SLCC General Catalog 2013-2014

Economics AS

Associate of Science (AS)
63 credits minimum

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Program Description

The study of economics deals with the issue of scarcity. Questions on what to produce, how goods and services will be produced and how produced goods and services are distributed in society, represents the kinds of questions economists deal with on a daily basis. In other words, economics explores how we use scarce resources to satisfy unlimited wants in society. The study of economics utilizes historical data, theoretical models and empirical evidence to explain the behavior of individuals, firms and nations in producing and consuming goods and services.

Economics allows students to think critically, analyze complex problems and apply solutions to real world problems. Economics provides students the foundation for various academic and professional endeavors. Professionals in management, law, education, government, finance and international affairs use economic analysis. Employers and graduate schools often seek individuals with an understanding of economics.

Career Opportunities

Opportunities in the field of economics are broad and diverse. They include, but not limited to: government (federal, state, local) and private industry. Specialties can be pursued in consulting, research, and finance. Economists can specialize in a particular industry such as healthcare, transportation, or energy. Nearly all industries employ economists.

Transfer/Articulation Information

Economics programs at four-year colleges and universities are housed in social science and business schools with varying requirements. For transfer to Economics at Utah State University, Weber State University, or Southern Utah University, students should see the Business Advisor for efficient transfer planning.

Estimated Cost for Students

Varies with course selection and credit hours.

Estimated Time to Completion

If students follow the suggested semester schedule, time to completion is four semesters.

Specialized Accreditation

The Economics program at SLCC is accredited by the Association of Collegiate Business Schools and Programs (ACBSP). Accreditation represents the achievement of meeting high national standards established for Associate Degree granting business programs and facilitates transfer of credits to four-year universities and colleges.

General Education Requirements

Core Skills:

Composition (EN) 6 Credits

Course

Credits

Semesters

Prerequisite

ENGL 1010

Intro to Writing

3

A

WRTG 0990 w/C grade or better or appropriate Accuplacer score

ENGL 2010

Intermediate Writing

3

A

ENGL 1010 w/C grade or better

Quantitative Literacy (QL) Choose One Course (4 Credits) From The Following

Course

 

Credits

Semesters

Prerequisite

MATH1050

College Algebra

4

A

RDG 0990; within the last year MATH 1010 w/C grade or better or appropriate Accuplacer score

OR

 

 

 

MATH1090

College Algebra Business

4

A

RDG 0990; within the last year MATH 1010 w/C grade or better or appropriate Accuplacer score

American Institutions (AI) Choose 3 Credits From One Of The Following

Course

Credits

Semesters

Prerequisite

ECON 1740

Econ History of US

3

A

RDG 0990 w/C grade or better or appropriate Accuplacer score

HIST 1700

American Civilization

3

A

RDG 0990 w/C grade or better or appropriate Accuplacer score

POLS 1100

US Govt & Politics

3

A

RDG 0990 w/C grade or better or appropriate Accuplacer score

Institutional Requirements:

Lifelong Wellness (LW) 1 Credit

Student Choice (IN Or Depth) 3 Credits

Distribution Areas:

Choose one course (three credit hours) from each of the following distribution areas.  One of the courses must also be a Diversity course (DV).

Course

Credits

 

 

Biological Science (BS)

3-4

 

Fine Arts (FA)

3-4

 

Humanities (HU)

3

 

Interdisciplinary (ID)

3

 

Social Science (SS)

3

 

Physical Science (PS)

3

 

NOTE: Students may use ECON 1600 to fulfill General Education or program course elective, but not both.

