SRJC Course Outlines

5/28/2024 1:41:55 AMECON 1A Course Outline as of Spring 2003

Changed Course

Discipline and Nbr:  ECON 1ATitle:  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:
Untitled document
An introduction to economic concepts and principles of economic analysis; foundations of economic life; environmental issues and external costs; national income and employment; business cycles; money and banking; monetary and fiscal policy; economic growth and stability; public finance. Emphasis on macroeconomics.


Recommended Preparation:
Eligibility for Engl. 1A or equivalent and Math 150A or equivalent.

Limits on Enrollment:

Schedule of Classes Information
Description: Untitled document
Survey of macroeconomic concepts, principles, and theory. Studies scarcity, the market economy, GDP, business cycles, unemployment, inflation, Keynesian Theory, fiscal policy, money and banking, monetary policy, and economic growth.
(Grade or P/NP)

Recommended:Eligibility for Engl. 1A or equivalent and Math 150A 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
Global Perspective and Environmental Literacy
CSU GE:Transfer Area Effective:Inactive:
 DSocial ScienceFall 2010
 DSocial ScienceFall 1991Fall 2010
 D3Ethnic Studies  
 DSocial ScienceFall 1981Fall 1991
 D3Ethnic Studies  
IGETC:Transfer Area Effective:Inactive:
 4Social and Behavioral ScienceFall 1981
CSU Transfer:TransferableEffective:Fall 1981Inactive:
UC Transfer:TransferableEffective:Fall 1981Inactive:
 CID Descriptor: ECON 202 Principles of Macroeconomics SRJC Equivalent Course(s): ECON1

Certificate/Major Applicable: Not Certificate/Major Applicable


Outcomes and Objectives:
At the conclusion of this course, the student should be able to:
Untitled document
Students will:
1.  Record lecture material and relate that material to the textbook
   content as well as current events.
2.  Define terms, identify economic institutions, and recognize the
   names of prominent economists.
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 academic setting but also in their everyday lives
   where working, spending and saving decisions are concerned.
6.  Practice the application of economic models to concrete problems.
7.  Calculate mathematical solutions and diagram economic models.
8.  Demonstrate communication and analytical skill levels on exams and
   in-class discussions.
9.  Question their own values and popular myths as well as conventional
   economic hypotheses.
10. Synthesize the ideas of past and current economists and (from this
   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 and evaluate the efficacy
   of economic policies directed toward the achievement of economic
12. Describe the values, themes, methods and history of the discipline
   and identify realistic career objectives related to a course of study
   in the major.
13. Perform research specific to the discipline and use appropriate
   citation style, if different than MLA.

Topics and Scope
Untitled document
1.  Foundations of Economics.
     a. the economic problem: scarcity
     b. production possibilities curves
     c. comparative economic systems
2.  The Market Economy.
     a. the circular flow of capitalism
     b. tenets of capitalism
     c. mixed capitalism
3.  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 and the environment
4.  Measuring Economic Activity.
     a. national income accounting
     b. business fluctuations
5.  The Keynesian Model of Spending, Income and Employment.
     a. Keynes v. Neoclassical economics
     b. aggregate demand
     c. a simple econometric model
6.  Fiscal Policy and the National Debt.
     a. The Employment Act (1946)
     b. budget philosophies
     c. discretionary fiscal policy
     d. automatic stabilizers
     e. actual v. structural deficits
     f. the national debt
     g. recent developments in federal finance
7.  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
     f. the equation of exchange:  MV=PQ
     g. Monetarists v. Keynesians
8.  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
9.  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
10. Orientation to the values, themes, methods and history of the
   discipline and identify realistic career objectives related to a
   course of study in the major.
11. Introduction to discipline-specific research tools, including seminal
   books, important periodicals, major indexing sources, professional
   or trade organizations, standard reference tools, discipline-specific
   tools and major web sites.

Untitled document
1.  Read and study appropriate chapters in text.
2.  Approximately 3 homework problems 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 in class is expected and
5.  Preparation for in-class, closed-book, no-notes examinations.

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
20 - 60%
Written homework, Essay exams
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.Problem Solving
20 - 60%
Homework problems, Quizzes, Exams
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
20 - 60%
Multiple choice
Other: Includes any assessment tools that do not logically fit into the above categories.Other Category
0 - 0%

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

Print PDF