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Economics

Some of the courses listed in this section are accompanied by Supplemental Instruction. Supplemental Instruction (SI) is an academic assistance program that utilizes free peer-assisted weekly study sessions to help students learn the most difficult course content. For more information, please see the SI website at www.smc.edu/si .

ECON 1, Principles of Microeconomics   3 units

Transfer: UC, CSU • IGETC AREA 4B (Social & Behavioral Sciences) • Prerequisite: None. • Skills Advisory: Eligibility for English 1.

This course introduces students to the supply and demand model, the concept of elasticity, productivity, cost structures, and alternative market structures. Within the Supply and Demand framework, the class studies the impact of government intervention on equilibrium price and quantity and on consumer and producer surplus. Additionally, students are introduced to the following market structures: Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly. These alternative market structures are evaluated in terms of their implications for prices, efficiency, and the role of the government.

1231   8:00a-10:05a MTWTh   BUNDY 239   Terzyan A

Above section 1231 meets at the Bundy Campus, 3171 South Bundy Drive, Los Angeles, CA 90066.

1232   10:15a-12:20p MTWTh   HSS 165   Chan A K-C

1233   Arrange-9 Hours    ONLINE-E   Garcia C P

Above section 1233 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1234   Arrange-9 Hours    ONLINE-E   Gill H S

Above section 1234 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1235   Arrange-9 Hours    ONLINE-E   Gill H S

Above section 1235 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1236   Arrange-9 Hours    ONLINE-E   Keskinel M

Above section 1236 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

ECON 2, Principles of Macroeconomics   3 units

Transfer: UC, CSU • IGETC AREA 4B (Social & Behavioral Sciences) • Prerequisite: None. • Skills Advisory: Eligibility for English 1.

This course introduces students to measurement of economic aggregates, economic models, and economic policy. Measures of economic aggregates include: GDP, the unemployment rate, the GDP Deflator, and the Consumer Price Index. The Great Depression is used as an introduction to macroeconomic policy. The course covers the tools of fiscal and monetary policy and their impact on aggregate demand, prices, income and interest rates. Additionally, the course introduces students to following models: Classical, Keynesian, Monetarist, and Supply Side with their corresponding policy implications and recommendations.

1237   8:00a-10:05a MTWTh   HSS 165   Abdel-Rahman A A

1239   10:15a-12:20p MTWTh   HSS 154   Rabach E R

1240   12:30p-2:35p MTWTh   HSS 154   Rabach E R

1241   Arrange-9 Hours    ONLINE-E   Garcia C P

Above section 1241 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1242   Arrange-9 Hours    ONLINE-E   Su B C

Above section 1242 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1243   Arrange-9 Hours    ONLINE-E   Brown B C

Above section 1243 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

1244   Arrange-9 Hours    ONLINE-E   Keskinel M

Above section 1244 is a Distance Education course conducted over the Internet. For additional information, go to smconline.org (schedule of classes).

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IMPORTANT! Many SMC classes require the use of a computer with Internet access to reach class resources and/or to complete assignments and/or take exams. To locate a computer lab on campus go to www.smc.edu/acadcomp and click on the “Labs” link.