ECONOMICS
TRANSFER
Contact Person: Ivan A. Tschider • Schafer Hall 319I • 224-5571 Ivan.Tschider@bismarckstate.edu
Governments, businesses and individuals are continually making decisions regarding the allocation of their scarce resources. Economists study how they choose to use the scarce resources and the ramifications of their decisions.
Economics is commonly divided into two areas of study known as Microeconomics and Macroeconomics. Microeconomics is the analysis of the parts of an economic system including factors which influence supply and demand, price determination through supply and demand, profit maximization under different economic structures, efficiency and capital markets. Macroeconomics examines the economy as a whole and analyzes economic growth and development, aggregate levels of income and employment, inflation, fiscal and monetary policy and international trade.
Economics is a challenging field of study and students will learn to express information in a variety of ways and develop critical thinking skills while processing the information. The study of economics helps students to develop an analytical approach to thinking that will serve them in other courses of study and in their future endeavors.
Students who complete the requirements earn an Associate in Arts degree. Since programs at four-year colleges vary somewhat, students should consult the catalog of the college to which they plan to transfer and modify the following suggested curriculum.
Career Possibilities: Economist, Bank Officer, Financial Planner, Entrepreneur, Securities Broker, Investment Banker, Auditor, Insurance Analyst, Business Manager, Appraiser, Statistician, Research Assistant, Market Analyst, Real Estate Broker.
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