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Intended Learning Outcomes for Students

Communications
Be able to:

1. Speak, read, write, and listen effectively
2. Answer questions extemporaneously and understandably in both oral and written contexts
3. Prepare and deliver information to professionals as well as the general public
4. Use internet communications effectively

Computers
Be able to:

1. Use basic word processing, spreadsheet, database, and presentation software
2. Use a computer to effectively organize and analyze information.

Decision Making/Problem Solving
Be able to:

1. Work effectively in defining and solving economic problems, both in individual and team situations
2. Understand the humane, ethical, legal, and environmental dimensions of complex problems
3. Obtain, summarize, analyze, and interpret research data
4. Define a problem, distinguish verifiable facts from value claims, determine the accuracy of information or statements, identify assumptions, detect bias, and distinguish information that is relevant from that which is not
5. Establish priorities and complete tasks in a timely fashion.

Human Relations
Be able to:

1. Accept and respect the opinions and beliefs of others
2. Demonstrate effective interpersonal skills
3. Understand and have confidence in oneself
4. Understand global/international aspects of human relations.

Disciplinary Actions
Be able to:

1. "Think like economists," i.e., possess skills that prepare them for a wide range of careers in business and government, as well as further graduate or professional education in areas such as the various fields of economics, law, and business.
2. Use logic and chains of deductive reasoning in conjunction with economic models such as supply and demand, marginal analysis, benefit-cost phenomena,
3. Identify tradeoffs in the context of constraints, especially those that are economic in nature,
4. Distinguish positive (what is) from normative (what is believed should be) analysis,
5. Trace the behavioral implications of economic change while abstracting from other aspects of reality, and explore consequences of aggregation (e.g., the fallacy of composition),
6. Describe the re-distributive implications of changes in economic institutions and policies and collect data to evaluate and refine one’s understanding of the economy,
7. Test alternative hypotheses about how individuals and firms make economic choices and how the economic system works
8. Interpret financial statements, calculate profit (or loss) and return on investment, and construct budgets and plans,
9. Understand the process of implementing economic policies and their economic impacts
10. Interpret economic impacts of laws and regulations,
11. Understand different types of market organization and corresponding appropriate competitive strategies,
12. Understand the global interdependence of economics and economic concepts associated with trade.

Career Placement
Be able to:

1. Obtain meaningful, desired employment, both temporary and permanent
2. Successfully pursue advanced study
3. Succeed in one’s chosen profession