What are the prerequisites for an undergraduate major in economics?

What are the prerequisites for an undergraduate major in economics?

The undergraduate major in economics begins with a two-semester introductory sequence that explores theoretical and applied topics in microeconomics and macroeconomics. Additional training in microeconomics, macroeconomics, statistics, and econometrics follows.

What are the fundamentals of Economics and management?

FUNDAMENTALS OF ECONOMICS AND MANAGEMENT I 1.33 At a glance : Analysis Elasticity of Demand Price elasticity (e p ) Income elasticity (e y ) e p > 1 (luxury) e p = 1 (comfort) e p 1 (luxury) e y = 1 (comfort) e

What is economics?

According to this definition — • Economics is a science of study of wealth only; • It deals with production, distribution and consumption; • This wealth centered definition deals with the causes behind the creation of wealth, and • It only considers material wealth.

What’s new in undergraduate economics?

New courses are constantly being developed to bring insights from recent research into the undergraduate program. Recent innovations include courses on networks, environmental economics, and empirical financial economics, and the introduction of the first economics MOOC at MITx.

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