Economics - Foothill College

Economics from Foothill College is a Campus Associate Economics degree that prepares you for a Business career. Economics is the study of how society allocates scarce resources (land, labor, capital) in an attempt to satisfy unlimited wants. It is broadly divided into two branches: Macroeconomics and Microeconomics. Macroeconomics is concerned with the workings of the economy as a whole. It is the study of broad measures of economic performance: Gross Domestic Product (GDP), unemployment, and inflation. Given these measures, it considers the role of the government in guiding the macroeconomy. Microeconomics, on the other hand, focuses on the role of individual decision-makers - consumers and firms ? and analyzes the efficiencies and failures of a market system. The role of the government in correcting inefficient market outcomes is then considered. The two branches approach the fundamental questions of resource allocation from opposite sides: one from the perspective of the economy as a whole (macroeconomics) and one from the perspective of the individual agents in the economy (microeconomics). Career Opportunities A major in economics is excellent undergraduate preparation for students who wish to enter the legal profession, politics, government service or teaching. Graduate degrees are necessary for those who wish to teach at the college or university level. Graduate degrees in economics also afford opportunities for banking careers at the higher management levels and in the fields of securities analysis, finance and, increasingly, in the fields of international finance and international trade. An economics major is highly recommended for entry into Master of Business Administration programs. Statistics and calculus are strongly encouraged for students intending to pursue a baccalaureate degree in Economics. View more details on Foothill College . Ask your questions and apply online for this program or find other related Economics courses.