COLLIN COUNTY COMMUNITY COLLEGE DISTRICT
DIVISION OF BUSINESS, INFORMATION AND ENGINEERING
TECHNOLOGIES
COURSE SYLLABUS
COURSE NUMBER: ECON
2302 SECTIONS: 1S1 and 1S2
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: MTW
12.10 – 2.10, 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: 1S1:
MTWR 8.00 – 10.00 in SCC J209
1S2:
MTWR 10.10 – 12.10 in SCC J209
TEXTBOOK:
PREREQUISITES: MATH
0310 and ENGL 0305, or consent of the instructor. If you can competently
compose English sentences
and do
basic algebra, you have my consent to take this course.
SUPPLIES: You will need a Scantron and a pencil for the final exam.
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. Comprehensive final
exam at 100+ points.
2. Nine quizzes at 12
points each, totaling 108 points.
3. (Optional) Three
page paper, subject to be announced, to replace a missed quiz, at 12 points.
3. Maximum: 208+
points. Divisor: 200 points. With no curve, 180 = A; 160 = B, 140 = C, and 120
= D.
QUIZZES:
There will be a quiz each Monday and Wednesday.
Each quiz will:
a. have questions from the material
covered since the last quiz.
b. consist of multiple-choice and
true-false.
c. start at the beginning of class. You
must turn in your completed quiz 15 minutes after class start time.
If you arrive to
class after 15 minutes, you cannot take or make up the quiz.
COMPREHENSIVE
FINAL EXAM:
This exam is a
combination of multiple-choice and true-false questions selected from the nine
quizzes previously taken and the homework sets.
If you miss this exam,
there is no opportunity for a make-up.
OPTIONAL PAPER:
Subject, details and grading will be discussed in class. Copying Internet
sources will earn you a zero. Paper is due Tuesday, July 8. No late papers will
be accepted.
HOMEWORK SETS:
You may find eight homework sets, one for each part of the course, on
my website. Do not turn in these sets. You will not receive a grade.
The answers are on reserve at the main desk of the SCC library. So why
do them? Problems like these show up on the quizzes
and the final exam.
ATTENDANCE POLICY:
Therefore,
I will not include you when I create a curve to determine letter grades.
ELECTRONIC
DEVICE POLICY:
Close down, silence
and put away all electronic gadgets - cell phones, laptop computers, music
players, texting devices, 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.
COURSE WITHDRAWAL POLICY:
All who are officially
enrolled after July 3 (the last day to drop) will receive a letter grade
based on the grading scale above.
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
This College will adhere to all applicable federal, State and local laws, regulations and guidelines with respect to providing reasonable accommodations
as required to afford equal educational opportunity. It is the student’s responsibility to contact the ACCESS office, SCC-G200 or 972.881.5950 (V/TTD: 972.881.5950)
in a timely manner to arrange for appropriate accommodations.
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)
WEEK DATE ACTIVITY
|
1 |
M June 9 T June 10 W June 11 R June 12 |
Part 1 (read chapters 1 and
2) Part 1 Quiz. Followed by Part 2
(read chapters 3 and 4) Part 2 |
|
2 |
M June 16 T June 17 W June 18 R June 19 |
Quiz, followed by Part 2 Part 3 (read chapters 17 and
18) Quiz, followed by Part 3 Part 4 (read chapter 19) |
|
3 |
M June 23 T June 24 W June 25 R June 26 |
Quiz, followed by Part 4 Part 4 Quiz, followed by Part 5
(read chapters 20, 21, 22, and 23) Part 5 |
|
4 |
M June 30 T July 1 W July 2 R July 3 |
Quiz, followed by Part 6
(read chapters 24, 25, 26, and 27) Part 6 Quiz, followed by Part 7
(read chapters 28 and 29) Part 7. Last day to withdraw
with a W. |
|
5 |
M July 7 T July 8 W July 9 R July 10 |
Quiz, followed by Part 8
(read chapters 30, 31, and 32) Part 8. Optional paper is
due. Quiz, followed by Part 8 COMPREHENSIVE FINAL EXAM |