Download ECON115 - Rogue Community College

RCC CONTACT FOR THIS COURSE:
Francine Gentile, Department Chair, Social Science & Human Services
RWC 541-956-7072
[email protected]
COLLEGE NOW WEBSITE: http://www.roguecc.edu/COLLEGENOW
Your resource for current information, including processes and forms
COURSE INFORMATION & REQUIREMENTS
RCC Course Title:
Course No.
Introduction to Economics
ECON115
Credits:
3
Requirements for Articulating This Class
HIGH SCHOOL INSTRUCTOR EDUCATION BACKGROUND:
 Master's degree in business, economics, or a related field or an MAT with credits in upper division or
graduate business and/or economics courses (or business education and/or social science endorsement).
COLLEGE NOW Course Completion Requirements
Students must have:
 1Received grade A-F, W, I, P, Z and NP
 Completed COLLEGE NOW registration process
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Based on current state and college regulations and policy, all students in COLLEGE NOW or other dual
enrollment classes are graded on the same standards and under the same guidelines as any regular college student.
That means that COLLEGE NOW students can earn A - F, W, I, P, Z and NP grades that will show on the official
college transcript.
COLLEGE NOW CONTACT INFORMATION:
Daniella Bivens
Rogue Community College
Table Rock Campus
7800 Pacific Avenue
White City, OR 97503-1060
[email protected]
541-245-7806
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RCC COURSE TITLE: ECON115 INTRO TO ECONOMICS
COURSE OUTLINE
Course No: ECON115
Credits:
3
Date: November 2010
Course Title:
Introduction to Economics
Institution:
Rogue Community College
Type of Course:
Transfer
Department Assignment:
Business Technology
Length of Course:
A minimum of 33 hours per one term.
Prerequisites:
RD30 and BT 114 or WR 115 and word processing skills recommended.
Course Description: This course surveys the principles of economics, evaluation of economic thought,
and development of present United States economic structure. This course covers concepts of supply
and demand, opportunity costs, and history of economic ideas. Course does not substitute for ECON201
and ECON202 in the Associate of Arts/Oregon Transfer or Associate of Science/Oregon Transfer
degrees. Prerequisites: RD30; BT 114 or WR 115.
Intended Outcomes and ILO’s (Institutional Learning Outcomes): On successful completion of
this course, the students will be able to:
Intended Outcomes:
Students will define and profile
important economic principles that
reinforce the important role the
student plays in society.
Key ILO Indicator:
PG 1 – Acts as a responsible
member of a community.
To successfully complete this first
COM-2 – Expresses Ideas clearly in
year social studies course students
oral, written and visual work.
must demonstrate their
understanding of complex economic
theories, principles and practices
through written and oral expression.
Through in-class exercises, students
will work in groups to formulate
ideas or resolve problems that help
to demonstrate key economic
principles.
Assessment Methods:
Graded assignments and
tests.
The clear representation
of ideas will be assessed
through graded oral and
written assignments.
COM-3 – Collaborates effectively to Students will be assessed
achieve course/learning goals.
through in class exercises
that will be monitored
through attendance and
instructor observation.
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RCC COURSE TITLE: ECON115 INTRO TO ECONOMICS
Intended Outcomes:
Key ILO Indicator:
Assessment Methods:
To successfully complete this first
year social studies course students
must demonstrate comprehension of
course materials which will require
the weekly dedication of time and
effort to complete reading and work
assignments and to prepare for tests.
Introduction to Economics requires
student comprehension of a
succession of economic concepts
that grow in complexity throughout
the course. To successfully grasp
reading material and complete
graded weekly assignments and
tests, students must be able to
assimilate previously learned
material and apply it to more
advanced economic concepts and
problems.
AL-2 –Puts forth the time and effort
necessary to succeed.
Student effectiveness will
be confirmed through
graded tests and
assignments.
AL-3 – Internalizes and assimilates
information into new situations.
The ability to assimilate
information and apply it
to new situations will be
confirmed through inclass exercises and
graded tests and
assignments.
Students will learn economic
concepts such as the positive and
negative consequences of market
externalities including the effects of
production on our environment.
They will come to understand how
personal choice and governmental
policies enhance efforts in
sustainability and environmental
protection.
CT-6 – Identifies the economic,
ecological and/or social elements of
sustainability as part of human
systems.
Graded assignments and
tests.
Typical Required and Recommended Text(s): Survey of Economics 4th Edition, Edwin G. Dolan and
Kevin C. Klein, BVT Publishing, LLC, 2010.
Typical Required and Recommended Equipment and Materials: Personal Computer with Microsoft
Windows 7 or XP, and any one of the following: Microsoft Office 2007, Office 10, Microsoft Works
2007, Works 8, or Works 9, or Microsoft Word 2007 and Excel 2007 or Microsoft Word 2010 and Excel
2010.
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RCC COURSE TITLE: ECON115 INTRO TO ECONOMICS
COURSE OUTLINE
I.
Introduction and Course Overview:
1.
2.
3.
4.
II.
The Basics of Supply and Demand:
1.
2.
3.
4.
5.
III.
Review class syllabus, requirements, grading system.
What is Economics?
What are Economic Methods of Analysis and why do we need them?
The role of public policy play in our economy.
What is Demand and how is it measured?
What is Supply and how is it measured?
The interaction of Supply and Demand.
Pricing and price supports.
Introduction to Microeconomics:
1.
2.
3.
4.
5.
Production and Costs.
a. Costs and Profits
i. The profit motive.
ii. The nature of costs
iii. Profit, rents and entrepreneurship.
iv. Fixed costs, variable costs and sunk costs.
b. Production and costs in the short run:
c. Long-run costs and economies of scale.
Supply under Perfect Competition.
a. Perfect competition and supply in the short run.
b. Long-run equilibrium under perfect competition.
c. Market performance under perfect competition.
The Theory of Monopoly
a. Varieties of Monopoly.
b. Simple Monopoly.
c. Profit maximization in the long run.
d. Complex pricing strategies.
e. Two-part pricing.
f. Market performance under Monopoly.
Industrial Organization, Monopolistic Competition and Oligopoly.
a. Market structure in the U.S. economy.
b. Measures of market concentration.
c. Blending structural and behavioral evidence.
d. Causes of market concentration.
Theory of Oligopoly: Interdependence and Collusion.
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RCC COURSE TITLE: ECON115 INTRO TO ECONOMICS
IV.
Introduction to Macroeconomics:
1.
2.
3.
4.
5.
6.
7.
V
Market Externalities: Positives, Negatives, and Controls.
1.
2.
3.
4.
VI.
Macroeconomics in the Long Run: Economic Growth.
a. Short-run Macroeconomics and the business cycle.
b. Price stability.
The Flow of Income and Expenditure.
Money, the Banking System, and Monetary Policy Instruments.
Aggregate Supply and Demand: Prices and Real Output in the Short Run.
Strategies and Rules for Monetary Policy.
Fiscal Policy
Fighting Inflation and Deflation.
What are market externalities?
Controlling externalities through voluntary exchange.
Controlling externalities through regulation.
Controlling externalities through public policy and choice.
Global Trade and Trade Policy.
1.
2.
The Theory of Comparative Advantage: Review and Extensions.
Trade Policy and Protectionism.
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