# ECONOMICS

Economics can be defined a few different ways: it’s the study of scarcity, the study of how people use resources, or the study of decision-making. Economics often involves topics like wealth, finance, recessions, and banking, leading to the misconception that economics is all about money and the stock market. Actually, it’s a much broader discipline that helps us understand historical trends, interpret today’s headlines, and make predictions for coming decades.

**Dr. Alex Miranda, Dean**

amiranda42@gwc.cccd.edu

714-892-7711 x58180

**Lindsay McNutt**

Division Office Coordinator

lmcnutt1@gwc.cccd.edu

714-892-7711 x58947

**Associate in Arts Degree in Economics for Transfer**

Required courses | Semester at a Glance

The Associate in Arts in Economics for Transfer degree focuses on developing a set of principles and models in microeconomics and macroeconomics that can be used to explain the decision making process of individuals, firms, and society. In microeconomics, the students will learn about the producer and consumer, the function and structure of markets, and efficiency. In macroeconomics, students will learn about measuring and evaluating collective economic activity for the economy as a whole in terms of national income and product accounting, inflation, unemployment, and the effects of government policy on the economy. The degree also emphasizes enhancement of quantitative skills to be applied to economic applications and decision making. The mathematical tools learned in calculus and statistics provide a foundation for upper division economic analysis. Upon completion of the Associate in Arts in Economics for Transfer, the students will be prepared for transfer to pursue a baccalaureate degree in Economics.

**Program Level Learning Outcomes**

**Upon completion of this program, students will be able to:**

- Apply the economic problem of scarcity and how it relates to choice, opportunity cost, and marginal decision making for individuals and society.
- Quantitatively analyze economic activity of individuals, firms, the public sector, and the economy as a whole.
- Use economic concepts including scarcity, opportunity cost, supply and demand to analyze markets, evaluate fluctuations, and determine the impact on individual, economy wide, and global economic decisions.
- Use supply and demand models to analyze markets, evaluate fluctuations, and determine changes in prices.

This is the major pattern for students planning to transfer to a CSU. It is strongly recommended that students contact a GWC counselor to develop an official Student Educational Plan to discuss non-CSU universities, or if they have questions about the AA in Economics for CSU Transfer.

**Required courses**

**Core:
**ECON G170 – Principles of Microeconomics –

**3 units**

ECON G175 Principles of Macroeconomics –

**3 units**

MATH G160 Introduction to Statistics –

**4 units**

MATH G140 Business Calculus or MATH G180 Calculus 1 –

**4-5 units**

**List A: Select one course
**MATH G185 – Calculus 2 –

**5 units**

ACCT G101 – Financial Accounting –

**4 units**

ACCT G102 – Managerial Accounting –

**4 units**

**List B: Select one course
**Any List A course not already used

MATH G280 – Calculus 3 –

**5 units**

MATH G285 – Introduction to Linear Algebra and Differential Equations –

**5 units**

ECON G110 – Contemporary Economic Issues and Problems –

**3 units**

ECON G120 or HIST G110 – Economic History of the United States –

**3 units**

Total units: **21-25**

**Semester at a Glance**

**Semester 1**

MATH G160 (Core) – Introduction to Statistics – **3 units**

General Education – **TBD **

**Semester 2**

ECON G170 (Core) – Principles of Microeconomics – **3 units**

One course from:

MATH G140 (Core) – Business Calculus – **4 units**

or

MATH G180 (Core) – Calculus 1 – **5 units**

General Education – **TBD **

**Semester 3**

ECON G175 (Core) – Principles of Macroeconomics – **3 units **

One course from:

ACCT G101 (List A) – Financial Accounting – **4 units**

MATH G185 (List A) – Calculus 2 – **5 units**

General Education – **TBD **

**Semester 4**

One course from:

ACCT G101 (List A) – Financial Accounting – **4 units**

ACCT G102 (List A) – Managerial Accounting – **4 units**

MATH G185 (List A) – Calculus 2 – **5 units**

MATH G280 (List B) – Calculus 3

MATH G285 (List B) – Introduction to Linear Algebra and Differential Equations – **5 units**

ECON G110 (List B) – Contemporary Economic Issues and Problems – **3 units**

ECON G120 (List B) – Economic History of the United States – **3 units**

(ECON G120 same as HIST G110)

