Course Information
Course ID:
ECO2013
Reference Number:
8787
Credits:
3
Term:
Fall 2020 (Term 2207)
Term Dates:
September 1st through December 18th , 2020
Instructor Information
Name:
Professor Jeovanny Ponton
Email:
For communication, please use ‘Course Messages’ in Blackboard. Blackboard records all course correspondence. In your email, please make an effort to include the
details pertinent to your situation, beginning with your full name, the course reference number, and the exact issue. If you are experiencing technical difficulties and
cannot access the course in Blackboard, then you may email me jponton@mdc.edu
Phone:
(305) 237-6374
Virtual Office Hours:
Tuesday/Thursday 11:30 AM– 1:10 PM
Response Policy:
Within 48 hours during weekdays.
Course Description
ECO2013 provides an overview of basic economics, concepts and institutions. Topics include modern national income formation theory, economic fluctuations, money, banking, monetary policy and fiscal policy,
economic stabilization theory and policy, the public sector, theory of economic growth and development, and comparative economic systems.
Prerequisites
The curriculum of ECO2013 includes math, graphing, and writing. Please consider the completion of MAT1033 and ENC1101 prior to enrolling in this class.
Miami Dade College’s Learning Outcomes
This course addresses the following MDC learning outcomes:
Learning Outcome #1
Communicate effectively using listening, speaking, reading, and writing skills.
Learning Outcome #2
Use quantitative analytical skills to evaluate and process numerical data.
Learning Outcome #3
Solve problems using critical and creative thinking and scientific reasoning.
Learning Outcome #8
Use computer and emerging technologies effectively.
Course Competencies
Upon completion of this course, the student will be able to:
Competency 1
The student will demonstrate knowledge of basic economic concepts by:
• Defining economics
• Explaining scarcity and resource allocation
• Defining production possibilities and economic growth
• Describing basic economic questions
• Diagramming the Circular Flow Chart
Competency 2
The student will demonstrate knowledge of comparative economic systems by:
• Describing an economic system
• Differentiating major economic systems, utilizing the basic economic questions
• Describing historic events related to the various economic systems
• Evaluating current events in light of changes in economic systems
• Determining the compatible role of government with economic development
Competency 3
The student will demonstrate knowledge of national goals, income formation and fiscal policy by:
• Describing national income goals and how they are prioritized
• Interpreting business cycle stages
• Defining full employment and types of unemployment categories
• Explaining price stability, types of inflation, deflation, stagflation
• Developing national income and product account models
• Illustrating consumption, investment, government expenditures, net exports components, as well as, equilibrium level of output and income
• Demonstrating inflationary and deflationary gaps
• Illustrating consumption multiplier principle
• Comparing Classical and Keynesian models
Competency 4
The student will demonstrate knowledge of money, banking, and monetary policy concepts by:
• Evaluating differences between barter and a money system
• Differentiating between money’s characteristics and its functions
• Describing historical development of money and banking in the U.S.
• Illustrating Federal Reserve System’s structure and responsibilities
• Identifying monetary policy major and minor tools
• Describing creation of money process
• Describing monetarist policy
Competency 5
The student will demonstrate knowledge of international trade and finance by:
• Illustrating comparative advantage
• Describing rationale for trade
• Describing GATT, WTO, and NAFTA
• Comparing spillover effects of public education
• Describing costs/benefits of; child care, welfare reforms, social security, national debt, crime, nuclear waste removal, environmental debates, and national
• Demonstrating via the instructor’s assignments for the Gordon Rule satisfactory completion of the writing assignment of College Level writing. (See Writing