Chabot College
Fall 2003
Course Outline for Economics 2
PRINCIPLES OF MACROECONOMICS
Catalog Description:
2-Principles of Macroeconomics
3 units
Economic analysis of the theory of income determination, including national income
analysis, business cycles, the consumption function, the multiplier, fiscal policy,
monetary policy, money and banking, the public debt, economic growth and
development, comparative economic systems and international trade. Strongly
Recommended: English 1A eligibility and Math 65 or an appropriate skill level
demonstrated through the Mathematics assessment process. 3 hours.
[Typical contact hours: 52.5]
Prerequisite Skills:
None.
Expected Outcomes for Students:
Upon completion of the course the student should be able to:
1.
2.
3.
analyze the major macroeconomic structures and flows of our national economy
including national economic analysis, national income analysis, money and the
banking system, monetary policy and stability, and economic growth and
development;
analyze the basic principles underlying the nature of economic fluctuation
including business cycles, the theory of income determination, and fiscal policy
and economic stability;
analyze the basic principles governing international trade including comparative
economic systems, and international trade.
Course Content:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
National economic goals
National income analysis
Business cycles and fluctuation
The theory of income determination
a.
The consumption function
b.
The multiplier principles
Fiscal policy and economic stability
Money and the banking system
Monetary policy and stability
Economic growth and development
Comparative economic systems
International trade
Chabot College
Course Outline for Economics 2
Fall 2003
Page 2
Methods of Presentation:
1.
2.
3.
4.
Lecture
Guided discussion
Small group activities
Competitive game play
Assignments and Methods of Evaluating Student Progress:
1.
2.
Typical Assignments:
a.
Outside assignments of questions designed to give students practice in
“doing economics”;
b.
In-class practice of model development of different economic structures;
c.
Preparation for weekly short answer quizzes with student discussion.
Methods of Evaluating Student Progress:
a.
Quizzes, midterm, and final;
b.
Competitive performance during two question and answer “Game Days”;
c.
Written assignments;
d.
Participation in group discussions and presentations.
Textbook(s) (Typical):
Mankin, Gregory, Principles of Economics, Hartcourt College Publishers, New York,
2001, or latest edition.
Special Student Materials:
None.
tf doc:/ECON 2
Revised 10-22-2002