We teach students to apply data, empirical methods and economic theory to study real-world events. Nearly two-thirds of Amherst graduates have taken our introductory course. We are proud to count two Nobel laureates among our alumni.
Study the central problem of scarcity and how micro- and macroeconomic systems allocate scarce natural resources among competing ends and apportion goods produced among people.
Examine the field of behavioral economics, which studies how individuals actually make decisions that may deviate from the way “rational actors” are modeled in terms of making decisions in classical economics.
Explore the economic importance of entrepreneurship, the roles entrepreneurs play in innovation, economic growth, and rising living standards, as well as determinants of entrepreneurial success.