Faculty: Graduate School of Social Science The Applied Economics major focuses on the practical application of economic theories and principles to address real-world problems. Students develop skills in economic analysis, data interpretation, policy evaluation, and decision-making. Graduates are prepared for careers in government, business, consulting, and research institutions. **Learning Objectives:** - Understand the fundamentals of economics and their applications. - Develop skills in economic analysis, data interpretation, and policy evaluation. - Learn techniques for applying economic principles to business and policy decisions. - Explore principles of microeconomics, macroeconomics, econometrics, and public policy. - Analyze and interpret economic data and trends. - Develop critical thinking, problem-solving, and analytical skills for effective economic practice. **Major Outline:** 1. **Introduction to Economics** - Overview of key concepts and principles in economics. - Fundamentals of microeconomics, macroeconomics, and economic theory. 2. **Microeconomics** - Principles of microeconomics, including consumer theory, production, and market structures. - Techniques for analyzing individual and firm behavior in markets. 3. **Macroeconomics** - Principles of macroeconomics, including national income, fiscal policy, and monetary policy. - Techniques for analyzing aggregate economic behavior and policy impacts. 4. **Econometrics** - Principles of econometrics, including statistical methods, regression analysis, and data interpretation. - Techniques for conducting economic research and analyzing economic data. 5. **Public Policy and Economics** - Principles of public policy and economics, including policy analysis, cost-benefit analysis, and regulatory economics. - Techniques for evaluating and designing effective public policies. 6. **Industrial Organization** - Principles of industrial organization, including market structures, competition, and antitrust policy. - Techniques for analyzing industry behavior and strategic interactions. 7. **International Economics** - Principles of international economics, including trade theory, international finance, and global economic integration. - Techniques for analyzing international trade, finance, and economic policies. 8. **Internship/Practicum** - Real-world experiences in economic settings, including internships in government agencies, consulting firms, or research institutions. - Application of learned skills in practical economic scenarios. 9. **Capstone Project in Applied Economics** - Comprehensive project applying skills in economic analysis, policy evaluation, or data interpretation. - Delivery of a polished economic research project, policy analysis, or data interpretation report. **Assessment Methods:** - Economic analysis reports, microeconomics and macroeconomics studies, econometrics projects, public policy evaluations, industrial organization analyses, international economics projects, internship/practicum reports, capstone projects, group projects, and presentations. **Recommended Textbooks:** - "Applied Economics" by various authors. - "Microeconomics" by various authors. - "Macroeconomics" by various authors. - "Econometrics" by various authors. - "Public Policy and Economics" by various authors. - "Industrial Organization" by various authors. - "International Economics" by various authors. **Prerequisites:** Basic knowledge of economics, mathematics, and statistics, and an interest in economic analysis and policy. **Major Duration:** Typically 4 years for a bachelor's degree, including coursework, internships, and capstone projects. For advanced practice, a Master's degree in Applied Economics may be pursued, which typically takes an additional 1-2 years. **Certification:** Graduates may receive a degree in Applied Economics and pursue further education or professional certifications in specialized areas of economics or policy analysis. **Target Audience:** Aspiring economists, policy analysts, business consultants, researchers, and professionals seeking careers in government agencies, consulting firms, research institutions, and business organizations. This major equips students with the analytical, problem-solving, and policy-making skills needed to excel in applied economics, supporting careers in various economic and policy-related roles and industries.