Economics

The Associate in Arts in Economics for Transfer Degree (AA-T) has been established to assist students in seamlessly transferring from Gavilan College to a California State University (CSU), with the objective of pursuing a baccalaureate degree in economics. The AA-T therefore necessarily requires the completion of a general education sequence of courses, as well as specific preparation for upper division economics coursework.
Learning Outcome(s):
  1. Identify and discuss causes of long-run economic growth and short term business cycle fluctuations in growth (e.g. recessions and expansions), and policy responses and initiatives affecting each.
  2. Apply marginal analysis to resource allocation decisions in a variety of settings, including but not limited to: profit maximization strategies for firms in various competitive environments, and utility maximization strategies for consumers with budget constraints.
REQUIREMENTS:
Units: 12-14
ECON 1
Principles of Macroeconomics (Active)
3
ECON 2
Principles of Microeconomics (Active)
3
MATH 5
Introduction to Statistics (Active)
3
or
ECON 11
Statistics for Business and Economics (Active)
4
or
BUS 11
Statistics for Business and Economics (Active)
4
MATH 6
Calculus for Business/Social Science (Active)
3
or
MATH 1A
Single-Variable Calculus and Analytic Geometry (Historical)
4
LIST A: Select one (3-8 units)
Units: 3-4
MATH 7
Finite Mathematics (Historical)
3
MATH 1B
Single-Variable Calculus and Analytic Geometry (Historical)
4
ACCT 20
Financial Accounting (Historical)
4
ACCT 21
Managerial Accounting (Historical)
4
CSIS 2
Computers in Business (Historical)
4
BUS 100
Effective Written and Oral Business Communication (Active)
3
CSIS 51
Visual Basic Programming (Active)
4
LIST B: Select one (3 - 4 units)
Units: 3-4
ECON 14
Personal Finance (Active)
3
or
BUS 14
Personal Finance (Active)
3
MATH 1C
Multivariable Calculus (Historical)
4
MATH 2
Linear Algebra (Active)
3
Associate Degree for Transfer Requirements:
Units: 0
Units Required for the Major: 18 - 22
Units:  
Double Counted Units: CSU: 9; IGETC: 9
Units:  
General Education Requirements: CSU GE: 39; IGETC: 37
Units: 37-39
Electives needed to get to 60 Units: CSU: 8 - 12; IGETC: 10 - 14
Units:  
Total Units for the Degree: 60 Units
Units:  
Total: 55-61

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ECON 1Principles of Macroeconomics (3.0)Historical
3.0 Lecture. Introduction to the principles of macroeconomic analysis, economic institutions, and economic policy; supply and demand, determinants and distribution of output, income, and welfare through the market system; international trade and globalization. Measurement, determinants of, and policies relating to long-run economic growth, business cycle fluctuations, unemployment, and inflation. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 202) PREREQUISITE: MATH 430 or MATH 205 (Option of a standard letter grade or Pass/no pass.) Effective: Fall 2018 to Summer 2020.
ECON 1Principles of Macroeconomics (3.0)Active
3.0 Lecture. Introduction to the principles of macroeconomic analysis, economic institutions, and economic policy; supply and demand, determinants and distribution of output, income, and welfare through the market system; international trade and globalization. Measurement, determinants of, and policies relating to long-run economic growth, business cycle fluctuations, unemployment, and inflation. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 202) PREREQUISITE: MATH 430 or MATH 205 (Option of a standard letter grade or Pass/no pass.) Effective: Summer 2020.
ECON 2Principles of Microeconomics (3.0)Active
3.0 Lecture. Introduction to microeconomic principles, theory, and analysis. Topics include scarcity and resource allocation, specialization and exchange, and the determinants and distribution of output, income, and welfare through the market system, as well as elasticity, production and cost theory, and market failure caused by externalities and asymmetric information. Includes consumer choice and utility maximization, as well as profit maximization in various competitive settings. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 201) PREREQUISITE: MATH 430 or MATH 205 (Option of a standard letter grade or Pass/no pass.) Effective: Summer 2020.
ECON 2Principles of Microeconomics (3.0)Historical
3.0 Lecture. Introduction to microeconomic principles, theory, and analysis. Topics include scarcity and resource allocation, specialization and exchange, and the determinants and distribution of output, income, and welfare through the market system, as well as elasticity, production and cost theory, and market failure caused by externalities and asymmetric information. Includes consumer choice and utility maximization, as well as profit maximization in various competitive settings. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 201) PREREQUISITE: MATH 430 or MATH 205 (Option of a standard letter grade or Pass/no pass.) Effective: Fall 2018 to Summer 2020.
ECON 11Statistics for Business and Economics (4.0)Historical
4.0 Lecture. The use of probability techniques, hypothesis testing, and predictive techniques to facilitate decision-making. Topics include descriptive statistics; probability and sampling distributions; statistical inference; correlation and linear regression; analysis of variance, chi-square and t-tests; statistical analysis including the interpretation of the relevance of the statistical findings. Applications using data from disciplines including business, social science, psychology, life science, health science, and education. Additional and more extensive case studies from business and economics, emphasizing statistical results that provide guidance for business decisions or suggest solutions to contemporary business and economic problems; use of larger data sets analyzed with computer software programs. (C-ID: MATH 110) PREREQUISITE: Math 233, or Math 233A and Math 233B, or Math 235, or Math 240, or Math 242 with a grade of "C" or better. (Option of a standard letter grade or Pass/no pass.) Effective: Spring 2016 to Fall 2020.
ECON 11Statistics for Business and Economics (4.0)Active
4.0 Lecture. The use of probability techniques, hypothesis testing, and predictive techniques to facilitate decision-making. Topics include descriptive statistics; probability and sampling distributions; statistical inference; correlation and linear regression; analysis of variance, chi-square and t-tests; statistical analysis including the interpretation of the relevance of the statistical findings. Applications using data from disciplines including business, social science, psychology, life science, health science, and education. Additional and more extensive case studies from business and economics, emphasizing statistical results that provide guidance for business decisions or suggest solutions to contemporary business and economic problems; use of larger data sets analyzed with computer software programs. (C-ID: MATH 110) This course is also listed as BUS 11. PREREQUISITE: Intermediate Algebra or the equivalent. (Option of a standard letter grade or Pass/no pass.) Effective: Fall 2020.
ECON 14Personal Finance (3.0)Historical
3.0 Lecture. This course is designed to assist individuals to analyze their financial affairs for lifelong decision making. Elements and concepts of financial planning and decision making in the areas of budgeting, taxes, borrowing, money management, insurance, investments, retirement, and estate planning will be examined. This course is also listed as BUS 14. This course has the option of a letter grade or pass/no pass. ADVISORY: Math 400 (Option of a standard letter grade or Pass/no pass.) Effective: Fall 2015 to Fall 2020.
ECON 14Personal Finance (3.0)Active
3.0 Lecture. This course is designed to assist individuals to analyze their financial affairs for lifelong decision making. Students examine the social, psychological, and physiological issues related to planning and managing a personal financial plan. Topics include goal setting, budgeting, taxes, borrowing, money management, insurance, investments, retirement, estate planning, and the financial impact of major life events such as marriage and divorce will be examined. This course is also listed as BUS14. Prerequisite: Skills and knowledge equivalent to Algebra 1 or as determined by the math placement process. (Standard Letter Grade.) Effective: Fall 2020.

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