DIVISION OF BUSINESS, INFORMATION AND ENGINEERING
TECHNOLOGIES
COURSE SYLLABUS
Spring 2010
COURSE NUMBER: ECON 2302 SECTIONS:
S06 and S07
COURSE TITLE: PRINCIPLES OF MICROECONOMICS
CREDIT HOURS: 3 LECTURE HOURS: 3 LAB
HOURS: 0
COURSE DESCRIPTION: Decision-making in the private sector; markets and prices; demand and
supply; consumer economics; production, costs, and industrial organization; international
economics; current topics.
COURSE DELIVERY METHOD: Lecture/Demonstration
PREREQUISITES: None.
INSTRUCTOR INFORMATION:
Professor: Mike Cohick, Ph.D.
Office: Spring Creek Campus
J104
Office
Hours: MW 10.00-12.00 and
TR 1.00-2.00, 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:
Section
S06 meets: TR 8.30 – 9.45 Classroom: SCC J208
Section
S07 meets: TR 10.00 – 11.15 Classroom: SCC J208
TEXTBOOK: Optional: Economics Today, 15th
edition, 2010, Roger Leroy Miller
Any
textbook will do, however, assignments are according to Miller
Required: Access to My EconLab
LEARNING OUTCOMES
After completing 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 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 optimum.
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 11 weekly quizzes,
worth 10 points each. The divisor will be 100 points.
2. There are four exams, worth
100 points each.
3. There are assigned Study Labs
in MyEconLab: 50 points maximum completion grade.
3. Total points 550.
5. With no curve, you need 90% for
an A; 80% for a B, 70% for a C; and 60% for a D.
EXAMS:
1. Each exam contains short
answer essay questions, problems, and fill-in the blanks. All
questions come from the course
study guide. Exam dates are listed in
the class schedule
but could change. Any changes will
be announced in class.
2. Missed exam: If you miss exam
1, 2 or 3 for any reason, you will need to take a make-up
exam during final exam week. There is no provision for you to make up a
missed exam 4.
WEEKLY QUIZZES:
1. At the beginning each Tuesday class (except on exam
days or “get exam back” days), there
will be a quiz over material covered during the
previous week.
2. You must complete the quiz in the first 10 minutes
at the beginning of the class. If you
arrive for
class later than ten minutes past the class start time, you cannot take the
quiz. There is no way
to makeup a missed quiz.
3. If you leave class after the quiz without prior permission, your quiz
grade automatically reverts to zero.
MY ECONLAB:
Complete assigned Study Labs in
MyEconLab. I will allocate up to 50 points (equivalent to
one letter grade), depending on
the degree of completion. I will take a completion reading on
each exam day. Complete the
appropriate study labs before taking an exam. You will get no credit
for completing them after the
exam date.
ATTENDANCE POLICY:
E-MAIL ETTIQUETTE:
If you email the instructor, put
ECON 2302 and your last name in the Subject line, i.e., “ECON 2302
Rodriguez”. If you fail to do this, the instructor will not respond to the email.
Otherwise, you will get
an answer your email no later
than the next college class day.
ELECTRONIC
DEVICES:
Put
away all electronic devices - cell phones, laptop and notebook computers, music
players, and the like. Do not use these devices in the classroom without
obtaining consent from the instructor prior to each class. Silence your cell
phones and pagers before class starts. If you get a call, quickly and silently
leave the classroom. You may not use your cell phone as a calculator without
prior permission.
COURSE
WITHDRAWAL POLICY:
See the current Collin
Registration Guide for the last day to withdraw. Withdraw on or before the last day to
withdraw. All students still registered in the class after that date will
receive a letter grade based on the work successfully accomplished.
COLLEGE-MANDATED
INFORMATION:
COURSE REPEAT POLICY:
A student may repeat this course only once
after receiving a grade, including “W”.
GENERIC SYLLABUS:
You can get a generic syllabus at the division
office or at http://iws.ccccd.edu/syllabus.
for qualified individuals who are students
with disabilities. 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
972.881.5898 (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 (1) 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 or unintentionally aiding or attempting to aid another
in an act of scholastic dishonesty,
including but not limited to,
failing to secure academic work;
providing a paper or project
to another student; providing an inappropriate
level of assistance; communicating answers to a classmate
during an examination or any other course assignment; 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.
