About the course
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 focuses on the role of individual decision-makers?consumers and firms?and analyzes the efficiencies and failures of a market system. The potential role of government to wholly or partially correct market failures 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). 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. Scholarships - View all scholarships Internships
Start dates and prices
Course fees are indicative and should be used as a guide. Speak to a counsellor to get an accurate price.
Duration: 4 Semester(s)Fees: Not available
How to apply
Entry requirements for Foothill College
TOEFL - 61 iBT (Foothill ETS code is 4315) or TOEFL PBT 500 or higher. IELTS - 6.0. Submit an official school transcript. If you are under 18 years old, you must submit proof of high school completion or equivalent. All documents must be in English or officially translated into English.
English language requirements
5.5
Overall IELTS band score
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TOEFL Internet based overall score: 61.0
Application deadline:
This date isn’t available – speak to an IDP counsellor to get detailed information.
Further information
Career outcomesIf you aren’t eligible for the above entry requirements, you might want to explore pathway options at Foothill College. If you want to find out more, please speak to our counsellors.
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