Economics is a social science that examines the functioning of markets, the determination of prices and distribution of income, and the determination of the overall level of income and rates of unemployment and inflation. In addition, Economics deals with various social problems. As a discipline the social sciences economics analyzes how a society makes resource allocation choices through the production and distribution of goods and services.
The appeal of economics lies in its application of theory and quantitative techniques to contemporary problems. Indeed, many students conclude that it would be difficult to be informed citizens without having at least a basic understanding of economics. Economics differs from the study of business in that its scope is broader and more analytical, encompassing the firm, labor and capital markets, consumer choice, and government economic policy. Economics is currently enjoying a surge in popularity nationwide as a choice of major among college students.
With today’s rapidly changing workplace, most people will change jobs several times during their careers. At Leighton University, the major in Economics is designed to provide students with a liberal education with special emphasis on the economic aspects of society; on familiarization with techniques for the analysis of contemporary economic problems; and on developing the ability to think critically, to conceptualize and to possess the communication and computer skills to evaluate private and public policy issues. The goal of the major is to provide students with a rational basis for understanding and evaluating the operation of American and other economies and to assist them in the formation of intelligent, informed, and critical judgments on relevant issues of public and private concern.
The Associate of Arts in Economics is designed to enable a student to transfer to a four-year college/university, this degree emphasizes student completion of 42-46 hours of general education, 12 hours in an area of concentration, and 4-8 hours of electives.
Associates of Science – Economics
Program Length: 65 credit hours
Accepted Transfer Credits: 45 Credit hours
Program Goal and Objective
- Demonstrate the ability to evaluate and understand risk, returns, portfolio theory, capital budgeting, dividend policy and long-term financing decisions, liquidity and concepts for planning and measuring profitability.
- Demonstrate the ability to understand the uses of accounting information by managers, investor and creditors including hands-on learning techniques.
Demonstrate the ability to understand accounting for manufacturing including cost accumulation for inventory and income determination, pricing techniques and capital budgeting decisions. - Demonstrate the ability to use accounting concepts and techniques essential to the administration of business enterprises and accounting cycle and financial statement presentations.
Critical Graduation Information:
To earn a degree, all students must:
- Earn a minimum total of 65 credits, excluding credits below the 100-level
- Meet the general education requirements referenced here.
- Earn a minimum of 20 credits from Leighton University to meet degree requirements.
- Have earned a grade of ¨C¨ or better in order to apply transfer credit from an accredited institution.
- Have a minimum cumulative GPA of 2.0 in order to graduate.
- Must have paid in full all current debts to the University.
ADMISSION
Program Admission Requirements
To gain admission to the Program, an applicant must first complete the University’s Application for Admission form, along with the required $18.00 application fee (an additional $35.00 fee is assessed for applicants seeking transfer credit). All payments submitted for tuition and fees must be payable in U.S. dollars. Payments may be made in US dollars by check , money order, or credit card. Applicants must provide verification of High School graduation, GED, or the equivalency
Foreign Applicants and Applicants with International Credentials
Applicants whose native language is not English and who have not earned a degree from an appropriately accredited institution where English is the principal language of instruction must receive a minimum score of 500 on the paper-based Test of English as a Foreign Language (TOEFL PBT), or 61 on the Internet Based Test (iBT), or a 6.0 on the International English Language Test (IELTS).
Transcripts not in English must be evaluated by an appropriate third party and translated into English or a trained transcript evaluator fluent in the language on the transcript. For more information on TOEFL visit the website: www.ets.org/toefl
Foreign Degree Evaluation
Applicants wishing to transfer in credits or degrees earned at institutions located outside the United States must have their academic transcripts evaluated and certified by World Education Service (WES) or any organization recognized the by the National Association of Credential Evaluation Services, Inc.(NACES). Applicants will be assessed a fee by the certifying organization and should request that the report be sent directly to Leighton University.