Efficiency and Fairness of Markets

The Economics credentials signify competencies including compilation and analysis of economic data to forecast trends and determine the impacts of public policies and business decisions. Economic professionals also project future production and consumption of resources, conduct research on economic issues and disseminate findings through reports that inform decision-making by business and public policy leaders. Specifically, this badge demonstrates the earner's ability to discuss issues related to efficient resource allocation, consumer surplus, producer surplus, and fairness in allocating resources.