Economics

Intended learning outcomes

On successful completion of this major, students will be able to:

• Describe and explain the fundamental principles underpinning the functioning of markets
• Explain and critically analyse factors that determine economic decision making in households, firms and government
• Evaluate the impact of economic policy
• Identify issues and apply knowledge of theory to analyse real and hypothetical economic problems and suggest potential solutions
• Employ a range of tools of analysis pertinent to the evaluation of evidence in economic policy and behaviour, including statistical reasoning, and the use of econometric and/or mathematical computer software
• Understand the core methodological tools for working with economic data and be able to interpret and apply basic statistical and econometric methods and understand empirical papers of an appropriate level
• Interpret and critically evaluate articles in the economics literature
• Demonstrate appropriate communication skills for a professional environment