Catalog Course Search Details

 Department:    ECON

 Course #:    101

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    450601

 EPC:    n/a

 REV:    2021

 Course Description  

Introduction to basic principles of macro and micro economics for the non-major. Areas covered include supply and demand, the determination of equilibrium prices and quantities, types of production costs, economic growth, unemployment, fiscal policy and monetary policy.

 Prerequisite  

Prerequisite: ENGL 099 with a "C" or higher (or placement into ENGL& 101).

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Academic Social Sciences  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Understand how economics affects the decision-making of individuals and businesses. Use economic principles to help make informed, objective and rational choices. Understand how economics fits into the scheme of the entire economy and its relationships. Use basic economic principles.
2. SOCIAL SCIENCES: Explain the variables that influence the structure of cultures and societies.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Resources and scarcity
2. Structure of economic systems that exist in the world
3. Basic economic questions
4. Supply and demand for goods and services
5. Supply and demand for labor
6. Business firms and their operation
7. Economic growth and productivity
8. Government's role in our economy - (Fiscal and monetary policy)
9. Gross Domestic Product (GDP)
10. Inflation/recession/depression/business cycles
11. Global economics
12. Money and banking
13. Taxation
14. Consumer economics - (savings and personal investing)