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Economics is the study of how society allocates scarce resources such as land, labor and capital, in an attempt to satisfy unlimited wants. It is broadly divided into two branches: macroeconomics and microeconomics. Macroeconomics is concerned with the workings of the economy as a whole. It is the study of broad measures of economic performance: Gross Domestic Product, unemployment, and inflation. Microeconomics focuses on the role of individual decision-makers - consumers and firms – and analyzes the efficiencies and failures of a market system. The two branches approach the fundamental questions of resource allocation from opposite sides: one from the perspective of the economy as a whole and one from the perspective of the individual agents in the economy. The Associate in Arts in Economics for Transfer degree prepares students for transfer to California State Universities (CSUs). Students who complete the Associate in Arts in Economics for Transfer degree will be ensured preferential transfer status to CSUs for economics majors and majors in related disciplines. The Associate in Arts in Economics for Transfer degree requirements will fulfill the lower division major requirements at many CSUs. Students are advised, however, to meet with a counselor to assess the course requirements for specific CSUs.

• Students will have a working understanding of the role of prices in a market economy, the benefits of trade, economic growth and stability, market structures and competition, market failures and the economic role of government.

• Students will be able to employ economic reasoning to explain the world around them and make objective decisions based on assessments of costs and benefits.

Associate in Science in Economics for Transfer requires completion of a minimum of 90 units to include:

• CSU General Education Breadth Requirements or the *Intersegmental General Education Transfer Curriculum (IGETC) (49-58 units) (full certification is required)

• Core and support courses (29-45 units, of which 15 units may satisfy the GE requirement)

• Transferable electives necessary to meet the 90-unit minimum requirement

**NOTE:** All courses pertaining to the major must be completed with a grade of "C" (or "P") or better. In addition, the student must obtain a minimum GPA of 2.0.

*** IMPORTANT NOTE:** Although it is possible to fulfill the requirements for the Associate Degree for Transfer by completing the IGETC for UC pattern, admission to CSU requires completion of an Oral Communication course (IGETC Area 1C; CSU GE Area A-1); therefore, students who plan to transfer to CSU should complete this course as part of their GE or elective units.

ECON 1A Principles of Macroeconomics (5 units)

ECON 1B Principles of Microeconomics (5 units)

MATH 10 Elementary Statistics (5 units)

MATH 12 Calculus for Business & Economics (5 units)

**or** MATH 1A Calculus (5 units) **and*** MATH 1B Calculus (5 units)

**or** MATH 1A Calculus (5 units) **and*** MATH 1BH Honors Calculus II (5 units)

**or** MATH 1AH Honors Calculus I (5 units) **and*** MATH 1B Calculus (5 units)

**or** MATH 1AH Honors Calculus I (5 units) **and*** MATH 1BH Honors Calculus II (5 units)

* Both courses must be completed to fulfill the requirement.

**Complete ONE course** from List A:

__List A:__

ACTG 1A Financial Accounting I (5 units)

**and*** ACTG 1B Financial Accounting II (5 units) **or** ACTG 1BH Honors Financial Accounting II (5 units)

ACTG 1C Managerial Accounting (5 units)

**or** ACTG 1CH Honors Managerial Accounting (5 units)

MATH 11 Finite Mathematics (5 units)

MATH 1B Calculus (5 units) **and*** MATH 1C Calculus (5 units)

**or** MATH 1BH Honors Calculus II (5 units) **and*** MATH 1C Calculus (5 units)

**And complete ONE course** from List B:

__List B:__

Any course not used in List A, or any of the following:

ECON 9 Political Economy (4 units)

**or** POLI 9 Political Economy (4 units)

**or** ECON 9H Honors Political Economy (4 units)

**or** POLI 9H Honors Political Economy (4 units)

ECON 25 The Global Economy (4 units)

MATH 1C Calculus (5 units) **and*** MATH 1D Calculus (5 units)

MATH 2B Linear Algebra (5 units)

* Both courses must be completed to fulfill the requirement.

FOOTHILL COLLEGE - 12345 EL MONTE ROAD, LOS ALTOS HILLS, CA 94022-4599 - foothill.edu

**Control Information:**

2018-2019 |
Status: Approved |
Modified: 2018-04-20 12:52:30 |
Dept Code: ECON