The views and opinions expressed on these pages are those of the developer and not necessarily those of Waubonsee Community College, its Trustees, or its administration.
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Diana L. Fortier

Social Sciences, Education and World Languages
Professor of Economics/Business

Teaching Philosophy

The goal of education is to improve the learner’s quality of life and to benefit society. As an economics professor, my students learn that economics is the allocation of scarce resources to meet individual and societal needs.  This means choices must be made, from small everyday decisions to major life changing decisions.  Education develops rational decision-making skills.

Education, whether formal or informal, is an active process of learning that involves interaction between the teacher and the student, and among students. As the educator and leader, it is my role to encourage and facilitate participation in an active teaching and learning environment. My classes begin with students relating a new economic topic to their personal experiences. Then through questioning and discussion, the experiences are translated into economic theory. Finally, students apply economic concepts to an individual or societal problem. The objective is to develop critical thinking skills through an analysis of costs and benefits of various solution options. Students will learn how to find and interpret information, think critically, and logically support and clearly communicate their decisions. Through this process, students also learn to understand and respect differing opinions.  Upon completion of my courses, students should be able to understand our ever changing world from an economic perspective and make better decisions. Moreover, each student will be a more educated individual with a greater ability to provide a positive influence on society.

Education is the most powerful weapon which you can use to change the world." Nelson Mandela


Northern Illinois University, De Kalb, Illinois
Master of Arts in Economics

Rockford College, Rockford, Illinois
Bachelor of Arts in Economics, Emphasis in Spanish (Summa Cum Laude)

Continuing Education, Training and Experience

University of Illinois

Rockford College

Illinois State University

Aurora University

University of La Verne

University of Colorado


Certified Phi Theta Kappa Leadership Instructor

WCC CTLT sessions

ILCCO Learning Academcy: Teaching in the Community College

Foundation for Teaching Economics

Performance Learning Systems


Full-Time Faculty WCC 2000- present

Adjunct Faculty WCC 1996-2000

Text Book reviews: McGraw-Hill Irwin, Pearson, and Addison Wesley

ILLCO Learning Academy development of online collaborative learning course

Regulatory Economist Federal Reserve Bank of Chicago

Awards and Recognitions

WCC Leadership Academy Tier 1 and Tier 2 Completer

2008 NISOD (National Institute for Staff & Organizational Development) Excellence Award recipient 

Waubonsee Community College Faculty of the Year 2007
Who's Who Among Teachers, 03-04, 04-05
Phi Theta Kappa Hall of Honor Advisor
Phi Theta Kappa Honorary Member for distinguished service  

Organization Memberships
American Economic Association (AEA)

Midwest Economic Association (MEA)

Illinois Economic Association (IEA)

National Business Educators Association (NBEA)

Illinois Business Educators Association (IBEA)


Current Committee Memberships and Roles

Outcomes Advisory Council 

National Society of Leadership and Success Advisor

Leadership Academy Advisory Council 

Adjunct Faculty Advisory Taskforce 

Leadership Academy Facilitator

Past Committee Memberships and Roles 

CTLT Faculty Liaison

Foundations of Excellence Co-Liaison

Outcomes Ambassador

Leadership Academy Liaison

Business Competition Day

Calendar Committee

Curriculum Council



Foundations of Excellence


Phi Theta Kappa Faculty Advisor 2000-2006
Quality Team
Student Conduct Board
Student Success Committee
Scholarship Committee
TOP Team

Textbook review: McGraw-Hill Irwin, Pearson Addison Wesley 


American Association of Community Colleges

Midwest Conference on Student Learning in Economics
Illinois Economics Association

Illinois Community College Faculty Association

Midwest Economics Association Conference 
WCC: Center for Teaching,Learnng and Technology, and Faculty Orientations
American Economics Associaton
Southern Economics Association
Bank Structure and Competition Conference: Federal Reserve Bank of Chicago



"Hostile Takeovers and the Market for Corporate Control," Economic Perspectives, Federal Reserve Bank of Chicago, January/February 1989

"Buyouts and bondholders," Chicago Fed Letter, No. 17 January 1989.

