Program: Economics

Overview

Economics

An economics major is preparation for general education, good citizenship and literate participation in a market oriented life.

Not sure if an economics major is for you? Try an econ class. All economics courses are a part of required or elective offerings for an Associate of Arts degrees for many disciplines.  Economics courses satisfy many major or graduation requirements and appear in Plans A, B, and C on the Intersegmental General Education Transfer Curriculum (IGETC). Econ also has two Certificates of Accomplishment that provide documentation of a battery of knowledge for students looking for internships, jobs, or strengthening a resume. 

The Economics program (AAT in Economics) offers students a comprehensive education in the theoretical as well as practical applications of the discipline. The mission of this program is to prepare students for transfer to university. This program fulfills the general requirements of the California State University transfer system.

Career Opportunities

Economics is consistently rated among the top most employable and among the top ten best paying degrees.  But as any good economist will tell you; it is not always about more money, but rather more opportunity. Economists work for big or small firms, in the public or private sector, with non-profits and for-profit firms. Economists work everywhere in firms: accounting, advertising, finance, management, marketing, production, research and development, and sales.
 

Degrees & Certificates

Economics (AA-T) Curriculum Guide
Business (AA + Cert.) Curriculum Guide

Explore the degrees and certificates offered by Economics Program.

Associate in Arts in Economics for Transfer Degree (AA-T)

Plan Code: 5018B/C – The Associate Degree for Transfer in Economics provides systematic knowledge of the nature and scope of economics with a diverse academic regimen and practical application. The study of economic concepts and theories with concentrations that include: Macroeconomic Analysis, Microeconomic Analysis, Contemporary Economic Issues, and The Global Economy. In addition, an economics major is preparation for general education, good citizenship and literate participation in a market-oriented life.

The Economics program (AA-T in Economics) offers students a comprehensive education in the theoretical as well as practical applications of the discipline. The degree offers a variety of economics and business courses that aid in familiarizing students with the diverse subfields in the area of Economics.

The mission of this program is to provide a definitive course of study in economics to a diverse population of students, ultimately preparing those students for transfer to university. This program in economics is a diverse academic, theoretical and practical, major that is applicable to everyday life, which further fulfills the general requirements of the California State University transfer system.

PROGRAM STUDENT LEARNING OUTCOMES:

  • Ensure that 85% of all courses meet or exceed their outcome/assessment goals and develop appropriate action plans for continuous improvement.
  • Develop strategies throughout all Economics courses to enhance the development of our students’ critical-thinking skills: their ability to reason, ask appropriate questions, make strong decision and communicate/collaborate effectively and efficiently.
  • Improve the levels of success and retention for students of the Economics program.

Certificate of Accomplishment, Business Economics

Plan Code: 4145 – The Business Economics Certificate of Accomplishment will prepare a student to continue toward the attainment of an Associate Degree and/or for an entry-level position in a small/medium-sized business, in functions such as accounting, finance or budget planning. Additionally, this may prepare the student for a variety of starting positions in government planning.

Certificate of Accomplishment, Money & Banking

Plan Code 4144 – The Money & Banking Certificate of Accomplishment will prepare a student to continue toward the attainment of an Associate Degree and/or for an entry-level position in a small/medium-sized business in a financial or banking industry, and in functions such as accounting and budget planning.

Course offerings

View courses offered in different semesters to assist in academic plannings.

Course Name   Fall   Winter Spring Summer

ECON 1
Macro Economics

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ECON 1H
Macro Economics Honors

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ECON 2
Micro Economics

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ECON 2H
Micro Economics Honors

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ECON 3
General Concepts in Economics

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ECON 4
Contemporary Economic Issues

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ECON 5
The Global Economy

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Course descriptions

IN OUR OWN WORDS – Course reflection written by LBCC faculties to provide students insight about our Business classes.


ECON 1 – MACRO ECONOMIC ANALYSIS

Macroeconomics explores the “big picture” in economics. We look at economy-wide phenomena like Gross Domestic Product, (“GDP”), (the value of all goods/services produced in the United States in one year).  We study unemployment, inflation, monetary and fiscal policy. We delve deeper into the meaning of these terms that are often reported on the news and used as data points to determine the current state of the economy.  We study how the government can intervene to stimulate economic growth or to slow economic growth/inflation in the economy by using fiscal policy (government spending and taxation). 

We also look at the monetary tools of the Federal Reserve (“The Fed”).  The Fed controls the money supply, which has a direct effect on interest rates across the economy.  Finally, we study global economics examining trade between countries and the financial mechanisms that impact global trade. This course should be taken by students (and voters) of all disciplines as it provides insight into how economic data is used to formulate government policies to change economic outcomes.

ECON 2 – MICRO ECONOMIC ANALYSIS

In Micro Economic Analysis, we will study decision-making by individuals, firms and the government.  Microeconomics is about how we make choices under conditions of scarcity.  We explore how prices and quantities are determined in markets using the theory of supply and demand.  Next, we apply the supply and demand model to evaluate how different situations can affect markets.  For example, we look at how taxes affect prices and quantities in markets or how price controls (prices set by government) may distort outcomes in markets resulting in less efficiency.  We also analyze what happens when markets fail to produce the best possible outcome for society, such as when firms have too much market power and can influence market prices, known as a monopoly. 

