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COLLEGE OF THE DESERT Course Code:ECON-001 Course Outline of Record 1. Course Code: ECON-001 2. a. Long Course Title: Principles of Macroeconomics b. Short Course Title: PRIN/MACROECONOMICS 3. a. Catalog Description: Macroeconomics deals with the overall performance of the economy. It focuses on aggregate economic concepts such as the gross domestic product, employment, unemployment, price stability, inflation, ups and downs of the economy, economic growth, the role of money, and the impact of international trade. The course also covers different theories and views that explain an economic system, and addresses a range of policy options that can be considered for improving the performance of the economy. b. Schedule Description: Macroeconomics discusses what economics is and how an economy overall works (or does not work). It also provides an insight into how government policies can affect the performance of an economy. c. Semester Cycle (if applicable): The course is offered as a full semester course, half-semester, and short session. 4. Total Units: Lecture Units: Lab Units: 3 3 0 Total Semester Hrs: Semester Lecture Hrs: Semester Lab Hrs: 54 54 0 5. Prerequisite or Corequisite Courses or Advisories: Prerequisite: ENG-050 and MATH-057 Corequisite: None Advisory: None 6. a. Textbooks, Required Reading or Software: (List in APA or MLA format.) Schiller, Bradley (2004). The Economy Today. (10th ed.). McGraw Hill. b. Textbook Reading Level: College Level: Yes No Flesch-Kincaid reading level: 12.0 7. Entrance Skills: Before entering the course students must be able: a. b. c. d. e. f. g. h. i. j. k. CCForm#1 Employ basic vocabulary and style. Develop, organize and express ideas in paragraph and essay form. Read texts and respond in writing at the literate level. Apply standard rules of grammar, punctuation, and mechanics in written responses. Practice fundamental study skills and learning habits. Demonstrate the ability to participate in class discussions and assigned projects. Use the dictionary and other reference materials in and outside the library. Add, subtract, multiply, and divide whole numbers, fractions, and signed numbers. Convert fractions to decimals to percents and vice versa. Solve simple equations. Set up and solve basic word problems. Page 1 Approved: 10/20/05 COLLEGE OF THE DESERT 8. Course Content and Scope: a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. 9. Course Code:ECON-001 What is economics? Economic reasoning. The production possibilities frontier. Supply, demand, the market economy, and its efficiencies. Deficiencies of the market and the role of government. Gross national product: measurement, uses, and limitations. Economic fluctuations and business cycles. Unemployment and inflation: measurement, causes and effects. Aggregate supply and aggregate demand analysis. Aggregate supply and economic growth. Keynesian aggregate demand analysis. The role of money in the economy. Banking and the creation of money. The structure and role of the central bank. Stabilization policies: fiscal and monetary policies. Budget deficits and national debt: pros and cons The Keynesian-Monetarist debate. The unemployment-inflation trade-off. International trade and foreign exchange. The international monetary system. Course Objectives: The main purpose of the course is to help students become a more informed person and a better decision maker. To serve this purpose we introduce economic terminology, concepts, and tools and try to help students learn how to obtain reliable economic information and develop a critical understanding of the working of an economic system. Upon successful completion of the course students will be able to: a. Define and explain different economic terms and concepts. b. Identify the core macroeconomic problems of an economy. c. Demonstrate an understanding of the current domestic and international economic event and economic news. d. Discuss the macroeconomic issues intelligently and identify the pros and cons of an economic policy based on established economic theories and principles. e. Apply macroeconomics knowledge to decision making relevant to own personal economic issues as well as those relevant to your social/ macroeconomic policy concerns. f. Communicate and articulate their understanding of economics verbally and in writing. 10. Student Learning Outcomes: 11. Methods of Instruction: (Relate instructional methods to course objectives.) a. b. c. d. e. CCForm#1 Lecture, Class discussion, In-class problem solving, Electronic media, online format, and/or any other method that the instructor deems appropriate. Page 2 Approved: 10/20/05 COLLEGE OF THE DESERT 12. Course Code:ECON-001 Assignments: (List samples of student learning activities) a. Readings: textbook and other recommended supplementary material. b. Term papers or projects. 13. Methods of Evaluating Student Progress: (How will you measure whether students achieve the learning objectives?) a. Multiple choice, problem, and essay exams b. and/or any other method deemed appropriate by the instructor. 