COLLIN COUNTY COMMUNITY COLLEGE DISTRICT
DIVISION OF BUSINESS, INFORMATION AND ENGINEERING
TECHNOLOGIES
COURSE SYLLABUS
COURSE NUMBER: ECON
2302 SECTIONS: S06, S07,
and S08
COURSE TITLE: PRINCIPLES
OF MICROECONOMICS
CREDIT HOURS: 3 LECTURE
HOURS: 3 LAB
HOURS: 0
COURSE DELIVERY METHOD: Lecture/Demonstration
INFORMATION ON THE INSTRUCTOR:
Professor: Mike
Cohick, Ph.D.
Office: Spring
Creek Campus J104
Office Hours: MW
10.00 – 1.00, or by appointment
Office Phone: 972-881-5840
E-mail: mcohick@ccccd.edu
Web site: http://iws.ccccd.edu,
scroll down and click my name
Emergency only: Department office phone
972-377-1731
CLASS INFORMATION:
Class meets: S06:
TR 8.30 – 9.45 in SCC J209
S07:
TR 10.00 – 11.15 in SCC J209
S08:
TR 11.30 – 12.45 in SCC J209
TEXTBOOK:
PREREQUISITES: None.
If you can competently compose English sentences and do basic algebra, you should
have no problem taking this course.
SUPPLIES: You will need a
Scantron and a pencil for the exams.
COURSE LEARNING OBJECTIVES:
When you successfully complete this course, you should be able to:
1. Describe the importance of scarcity to economic decision
making.
2. Identify the opportunity cost encountered in any
decision.
3. Demonstrate the economic concepts of scarcity,
trade-offs, efficiency, unemployment, and economic growth, using a production
possibilities frontier model.
4. Interpret how changes in demand behavior and/or supply
behavior affect prices and quantity in a market.
5. Justify how efficient market activity maximizes overall
social well-being.
6. Demonstrate inefficiencies that develop in a market when
government imposes any type of price control.
7. Identify the characteristics of goods that determine
that good’s elasticity of demand.
8. Explain the importance of elasticity of demand in a firm’s pricing decisions.
9. Summarize the law of diminishing marginal utility, and describe the process one uses to arrive at consumer equilibrium.
10. Contrast accounting profit, economic profit, and normal
profit.
11. Generate a model of the production cost curves in the
short run and long run.
12. Analyze the reasons that lead to economies of scale and
diseconomies of scale.
13. Outline the decision-making rules that lead to profit
maximization or loss minimization.
14. Outline the decision-making rules that lead a firm to
expand operations, to continue current operations, to cut back operations, or
to close down in the short run.
15. Compare and contrast the characteristics of the four
market structures.
16. Explain how a natural monopoly comes into existence and
how it is operated.
17. Outline government approaches to mergers and
monopolizing behavior.
18. Outline the decision-making rules that a
profit-maximizing firm would use when hiring labor.
19. Describe reasons for income inequality.
20. Define interest and explain what determines its level.
21. Contrast positive and negative externalities and devise
a government program to respond to each.
22. Describe what must be done to provide society adequate
amounts of a public good.
23. Explain the importance of comparative advantage and
give examples.
24. Compare and contrast who benefits and who loses in free
international trade and in protected international trade.
25. Contrast a flexible foreign exchange rate system with a
fixed exchange rate system.
METHOD OF EVALUATION:
1. There are weekly quizzes each Tuesday (except
during an exam week and the Tuesday after Spring break). I will count the best
ten weekly quizzes at 10+ points each, totals 100+ points.
2. There are two exams, one at mid-term and one
at the end-of-term, primarily true-false and multiple choice, worth 100+ points
each.
3. There is a required paper, worth 100 points.
4. Total points 400+. Divisor will be 400.
5. With no curve, you need 360 points for an A;
320 for a B, 280 for a C; and 240 for a D.
EXAMS:
1. Each exam contains 40+ questions, each worth
2.5 points. Exam dates are listed below
but could change. Any changes will be announced in class.
2. Missed exam: If you miss the mid-term exam for any reason, contact me immediately by phone or e-mail. You must make up this exam in my office during the exam week, or you will receive a zero. There is no provision for you to make up a missed the end-of-term exam. Miss it and you will receive a zero.
WEEKLY QUIZZES:
1.
There is a 5+ question multiple choice quiz at the start
of each Tuesday class (except as indicated above), valued at 2 points per
question, covering material presented in class since the previous quiz.
2.
You must complete the quiz no later than 10 minutes past
the start time of class. If you arrive after 10 minutes has elapsed, you may
not take the quiz.
