Global Economic forecast

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.

Social Sciences Division

Dr. Robyn Brammer, Dean

For more information contact:
Ann Yarchin

Division Coordinator
ayarchin@gwc.cccd.edu
714-892-7711 x58125

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
Economics 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
Economics G175 (Core) Principles of Macroeconomics – 3 units

One course from:
Accounting G101 (List A) Financial Accounting – 4 units
or
Math G185 (List A) Calculus 2 – 5 units

General Education – TBD

Semester 4
One course from:
Accounting G101 (List A) Financial Accounting – 4 units
or
Accounting G102 (List A) Managerial Accounting – 4 units
or
Math G185 (List A) Calculus 2 – 5 units
or
Math G280 (List B) Calculus 3 – 5 units
Math G285 (List B) Introduction to Linear Algebra and Differential Equations – 5 units
or
Economics G110 (List B) Contemporary Economic Issues and Problems – 3 units
or
Economics G120 or (History G110) (List B) Economic History of the United States – 3 units
or
History G110 Economics History of the United States – 3 units

General Education – TBD

Major Total: 21-25 units
Associate in Arts degree in Economics for Transfer Courses: 21-25 units
CSU General Education Breadth or IGETC Pattern: 37-39 units
Total units that may be double-counted: 9-12 units
Transferable Electives (as needed to reach 60 transferable units) 8-11 units
DEGREE TOTAL UNITS (maximun): 60 units

( )  Description in parentheses indicates credit earned in AAT.

To view all courses (opens new window)

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.