The Department of Economics in INHA University started as the Economics Course in 1979 and graduated 70 students every year. It was reorganized into the Department of Economics & International Trade in 1996 by unifying with the Trade Course. In 2001, it separated from international trade to become the Department of Economics again. The department currently has an entrance quota of 75.
The purposes of the program are to train professionals to lead societies of the future by learning the science and practical use of economics; to train intellectuals striving for Economic Justice within our society; to train economists creatively coping with Globalization and information-oriented societies. The objectives of the education are to understand the foundation of economics with an emphasis on practical application, creative and various curricula and active discussion about current issues.
The curriculum consists of required cultural subjects, required major subjects and elective major subjects. Required cultural subjects include Principles of Economics, Mathematical Economics and Economic Statistical Theory. Principles of Economics is offered over two semesters. Microeconomics and Macroeconomics, required major subjects, present the most fundamental theories in economics. Microeconomics studies individual consumption and industrial production and their interaction as a user and a supplier in market. Macroeconomics examines the determinants of economic variables such as the gross domestic product, inflation, unemployment, and interest rates and fluctuation principle. It also analyzes an economic policy’s impact on economic variables. In elective major subjects, many kinds of lectures are offered, and it are indicated 200 units and 300 units. 200 units subjects are mainly for second and third year students. Third and fourth year students mainly take 300 units subjects. All subjects are classified under 10 sections, which are: General Theory, Mathematical Economics, Economic History, International Economics, Monetary Finance, Development / Economic System, Labor / Industry, and Agriculture / Support public seminar.
Vision after Graduation
Career opportunities include positions in general businesses, trading companies, monetary facilities (bank, stock company, investment trust company, insurance company etc), government investment organizations, and economic, management and social science research institutes. This degree qualifies graduates for teaching and research activity in university and research institutes. It is also possible to be a secondary school teacher.