Economics (ECON)
ECON 101
Principles of Macroeconomics
3 Units (AA/AS; Citrus D1; CSU; UC; Cal-GETC 4)
54 lecture hours
Equivalent to: ECON 101H
Grade Mode: Pass/No Pass, Standard Letter
Prerequisite(s): Concurrent enrollment in an algebra based math course OR completion of, or direct placement into, an algebra based transfer-level math course.
Strongly recommended: ENGL C1000.
Introduction to the theory of aggregate economic analysis. Emphasis is on demand and supply, market systems, national income accounting, business cycles, unemployment, inflation, economic growth, macroeconomic equilibrium, money and banking, fiscal and monetary policy, international trade and finance.
ECON 101H
Principles of Macroeconomics - Honors
3 Units (AA/AS; Citrus D1; CSU; UC; Cal-GETC 4)
54 lecture hours
Equivalent to: ECON 101
Grade Mode: Standard Letter
Prerequisite(s): Concurrent enrollment in an algebra based math course OR completion of, or direct placement into, an algebra based transfer-level math course; and, student must be eligible for the Citrus College Honors Program or obtain a recommendation from an Honors instructor.
Strongly recommended: ENGL C1000.
A macro economics course that focuses on aggregate economic analysis and its applications. Topics include: theory of market systems; economic cycles including recession, unemployment and inflation; national income accounts; macroeconomic equilibrium; money and financial institutions; monetary and fiscal policy; and international trade and finance. It also tackles the application of the theory to different economic issues, such as the energy market, outsourcing and unemployment, lending practices among financial institutions and its effects on the real estate market, the budget deficit, the trade deficit, national health care proposals, and immigration. Students are expected to participate at an honors level which includes research of the application cases, analysis of issues, and strong critical thinking and writing skills to evaluate current policies and generate optimal solutions.
ECON 102
Principles of Microeconomics
3 Units (AA/AS; Citrus D1; CSU; UC; Cal-GETC 4)
54 lecture hours
Grade Mode: Pass/No Pass, Standard Letter
Prerequisite(s): ECON 101 or ECON 101H.
Strongly recommended: ENGL C1000.
An introductory course focusing on decision making from the viewpoint of the individual consumer, worker and firm. Emphasis is on price analysis, efficient allocation of resources, production costs, market structures, labor markets, market failure and applications to current economic policy.