Associate of Arts in Economics in Los Altos Hills United States | Foothill College

Economics examines how societies distribute limited resources (such as land, labor, and capital) to meet boundless needs and desires. The field splits into two main areas: Macroeconomics and Microeconomics. Macroeconomics analyzes the economy's overall functioning, exploring key indicators like Gross Domestic Product (GDP), unemployment rates, and inflation. It also evaluates government policies aimed at influencing economic performance. Microeconomics, on the other hand, investigates the choices of individual consumers and businesses, assessing market efficiencies and shortcomings. It explores potential government interventions to address market imperfections. These two branches tackle resource allocation from different angles: macroeconomics looks at the big picture, while microeconomics zooms in on individual economic players. An economics degree provides strong undergraduate training for careers in law, politics, public service, or education. Advanced degrees are required for university-level teaching positions. Graduate economics qualifications also open doors to senior banking roles, securities analysis, finance, and growing opportunities in international finance and trade. Economics is particularly valuable for those considering Master of Business Administration programs. Students pursuing an economics bachelor's degree are advised to take statistics and calculus courses.