Economics Department


As a subject committed to the improvement of the human condition, economics (the "Science of Scarcity") is the study of how resources are used to satisfy human wants.

Because economics blends quantitative analysis characteristic of physical sciences with the more qualitative methods associated with the social sciences, students of economics develop a unique reasoning ability that provides a vital perspective on social issues.

Our students bring their valued skills to business, government and community endeavors, and so provide service and vision in the pursuit of our shared interests.

Student Learning Outcomes (SLOs) for Principles of Macroeconomics:

After successfully completing this course, it is expected that a student is able to

  • Demonstrate an understanding of economic scarcity, and its role in the invention of economics as a science.
  • Demonstrate a basic understanding of the workings of the US Economy and its institutions in a Global Context.
  • Critique existing economic theories about Business Cycles in Light of historical and current economic perspectives
  • Evaluate fiscal and monetary policy responses to macroeconomic instabilities such as unemployment, inflation and economic growth.
  • Student Learning Outcomes (SLOs) for Principles of Microeconomics:

     After successfully completing this course, it is expected that a student is able to

    • Evaluate whether market efficiency exists using the model of supply and demand.
    • Students will demonstrate the knowledge about how markets work and what happens in the presence of market imperfections.
    • Apply the tools of 'Economic Analysis' to understand human interaction and social issues and business strategic decision making.
    • Develop a critical way of thinking to make optimal decisions in everyday life using marginal benefit, marginal cost concepts.







Contact: Ravjeet Singh
Office: F-21M
Phone: (408) 864-8558



Last Updated: 3/8/13