Economics is about how we make a living in a deeply interdependent world. It’s a social science that uses theory, history and data analytics to study the webs of cooperation and conflict that arise – through commerce, law, legislation and civil society – as individuals and organizations pursue diverse goals within local, regional, national and international communities.
Economics is not just about money and the stock market. It’s a broad, rich discipline that helps us understand historical trends, interpret today’s headlines and make predictions for coming decades. Important public policy debates (about education, inequality, sustainability, taxation, immigration, equality of opportunity, public health, philanthropy and others) revolve around economic questions.
Economists analyze data gathered by governments, businesses and other organizations or generated in their own laboratories and field experiments, testing hypotheses about whether certain events, policies or programs will have (or did have) expected effects. Economists also use micro and macroeconomic theories and mathematical models to understand the complex causes of (and impediments to) market efficiency, economic growth and human development.
The TCU Economics Department features award-winning teachers and internationally recognized researchers who show students the art and the science of economics: the tools of analytical reasoning, formal modeling and statistical inference, plus the soft skills of historical context, awareness of hidden assumptions and humility about the limits of economic knowledge. Our students gain the confidence to ask relevant questions in the face of messy, real-world problems and the wisdom to know that every answer is contestable and context-dependent.
Our distinctive curriculum – anchored by a pluralistic view of economics as a conversation among multiple traditions of thought and delivered by a committed faculty of active researchers and award-winning teachers – produces skilled analysts who enjoy career flexibility, strong preparation for graduate and professional studies, and above-average earnings in finance, energy, consulting, law, public administration, international affairs and the non-profit sector.
Kiril I. Tochkov
Associate Professor and Chair, Department of Economics