{"@id":"https://credentialengineregistry.org/resources/ce-11261675-a6ba-47b0-b1f0-0dd8f68bd66e","@type":"ceterms:AssociateOfArtsDegree","@context":"https://credreg.net/ctdl/schema/context/json","ceterms:ctid":"ce-11261675-a6ba-47b0-b1f0-0dd8f68bd66e","ceterms:name":{"en-US":"Economics, AA-T - Associate Of Arts Degree"},"ceterms:ownedBy":["https://credentialengineregistry.org/resources/ce-02f4781d-c9ba-41bf-9eb6-ef71692eb19b"],"ceterms:requires":[{"@type":"ceterms:ConditionProfile","ceterms:name":{"en-US":"Requires"},"ceterms:description":{"en-US":"Condition for Economics, AA-T - Associate Of Arts Degree"},"ceterms:targetCompetency":[{"@type":"ceterms:CredentialAlignmentObject","ceterms:framework":"https://credentialengineregistry.org/resources/ce-8d2b37a8-1383-42d1-bcd7-4119ba963517","ceterms:targetNode":"https://credentialengineregistry.org/resources/ce-8cfa0b06-8be1-4aef-87dc-bb572aafdd60","ceterms:frameworkName":{"en-US":"Economics, AA-T Program Learning Outcomes"},"ceterms:targetNodeName":{"en-US":"Students will be able to employ economic reasoning to explain the world around them and make objective decisions based on assessments of costs and benefits."}},{"@type":"ceterms:CredentialAlignmentObject","ceterms:framework":"https://credentialengineregistry.org/resources/ce-8d2b37a8-1383-42d1-bcd7-4119ba963517","ceterms:targetNode":"https://credentialengineregistry.org/resources/ce-18e34452-35d3-47bf-9cc9-966d048a8e8a","ceterms:frameworkName":{"en-US":"Economics, AA-T Program Learning Outcomes"},"ceterms:targetNodeName":{"en-US":"Students will have a working understanding of the role of prices in a market economy, the benefits of trade, economic growth and stability, market structures and competition, market failures, and the economic role of government."}}]}],"ceterms:inLanguage":["en"],"ceterms:description":{"en-US":"Economics is the study of how society allocates scarce resources such as land, labor, and 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, unemployment, and inflation. Microeconomics focuses on the role of individual decision-makers-consumers and firms-and analyzes the efficiencies and failures of a market system. The two branches approach the fundamental questions of resource allocation from opposite sides: one from the perspective of the economy as a whole and one from the perspective of the individual agents in the economy.\nThe Associate in Arts in Economics for Transfer degree prepares students for transfer to California State Universities (CSUs). Students who complete the Associate in Arts in Economics for Transfer degree will be ensured preferential transfer status to CSUs for economics majors and majors in related disciplines. The Associate in Arts in Economics for Transfer degree requirements will fulfill the lower division major requirements at many CSUs. Students are advised, however, to meet with a counselor to assess the course requirements for specific CSUs."},"ceterms:subjectWebpage":"https://catalog.foothill.edu/degrees-certificates/economics-aat","ceterms:credentialStatusType":{"@type":"ceterms:CredentialAlignmentObject","ceterms:framework":"https://credreg.net/ctdl/terms/CredentialStatus","ceterms:targetNode":"credentialStat:Active","ceterms:frameworkName":{"en-US":"Credential Status"},"ceterms:targetNodeName":{"en-US":"Active"},"ceterms:targetNodeDescription":{"en-US":"Awards of the credential are ongoing."}}}