Weber State University
   

Economics

Mission Statement 

The Department of Economics is made up of a community of scholars who are committed to providing students the opportunity to gain both theoretical and practical knowledge to analyze problems, think strategically, and lead effectively. Students are given the opportunity to develop the skills of decision making, creativity, and independent scholarship.

The following goals are integral in fulfilling our mission:

  1. Every student will have access to an intellectually and culturally diverse faculty who are able to aid the student in understanding the global economy. Each student will have the opportunity to be exposed to a myriad of perspectives which enable the student to effectively analyze a variety of business, social, and political situations.
  2. Our students will be numerically literate, and possess strong written and oral communication skills. Every student will have prepared papers which combine numerical data with the written word. All students will have the ability to orally present their ideas and to effectively listen and glean information from the presentations of others.
  3. Economics’ students will be able to use statistical data to help solve a variety of analytical problems. Each student will have experience using the computer to analyze statistical data. Graduates will be able to make statistical projections regarding economic, financial, and demographic data; and be able to critically evaluate reports containing the statistical analysis of data. Students will be able to conduct hypothesis tests and be able to interpret linear a regression model.
  4. Every student will be able to use the concept of supply and demand to analyze the current economic issues of the day. Each student will be able to apply the economic principles of decision making to personal, social, and business situations. Students will have the capability to understand the impact of international macroeconomic phenomena on the national economy. Students will be able to understand and apply the concepts of elasticity, public goods, and comparative advantage. Students will be able to understand theories on the root causes of unemployment, inflation, and economic growth.
  5. Graduates from the Department of Economics will have an education reflecting both depth and breadth. This will put graduates in the unique position to lead organizations comprised of individuals with varied skills, knowledge and backgrounds. Our students will be able to creatively apply the theoretical principles of economics to the functional areas of business, government, and society.
  6. Every faculty member will fulfill the role of a teaching scholar. Excellence in teaching is not possible without a faculty actively involved in instructional improvement, advancement of theory and practice through research, publication, and professional development, and professional involvement with the community.

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