Economics

If you are majoring in business and accounting, social sciences comprehensive, education, or computer science, economics classes can play a vital role in your course of study.

What Is Economics?

In economics, you will apply mathematics and statistics but also psychology, political science, sociology, and geography.  You will use history to develop and test theories by examination of the experience of past societies.

Economists study social problems related to the production, distribution, and use of goods and services. They examine behavior within evolving and adaptive institutions such as:

  • Markets
  • Business firms
  • Governmental agencies 

These social problems typically are very complex, and do not have any easy, simple solutions that can command universal acceptance.

Some of these problems primarily pertain to parts of the economy such as industries and markets; this is microeconomics.  Those studying this branch of economics are concerned with household and industrial behavior, the effects of different systems of taxation, and the public regulation of industries.

In contrast, macroeconomics is concerned with problems such as unemployment and inflation that affect entire economic systems.

Why Study Economics?

The aim of both types of inquiry is to deepen understanding of the origins, incidence, and consequences of social problems. To deal with these problems, economists study and inform policymakers about the dilemmas encountered in trying to deal with them.

This work is done by the careful construction of theoretical models, and their empirical testing using economic data.

At this time, the University of Wisconsin-Platteville does not offer either a major or minor in economics.

Courses

  • ECONOMIC 2130 Principles of Macroeconomics
  • ECONOMIC 2230 Principles of Microeconomics
  • ECONOMIC 2410 Economic and Business Statistics
  • ECONOMIC 2940 The Political Economy of Race, Gender, and Ethnicity
  • ECONOMIC 3850 Public Finance
  • ECONOMIC 4940 Special Problems
  • ECONOMIC 4990 Internship