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Economics is more quantitative and theoretically more rigorous than the other social sciences, but it is decidedly more social than scientific in comparison with the natural sciences. Broadly, economics studies how society organizes production and distributes what is produced to its members. Microeconomics is the study of how individual production and consumption decisions are made and how markets coordinate them. Macroeconomics is the study of how overall output and employment and the price level are determined. Both of these branches of economics aim not only to understand the economy but also to prescribe policies to improve its performance. Through teaching and research, Smith students use economic theory, statistical and experimental methods, and historical and institutional analysis to investigate the behavior of the economy.
Common Application or Coalition Application, Smith Writing Supplement, Secondary School Report, including official high school transcript, Counselor Recommendation, Two Teacher Evaluation Forms, Official SAT I, ACT, TOEFL, IELTS, PTE or the Duolingo English Test/*DET*, Early Decision Agreement , English proficiency tests: TOEFL: recommend a minimum TOEFL score of 90, IELTS:recommend a minimum overall IELTS score of 6.5, Copy of transcript, Letter of recommendation, Certificate of Finances, Biographical page of your passport, Proof of health insurance and complete health historyEconomistEconomic Development ManagerEnterprise Solutions ManagerFinancial Planner
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