General Education – **TBD **

**Major total: 21–25 units**

**Total units that may be double-counted: 9–12 units**

**CSU General Education Breadth or IGETC Pattern: 37–39 units**

**Transferable Electives (as needed to reach 60 units): 8–11 units**

**DEGREE TOTAL UNITS (maximum): 60 units **

**( ) Description in parentheses indicates credit earned in AAT. **

Click here to view all courses

**ECOL G100 – 3 units**

Course Outline (opens new window)

**Human Ecology**

An investigation of the current problems of man’s relationship with the environment and possible solutions to these problems. Lecture. Optional pass/no pass grade. **Transferable to CSU; UC.**

**ECON G110 – 3 Units**

Course Outline (opens new window)

**Contemporary Economic Issues and Problems**

(Formerly known as: American Economic Problems)

Provides an introduction to the basic tools and concepts of economic analysis with an emphasis of applying economic theory to current problems and issues. Topics include scarcity, decision making, supply and demand, and the effects of policy applied to selected issues such as crime, drug control, healthcare, pollution, and poverty. Lecture. Optional pass/no pass grade. Transferable to CSU; UC.

**ECON G120 – 3 units**

Course Outline (opens new window)

**Economic History of the United States**

*Same as: History G110
*A survey of US economic development from colonial origins to the present, evaluating the various agents of growth. Emphasis is on the changing nature of American capitalism as well as U.S. involvement in the global economy. Lecture. Optional pass/no pass grade.

**Transferable to CSU; UC.**

**ECON G170 – 3 units**

Course Outline (opens new window)

**Principles of Micro Economics
**

*(Formerly known as: Economics G180, Micro Economics)*

*Prerequisites: Math G030. or Math G040, or MathPlacement Assessment*

This course offers an introduction to the concepts and tools of economic analysis. Topics include scarcity, supply and demand, costs of production, and analysis of individual and firm behavior in markets. C-ID ECON 201 Lecture. Optional pass/no pass grade

**Transferable to CSU; UC.**

**ECONOMICS G175 – 3 Units**

Course Outline (opens new window)

**Principles of Macro Economics**

*(Formerly known as: Economics G285 Macro-Economics)*

*Prerequisites: Math G030, or Math G040, or Math Placement Assessment*

*Advisories: Economics G170*

This course is an introductory course applying economic analysis to the aggregate economy. Topics include measurement of economic activity, money and financial institutions, monetary and fiscal policy, long run growth, and international trade. C-ID ECON 202 Optional pass/no pass grade. **Transferable to CSU; UC.**

**ACCOUNTING G101 – 4 Units**

Course Outline (opens new window)

**Financial Accounting**

*Advisories: Accounting G100*

This course explores accounting as an information system and it is used by investors, creditors, and other stakeholders to make decisions. It introduces the accounting cycle, recording and reporting of business transactions, application of generally accepted accounting principles, and preparation of financial statements. The course examines issues relating to asset, liability, and equity valuation, revenue and expense recognition, cash flow, internal controls and business ethics. C-ID ACCT 110 Lecture. Letter grade only. **Transferable to CSU; UC**.

**ACCOUNTING G102 – 4 Units**

Course Outline (opens new window)

**Managerial Accounting**

*Prerequisites: Accounting G101*

This course is the second semester continuation of Acct G101- Financial Accounting. This course provides a study of accounting and financial information used to manage operations. The course content covers cost accounting concepts, cost behavior, cost structure, cost-volume-profit analysis, budgeting, responsibility accounting, and other management-related topics. Some problems will be solved using computer software applications. C-ID ACCT 120 Lecture. Letter grade only. **Transferable to CSU; UC**.

**MATHEMATICS G140 – 4 Units
**Course Outline (opens new window)

**Business Calculus**

*(Formerly known*as:

*Mathematics 130)*

*Prerequisites: Mathematics G115 or G170 or Mathematics Placement Assessment*

This course is designed for students of business, management, and social science who need only one semester of calculus that covers a variety of topics that usually span parts of three semesters of calculus. Topics include functions, limits and continuity, differentiation, integration, graphing, the calculus of two variables and applications of the derivative and integral. This course does not prepare a student to enter Mathematics G180 or G185. UC Credit Limitations: Math G140, G180 and G180H combined—maximum credit, one course. C-ID: MATH 140 Lecture. Letter grade only.

