Economics
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"Economics is the study of mankind in the ordinary business of life."
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"Economics has as its purpose firstly to acquire knowledge for its own sake, and secondly to throw light on practical issues. But though we are bound, before entering on any study, to consider carefully what are its uses, we should not plan out our work with direct reference to them."
"The theory of economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions”
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"Rates of growth of real per capita GDP are diverse, even over sustained periods. ... Is there some action a government of India can take that would lead the Indian economy to grow like Indonesia's? If so, what exactly?
The consequences for human welfare involved in questions like this are simply staggering: Once one starts to think about them, it is hard to think about anything else."
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A Catholic University should "train truly Christian leaders in the different spheres of human activity, and in society, especially in politics, economics, science, art and philosophical reflection."
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Featured graduates
| José David Urquilla, '05 "I want to thank you again for your great and rigorous teaching. Please do not let it get easy. We need good Catholics in this world which is so competitive. The teaching I received was the only thing that kept me up to the standard of the rest of the Fellows [at my Washington, D.C., internship], who all came from prestigious institutions" José has worked at the US Senate and is studying for his second Master's degree. |
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| John Wehrly, '07 "The semester following my graduation from Ave Maria I entered law school, on a full tuition scholarship, at the University of St. Thomas School of Law, Minneapolis, MN. I was also accepted at the University of Notre Dame Law School, with a Fellowship. While law school has been demanding, I can say without hesitation that economics at Ave Maria University was much more challenging. Being an economics major at Ave Maria prepared me extremely well for the study of law. This summer I will be either working in Washington, D.C., or as an intern with the Blackstone Fellowship, or as a research assistant to one of my law professors." |
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Shannon Killian, '08 "I am very appreciative for the education I received from AMU. The challenge and high standards of each class made me mature in a way no other school probably could have. I feel as if I can "tackle" any class now, after experiencing AMU! :) I am so happy that I chose to major in Economics-- it was very interesting to me and so challenging! Without such a challenge, I would not have worked as hard for my Bachelor's nor graduated with such a feeling of accomplishment."
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featured course -
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ECON 230, Statistics for the Social Sciences, is a self-contained introduction to statistics with economic applications. It includes elements of probability theory, sampling theory, statistical estimation, hypothesis testing, and much attention to regression analysis. The course emphasizes the application of statistical tools to economic data, with hands-on experience with statistical packages, and a major project designed to give students a feel for how empirical research is carried out. Prerequisite: MATH 150 Functions. Crosslisted with MATH 230, PSYC 230.
Dr. Catherine Pakaluk, Assistant Professor of Business, joins us from Harvard University. She will teach Statistics for the Social Sciences (and Labor Economics & the Economics of Poverty) this Fall. Dr. Pakaluk specializes in applied microeconomics, public economics, labor economics, education, family, health, and demographics.
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| Economics addresses some of the most important questions of society and human behavior and is a fascinating subject of study. At the same time, it is intimately related to day-to-day life and is an indispensable guide for practical decision-making. (more...) |
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