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.
The Associate of Arts Degree in Economics for Transfer student completion requirements (stated in SB1440 law) are as follows:
Complete 60 semester or 90 quarter CSU transferable units.
Obtain a minimum grade point average (GPA) of at least 2.0
Complete and obtain certification of the California State University General Education-Breadth pattern (CSU GE-Breadth) or the Intersegmental General Education Transfer Curriculum (IGETC) pattern.
Complete a minimum of 18 semester or 27 quarter units in the major.
All courses in the major must be completed with a grade of C or better.