Economics is the study of how best to satisfy the wants and desires of all people given the limited resources available to us on this Earth. It concerns the wealth of nations, its origins in production and exchange, its allocation among competing uses, its distribution among individuals, its accumulation or decline. The approach is descriptive and analytical; many issues of national and international policy are considered; the focus is on social institutions and social outcomes rather than on personal financial success per se.
Pitzer Advisers: M. Bizuneh, M. Federman, E. Stephens, L. Yamane.
AP Credit: An AP score 5 on the AP Economics exam will be granted one elective course credit toward graduation (one-half credit for a score of 4), but will not be counted toward an economics major or minor requirement. Students must still take ECON 051 PZ and ECON 052 PZ .
Students intending to pursue graduate work in economics are strongly urged to major in Mathematical Economics or double major in Economics and Mathematics, due to the increased use of mathematical modeling in Economics at the graduate level.