When a firm has monopoly power it controls the entire market and can set prices.  We also examine issues when costs to society are not considered in the market process that may result in externalities.  We also look at the labor market and study how wages are determined, as well as, factors that cause wages to differ in various labor markets.  Lastly, we study income inequality and how the government uses the income tax structure (tax brackets) to create more fairness in the economy.  This class is important for all students interested in understanding market decisions, market efficiency, and how economists study what is best for society. 

ECON 3 – GENERAL CONCEPTS IN ECONOMICS

Econ3 is an economics course for non-economics majors.  If you are unsure what economics is all about, this may be the perfect class for you.   This course does not include extensive mathematics but it is a transferable course for non-economics majors, and can satisfy a general education requirement. 

This course covers topics in Introductory Microeconomics, in which you can learn about both business choices and consumer choices.  You will also learn about different types of markets, business revenues, costs, production and resources used by business. 

The second half of the course will introduce you to topics of macroeconomics, which is the study of how the government and the central bank make choices which impact the economy.  

ECON 4 – CONTEMPORARY ECONOMIC ISSUES

Contemporary Economic Issues is a mash-up of Sociology and Economics. If you love learning about environmental, institutional, and multicultural issues this is the course for you! In this class you will gain an understanding of the role economics plays, as a social science, in shaping the causes, effects, and policies of social issues. 

The instructional emphasis is on the relationship of the basic tools of economic analysis and their application to current economic problems. This class is recommended for  students in business, the social sciences and liberal arts with an interest in Sociology, Economics, Political Science, Marketing and Tourism. 

ECON 5 – THE GLOBAL ECONOMY

Econ5 is a mash-up of Geography and Economics. If you are interested in learning about the economic, cultural, political, and environmental perspective of different places around the world, this is the class for you! Topics covered include global flows of information, capital and labor, and regional inequalities such as income distribution, poverty, discrimination and standards of living. 

This class is for students in business, the social sciences and liberal arts who are interested in global and international issues, including regional and social inequalities, marketing and international trade and tourism.  

FAQ

Do the Department of Business Administration & Economics faculty have real-world business experience? 

Yes, nearly every member of our faculty has a strong professional background in their concentration.  

How long does it take to complete the program?

Depending on the number of units you take and whether you are a full-time or part-time student, completing a certificate program can take as little as one semester and completing an associate degree program can take about two years.

Make a 30-minute appointment with an academic counselor to receive services in educational plans, transcript evaluation, and career planning.

How much does the program cost?

Please visit Financial Aid for tuition cost and Federal Work Study information.

Who are the Career & Technical Education (CTE) counselors?

Schools/Program Counselor Location
Career & Technical Education Alicia Andujo LAC
Career & Technical Education Lorraine Blouin LAC
Career & Technical Education Laura Garcia LAC
Career & Technical Education Diana Ogimachi LAC
Career & Technical Education Robert Olmos PCC
Career & Technical Education Tom To PCC

Please visit the Counseling Office for Academic Counseling, Career Exploration, Educational Planning, College Transfer, Student Resources, and many others to help you achieve your educational goals.

What is the difference between a transfer degree (AA-T/AS-T) and a traditional AA/AS degree?

  • The traditional AA-Business degree has been designed for those who are in pursuit of an Associate degree with a stronger and more immediate career focus, such as securing a job opportunity or a job promotion.  Since most of the courses on this degree are transferable to a baccalaureate granting institution, you will still have the opportunity to complete your bachelors degree when the time is more appropriate.  This degree offers 5 distinct career paths – accounting, general business, international business, management and marketing. 
     
  • The CSU transfer degree has been developed as a fast-track degree for transfer into the CSU system.  The course requirements for the transfer degree have been developed as a collaborative effort by Community College and CSU faculty and this degree will help you to create a clear path from LBCC to a CSU campus, once you have met the stated requirements, which can be found in the Curriculum Guide section.  We offer both an AS-T in Business Administration and an AA-T in Economics. 

What is the difference between a certificate of achievement and a certificate of accomplishment? 

  • Completion of a Certificate of Achievement can be an end in itself or can, after completing the necessary GE requirements, lead to the attainment of one of our Associate degrees.   
     
  • The Certificates of Accomplishment are lower unit certifications (usually 9-12 units) which are tied to a specific skillset and are generally used as stepping stones on the path to obtain a Certificate of Achievement and eventually to an Associate degree.  They can also be instrumental in career advancement. 

How do I receive my degree or certificate after I finish the coursework?

You will need to complete an application for your degree or certificate and submit that application to the LBCC Admissions & Records office. Visit Admissions & Records for more details.

HOW TO transfer & LOOK UP COMPARABLE COURSE LISTINGS

To help determine if courses taken at other schools are comparable to Long Beach City College courses, please visit LBCC Transfer Evaluation System (TES).

For more transfer information, please visit LBCC Transfer Center.