Sherri will not be able to attend this next couple of meetings, however, SWEET will still be in session. This week's discussion topic is..... the peril of our economics program at UAF. Below is an excerpt from the report I wrote a couple of weeks ago on Sherri's lecture.
Now, all subdivisions of the economics program, including minors, majors and organizations such as Students Who Enjoy Economic Thinking, are at risk for being cut for financial reasons. . .
. . . Enrollment in the economics major started its suspension in April. Wall criticized this decision, saying the board should consider the cost/benefit analysis of cutting the economics program before making a final decision around June.
The current decision-making process overlooks the benefits of keeping the program in the university, Wall said. The economics program is ranked 80 out of the 280 programs here at UAF. Despite being on the bottom of the School of Management curriculum, the program generates a copious amount of student credit hours for those in and out of the School of Management.
Cutting the economics program would cost more in lost opportunities than it would save in cash, according to Wall.
“The suspension of the program was cited for financial reasons… However, after just doing a brief cost-benefit analysis, the savings of eliminating the economics program would be very negligible,” Wall said. “It ignores things like return on investment, and where students go and how they are giving back and contributing to society. An economics degree is a very, very valuable degree.”
You can read the full article at https://www.uafsunstar.com/professor-criticizes-lack-of-economics-education/.
Other good articles to read and ponder (although a little outdated) include:
- What does economics mean to you?
- How has economics impacted your life?
- What value do you see in keeping economics at UAF?
- As a non-economics major, what value do you see in keeping SWEET?
I look forward to seeing you all on Wednesday!