School of Social & Cultural Studies: Economics Department
Programs offered in the Department of Economics examine how societies cope with the pervasive problem of relative scarcity.
Positioned methodically between the sciences and the humanities, modern economic theory recognizes the market process, subject to the influence of both social and political forces, as the primary resource allocation mechanism. The market process only determines who gets resources and who does not. It does not erase scarcity — some wants remain unmet. Thus, issues of equity, justice, and fairness are implicit in any resource allocation. Our goal is to teach students how to understand and appreciate the process and issues involved in resource allocation.
Pursuing excellence in teaching and compelling scholarship, our distinguished and dedicated faculty guide, mentor, and challenge students to excel. Our bright and curious students learn how to use their intellectual pursuits to connect their education with the needs of the world.
Economics Academic Programs
The curriculum in economics at Truman empowers students with a self-sustaining capacity to think and learn. Students learn to pose questions, collect information, identify and use an appropriate framework to analyze that information and come to a conclusion.
January 13, 2020
Dr. Rashmi Prasad has accepted the position of dean of the School of Business and will start at Truman July 1.
January 13, 2020
Starting with the 2020-21 school year, Truman will utilize the first floor of Dobson Hall as pet-friendly housing. Animals that will be permitted to live on campus include dogs weighing no more than 40 pounds, cats, gerbils, guinea pigs, hamsters and rabbits.