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Department of Political Economy

 

Overview

Political Science Program

Political Science is the study of the way power is distributed and conflict is resolved within a society, whether global or local.  Political Science courses are specifically designed to introduce students to the complex structures and processes of human interaction that affect our daily lives.  Political Science students may learn about the institutions and processes of American government and the principles underlying them.   Political Science students also may study the way nation-states act with one another on the world stage or compare and contrast the politics of these nations. In this way, Political Science students become better prepared to analyze current political events and issues.

Economics Program

Economics is the study of how a society chooses to use its limited resources to produce, exchange, and consume goods and services. The study is divided into two broad areas-- macroeconomics and microeconomics. Macroeconomics deals with broad, economy-wide issues such as economic growth, inflation, unemployment, and depression. Microeconomics focuses on choices and behavior of individual participants in the economy--producers, consumers, workers, employers, households, and non-profits. Issues such as the proper role of government, economic efficiency, allocative efficiency, externalities, monopoly power, and inequality in the distribution of income and wealth are addressed in microeconomics.

 

"The ideas of economists and political philosophers are more powerful than is commonly understood. Indeed, the world is ruled by little else."

- John Maynard Keynes, 1936

 

 

 

 

 

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