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BUSC - Economics Courses:
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BUSC 1A
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BUSC 1AH
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BUSC 1B
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BUSC 1BH
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BUSC 17
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The Business Administration department offers these five 'BUSC' Economics' Courses:
- BUSC 1A - Principles of Economics
- Macroeconomics
- BUSC 1AH - Principles of Economics
- Macroeconomics - Honors
- BUSC 1B - Principles of Economics
- Microeconomics
- BUSC 1BH - Principles of Economics
- Microeconomics - Honors
- BUSC 17 - Applied Business Statistics
Click on any of the tabbed links above to view detailed information about a course.
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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 schools of economic thought and their assumptions.
- Explain international trade and international finance including exchange rates.
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Course Level Student Learning Outcomes:
Students completing BUSC 1A - Principles of Economics - Macroeconomics will:
- correctly know the use of fiscal policy and will be able to comment on the fiscal policy used by the government.
- 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.
- correctly know the use of monetary policy and make be able to comment on the monetary policy being used by the FED.
- 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.
- be able to discuss current fiscal policy of the federal government and will be able to form their opinion.
- be able to discuss current monetary policy of the Federal Reserve System and will be able to form their opinion.
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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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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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(54 hours lecture; Degree applicable, 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 - First Half
and
MATH 71B - Intermediate Algebra - Second Half
)
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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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This course presents economic analysis with emphasis on price and distribution theory, scarcity, opportunity costs,
supply, demand, elasticity of supply and demand, consumer's behavior, cost theory and output determination under
various market structures, factor markets, public choice, income distribution, externalities and government regulation,
comparative economic systems, and international finance.
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(54 hours lecture; Degree applicable, CSU, UC)
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Prerequisite:
BUSC 1A - Principles of Econonomics - Macroeconomics
or
BUSC 1AH - Principles of Econonomics - Macroeconomics - Honors
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Course Measurable Objectives:
- Demonstrate basic tools of microeconomics analysis to show the price and output decisions with in the four basic market structures.
- Solve problems related to consumer and producer behavior both in product market and in factor market.
- Demonstrate the application of elasticities in real world phenomenon.
- Demonstrate the operation of market mechanism as it is applied to American economy.
- Apply microeconomic analysis to government policies relating to the welfare of market participants and income distribution.
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Course Level Student Learning Outcomes:
Students completing BUSC 1B - Principles of Economics - Microeconomics will:
- correctly know producers' behavior to maximize their profit by allocating scarce resources to produce different commodities.
- correctly know consumers' behavior to maximize their utility in allocating scarce resources to satisfy thier infinite wants.
- be able to choose quantities of different commodities having different price tags by spending limited amount of money to maximize satisfaction
- be able to use producer's behavior to determine price of the product they produce under various market situations to maximize profit
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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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This course presents economic analysis with emphasis on price and distribution theory, scarcity, opportunity costs,
supply, demand, elasticity; price,consumer's behavior; cost theory and output determination under various market
structures such as competition, monopoly etc; factor markets; public choice; income distribution; externalities
and government regulation; comparative economic systems; international finance.
This is an honors course designed to provide an enriched experience.
Students may not receive credit for both BUSC 1B and BUSC 1BH.
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(CAN ECON 4)
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(54 hours lecture; Degree applicable, CSU, UC)
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Prerequisite: (
BUSC 1A - Principles of Econonomics - Macroeconomics
and acceptance into the
Honors Program
)
or
BUSC 1AH - Principles of Econonomics - Macroeconomics - Honors
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Course Measurable Objectives:
- Demonstrate basic tools of microeconomics analysis to show the price and output decisions with in the four basic market structures.
- Solve problems related to consumer and producer behavior both in product market and in factor market.
- Demonstrate the application of elasticities in real world phenomenon.
- Demonstrate the operation of market mechanism as it is applied to American economy.
- Apply deeper microeconomic analysis to government policies relating to the welfare of market participants and income distribution.
- Comment on real life application of market failure relating to public goods and externalities.
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Course Level Student Learning Outcomes:
Students completing BUSC 1BH - Principles of Economics, Microeconomics - Honors will:
- correctly know the consumers' behavior to maximize their utility by allocating scarce resources.
- correctly know the producers behavior to maximize their profit by allocating scarce resources.
- know to allocate scarce resources on various commodities to maximize satisfaction
- be able to use producer's behavior to determine price of the product they produce under various market situations to maximize profit
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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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This course presents statistical reasoning and application of primary statistical techniques used in
solving managerial problems. Topics include: collection and interpretation of data, measures of central
tendency and dispersion, probability distributions, sampling and estimation, hypothesis testing, analysis
of variance, linear regression and correlation and index numbers.
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(54 hours lecture; Degree applicable, CSU, UC)
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Prerequisite:
MATH 71 - Intermediate Algebra
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Course Measurable Objectives:
- Select appropriate statistical methods that pertain to business and economic problems.
- Apply principles of inferential statistics in areas of estimation, sampling and hypothesis testing in production, sales, revenue and profits.
- Design and develop a statistical survey for a business with specific economic problems, using proper central tendency and dispersion measures.
- Analyze business problems through the collection of statistically relevant primary and secondary data.
- Arrange the data and draw histograms and ogives.
- Analyze probability distributions and use a variety of statistical/ probability tables.
- Evaluate regression and correlation coefficients.
- Determine conclusions for decision making based on an analysis of the statistical treatment of economic data.
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Course Level Student Learning Outcomes:
Students completing BUSC 17 - Applied Business Statistics will:
- be able to write a complete research survey questionnaire.
- be able to collect both primary and secondary data.
- be able to tabulate and graph the collected data.
- be able to analyze the data critically and will be able to suggest recommendations.
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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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