Required Courses: (13 Credits)

Course

Credits

Semester

Prerequisite

ECON 2010

Microeconomics (SS)

3

A

 

ECON 2020

Macroeconomics (SS)

3

A

 

BUS 1100

Calculus for Bus

3

A

MATH 1050 or MATH 1090

MGT 2040

Bus Statistics I

4

A

MATH 1010 or FIN 1380, and CIS 1020

 

Economics Electives: (Select 6 Credits From The Following)

Course

Credits

Semesters

Prerequisite

ECON 1600

Intro Economic Systems

3

F, Sp

 

ECON 2100

Labor Economics

3

F, Sp

ECON 2010

ECON 2200

Money & Banking

3

Sp

 

ECON 2250

Environmental Economics

3

F, Sp

 

ECON 2400

Interntl Econ/Finance

3

F

ECON 2010 or ECON 2020 (may be taken concurrently)

Electives:

Complete 15 credits from any college course numbered 1000 or above including Economics, Finance, Management

and Business courses.

Sample Schedule

1st Year Schedule

Fall Semester

Spring Semester

ECON 2010

3

BUS 1100

3

ENGL 1010

3

ECON 2020

3

AI

3

Distribution (2)

6

Student Choice

3

ELEC

3

MATH 1050/1090

3-4

 

 

Total

15-16

Total

15

2nd Year Schedule

Fall Semester

Spring Semester

ECON ELEC

3

ECON ELEC

3

ENGL 2010

3

Distribution (2)

6

MGT 2040

4

HLAC

1

Distribution (2)

6

ELEC

7

ELEC

3

Total

19

Total 

17

Advising Notes

Students considering an Economics major may want to take ECON 1010 (Economics as a Social Science) as an introduction to the field. ECON 1010 will count toward the Social Science General Education requirement.

The Department recommends completion of the College Algebra requirement before second year Economic courses are taken.

Students transferring to Westminster College Economics BS degree should take PHIL 1130, ACCT 2010.

Students transferring to University of Utah Business minor should take ACCT 2010, ACCT 2020 and BUS 1050.

Cooperative Education is the college’s strategy for recognizing and rewarding new learning associated with study-related employment in a business, industrial or government work environment. Credits earned from Finance or Management 2000 are applied toward Economics in the ‘Other Elective’ category. Contact CO-OP Education at 801-957-4014.

The semester in which courses are taught are listed below. Students should check the semester class schedule for day/evening availability and modifications caused by varying enrollment. It is the student’s responsibility to examine each course description for details of prerequisite classes. Those prerequisites must be satisfied before the designated class may be taken.

Students who wish to take the CIS 1020 (Computer Essentials) challenge exam are advised to review the information at
www.slcc.edu/CIS. An 80% or higher is required on each section of the test. Once the exam is passed a P is posted to the transcript and credit is awarded.

 

Program Student Learning Outcomes

Related College-Wide Student Learning Outcomes

  • Prepare personal financial management docs.
  • Perform steps of financial planning and investments.
  • Identify financial service products and lending criteria.
  • Perform steps to evaluate personal and corporate credit financial analysis.
  • Perform steps of macro and micro economic analysis.

1 – Substantive Knowledge

  • Communicate effectively in writing.
  • Communicate effectively while working in groups.
  • Communicate effectively numerically.

2 – Communicate Effectively

  • Perform appropriate financial calculations.
  • Solve problems using the time value of money.
  • Perform macro and micro economic calculations.

3 – Develop Quantitative Literacy

  • Extract relevant data from complex information, process it, and draw reasonable conclusions.

4 – Think Critically

  • Understand the political, historical, social, and economic foundations of the local, national, and global communities.
  • Engage in principled and vigorous dialogue.

5 – Civic Engagement and/or Working Professionally

Department Contact Info

Accounting, Economics and Finance Division

Taylorsville Redwood Campus
Business Building (BB) 105

General Information
801-957-4073

Program Information
801-957-4325

Economics Program

Academic Advisor
Business Building (BB) 130A
801-957-4286

Program Faculty

Professors
A. Marlon Andrus
Joseph R. Howell
K.T. Magnusson

Associate Professors
Dennis Wilson

Assistant Professors
Lew Jeppson
Rungrudee Suetorsak
Heather A. Schumacker

Instructors
Dennis R. Watson