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|Discipline and Nbr:
PRINCIPLES OF ECON||
Principles of Economics
|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
Title 5 Category:
AA Degree Applicable
Grade or P/NP
00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As:
| ||Total Out of Class Hours: 105.00||Total Student Learning Hours: 157.50||
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.
Eligibility for ENGL 1A or equivalent and MATH 150B or equivalent.
Limits on Enrollment:
Schedule of Classes Information
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)
Recommended:Eligibility for ENGL 1A or equivalent and MATH 150B or equivalent.
Limits on Enrollment:
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
Not Certificate/Major Applicable
Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
|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:||
| CID Descriptor: ECON 201|| Principles of Microeconomics|| SRJC Equivalent Course(s): ECON2
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
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.
B. Production functions and the law of diminishing returns (in the
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
A. Pure competition.
C. Monopolistic competition.
5. Antitrust Law.
6. International economics.
A. The principal of comparative advantage.
C. The balance of payments.
D. International monetary systems and the determination of foreign
E. The U.S. Trade Deficit.
F. Third world economic issues and problems (optional).
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
Methods of Evaluation/Basis of Grade.
Representative Textbooks and Materials:
|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%
McConnell & Brue, Economics, 15th ed., McGraw-Hill Irwin 2001.