CMU Launches Undergraduate Program in Economics and Politics – News

March 07, 2019

Carnegie Mellon University introduced a new bachelor’s degree program in economics and politics, launched this spring. A joint effort between the Institute for Policy and Strategy and the undergraduate economics program, the degree program involves interdisciplinary study emphasizing a data-driven approach to understanding economic decision-making. and politics.

“The links between politics and economics are almost endless. Political decisions have an effect on economic growth and economic outcomes shape political decisions,” said Sevin Yeltekin, professor of economics and senior associate dean of the education at the Tepper School of Business. “This new program reflects the realities of these important interactions.”

The program includes several courses in fundamental and analytical economics from the Tepper School and Dietrich College of Humanities and Social Sciences, which jointly offer undergraduate programs in economics. In addition to the fundamental and intermediate level courses in microeconomics and macroeconomics, the program includes advanced courses in economics and data science, econometrics and economic electives (including regulation, political economy, financial crises and risks, emerging markets, etc. .).

Christopher Sleet, professor of economics and director of economics at the Tepper School; Kiron Skinner, Taube Professor of International Relations and Politics and Director of the Institute for Politics and Strategy (on leave); and Baruch Fischhoff, professor at Howard Heinz University and acting director of the Institute for Politics and Strategy.

“The emphasis on an analytical and data-driven approach to decision making sets our program apart from similar programs at other schools,” said Christopher Sleet, professor of economics at the Tepper School who leads the programs at economy of CMU. “Students graduating with a BS in Economics and Politics will have the technical skills to conduct well-informed policy discussions. They will be able to build strong careers in the areas of financial policy, government regulation, policy advice. and commercial, law or lobbying. “

Along with the economics courses, students pursuing the Economics and Politics degree will acquire training in political science, international security, and international relations through the courses offered at the Institute of Politics and Strategy. Students will take core courses in American politics, comparative politics, and international relations. More advanced courses include courses in international political economy, political science research methods, and electives (e.g. international and national security, grand strategy, cybersecurity and international conflicts, international development , etc.)

The Bachelor of Science in Economics and Politics will be available as a major major and as an additional major.

“Economics and politics are intertwined in countless ways, from fiscal and monetary policies to political decision-making that influence economic growth and income distribution,” said Carol Goldburg, executive director of the Economics program at first cycle. “The importance of understanding and navigating the overlap between these two disciplines is crucial.”

The Institute for Politics and Strategy is an academic institute dedicated to research and education in the fields of political science, international relations, national security policy and grand strategy. The institute was established under the leadership of Kiron Skinner, Taube professor of international relations and politics, with the direction of an executive committee that included the late Allan Meltzer, professor of political economy at Allan H. Meltzer University. Meltzer championed the interdisciplinary study of economics and politics at Carnegie Mellon during his long career at university.

“Without a solid understanding of the complex dynamics of governance decisions, economic decision makers cannot produce effective solutions,” Skinner said. “The research and teaching objectives of the Economics program and the Institute of Policy and Strategy have a natural harmony in the study of political economy. I am happy to see this innovative and collaborative enterprise launched at Carnegie Mellon. “

Students pursuing the degree program are encouraged to participate in the Washington semester program led by Skinner. Undergraduates from any CMU program can participate in the program, which involves first-hand policy experience through an internship and classes in Washington, DC.

“In this era of transforming international politics and economics, it is essential that our students, as future leaders in these sectors, have a comprehensive understanding of financial principles, political interests and policy making. “said CMU President James H. Garrett, Jr.” With our university’s unwavering commitment to interdisciplinary education and a data-driven approach to the study of the social sciences, graduates of this new program will be well positioned to address the challenges and opportunities that nations may face in times of societal and economic change. “

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