Higher Education - Baton Rouge, Louisiana, United States
LSU's Department of Economics teaches students the principles of microeconomics and macroeconomics. Microeconomics provides a framework for analyzing decisions made by individuals and firms, especially decisions concerning the allocation of scarce resources and the implications of those decisions for both the decision-maker and the wider society. Macroeconomics uses the foundations provided by microeconomics and focuses on the determinants of economic aggregates like the price level and national output, and studies the effects of monetary and fiscal policy on these aggregates.