| 9/16/2025 3:21:01 AM |
| Changed Course |
| CATALOG INFORMATION
|
| Discipline and Nbr:
ECON C2002 | Title:
PRIN OF MACROECONOMICS |
|
| Full Title:
Principles of Macroeconomics |
| Last Reviewed:4/14/2025 |
| 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:
ECON 1
Catalog Description:
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An introductory course using models of the domestic and international economy to understand national income, unemployment, inflation, economic growth, inequality, the financial system, and monetary, fiscal, and other economic policies.
In this course, students will be introduced to fundamental macroeconomic concepts on a national level. Topics include production, distribution and consumption of goods and services, the exchange process, prices, labor markets, the function of migrant workers on an economy, Gross Domestic Product (GDP) analysis, the multiplier principle, the influence of government spending on income and output, the role of money in society, analysis of monetary policy, including the banking system and the Federal Reserve System.
Prerequisites/Corequisites:
Prerequisites (Identical): Placement as determined by the college’s multiple measures assessment process or completion of a course taught at or above the level of elementary algebra.
Recommended Preparation:
Course Eligibility for ENGL C1000 ( or ENGL 1A) OR Course Eligibility for EMLS 10 ( or ESL 10)
Limits on Enrollment:
Schedule of Classes Information
Description:
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An introductory course using models of the domestic and international economy to understand national income, unemployment, inflation, economic growth, inequality, the financial system, and monetary, fiscal, and other economic policies.
In this course, students will be introduced to fundamental macroeconomic concepts on a national level. Topics include production, distribution and consumption of goods and services, the exchange process, prices, labor markets, the function of migrant workers on an economy, Gross Domestic Product (GDP) analysis, the multiplier principle, the influence of government spending on income and output, the role of money in society, analysis of monetary policy, including the banking system and the Federal Reserve System.
(Grade or P/NP)
Prerequisites:Prerequisites (Identical): Placement as determined by the college’s multiple measures assessment process or completion of a course taught at or above the level of elementary algebra.
Recommended:Course Eligibility for ENGL C1000 ( or ENGL 1A) OR Course Eligibility for EMLS 10 ( or ESL 10)
Limits on Enrollment:
Transfer Credit:UC.
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP
ARTICULATION, MAJOR, and CERTIFICATION INFORMATION
| Associate Degree: | Effective: | Fall 2025
| Inactive: | |
| Area: | D
H
L4
| Social and Behavioral Sciences
Global Perspective and Environmental Literacy
Social and Behavioral Sciences
|
| |
| CSU GE: | Transfer Area | | Effective: | Inactive: |
| | D | Social Science | Fall 2010 | |
| | D2 | Economics | | |
| | D | Social Science | Fall 1991 | Fall 2010 |
| | D2 | Economics | | |
| | D3 | Ethnic Studies | | |
| | D | Social Science | Fall 1981 | Fall 1991 |
| | D3 | Ethnic Studies | | |
| |
| IGETC: | Transfer Area | | Effective: | Inactive: |
| | 4 | Social and Behavioral Science | Fall 1981 | |
| | 4B | Economics | | |
| |
| CSU Transfer: | | Effective: | | Inactive: | |
| |
| UC Transfer: | Transferable | Effective: | Fall 1981 | Inactive: | |
| |
| C-ID: |
| CID Descriptor: ECON 202 | Principles of Macroeconomics | SRJC Equivalent Course(s): ECONC2002 |
Certificate/Major Applicable:
Both Certificate and Major Applicable
COURSE CONTENT
Student Learning Outcomes:
At the conclusion of this course, the student should be able to:
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1. Apply the tools of supply and demand to assess prices and quantities in competitive markets.
2. Assess the nation's economic performance based on Gross Domestic Product (GDP), unemployment and inflation.
3. Demonstrate an understanding of how specific tools of fiscal and/or monetary policy can return the economy to full employment.
