# 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**

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

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:**

1. Apply the economic problem of scarcity and how it relates to choice, opportunity cost, and marginal decision making for individuals and society.

2. Quantitatively analyze economic activity of individuals, firms, the public sector, and the economy as a whole.

3. 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.

4. 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 Micro Economics – **3 units**

ECON G175 – Principles of Macro Economics – **3 units**

MATH G160 – Introduction to Statistics – **4 units**

MATH G140 – Business Calculus or MATH G180 Calculus 1 – **4-5 units**

or

MATH G180 – Calculus 1

**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 /HIST G110 – Economic History of the United States – **3 units**

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

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

**ECOLOGY G100 – 3 Units**

**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.**

**ECONOMICS G110 – 3 Units**

**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*.

**ECONOMICS G120 – 3 Units**

**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.**

**ECONOMICS G170 – 3 Units**

**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**

**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. Lecture. Optional pass/no pass grade. * Transferable to CSU; UC*.

**ACCOUNTING G101 – 4 Units**

**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 **

**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**

**Business Calculus**

*(Formerly known as: Math130 Survey of Calculus)*

*Prerequisites: Mathematics G115 or Mathematics 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**

**Introduction to Statistics**

*Prerequisites: Math G030, or Math G040, or Math G080 or Math Placement Assessment*

This course includes 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 G170 – 5 Units**

**Precalculus**

*Prerequisites: Mathematics G120 or Mathematics Placement Assessment*

This course will cover topics required for studying calculus. Particular emphasis will be placed on the analysis of polynomial, rational, exponential, logarithmic, trigonometric and inverse functions. Other topics include vectors, analytic geometry, linear systems, matrices, elementary theory of equations, polar coordinates, sequences, series, and complex numbers. This course is essential for those students planning to study Mathematics G180 (Calculus 1). UC Credit Limitations: Math G115 and G170 combined—maximum credit, one course. Math G170 (maximum credit, 4 units.) Lecture. Letter grade only. **Transferable to CSU; UC.**

**MATHEMATICS G180 – 5 Units**

**Calculus 1**

*Prerequisites: Mathematics G170 or Mathematics Placement Assessment or Math G115 and Math G120*

This is the first course in a three-course sequence designed for mathematics, science and engineering majors. The topics covered in this course include limits and continuity, derivatives of algebraic and transcendental functions, applications of derivatives, indefinite integrals, definite integrals, the Fundamental Theorem of Calculus and applications of integration. UC credit limitations. See counselor. C-ID MATH 210 OR C-ID: MATH 211. Lecture. Letter grade only. **Transferable to CSU; UC.**

**MATHEMATICS G185 – 5 Units**

**Calculus 2**

*Prerequisites: Mathematics G180 or Mathematics 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 G235 – 4 Units**

**Applied Linear Algebra**

*(Formerly known as: Math 290)*

*Prerequisites: Mathematics G185*

Introduction to linear algebra, classical linear algebra problems, and applications to computer science and related technologies including matrices, determinants, linear spaces, linear transformations, and eigenvalues. C-ID: MATH 250. Lecture. Letter grade only. * Transferable to CSU; UC. *Offered spring semester only.

**MATHEMATICS G280 – 5 Units**

**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 G282 – 4 Units**

**Ordinary Differential Equations**

*Prerequisites: Math G185*

This course provides students with an introduction to the theory, techniques and applications of ordinary differential equations. The topics covered include first-order differential equations, higher-order differential equations, power series solutions, Laplace transforms, systems of differential equations and numerical methods. C-ID: MATH 240. Lecture. Letter grade only. **Transferable to CSU; UC.**

**MATHEMATICS G285 – 5 Units**

**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

**Jennifer Bailly**

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