I think you're out of touch with what the university syllabus is for engineering. Control theory and maths was around half of my electronics engineering degree. Control is heavily taught within the department of engineering at most universities.
I think control theory is only taught seriously in engineering faculties. You'd think economics people would learn something about it, but they don't appear to.
Economists do learn control theory, but many seem to ignore it.
Control theory is what separates engineers from the rest. The rest includes governments, like the Victorian government here which is out of control.
http://www.theage.com.au/comment/billions-of-dollars-of-victorian-taxpayers-money-is-being-wasted-on-bad-government-contracts-20150121-12ubyi.htmlMost state governments politicians are lawyers, knucklehead do-gooders, greenies and various spongers who are "very good" with other peoples' money. They are also very good at lying and deceiving to the public to win elections.
The state government here cheated people into paying speeding fines. One example is they had a speed camera set to a LOWER setting than the speed limit sign near Tullamarine airport where they reaped millions in fines. It was the second biggest speed camera profit earner for the state government, so they kept the scam running for several months after they were caught out by an engineer who copped a fine (he did some tests). They did not fix it until when the engineer went public when all hell broke loose.
If these politicians were honest and capable and actually understood control theory and were to the level of intelligence and integrity of the average electronics engineer, things would have been very different. I suspect no electronic engineers are politicians because they are simply too honest and down to earth. Engineers don't tell lies to get get a job. Engineers examine problems methodically and scientifically to solve problems. They use control theory to ensure stability in the systems they create. They project manage projects effectively and realistically so they are on time and on budget. Unlike dodgy politicians, they earn their income.
I refused to vote at the last election, and I was reported for not doing so because voting is compulsory here. There was no-one I thought was good enough to vote for. Don't vote, you get fined. Don't pay the fine, you get imprisoned.
If there were more engineers running governments the world over, the world would be a better place. Better management, better systems and less illegal and legal corruption too. And control theory would be used to ensure stability and control, employing feedback from the end-user, the public.