ECON 2302
Required MyEconLab Study Plans
To be completed by Feb 11 (EXAM 1):
Part 1
Ch 1: 1.1, 1.2, 1.3, 1.4
Ch 1 Appendix: 1.7, 1.8, 1.9,
1.10
Ch 2: 2.1, 2.3, 2.4, 2.5,
2.6, 2.7, 2.8, 2.9
Part 2
Ch 3: 3.1, 3.2, 3.3, 3.4,
3.5, 3.6, 3.7
Ch 4: 4.1, 4.2, 4.3, 4.4,
4.5, 4.6, 4.7
To be completed by Mar 11 (EXAM 2):
Part 3
Ch 20: 20.1, 20.2, 20.3,
20.4, 20.7
Ch 21: 21.1, 21.2, 21.3, 21.4
Part 4
Ch 33: 33.1, 33.2, 33.3,
33.4, 33.5, 33.6
Ch 34: 34.1, 34.2
To be completed by Apr 6 (EXAM 3):
Part 5
Ch 22: 22.1, 22.2, 22.3
Ch 23: 23.1, 23.4, 23.5,
23.6, 23.7, 23.8
To be competed by May 11 (10.00 class) or May 13 (8.30
class) (EXAM 4):
Part 6
Ch 24: 24.1, 24.2, 24.3,
24.4, 24.5, 24.6, 24.7, 24.9
Ch 25: 25.1, 25.2, 25.3,
25.4, 25.5, 25.6, 25.7, 25.8
Ch 26: 26.1, 26.2, 26.3
Ch 27: 27.1
Ch 28: 28.1, 28.2
Part 7
Ch 29: 29.1, 29.2, 29.3, 29.4
Ch 31: 31.1, 31.4
Ch 32: 32.1, 32.2, 32.3, 32.4
CLASS
SCHEDULE (dates subject to change)
|
T Jan 19 R Jan 21 |
First
Class; Read Chapters 1 and 2 Ch 1 and 2 |
Part 1, no quiz Part 1 |
|
T Jan 26 R Jan 28 |
Ch 1 and 2 Read Chapters 3 and 4 |
Part 1, quiz Part 2 |
|
T Feb 2 R Feb 4 |
Ch 3 and 4 Ch 3 and 4 |
Part 2, quiz Part 2 |
|
T Feb 9 R Feb 11 |
Ch 3 and 4, review |
Part 2, quiz EXAM
1 |
|
T Feb 16 R Feb 18 |
Read Chapters 20 and 21 No
Class |
Part 3; no quiz |
|
T Feb 23 R Feb 25 |
Ch 20 and 21 Ch 20 and 21 |
Part 3, quiz Part 3 |
|
T Mar 2 R Mar 4 |
Read Chapters 33 and 34 Ch 33 and 34 |
Part 4, quiz Part 4 |
|
T Mar 9 R Mar 11 F Mar 13 |
Ch 33 and 34, review Last
Day to Withdraw |
Part 4, quiz EXAM
2 |
|
T Mar 16 R Mar 18 |
Spring
Break – No
classes |
|
|
T Mar 23 R Mar 25 |
Read Chapters 22 and 23 Ch 23 and 23 |
Part 5, no quiz Part 5 |
|
T Mar 30 R Apr 1 |
Ch 22 and 23 Ch 22 and 23, review |
Part 5, quiz Part 5 |
|
T Apr 6 R Apr 8 |
Read Chapters 24 through 28 |
EXAM
3 Part 6 |
|
T Apr 13 R Apr 15 |
Ch 24 through 28 Ch 24 through 28 |
Part 6, quiz Part 6 |
|
T Apr 20 R Apr 22 |
Ch 24 through 28 Ch 24 through 28 |
Part 6, quiz Part 6 |
|
T Apr 27 R Apr 29 |
Read Chapters 29 through 31 Ch 29 through 31 |
Part 7, quiz Part 7 |
|
T May 4 R May 6 |
Ch 29 through 31 Ch 29 through 31, review |
Part 7, quiz Part 7 |
|
T May 11 R May 13 |
Final
Exam Week |
EXAM
4 (10.00 class) EXAM
4 (8.30 class) |