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    Irvine Valley College
    Jun 09, 2023  
2022-2023 Catalog: September 2022 Edition 
2022-2023 Catalog: September 2022 Edition [ARCHIVED]


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Dean: Traci Fahimi, EdD
Academic Chair: Adam Ghuloum
Faculty: Adam Ghuloum; Erick Peterson


Economics is the study of how people make choices when faced with scarcity. It is therefore the study of the process of decision-making by individuals, businesses, governments, or any other group that must make such choices, and the study of the institutional context in which these decisions are made. 

Students will learn the following: 1) the economic problem of scarcity and its consequences for marginal decision making by individuals, firms and society; 2) Basic economic modeling, mathematical and graphical analysis will evaluate resource allocation and changes within markets and the economy; and 3) Government policies for solutions to market failure will assess advantages and disadvantages of government policy on markets and the economy. 

Program Student Learning Outcomes

Upon completion of the economics program, students will be able to

  • Define and explain the fundamental economic problem of scarcity and it consequences relating to opportunity cost and marginal decision making of individuals, firms, and society.

  • Use the basic tools of economic modeling and graphing to evaluate the market system, the efficiency of resource allocation, and to predict changes within the market and economy.

  • Identify government policies with an emphasis on solutions to market failures and assess the impact, advantages, and disadvantages of government policies on market outcomes and the economy.

Potential Careers

Examples of careers in economics include the following:

  • Account Manager
  • Actuary
  • Area Sales Manager
  • Bank Officer
  • Budget Analyst
  • Business Forecaster
  • Business Manager
  • Buyer
  • City Manager
  • Claims Adjustor
  • Commercial Casualty Underwriter
  • Compensation Manager
  • Credit Analyst
  • Demographer
  • Educator
  • Employee Benefits Supervisor
  • Financial Planner
  • Insurance Analyst
  • Investment Analyst/Banker
  • Labor Relations Specialist
  • Loan Officer
  • Logistics Analyst
  • Management Trainee
  • Managing Consultant
  • Managing Director
  • Market Analyst
  • Policy Analyst
  • Pricing Analyst
  • Product Control Manager
  • Production Supervisor
  • Purchasing Agent
  • Quality Control Specialist
  • Real Estate Agent/Appraiser
  • Research Analyst/Research Assistant
  • Securities Broker
  • Statistician
  • Trade Analyst
  • Trust Officer
  • Urban/Regional Planner


    Associate in ArtsAssociate in Arts for Transfer

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