The Department of Finance and Economics is responsible for the areas of corporate and managerial finance, macroeconomics, and microeconomics. Applying economics as a decision-making tool to important individual, institutional, and societal issues, the finance and economics faculty have special expertise in financial markets as well as financial and economic managerial issues. The Program Economics is the study of human behavior in the production, exchange, and consumption of material goods and services. In a world characterized by scarcity, people must make choices.
Economists study decision-making in the context of scarcity.
Economics as a field can be divided into two areas, microeconomics and macroeconomics. Microeconomics is the study of consumer behavior, managerial decision-making and public policy. Macroeconomics studies broad issues that are national and international in scope, including monetary and fiscal policy and the impacts of trade and capital flows on employment, growth and inflation. How a country can utilize scarce resources to maximize consumer satisfaction. How a firm's prices and products are determined in a free market system.