'BUSC' -- Economics Courses
 
   
 

 
BUSC 1A Course Image

BUSC 1A - Principles of Economics -
                  Macroeconomics   (3 units)
This course presents principles of aggregate economic analysis; economic cycles including recession, unemployment, inflation and economic growth; national income accounts; money and financial institutions; monetary and fiscal policy; alternative economic viewpoint; budget deficits and public debts; international trade and finance.
(CAN ECON 2)
(54 hours lecture;      Degree appropriate, CSU, UC)
Prerequisite:   Eligibility for  ENGL 1A - Freshman Composition
                        and   Completion of  (  MATH 71 - Intermediate ALgebra
                                                           or MATH 71A - Intermediate ALgebra
                                                           or MATH 71X - Practical Intermediate Algebra ).

Course Measurable Objectives:

  1. Use correct macroeconomic terminology.
  2. Utilize tools of macroeconomic analysis including graphing models in the abstract such as supply and demand, income-expenditure applications.
  3. Solve problems related to the mixed American economy; supply and demand; private and public sectors; national income, employment and fiscal policy; money, banking, monetary policy and the fiscal-monetary policy mix; economic growth and resource policies.
  4. Recognize various schools of economic thought and their assumptions.
  5. Explain international trade and international finance including exchange rates.

Course Level Student Learning Outcomes:


Students completing BUSC 1A - Principles of Economics - Macroeconomics will:
  1. correctly know the use of fiscal policy and will be able to comment on the fiscal policy used by the government.
  2. know Fiscal Policy, various types of Fiscal Policies, and the tools available to the federal government to use Fiscal Policy.  The students will also know the diffeence between an expansionary and a contractionary fiscal policy.
  3. correctly know the use of monetary policy and make be able to comment on the monetary policy being used by the FED.
  4. know the monetary policy and the tools available to the Fed to use a certain type of monetary policy.  The students will know the difference between an expansionary monetary policy and a contractionary monetary policy.
  5. be able to discuss current fiscal policy of the federal government and will be able to form their opinion.
  6. be able to discuss current monetary policy of the Federal Reserve System and will be able to form their opinion.
NOTE:  Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult the college catalog for the most current and accurate information regarding degrees, certificates, or courses.
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