Economics, BA

Economics is the study of how human communities provide for their material needs and wants. We explore what motivates human action and thus the choices of individuals, firms, and policymakers regarding production, consumption, and allocation of scarce resources and output. Institutions, policy, and historical change in the local and global marketplace impact people’s daily lives and so we also study the choices people make in their historical, social, environmental, and political contexts.

Economics is the study of the principles that govern individual and social choice under conditions of scarcity. Finance is the field that applies economic principles to understanding the flow of funds between savers and investors and the role of money and the payments system in the broader economy.

Modern economic theory seeks to explain the ways in which the market process coordinates production and distribution within the social division of labor. In addition to providing students with a thorough grounding in Microeconomic Theory, Macroeconomic Theory, Monetary Theory, Financial Theory and Quantitative Economics, the Economics and Economics and Finance majors at the University of Dallas also enable students to extend their studies into the more interdisciplinary areas of Economics such as Economic History, Political Economy, Economic Development, Comparative Economic Systems and the History of Economic Thought.

Major in Economics

The curriculum is designed to enable students to acquire a thorough grounding in economic theory. At the University of Dallas, the student will:

• understand the methods and insights of the economic way of thinking
• study classic works in economics
•  learn the economic history of western civilization
• gain a specialized understanding of those aspects of contemporary economics that are of most interest to them.

Suggested sequence for the Bachelor of Arts in Economics