**Transferable to CSU; UC.**

**MATHEMATICS G160 – 4 Units
**Course Outline (opens new window)

**Introduction to Statistics**

*Prerequisites: Mathematics G030 or Mathematics Placement Assessment*

Topics include concepts and procedures of descriptive and inferential statistics; collecting, classifying, tabulating, graphing univariate and bivariate data; measures of central tendencies, variation, percentiles, probability, binomial, normal, T, Chi-square and F distributions; making inferences, decisions and predictions. This course develops statistical thinking through the study of and applications to data sets in the social and behavioral sciences, business, and other disciplines. The use of a graphing calculator and/or statistical analysis computer programs is integrated into the course. UC Credit Limitations: Math G160 and G160H combined—maximum credit, one course. UC credit limitations. See counselor. C-ID: MATH 110 OR C-ID: SOCI 125 Lecture. Letter grade only.

**Transferable to CSU; UC.**

**MATHEMATICS G185 – 5 Units
**Course Outline (opens new window)

**Calculus 2**

*Prerequisites: Mathematics G180 or G180H*

This is the second course in a three-course sequence designed for mathematics, science and engineering majors. The topics covered in this course include methods of integration, applications of the definite integral, polar and parametric functions, improper integrals, convergence and divergence of sequences and series including power series, and conic sections. (The student should plan to complete the first three semesters of calculus at Golden West College to maintain continuity.) C-ID MATH 221 Lecture. Letter grade only.

**Transferable to CSU; UC.**

**MATHEMATICS G280 – 5 Units
**Course Outline (opens new window)

**Calculus 3**

*Prerequisites: Mathematics G185*

This is the third course in a three-course sequence, designed for mathematics, science and engineering majors. Topics include vectors in three-dimensional space, curves and surfaces, functions of several variables, partial differentiation, the gradient, the curl, the divergence, multiple integration, Green’s Theorem, Gauss’ (Divergence) Theorem and Stokes’ Theorem. The student should plan to complete the first three semesters of calculus at Golden West College to maintain continuity. C-ID MATH 230 Lecture. Letter grade only.

**Transferable to CSU; UC.**

**MATHEMATICS G285 – 5 Units
**Course Outline (opens new window)

**Introduction to Linear Algebra and Differential Equations**

*(Formerly known*as:

*Ordinary Differential Equations)*

*Prerequisites: Mathematics G185*

This course is designed to introduce students to the fields of Linear Algebra and Differential Equations. Topics include matrices, determinants, vector spaces, linear systems of equations, inner product spaces, first and second order differential equations, systems of differential equations, and Laplace transforms. C-ID MATH 910S Lecture. Letter grade only.

**Transferable to CSU; UC. Offered fall semester only.**

##### The Associate in Arts Degree for Transfer (AA-T) in Economics will transfer to the following California State Universities:

CSU Bakersfield

CSU Channel Islands

CSU Chico

CSU East Bay

CSU Fresno

CSU Fullerton

CSU Humbolt

CSU Long Beach

CSU Northridge

CSU Pomona

CSU Sacramento

CSU San Bernadino

CSU San Diego

CSU San Francisco

CSU San Jose

CSU San Marcos

CSU Sonoma

CSU Stanislaus

The list of CSU campuses for this major was provided by the California State University’s *A Degree with a Guarantee* website: http://adegreewithaguarantee.com/

**Most of the courses in this program also transfer to the University of California (UC) System and Private Universities. Please see your GWC Counselor early in your studies to choose the transfer option that is right for you.**

Economics majors are successful in a wide variety of careers. Although various roles in businesses are most common, economics majors are successful in law, medicine, government, non-profits, and international relations, as well as in academic roles. Some options include:

**Government**

- Cost Analysis
- Intelligence
- Foreign Trade Analysis
- Public Administration
- Transportation Management
- Urban Planning

**Economic Market Research**

- Research Analysis
- Consulting

**Banking and Finance**

- Credit Lending
- Operations
- Systems
- Trusts
- Securities
- Sales
- Research

**Insurance**

- Underwriting
- Sales
- Operations
- Claims

**Healthcare**

- Hospital Management
- Healthcare Analysis

**Other Business Areas**

- Management
- Buying and Purchasing
- Human Resources
- Hospitality
- Sales

**Teaching**

- Colleges and universities
- Secondary public and private schools

Full-time Faculty:

**Jennifer Bailly**

*Instructor, Economics
*B.A., M.A., California State University, Long Beach.