SRJC Course Outlines

11/18/2019 6:38:52 PMECON 1 Course Outline as of Summer 2019

Changed Course
CATALOG INFORMATION

Discipline and Nbr:  ECON 1Title:  PRIN OF MACROECONOMICS  
Full Title:  Principles of Macroeconomics
Last Reviewed:5/14/2018

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled06 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total52.50
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total 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:  ECON 1A

Catalog Description:
Untitled document
An introduction to macroeconomic concepts and principles of economic analysis.  Topics include: foundations of economic life, national income and employment, business cycles, money and banking, monetary and fiscal policy, economic growth and stability, international trade and the position of the U.S. within the context of the global economy.

Prerequisites/Corequisites:
Course Completion of MATH 154, MATH 155, MATH 156, or higher, or MATH 15, or appropriate placement based on AB 705 mandates


Recommended Preparation:
Eligibility for ENGL 1A or equivalent

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
An introduction to macroeconomic concepts and principles of economic analysis.  Topics include: foundations of economic life, national income and employment, business cycles, money and banking, monetary and fiscal policy, economic growth and stability, international trade and the position of the U.S. within the context of the global economy.
(Grade or P/NP)

Prerequisites:Course Completion of MATH 154, MATH 155, MATH 156, or higher, or MATH 15, or appropriate placement based on AB 705 mandates
Recommended:Eligibility for ENGL 1A 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
H
Social and Behavioral Sciences
Global Perspective and Environmental Literacy
 
CSU GE:Transfer Area Effective:Inactive:
 DSocial ScienceFall 2010
 D2Economics  
 DSocial ScienceFall 1991Fall 2010
 D2Economics  
 D3Ethnic Studies  
 DSocial ScienceFall 1981Fall 1991
 D3Ethnic Studies  
 
IGETC:Transfer Area Effective:Inactive:
 4Social and Behavioral ScienceFall 1981
 4BEconomics  
 
CSU Transfer:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:TransferableEffective:Fall 1981Inactive:
 
C-ID:
 CID Descriptor: ECON 202 Principles of Macroeconomics SRJC Equivalent Course(s): ECON1

Certificate/Major Applicable: Both Certificate and Major Applicable



COURSE CONTENT

Student Learning Outcomes:
Upon completion of the course, students will be able to:
Untitled document
1.  Apply the tools of supply and demand to assess equilibrium of price and quantity in
     competitive markets.
2.  Assess the nation's economic performance based on GDP, unemployment and
     inflation.
3.  Utilize the tools of fiscal and/or monetary policy to return the economy to full employment.
 

Objectives: Untitled document
 
Upon completion of this course, students will be able to:
 
1. Apply economic principles such as opportunity cost, finite resources, and
     trade-offs to students' everyday lives where spending, working, and saving
     decisions are concerned.
2. Articulate a vision of the global economy as a means by which individuals worldwide
     can be made better-off through the use of markets and the rational allocation
     of finite resources.
3. Synthesize the ideas of past and current economic theories and formulate their own
     perceptions of how best to address the fundamental economic questions of what, how,
     and for whom.
4. Apply market theory principles to help understand the potential role of government in
     the economy.
5. Apply discipline-specific research tools to economic data.

Topics and Scope
Untitled document
I.  Foundations of Economics
    A. the economic problem: scarcity
    B. production possibilities curves
    C. comparative economic systems
II.  The Market Economy
    A. the circular flow of capitalism
    B. mixed capitalism
    C. global markets.
III.  Supply and Demand: How Prices are Determined
    A. elements of a market
    B. market demand
    C. market supply
    D. the interaction of demand and supply
    E. the functions of prices
    F. government and the market
    G. market failure
     H. competition between global and domestic markets
IV.  Measuring Economic Activity
    A. national income accounting
    B. business fluctuations
    C. comparing economic growth internationally using GDP
V.  The Keynesian Model of Spending, Income and Employment
    A. Keynes v. classical economics
    B. aggregate demand
VI.  Fiscal Policy and the National Debt
    A. discretionary fiscal policy
    B. automatic stabilizers
    C. actual v. structural deficits
    D. the national debt
VII.  Money, Banking, and Monetary Policy
    A. functions of money
    B. defining money
    C. demand deposits and commercial banking
    D. the federal reserve system and monetary policy
    E. interest rates
VIII.  Demand-Side v. Supply-Side Economics
    A. the model of aggregate demand-aggregate supply
    B. stagflation: a dilemma for demand-side economics
    C. supply-side external stocks
    D. tenets of supply-side economics
IX.  Economic Growth and Development (Optional)
    A. the classical growth model
    B. the Malthusian Specter
    C. technological change and productivity
    D. growth and productivity projections for the U.S. economy
    E. relationships between international trade development and
          population growth
X. Orientation to the values, themes, methods and history of the
     discipline both nationally and globally
XI. Identification of career objectives related to a course of study
      in the major
XII. Introduction to discipline-specific research tools, major indexing sources,
      standard reference tools, discipline-specific tools and major web sites,
      for both national and global economics

Assignments:
Untitled document
1. Read and study appropriate chapters in text (15-20 pages) per week
2. Approximately 3 homework problem sets to be prepared for review and discussion
3. Two to four in-class, closed-book, no-notes, examinations/quizzes including a final.
    For online classes, examinations/quizzes will be taken online
4. Written assignments and chapter questions

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
5 - 30%
Written homework, research
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
10 - 40%
Homework problems involving computation and graphing
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
50 - 80%
Examinations/Quizzes including a final, multiple choice exams, essay exams
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 0%
None


Representative Textbooks and Materials:
Untitled document
Principles of Macroeconomics. 2nd ed. Coppock, Lee. and Mateer, Dirk. W. W. Norton & Company. 2017

Print PDF