GCC General Catalog 2007-2008
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General Catalog 2007-2008

Programs and Courses

Economics

General Information

For Information: Eileen Johnston
Phone: 623.845.3280

Student Goals: General Education, Career-related

Economics courses provide an understanding of economic institutions, consumer economic issues, and world economic systems. Students take these courses to:

  • Meet general education Social and Behavioral Sciences Requirements. ECN100, 211, 212, or 160 are especially recommended.
  • Meet historical awareness requirement at ASU Main and ASU west campus with ECN160.
  • Provide Needed Background for other careers especially in Business and Engineering, Social Work and Journalism. ECN211 or 212 are typically recommended or required.
  • Prepare for transfer as an Economics Major at a four-year institution. Degrees in economics may be offered in the Liberal Arts College, the Business College, or both, depending on the institution. Students should consult the catalog of the relevant transfer institution.

Economists research conditions affecting the production, distribution, and consumption of goods and services. They evaluate and forecast business trends, guide monetary policy, and evaluate results of financial, governmental, and business policies. Areas of specialization include labor, fiscal management, agriculture, industry, and social welfare. Related careers are in labor relations, public administration, consulting, foreign diplomacy, and investment counseling.

With the increased reliance on scientific methods of analyzing business trends, forecasting sales, and planning purchases and production operations, employment of economists can be expected to increase. In order to work in the field, a graduate degree is likely to be required.

Recommended courses for potential majors are:

ECN211 and 212
GBS221, MAT212 or MAT220, MAT225

A broad background in social sciences, history, and philosophy is strongly recommended.

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Course Descriptions

Course Availability: (F) Fall, (S) Spring, (D) Day, (E) Evening, (Su1) Summer 1, (Su2) Summer 2, (O) Occasionally

Economics (ECN)

ECN100
Economics in American Society / 3 credits 3 periods

Selected principles of macroeconomic and microeconomic analysis. Recommended as a social science elective and for some paraprofessional programs. Not for business transfer students; credit will not be granted if ECN111 or ECN112 has been completed. Prerequisites: None. (F)

ECN160
Economic History of the United States / 3 credits 3 periods

A description of the trends of American population, industry, and wealth through examination of major American institutions, historical events, and economic thought. Emphasis on the roles of technology and natural resources in agriculture and industry, the labor force, the monetary system, market structures, and the economic impact of government. Prerequisites: None. (F)

Recommendations: Eligibility for ENG102.

ECN211
Macroeconomic Principles / 3 credits 3 periods

A descriptive analysis of the structure and functioning of the American economy. Emphasis on basic economic institutions and factors that determine national income and employment levels. Consideration given to the macroeconomic topics of national income, unemployment, inflation and monetary and fiscal policies. Prerequisites: None. (F,S,D,E,Su1,Su2)

Recommendations: Eligibility for ENG101 and MAT122.

ECN212
Microeconomic Principles / 3 credits 3 periods

Microeconomic analysis including the theory of consumer choice, price determination, resource allocation and income distribution. Includes noncompetitive market structures such as monopoly and oligopoly; and the effects of government regulation. Selected issues are examined. Prerequisites: None. (F,S,D,E,Su1,Su2)

Recommendations: Eligibility for ENG101 and MAT122.

ECN298
Special Projects / 1-3 credits

Organized and tailored around the interests and needs of the individual student. Structured to provide an atmosphere of individualized research and study paralleled by professional expertise and guidance. Professional-type facilities and equipment available for student use. Allows the best aspects of independent study and individualized learning to be combined to maximize student development. Prerequisites: Permission of Program Director or instructor.

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