KERN COMMUNITY COLLEGE DISTRICT – CERRO COSO COLLEGE

ECON C102 COURSE OUTLINE OF RECORD

  1. DISCIPLINE AND COURSE NUMBER:
    ECON C102
  2. COURSE TITLE:
    Macro-Economics
  3. SHORT BANWEB TITLE:
    Macro-Economics
  4. COURSE AUTHOR:
    Stephens, Norman R.
  5. COURSE SEATS:
    -
  6. COURSE TERMS:
    70 = Fall; 30 = Spring; 50 = Summer
  7. CROSS-LISTED COURSES:
  8. PROPOSAL TYPE:
    CC Course Revision
  9. START TERM:
    70 = Fall, 2011
  10. C-ID:
  11. CATALOG COURSE DESCRIPTION:
    This course is the study of the national and global economy; the impact of economic aggregates and government action. The course emphasizes macroeconomic concepts, including national income, productivity, employment, inflation, monetary and fiscal policy. The course explores business cycles, international trade, finance, and the impact on the world from economic growth.

  12. GRADING METHOD

    Default:
    S = Standard Letter Grade
    Optional:
     
    A = Audit;P = Pass/No Pass
  13. TOTAL UNITS:
    3

  14. INSTRUCTIONAL METHODS / UNITS & HOURS:

    Lecture
    54
    Lab
    Activity
    Open Entry/Open Exit
    Volunteer Work Experience
    Paid Work Experience
    Non Standard
    Non-Standard Hours Justification:

  15. REPEATABILITY

    Type:
     
    Non-Repeatable Credit
  16. MATERIALS FEE:
    No
  17. CREDIT BY EXAM:
    No
  18. CORE MISSION APPLICABILITY:
    UC Transfer;Associate Degree Applicable (ADA);CSU Transfer
  19. STAND-ALONE:
    No

  20. PROGRAM APPLICABILITY

    Required:
     
    Elective:
    Business Administration AA (AA Degree Program)
    Liberal Arts: Social & Behavioral Sciences AA (AA Degree Program)

  21. GENERAL EDUCATION APPLICABILITY

    Local:
    CC GE Area II: Social & Behavioral Science = Economic & Political;
    IGETC:
     
    IGETC Area 4: Social and Behavioral Sciences = 4B: Economics;
    CSU:
    CSU GE Area D: Social, Political, and Economic Institutions and Behavior, Historical = D2 - Economics;
    UC Transfer Course:
     
    CSU Transfer Course:

  22. STUDENT LEARNING OUTCOMES—Upon completion of the course, the student will be able to

    1. Identify and distinguish among the basic tools of economic analysis as they apply to macroeconomic issues and the intricacies of simultaneous macroeconomic relations.
    2. Differentiate between the macroeconomic issues and the implications on national income accounting, unemployment, outsourcing, globalization, and inflation.
    3. Distinguish between monetary and fiscal policies and the practical applications and how these policies affect our lives.
    4. Identify historical changes in economic institutions, social relations, and international exchange.
    5. Discuss economic issues reported in financial publications.

  23. REQUISITES

    Advisory:
    Reading - 1 Level Prior to Transfer
    Writing - 1 Level Prior to Transfer

  24. DETAILED TOPICAL OUTLINE:

    Lecture:

    A.    Introduction To Macroeconomics  (A, B, D)
    1.    U.S. Macroeconomics issues and challenges
    2.    Production Possibility curves
    3.    The Mechanism of choice
    4.    Global views in Economics
    5.    Economic Behavior     
    B.    Economic Theories (A, B)
    1.    Supply & Demand theories
    2.    Market Equilibrium             
    3.    Alternative market outcomes
    4.    Case studies and applications
    C.    Public Sector (A, B, D )
    1.    Government structure
    2.    Taxation
    3.    Capitalism vs. Socialism approach
    4.    Growth and economic expansions
    5.    Market failure
    D.    National Income Accounting (A, C, E)
    1.    Measuring Output Model   
    2.    Comparative Analysis  
    3.    Consumer National Income Accounts
    4.    Price Index
    E.    Unemployment (A, B)
    1.    The Labor Force
    2.    Marginal Propensity to Consume
    3.    The Multiplier Effect
    4.    Government Deficit
    5.    Types of Unemployment
    F.    Inflation (A-D)
    1.    Measuring Inflation
    2.    Price Stability
    3.    Causes of Inflation
    4.    Historical perspective and effects of inflation on U.S
    5.    Protective Mechanisms
    G.    The Business Cycle (B, D, E)
    1.    Historical reviews
    2.    Aggregate Demand
    3.    Aggregate Supply in the Short Run and Long Run
    4.    Neoclassical Model of Aggregate Supply
    5.    The Keynesian Model
    H.    Fiscal Policy Approach And Price Stability (A, C, E)
    1.    Government Expenditures and Taxes
    2.    Government Spending and Aggregate Output
    3.    Fiscal Restraint Policies
    4.    Fiscal Stimulus Policies
    5.    Government intervention and economic prosperity

  25. METHODS OF INSTRUCTION--Course instructional methods may include but are not limited to

    1. Audiovisual;
    2. Discussion;
    3. Lecture;
    4. Other Methods: Hand-outs, Economic and business websites, Supplementary material, PowerPoint presentations

  26. OUT OF CLASS ASSIGNMENTS:  Out of class assignments may include but are not limited to

    Outside assignments may include, but are not limited to, the following: case studies, economic simulation exercises and Internet activities. Students will be required to complete written assignments and examinations.

  27. METHODS OF EVALUATION: Assessment of student performance may include but is not limited to

    Class discussions (in class or online) on topics involving current and relevant economic developments and application of theories learned in class. Example: Students discuss an application of opportunity cost in their recent personal decision making process.

    Homework assignments that challenge students to analyze and apply concepts learned in class and from readings. Example: Students analyze a production possibilities curve and describe various trade opportunities between entities involved.

    Quizzes and exams that evaluate the students’ understanding of course concepts and ability to apply those concepts to various scenarios. Example: Students solve problems on effects of policy implementation in markets.

    Writings that require students to formulate opinions and observations based on analysis of the text, outside readings, and video presentations. Example: Students write essays on the current state of the economy based on economic indicators.

  28. TEXTS, READINGS, AND MATERIALS: Instructional materials may include but are not limited to

    Textbooks
    Schiller, B. R.. (2009) The Economy Today, 12th, McGraw-Hill Higher Education
    Manuals
    Periodicals
    Software
    Other
  29. METHOD OF DELIVERY:
    Online (purely online no face-to-face contact) ;Online with some required face-to-face meetings (“Hybrid”);iTV – Interactive video = Face to face course with significant required activities in a distance modality ;Online course with on ground testing;Face to face;
  30. MINIMUM QUALIFICATIONS:
    Business (Masters Required);Economics (Masters Required);Political Science (Masters Required);

  31. APPROVALS:

    Origination Date
    05/06/2011
    Last Outline Revision
    05/06/2011
    Curriculum Committee Approval
    05/06/2011
    Board of Trustees
    06/09/2011
    State Approval
    06/16/2011
    UC Approval
    70 = Fall 2006
    CSU Approval
    70 = Fall 2006
    IGETC Approval
    70 = Fall 2006
    CSU GE Approval
    70 = Fall 2006