Economics is the study of production, consumption and allocation decisions under conditions of scarcity, or as economist Steven Landsburg says, "People respond to incentives. Everything else is noise.". The field is broken down into macroeconomics, the performance of the economy as a whole, and microeconomics, the economic behavior of consumers or firms. Macroeconomics includes topics such as economic growth, inflation, changes in employment and unemployment, international trade performance, and the relative success or failure of government and Federal Reserve economic policies. The general concern of microeconomics, on the other hand, is the efficient allocation of scarce resources between alternative uses. Therefore, microeconomics looks at the determination of price through the optimizing behavior of consumers and firms, with consumers seeking to maximize happiness and firms, profit.
|Selective Courses, choose a minimum of 12 units from the following:||Units|
|ACTG 121||Financial Accounting||4 units|
|ACTG 131||Managerial Accounting||4 units|
|ANTH 110||Cultural Anthropology||3 units|
|ECON 230||Economic History of the United States||3 units|
|HIST 101||History of Western Civilization II||3 units|
|HIST 201||U.S. History through 1877||3 units|
|HIST 202||U.S. History from 1877 to the Present||3 units|
|IDST 150||Honors Research Seminar||1 unit|
|MATH 200||Elementary Probability and Statistics||4 units|
|MATH 241||Business Calculus I||5 units|
|MATH 251||Analytical Geometry and Calculus I||5 units|
|PHIL 100||Introduction to Philosophy||3 units|
|PSYC 100||General Psychology||3 units|
And required General Education coursework and electives as needed to meet the minimum
60 units required for the Associate degree.
Please refer to the AA/AS Degree Requirements for more information.