Department of Economics
Economics Department
The UMA Economics Department has for less than a decade tried to use scholarship to fight the Iran's most pressing economic problems. Our members - faculty and students - work on basic economic theory, economic growth, inflation, unemployment and econometric methods, recessions and industrial problems, financial and stock market crashes and economic dysfunction. Nothing should limit the economist's imagination.
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else.
John Maynard Keynes
Our Programs
The Economics Department requires all students to take courses in introductory and intermediate economic theory in order to have a strong grasp on fundamental economic principles. These key principles rely on mathematical models; thus, all concentrators are required to have a basic preparation in calculus. The Department also requires concentrators to gain the necessary statistical skills to use data from the real world to test economic theories. Putting all of these skills together, the Department’s required Sophomore Tutorial helps students apply their knowledge of economic theory, mathematics, and statistics in a course on learning how to read and understand economics research and how to carry out research of their own. The remainder of the course requirements for an undergraduate degree in economics serves to expose students to various applications of economics tools and theories. Concentrators also have the option to pursue honors in economics with a thesis.
Graduate Programs
While there are separate tracks toward the M.A in the two fields of planning and development economics and energy economics, both esteemed graduate degree programs focus on applied and policy-related economics. Emphasizing a strong foundation of theory, statistical and econometric methods, students develop advanced understanding of market functions and hone analytical skills that are in high demand across a wide range of fields.
Undergraduate Programs
Under the guidance of distinguished faculty, students develop the quantitative skills to think critically about the relationships between resources, incentives and behaviors that inform the decision-making process. Along with one-on-one advising and a breadth of opportunities to learn outside of the classroom, economics majors graduate with a portfolio of methods, problem-solving. techniques and practical experience that is highly valued by employers.