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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. Ave Maria is in its development stage and 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 now works at the US Senate and is studying for a Master's degree in International Affairs. |
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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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featured course - Ethics and Economics of development
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This course examines the causes, consequences and possible solutions of economic problems of developing countries. The course focuses on the historical features of developing countries and their institutions; theories of long-run economic growth; population, poverty and inequality; trade, finance, macroeconomic instability, and the balance of payments; the role of the State. The course integrates the economics of the issues with an analysis of the ethics of development, focusing on the goals of development and key principles of development ethics: participation, solidarity, and subsidiarity. Prerequisites: ECON 301, 302, 230. (Learn More ...)
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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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