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ECON 230 Economic History of the United States

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Course Description

An advanced discussion and analysis of the economic development of the American economy from 1860 to the present time. The class takes the economic concepts mastered in a macroeconomics course such as of opportunity cost, moral hazard, monetary theory and policy, fiscal theory and policy, pieces of the Keynesian, Monetarist and Austrian schools of thought and places them in an historical context. Among the topics discussed are: the history of industrial growth, the history of land and resource use, role of immigration and migration of various ethnic and cultural groups as it relates to the economic development of the U.S. Historical periods examined include: Antebellum and Postbellum South, the Great Depression (1929-1944), the Keynesian revolution and the counter revolution (Monetarist, Classical and Austrian (1945-2009), Great Moderation (mid 1970s - 2007) and the Great Recession (2007-2009). Events studied include, slavery, the transportation revolution, the growth of nationalized markets, the development of money and banking, trade patterns, organized labor, changes in agricultural production, and America’s integration into the world economy.

Units: 3
Degree Credit
Grade Option (Letter Grade or Pass/No Pass)
  • Lecture hours/semester: 48-54
  • Homework hours/semester: 96-108
Prerequisites: Completion of, or concurrent enrollment in, ECON 100; and, ENGL 836 or READ 836 or ENGL 847 or ESL 400 or Eligibility for ENGL 100 or ENGL 105 on the College Placement Test or other multiple measures assessment.
Corequisites: None
AA/AS Degree Requirements:D US-1; DSI; Ethnic Studies
Transfer Credit: CSU (CSU GE DSI, D US-1), UC (IGETC Area 4)