12/21/2024 6:59:24 PM	ECON 1B Course Outline as of Fall 2002	Changed Course
CATALOG INFORMATION
Discipline and Nbr:  ECON 1B	Title:  PRINCIPLES OF ECON
Full Title:  Principles of Economics
Last Reviewed:10/28/2024

Units		Course Hours per Week			Nbr of Weeks	Course Hours Total
Maximum	3.00	Lecture Scheduled	3.00		17.5 max.	Lecture Scheduled	52.50
Minimum	3.00	Lab Scheduled	0		6 min.	Lab Scheduled	0
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	52.50
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  105.00

Total Student Learning Hours: 157.50

Title 5 Category:  AA Degree Applicable
Grading:  Grade or P/NP
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:

A continuation of the principles of economic analysis; business organization and finance, combinations and regulation; price theory and resource allocation; agriculture; income distribution and poverty; labor economics; international trade and finance; the world's poorer economies and alternative economic systems.  Emphasis is on microeconomics.

Prerequisites/Corequisites:
Econ 1A.

Recommended Preparation:
Eligibility for ENGL 1A or equivalent and MATH 150B or equivalent.

Limits on Enrollment:

Schedule of Classes Information
Description:

Survey of microeconomic concepts, principles & theory. Studies consumer demand, elasticity, business costs, revenues & profits, competitive market structures, monopoly, Antitrust law, & international trade & finance.

(Grade or P/NP)
Prerequisites:Econ 1A.
Recommended:Eligibility for ENGL 1A or equivalent and MATH 150B or equivalent.
Limits on Enrollment:
Transfer Credit:CSU;UC.
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:	Fall 1981	Inactive:
Area:	D	Social and Behavioral Sciences
CSU GE:	Transfer Area			Effective:	Inactive:
	D	Social Science		Fall 1981
	D2	Economics
IGETC:	Transfer Area			Effective:	Inactive:
	4	Social and Behavioral Science		Fall 1981
	4B	Economics
CSU Transfer:	Transferable	Effective:	Fall 1981	Inactive:
UC Transfer:	Transferable	Effective:	Fall 1981	Inactive:
C-ID:
CID Descriptor: ECON 201	Principles of Microeconomics	SRJC Equivalent Course(s): ECON2

Certificate/Major Applicable: Not Certificate/Major Applicable

COURSE CONTENT

Outcomes and Objectives:
At the conclusion of this course, the student should be able to:

The students will:

1.  Record in-class lecture notes and relate that information to the

   textbook.

2.  Define terms, identify economic institutions, and relate economic

   principles to practical and political problems.

3.  Recognize economic problems and discuss issues using economic

   principles to explain their reasoning.

4.  Voluntarily express their points of view during in-class discussions.

5.  Apply their knowledge of economic principles and institutions, not

   only within the context of academic assignments, but also in their

   everyday lives where working, spending and saving decisions are

   concerned.

6.  Practice the application of economic models to specific problems

   both real and hypothetical.

7.  Calculate mathematical solutions and diagram economic models.

8.  Demonstrate communication and analytical skill levels on examinations

   and in-class discussions.

9.  Question their own values and popular myths as well as conventional

   economic hypothesis.

10. Synthesize the ideas of economists and (from the synthesis) formulate

   their own  perceptions of how best to address the fundamental

   economic questions of what, how and for whom.

11. Assess the nation's economic performance from a microeconomic

   perspective and evaluate the efficiency of microeconomic policies

   directed toward the achievement of economic goals.

12. Research, organize information and data, and write a term paper

   on a current issue related to economics (optional and pertaining to

   above average and outstanding students).

Topics and Scope

1.  The theory of demand.

     A. The demand, revisited.

     B. Marginal utility theory and the equimarginal principle.

     C. Income and substitution effects.

     D. Price elasticity of demand and other elasticity concepts.

2.  The theory of the firm.

     A. Entrepreneurship.

     B. Production functions and the law of diminishing returns (in the

        short run).

     C. Cost functions and rising marginal costs (in the short run).

     D. The principle of profit maximization/loss minimization.

3.  American agriculture: an application of microeconomic theory.

4.  Industrial organization: the structure, conduct and performance

   of markets.

     A. Pure competition.

     B. Monopoly.

     C. Monopolistic competition.

     D. Oligopoly.

5.  Antitrust Law.

6.  International economics.

     A. The principal of comparative advantage.

     B. Protectionism.

     C. The balance of payments.

     D. International monetary systems and the determination of foreign

        exchange rates.

     E. The U.S. Trade Deficit.

     F. Third world economic issues and problems (optional).

Assignments:

1.  Read and study appropriate chapters in text.

2.  Approximately 3 homework problem sets to be prepared for review

   and in-class discussion.

3.  Frequently assigned end of chapter questions to be prepared for

   review and in-class discussion.

4.  Regular attendance and extensive notetaking is expected and assumed.

5.  Preparation for in-class, closed-book, no-notes examinations.

6.  Research paper (optional and pertaining to above average and

   outstanding students).

Methods of Evaluation/Basis of Grade.

Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.		Writing 70 - 90%
Essay exams, Term papers
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 0 - 0%
None
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 0 - 0%
None
Exams: All forms of formal testing, other than skill performance exams.		Exams 10 - 30%
IDENTIFICATION
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 0 - 0%
None

Representative Textbooks and Materials:

McConnell & Brue, Economics, 15th ed., McGraw-Hill Irwin 2001.

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