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.
Image of Diana L. Fortier

Diana L. Fortier

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

Teaching Philosophy

Education, whether formal or informal, is a process of learning that involves interaction between the teacher and the student. It is the role of the teacher to provide this environment conducive to learning and guidance, but it is the students' responsibility to participate. The analogy I use is that learning is a participatory sport not a spectator event; it is active rather than passive. Opportunity should be given for active learners to make decisions about the learning process - what topic to research, what role to play in the group project. Moreover, an active learner must be challenged to use his mental abilities. I start my classes by letting students describe what they already know about the topic through a personal example or by answering a question I pose. Then I translate their words into the language of economic concepts and terminology. The final step is for students to apply the concepts to a current social/political issue, problem set, experiment or exercise that illustrates the concepts learned. Through the mastery of the basic economic concepts a successfully educated student will have learned how to find and interpret information, think critically, communicate and logically support their opinions. They should leave the class economically literate and be able to view, interpret and understand our ever changing world from an economic perspective; and moreover provide a positive influence in this change.

Education

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

Training

Certified Phi Theta Kappa Leadership Instructor

WCC CTLT sessions

ILCCO Learning Academcy: Teaching in the Community College

Foundation for Teaching Economics

Performance Learning Systems

Experience

 Regulatory Economist Federal Reserve Bank of Chicago

ILLCO Learning Academy development of online collaborative learning course

Adjunct Faculty WCC 1996-2000

Full-Time Faculty WCC 2000- present

Awards
Waubonsee Community College Teacher 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

Organization Memberships
American Economic Association (AEA)

Midwest Economic Association (MEA)

Illinois Economic Association (IEA)

National Business Educators Association (NBEA)

Illinois Business Educators Association (IBEA)

 

Past and present committee memberships

Business Competition Day
Calendar Committee

Curriculum Council

ECAT
ETAG

FDLET

Foundations of Excellence

IST

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

Presentations

Midwest Conference on Student Learning in Economics
Illinois Economics Association

MEA Conference in Milwaukee
WCC: Center for Teaching and Learnng and Faculty Orientations
American Economics Associaton
Southern Economics Association
Bank Structure and  Competition Conference: Federal Reserve Bank of Chicago

 

Publications

"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)

Courses

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 PDV110

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)

Basic Economic Principles from The Global Association of Teahers of Economics (GATE) 

 *People choose

 *All choices involve costs 

*People respond to incenetives inpredictable ways

* Economic systems influence Individual choices and Incentives

*Voluntary Trade Creates Wealth 

*The consequences of Choices Lie in the Future

 

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  



CONTACT INFO

Faculty Office: APC 281
Sugar Grove Campus
Faculty Office : 630/466-2747
dfortier@waubonsee.edu

Office Hours:

Fall  2014:

Mon. & Wed. 8:15am - 9:15 am Aurora Campus 344

Tues. & Thurs. 8:15 am -9:15 am and Tues. 12:30 pm -1:30 pm Sugar Grove APC 281

Other times by appointment either online or in the office.