SRJC Course Outlines

3/21/2023 2:27:53 PMECON 1B Course Outline as of Fall 2002

Changed Course

Discipline and Nbr:  ECON 1BTitle:  PRINCIPLES OF ECON  
Full Title:  Principles of Economics
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: 

Catalog Description:
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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.

Econ 1A.

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

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
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


Associate Degree:Effective:Fall 1981
Social and Behavioral Sciences
CSU GE:Transfer Area Effective:Inactive:
 DSocial ScienceFall 1981
IGETC:Transfer Area Effective:Inactive:
 4Social and Behavioral ScienceFall 1981
CSU Transfer:TransferableEffective:Fall 1981Inactive:
UC Transfer:TransferableEffective:Fall 1981Inactive:
 CID Descriptor: ECON 201 Principles of Microeconomics SRJC Equivalent Course(s): ECON2

Certificate/Major Applicable: Not Certificate/Major Applicable


Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
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The students will:
1.  Record in-class lecture notes and relate that information to the
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
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
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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).

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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%
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.Skill Demonstrations
0 - 0%
Exams: All forms of formal testing, other than skill performance exams.Exams
10 - 30%
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 0%

Representative Textbooks and Materials:
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McConnell & Brue, Economics, 15th ed., McGraw-Hill Irwin 2001.

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