14. Credit Status: Degree Credit Non Degree Credit Noncredit 15. Transfer Status: -- this course is already transferable to both UC & CSU a. Would you like this course to transfer to the CSU system? Yes No b. . Do you wish to propose this course be included on the UC Transfer Course List? Yes No 16. 17. General Education: -- this course has been approved for IGETC, CSU GE & COD GE a. Do you wish to propose this course be included on the COD GE Requirement list? Yes No If you answered “yes” indicate proposed Area/#: C2 b. Do you wish to propose this course be included on the CSU GE Requirement list? Yes No If you answered “yes” indicate proposed Area/#: D2 c. Do you wish to propose this course be included on the IGETC list? Yes No If you answered “yes” indicate proposed Area/#: 4B Special Materials and/or Equipment required of students: None Faculty Initiator: CCForm#1 Hushang Shahidi Date: October 15, 2005 Page 3 Approved: 10/20/05 COLLEGE OF THE DESERT Course Code:ECON-001 COURSE CHARACTERISTICS SIU’s: __3.00___ (Required of all courses) 18. 19. New Course Substantial/Major Modifications - Changes to: Catalog Description, Course Objectives; Add SLOs Minor Modification - Changes to: Update textbook Course Reactivation Provide reasons for the substantial modifications or new course: N/A 20. 21. Cross-Listed (Enter Course Code): Replacement Course (Enter original Course Code) GRADING METHOD (choose one:) Letter Grade [A,B,C,D, F and W. Letter grades are used in calculating GPA] Credit/No Credit [CR, NC. Credit/No Credit grades are not used in calculating GPA but are used in the determination of Academic and Progress Probation status.) Student Option (Student may choose Letter or Credit/No Credit grading option.) 22. MIS COURSE DATA ELEMENTS a. b. c. T.O.P Code [CB03] : 2204.00 Basic Skills Status [CB08]: Precollegiate Basic Skills Basic Skills Not Basic Skills Vocational Status [CB09]: Apprenticeship Adv. Occupational Clearly Occupational Possibly Occupational Non-Occupational Course Classification [CB11]: Liberal Arts & Sciences Courses Repeatability [CB12]: May be repeated 0 times (other than for unsatisfactory grade) State reason why course may be repeated: Course Prior to College Level [CB21]: N/A (For English, writing, ESL, reading or mathematics courses only.) Course Noncredit Category [CB22]: N/A (For noncredit courses only.) Course CAN Code [CB14]: ECON 2 Date Applied: Date Approved: Work-Based-Learning-Activities [XB09]: Yes No d. e. f. g. h. i. If “yes” please check activities that apply: pre-apprenticeships mentorship clinical experience informational interviews field experience 23. job shadowing internship work-study programs attendance at trade shows community service learning STAND-ALONE COURSE CHECKLIST (check appropriate responses below): Is this course part of an Approved Program? Yes Name of Approved Program: Economics A.A. Degree (Degree, Certificate) Where does this course fit in the program? Required Course No (Attach listings of Degree and/or Certificate Programs showing this course as a required or a restricted elective.) For a Stand-alone Course, complete the Application for Approval of Credit Course Form to be submitted to the Chancellor’s Office for approval. CCForm#1 Page 4 Approved: 10/20/05 COLLEGE OF THE DESERT Course Code:ECON-001 COURSE FEASIBILITY (Required of all new and substantially modified courses) ENROLLMENT 24. Estimate enrollment First Year: __ Third Year: RESOURCES 25. Faculty - Discipline and other qualifications: Sufficient faculty resources. Yes No If no, list number of FTE needed to offer this course. 26. Distance Education Modality Equipment: Yes 27. Additional equipment and/or supplies needed and source of funding. 28. Additional construction or modification of existing classroom space needed. (Explain:) No FOR NEW OR SUBSTANTIALLY MODIFIED COURSES 29. Library and/or Learning Resources present in the collection are sufficient to meet the need of the students enrolled in the course. Yes No . I certify that the above is valid. Signed: Faculty Initiator and/or Librarian Hushang Shahidi__________________________________________________ CCForm#1 Page 5 Approved: 10/20/05 COLLEGE OF THE DESERT Course Code:ECON-001 Student Learning Outcomes Defined Course Title: Principles of Macroeconomics Date: 10/15/2005 Course Number: ECON-001 OAC Review Date: Faculty Originator: H. Shahidi OAC Approved Date: Student Learning Outcomes Upon successful completion of this course students will be able to: 1. Define and explain different economic terms and concepts. 2. Identify the core macroeconomic problems of an economy. 3. Demonstrate an understanding of the current domestic and international economic event and economic news. 4. Discuss the macroeconomic issues intelligently and identify the pros and cons of an economic policy based on established economic theories and principles. 5. Apply macroeconomics knowledge to decision making relevant to own personal economic issues as well as those relevant to your social/ macroeconomic policy concerns. 6. Communicate and articulate their understanding of economics verbally and in writing. CCForm#1 Page 6 Approved: 10/20/05 COLLEGE OF THE DESERT CCForm#1 Page 7 Course Code:ECON-001 Approved: 10/20/05