Economics SpecializationThe Department of Economics at the Stern School stresses the development of tools, concepts, and techniques useful in problem solving and is thus uniquely suited to serve the needs of the business and financial communities. Economics is the cornerstone of any academic program in business. Economic theory provides the analytical foundation for virtually every discipline in the business school curriculum. It also provides a framework for interpreting current developments and economic history. The Stern School’s economics faculty is composed of specialists and generalists who cover a wide range of economic thought and applications. Economics can be divided into two broad areas: microeconomics and macroeconomics. Microeconomics focuses on the theory and activities of individual consumers and businesses. It studies market structures, pricing policies, business strategies, and, generally, optimal decision making by economic agents. Macroeconomics is concerned with aggregate economic activity and its determinants. It studies inflation, unemployment, and output and how monetary and fiscal policy affect all of them. Both micro and macro are useful in analyzing economic growth and historical economic developments. Studying economics provides an invaluable perspective to anyone choosing a career in business or in areas of government involved with business.
All ECON-GB courses apply plus the following:
For course descriptions, please see the Office of Records & Registration website.