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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.
An honors course designed to provide an enriched experience.
Students may not receive credit for both BUSC 1A and BUSC 1AH.
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(CAN ECON 2)
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(54 hours lecture; Degree appropriate, CSU, UC)
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Prerequisite: Acceptance into the Honors Program
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and
Completion of (
MATH 71 - Intermediate ALgebra
or
MATH 71A - Intermediate ALgebra
or
MATH 71X - Practical Intermediate Algebra
).
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Course Measurable Objectives:
- Use correct macroeconomic terminology.
- Utilize tools of macroeconomic analysis including graphing models in the abstract such as supply and demand, income-expenditure applications.
- 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.
- Recognize various school of economic thought and their assumptions.
- Explain national debt, budget deficits, and international trade and finance.
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Course Level Student Learning Outcomes:
Students completing BUSC 1AH - Principles of Economics, Macroeconomics will:
- correctly know the use of monetary policy and make comments on the monetary policy being used by the FED.
- correctly know the use of fiscal policy and will be able to comment on the fiscal policy used by the government.
- be able to analyze the relationship between social, political, and/or economic institutions and human behavior.
- know the monetary policy and the tools available to the Fed to use a certain type of monetary policy.
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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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