3.
There are no makeup opportunities for any of the quizzes
for any reason.
REQUIRED PAPER:
A hand out describing the subject, details and grading will be distributed
in class. Copying Internet sources will earn you a zero. Paper is due Thursday,
April 30.
ATTENDANCE POLICY:
ELECTRONIC
DEVICE POLICY:
Close down, silence
and put away all electronic gadgets - cell phones, laptop computers, music
players, texting devices, pagers, and the like – when you enter the classroom. You
do not need any of these devices to participate in my class. Immediately and
quietly go outside the classroom if your cell phone/pager buzzes you. You may
not use your cell phone as a calculator.
COURSE WITHDRAWAL POLICY:
All who are officially
enrolled after April 17 (the last day to drop) will receive a letter
grade based on the grading scale above. If you want to withdraw with a “W”, do
it before April 17.
GENERIC SYLLABUS:
You can get a copy of
the generic syllabus at the division office or at this web site: http://iws.ccccd.edu/syllabus
AMERICANS WITH DISABILITIES ACT STATEMENT:
It is the policy of
ACADEMIC ETHICS:
The College District may initiate disciplinary proceedings against a student accused of scholastic dishonesty. Scholastic dishonesty includes, but is not limited to, statements, acts, or omissions related to applications for enrollment or the award of a degree, and/or the submission as one’s own work material that is not one’s own. Scholastic dishonesty may involve, but is not limited to, one or more of the following acts: cheating, plagiarism, collusion, use of annotated texts or teacher’s editions, and/or falsifying academic records.
Plagiarism is the use of an author’s words or ideas as if they were one’s own without giving credit to the source, including, but not limited to, failure to acknowledge a direct quotation.
Cheating is the willful giving or receiving of information in an unauthorized manner during an examination, illicitly obtaining examination questions in advance, copying computer or Internet files, using someone else’s work for assignments as if it were one’s own, or any other dishonest means of attempting to fulfill the requirements of a course.
Collusion is intentionally aiding or attempting to aid another in an act of scholastic dishonesty, including but not limited to, providing a paper or project to another student; providing an inappropriate level of assistance; communicating answers to a classmate during an examination; removing tests or answer sheets from a test site, and allowing a classmate to copy answers.
Any incident of academic dishonesty will be reported immediately to the Division Dean and to the Dean of Students for adjudication. Until adjudication is complete, you will receive a “zero” on the work in question.
CLASS SCHEDULE
(subject to change)
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ECON 2302 |
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WEEK |
DATES |
ACTIVITIES/ASSIGNMENTS |
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1 |
Jan 20 Jan 22 |
First class; Part 1: Read Chapters 1 and 2 Part 1 |
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2 |
Jan 27 Jan 29 |
Quiz; followed by Part 1 Part 2; Read Chapters 3 and 4 |
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3 |
Feb 3 Feb 5 |
Quiz; followed by Part 2 Part 2; |
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4 |
Feb 10 Feb 12 |
Quiz; followed by Part 2 Part 3: Read Chapters 17 and 18 |
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5 |
Feb 17 Feb19 |
Quiz; followed by Part 3 Part 3 |
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6 |
Feb 24 Feb 26 |
Quiz; followed by Part 4: Read Chapter 19 Part 4 |
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7 |
Mar 3 Mar 5 |
Quiz; followed by Part 4 Part 4; review |
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8 |
Mar 10 Mar 12 |
MID-TERM EXAM, covers Parts 1 through 4 Catch Up Day |
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Mar 17 Mar 19 |
Spring Break Spring Break |
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9 |
Mar 24 Mar 26 |
No quiz; Part 5: Read Chapters 20 through 23 Part 5 |
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10 |
Mar 31 Apr 2 |
Quiz; Part 5 Part 5 |
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11 |
Apr 7 Apr 9 |
Quiz; followed by Part 6: Read Chapters 24 through 27 Part 6 |
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12 |
Apr 14 Apr 16 Apr 17 |
Quiz; followed by Part 6 Part 7: Read Chapters 28 and 29 Last Day to Withdraw with a W |
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13 |
Apr 21 Apr 23 |
Quiz; followed by Part 7 Part 7 |
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14 |
Apr 28 Apr 30 |
Quiz; followed by Part 8; Read Chapters 30 through 32 Part 8; Semester Paper due |
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15 |
May 5 May 7 |
Quiz; followed by Part 8 Discuss Semester Paper; Review |
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16 |
May 12 or May 14 |
END-OF-TERM EXAM, covers Parts 5 through 8. See final exam schedule for time and
date. |
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