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College Catalog 2013-14
Economics

Economics Course Descriptions

ECON 100
Introduction to Economics
3 Units
Prerequisite: None.
General Education: AA/AS Area V(b)
Hours: 54 hours LEC
This course introduces the purpose, terminology, and basic concepts of economic theory. It examines the fundamental economic problem of scarcity and describes how our society is organized to deal with scarcity. It considers some of the problems (unemployment, inflation, national debt, poverty, crime, pollution, etc.) that economic theory may help explain.

ECON 299
Experimental Offering in Economics
.5-4 Units
Prerequisite: None
Hours: 18 hours LEC; 54 hours LAB

ECON 302
Principles of Macroeconomics
3 Units
Prerequisite: None.
Advisory: MATH 120 or MATH 125 with a grade of "C" or better; or one full year of High School Algebra II with grades of "C" or better in each semester; or equivalent skills demonstrated through the assessment process.
General Education: AA/AS Area V(b); CSU Area D2; IGETC Area 4B
Course Transferable to UC/CSU
Hours: 54 hours LEC
This course is a graphical and functional analysis of the economy as a whole. It focuses on the economy's well-being, problems, and possible solutions. Major topics include: basic economic analysis, demand, supply, and equilibrium in a market; macroeconomic sectors, goals, and problems (unemployment, inflation, business cycle, and government budget deficit); the economy's output, income, and price level; aggregate demand, aggregate supply, and equilibrium; and macroeconomic policies (fiscal and monetary). Time permitting, related topics such as international trade, international finance, and economic growth may also be discussed. Course work includes doing arithmetic problems, solving algebraic equations, and graphing straight and curvilinear lines.

ECON 304
Principles of Microeconomics
3 Units
Prerequisite: None.
Advisory: MATH 120 or MATH 125 with a grade of "C" or better; or one full year of High School Algebra II with grades of "C" or better in each semester; or equivalent skills demonstrated through the assessment process.
General Education: AA/AS Area V(b); CSU Area D2; IGETC Area 4B
Course Transferable to UC/CSU
Hours: 54 hours LEC
This course is a graphical and functional analysis of the units (sectors) making up the economy. The focus is on the sectors' choices and interactions, microeconomic goals (efficiency and equity), problems, and solutions. Major topics include basic principles of economics; basic economic analyses; demand, supply, and equilibrium in a market; markets and applications; costs and production; product and resources markets; and microeconomic problems (externalities, public goods, and income inequality). Time permitting, related topics such as international trade and health economics may also be discussed. Course work includes doing arithmetic problems, solving algebraic equations, and graphing straight and curvilinear lines.

ECON 306
Environmental Economics
3 Units
Prerequisite: None.
Advisory: MATH 120 or MATH 125 with a grade of "C" or better; or one full year of High School Algebra II with grades of "C" or better in each semester; or equivalent skills demonstrated through the assessment process.
General Education: AA/AS Area V(b); CSU Area D2; IGETC Area 4B
Course Transferable to UC/CSU
Hours: 54 hours LEC
This course focuses on the application of economic principles to help understand and manage the relationship between humans and the environment. The central theme is that there are competing demands for our limited natural resources, including the waste assimilation capacity of the environment, necessitating that difficult choices be made regarding how those resources are used. The course illustrates how resources are allocated in a market economy, potential problems from a social perspective with that allocation, and alternative solutions for reallocating resources to achieve more socially desirable outcomes. Issues such as efficiency and externality, benefit-cost analysis, and alternative policy instruments for pollution control are examined. Topics related to global warming, California water resources, and other current environmental policy issues will be discussed as time permits.

ECON 320
Concepts in Personal Finance
3 Units
Same As: BUS 320
Prerequisite: None.
Advisory: BUS 105
General Education: AA/AS Area V(b)
Course Transferable to CSU
Hours: 54 hours LEC
This course is designed to assist individuals in analyzing their financial affairs. Elements and conceptual basis of financial planning, analysis, and decision making in areas of budgeting, taxes, borrowing, money management, insurance, investments, and retirement will be examined with an emphasis on principles to develop students' economic decision making. Students will be using mathematical concepts as well as reading and interpreting written and oral instructions. The course provides a solid base for a career in financial planning services. This course is the same as BUS 320, and only one may be taken for credit.

ECON 495
Independent Studies in Economics
1-3 Units
Prerequisite: None.
Course Transferable to CSU
See UC Limitations & Counselor
Hours: 54 hours LEC; 54 hours LAB
An independent studies project involves an individual student or small group of students in study, research, or activities beyond the scope of regularly offered courses. See the current catalog section of "Special Studies" for full details of Independent Studies.

ECON 499
Experimental Offering in Economics
.5-4 Units
Prerequisite: None
Course Transferable to CSU
See UC Limitations & Counselor
Hours: 54 hours LEC; 54 hours LAB

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