Every adult member of society engages in economic transactions. Economics is the study of the market mechanisms behind these transactions. In the Department of Economics, we train a future workforce capable of understanding and analyzing various aspects of the economy, including the theory and practical study of market economics, public welfare policies, advanced finance systems, complex corporations and other organizations engaged in the exchange of information, the realities of the economic system as determined by laws and regulations, the problems of a globalized economy, and the economic changes that have occurred across time and place.
In their first year, students build a strong foundation through small classes such as Introduction to Economics Preparatory Seminar, Economic Information Processing, and Practical English Communication, where they develop an overall awareness of economic issues. In subsequent years, they focus on topics in line with their interests through one of three specialized programs.
In experimental economics classes, students gain a strong sense of real-world economics by playing games modeled on actual economic interactions and tactical situations. In behavioral economics classes, they study theories of human behavior that weave psychology into economics. By understanding the ways in which humans are influenced by psychological factors, students come to realize the irrationality of their own actions and those of people around them.
The Department offers many opportunities for students to engage in fieldwork on a chosen theme. Starting in their second year, students take two-week research trips to sites in the United States, Australia, China, and elsewhere, where they conduct studies of universities, corporations, farming communities, and other research subjects, or observe the local society and economy through market research. Students play a central role in all stages of fieldwork, from research to writing up reports.
The Faculty offers free courses to help students prepare for bookkeeping and financial-planner certification tests, which form the basis for later certification as a CPA or tax accountant.
Community Participation Classes are a unique initiative of the Department of Economics that give students credit for volunteer activities.
In addition to general education classes, students boost their data processing and analysis skills through classes in computer science, statistics, and math, and gain communication skills through language classes. The Department’s introductory classes cover the basics of logic, reasoning, analysis, foreign language, and economics.
Students choose from one of three specialized programs as they begin to plan their careers.
Students take advanced class in the field they have chosen. Starting in their third year, they engage in in-depth research on a chosen topic through small group seminars, then write and present their graduation thesis.