrust policy. Our economics students also receive strong training in data analysis, and most upper-level courses involve a project in which students solidify their economics knowledge and research skills. Students develop their programs with the counsel of a faculty advisor.
Students pursuing economics at SIUE will complete a course of study designed to lay a foundation in both microeconomics and macroeconomics. Supply and demand, pricing, and the tools utilized to predict the effects of government interventions and regulations on the markets are only a few of the questions that can be answered through the study of microeconomics. The examination of the national economy, including economic growth, unemployment, and factors that affect inflation, fall under the area of macroeconomics. Also included in the study of macroeconomics are domestic factors, such as monetary and fiscal policies, as well as international factors, such as trade and exchange rates.
| Listening | Reading | Writing | Speaking | Overall |
|---|---|---|---|---|
| 5.5 | 5.5 | 5.5 | 5.5 | 6 |
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