Objectives:
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Statewide Required Objectives/Outcomes:
At the conclusion of this course, the student should be able to (Identical and Required):
1. Interpret and analyze domestic and international macroeconomic data.
2. Apply macroeconomic models to explain economic issues and outcomes.
3. Analyze the effects of macroeconomic policies.
Expanded and Additional Local Objectives/Outcomes:
At the conclusion of this course, the student should 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
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Statewide Required Topics:
1. Fundamentals of economic thinking
a. Scarcity / opportunity costs
b. Factors of production
c. Production possibilities
d. Specialization and gains from trade
e. Economic models and research methodology
2. How markets operate
a. Definition of a market
b. Supply and demand model
3. Measuring the economy
a. National output and productivity
b. Economic growth
c. Price level (inflation)
d. Business cycle
e. Unemployment
f. Inequality and Poverty
4. Aggregate Demand / Aggregate Supply model
5. Financial system
a. Saving, investment, and interest rates
b. Money creation and banking
c. Role and function of central banks
d. Monetary policy
6. The role of the government in the macro economy
a. Government budget
b. Fiscal policy
c. Social policy
7. International economics
a. Balance of payments
b. Exchange rates
c. International trade
Expanded and Additional Local Topics:
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
Assignments:
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1. Read and study appropriate chapters in text (15-20 pages per week).
2. Homework problem sets involving computations and graphing to be prepared for review and discussion (2-4)
3. Examinations; will be closed-book and no notes
4. Written assignments and chapter questions.
5. Additional assignments as determined by instructor
Statewide Required Methods of Evaluation:
Assessments for this course will include both formative and summative assignments that may include some or all of the following:
Exams and Quizzes containing one or more:
• Multiple Choice questions
• Short answers
• Problem Solving
• True/False
• Essays
Other Assessments:
• Problem sets
• Online or in-class discussions
• Presentations
• Group projects
• Experiments
• Current event analysis
• Term papers
Assessed written work may include any of the following (colleges are encouraged to work with local CSU and UC departments to determine writing requirements):
• Current event analysis
• Discussion boards
• Essay questions on exams
• Term papers
Methods of evaluation are at the discretion of local faculty.
Expanded and Additional Local Methods of Evaluation: See table below.
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 assignments and chapter questions | |
| Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills. | Problem Solving
10 - 30% |
| 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 | |
| Other: Includes any assessment tools that do not logically fit into the above categories. | Other Category
0 - 10% |
| Additional assignments as determined by instructor | |
Representative Textbooks and Materials:
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Statewide Representative Textbooks:
These are representative texts. Texts used by individual institutions and even individual sections will vary.
These are two-semester textbooks covering both Macroeconomics and Microeconomics. The onesemester edition covering only Microeconomics is acceptable as is any other equivalent textbook, including an OER textbook.
Arnold, R., Arnold, D., & Arnold, D. (2023) Economics. Mason, OH: Cengage Learning.
Colander, D. (2019) Economics. New York: McGraw-Hill Irwin.
Coppock, L. & Mateer. (2023) Principles of Economics, Norton.
The CORE Econ Team. The Economy 2.0, CORE Econ.
Cowen, T., & Tabarrok, A. (2021) Modern Principles of Economics. New York: Worth.
Frank, R. H., & Bernanke, B. S. (2024) Principles of Economics. New York: McGraw-Hill Irwin.
Greenlaw, S., Shapiro, D., & MacDonald, D. Principles of Economics 3e. Houston, TX:
OpenStax.
Hubbard, R. G., & O'Brien, A. P. (2024) Economics. Boston: Pearson.
Krugman, P. & Wells, R. (2024) Economics. New York: Worth.
Mankiw, N. G. (2024) Principles of economics. Mason, OH: Cengage Learning.
McConnell, C. R., Brue, S. L., & Flynn, S. M. Economics: Principles, problems and policies.
New York: McGraw-Hill Irwin.
Parkin, M., (2023) Economics, New York: Pearson
Rittenberg, L., & Tregarthen, T. (2021) Principles of economics. Flat World Knowledge.
Schneider, G., (2023) Macroeconomic Principles and Problems: A Pluralist Introduction. New York: Routledge.
Stevenson, B. & Wolfers, J. (2023) Principles of Economics, New York: Worth.
Tucker, I. B. (2023) Economics for today. Mason, OH: Cengage Learning.
Additional Local Representative Textbooks:
Principles of Macroeconomics. 4nd ed. Coppock, Lee. and Mateer, Dirk. W. W. Norton & Company. 2023.
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