Catalog Course Search Details

 Department:    ECON&

 Course #:    202

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    450601

 EPC:    n/a

 REV:    2021

 Course Description  

A comprehensive introduction to the structure of the American economy as compared to other economic structures, supply and demand, GDP, inflation, monetary policy, money and banking, taxation, economic growth, international exchange and comparisons of classical, Keynesian and monetarist economic philosophies are presented. Required for business majors planning to transfer to 4-year business programs.

 Prerequisite  

Prerequisite: ENGL& 101 with a grade of "C" or higher; and either placement into OR co-enrollment in OR completion of a college-level Math course with a grade of "C" or higher.

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 economic principles and policies affect groups of people and how the market system operates in the United States.
2. SOCIAL SCIENCES: Apply concepts from the social sciences to analyze individual or social phenomena, processes, events, conflicts, or issues.

General Education Learning Values & Outcomes

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

Course Contents

1. Price functioning under "mixed" capitalism
2. Basic supply-demand relationships
3. Ways businesses are organized
4. Government's role, expenditures, regulation, finance, taxation
5. National Income-accounting
6. Saving, consumption, and investment
7. Unemployment
8. Economic fluctuations-Inflation
9. Money-Prices
10. Banking system
11. Federal Reserve System
12. Fiscal-Monetary policies