"The Impact of Highly Leveraged Transactions on Bondholders, Presentation at the 59th Annual Conference of the Sourthern Economic Association, Nov. 19, 1989. (coauthored)

"Geographic Deregulation, Banking and the Public Interest," Issues in Bank Regulation, Bank Administration Institute, Spring 1988. (coauthored)

"Bank risk from nonbank activities," Economic Perspectives, Federal Reserve Bank of Chicago, July/August 1988 (coauthored)

"Reevaluation of the Structure-Conduct-Performance Paradigm in Banking," Journal of Financial Services Research, 1: 277-294 (1988) (coauthored)

"The impact of geographic expansion in banking: Some axioms to grind," Economic Perspectives, Federal Reserve Bank of Chicago,May/June 1986 (coauthored)

"Bank and Thrift Performance Since DIDMCA," ," Economic Perspectives, Federal Reserve Bank of Chicago, September/October 1985 (coauthored)

"Bank mergers today: New guidelines, changing markets," Economic Perspectives, Federal Reserve Bank of Chicago,May/June 1984 (coauthored)

"Antitrust and Banking - Written and Revealed Standards," Issues in Bank Regulation, Vol.7 No. 3 (Winter 1984) (coauthored)

"Justice's Merger Guidelines: Implications for 7th District banking," Economic Perspectives, Federal Reserve Bank of Chicago, September/October 1983 (coauthored)


Principles of Macroeconomics ECN121 (Face-to-face, online)

This course provides an introduction to basic economic principles and the principles of macroeconomics. Topics include demand and supply national income accounting, fiscal and monetary policy economic systems and economic growth, income distribution, and international trade, as well as applications to relevant current economic issues. IAI: S3 901.

Principles of Microeconomics ECN122 (Face-to-face, online, telecourse) ECN122

This course provides an introduction to basic economic principles and the principles of microeconomics. Topics include price theory and resource allocation, perfect and imperfect competition, antitrust policy and the economics of the labor market, as well as applications to relevant current economic issues. IAI: S3 902.

Contemporary Economic Issues

This course provides the non-economics major with the framework of basic economic concepts and models necessary to understand a variety of current social/economic issues and problems, and evaluate current or proposed policy solutions in the context of introductory economic analysis. Topics may vary by semester but may include domestic and world poverty, labor market discrimination, international trade and immigration, environmental policy, social security and health care, crime and drugs, education, and domestic and third world farm policy and agriculture. These problems and their solutions have unequal and inequitable impacts on society's diverse groups. Thus the analysis of domestic economic/social problems incorporates the perspectives of various racial, ethnic and gender groups. Additionally, the view of differing cultures and societies from industrialized to third world economies is incorporated into the study of topics such as international trade, poverty, farm policy economic growth, immigration and the environment. Note: This course can be used toward satisfying general education social and behavioral science requirements in transfer and applied science degrees. It is not intended for students planning to major or minor in economics or for students pursuing a bachelor's degree in business. IAI: S3 900.

Leadership Studies COL110

This course is designed to provide emerging and existing leaders the opportunity to explore the concept of leadership and to develop and improve their leadership skills. The course integrates readings from the humanities, experiential exercises, films and contemporary readings on leadership.

Why Major in Economics?

Economics for College Students

Career Opportunities for Economics Majors

Why do we Need Economists and the Study of Economics?

Economic Associations

American Economics Association (AEA)

Midwest Economics Association (MEA)

Illinois Economics Association (IEA)

National Business Education Association (NBEA)

Illinois Business Education Association (IBEA)

Key Principles of Economics: These five principles are central to all economic theory.

             The principle of opportunity cost states that the opportunity cost of something is what you sacrifice to get it. 

            The marginal principle states that any activity should be increased as long as the marginal benefits of the additional activity exceed the marginal costs.

            The principle of diminishing returns states that, in the short run, if use of one input is increased while all others are held constant, production will eventually increase                at a decreasing rate.

            The spillover principle states that certain activities create spillover costs or benefits that exceed the costs or benefits to the producers or consumers of that activity.

            The reality principle states that what matters to economic agents is the real value or purchasing power of money or income, not its face or nominal value. 

Source: Economics: Principles, Applications, and Tools, 8th Edition, Arthur O'Sullivan, Steven Sheffrin, Stephen Perez, Published by Prentice Hall, Copyright © 2014


Jokes about Economics and Economists 

 Quotes by Famous Economists

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. 

Milton Friedman

The constant effort towards population, which is found even in the most vicious societies, increases the number of people before the means of subsistence are increased. 
 Thomas Malthus  

If men do not now succeed in abolishing war, civilization and mankind are doomed. 
Ludwig von Mises  

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.
Paul A. Volcker   

All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth. 
Alfred Marshall 

In the long run we are all dead. 
John Maynard Keynes  

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded. 
Friedrich August von Hayek  

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another. 

Adam Smith  

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. 
Josehp A. Schumpeter  


Faculty Office: APC 281
Sugar Grove Campus
Faculty Office : 630/466-2747

Office Hours:

Spring 2016 Office Hours: 

Sugar Grove Campus: Tuesday 5:30 pm-6:30 pm; Tues. and Thurs. 10:45 am –11:45 am Sugar Grove Campus, APC 281.

Aurora Downtown Campus:  Mon. & Wed. 10:45-am–11:45 am Aurora Downtown Campus Rm 344 on Monday and Rm 210 on Wednesday.

Other times by appointment either online or in the office