House Bill 2504 Spring 2014 Course Syllabus ECON-2302-73 - Principles of Economics - Micro
Spring 2014 Course Syllabus
ECON-2302-73 - Principles of Economics - Micro
|Instructor||Bryant, Jennifer Christine|
|MyLamarPA||Be sure to check your campus E-mail and Course Homepage using MyLamarPA campus web portal (My.LamarPA.edu). When you’ve logged in, click the email icon in the upper right-hand corner to check email, or click on the “My Courses” tab to get to your Course Homepage. Click the link to your course and review the information presented. It is important that you check your email and Course Homepage regularly. You can also access your grades, transcripts, and determine who your academic advisor is by using MyLamarPA.|
|Course Description||Introduction to economic principles; allocation of resources; determination of output and prices; distribution and managerial economics.|
|Course Prerequisites||Prerequisite: Basic skills competency in reading and writing.|
|Required Textbooks||McConnell, C, Brue, S, & Flynn, S. (2011). MicroEconomics w/ Connect Plus. Custom Edition. McGraw-HillIrwin. 19TH Edition ISBN- 9780077609832|
|Attendance Policy||Regular and punctual attendance is important to the attainment of the educational objectives of this course. Therefore you are responsible for any covered content and missed assignments. If you have an approved absence, please see instructor for instructions on make-up work. 6 absences will result in being dropped from the course at the instructors discretion. Late work is not accepted without approved absence.|
|Course Grading Scale||90 - 100 = A 80 - 89 = B 70 - 79 = C 60 - 69 = D Below 59 = F|
|Determination of Final Grade||Exams 30%, Assignments 35%, Participation 35%|
|Final Exam Date||May 1, 2014 - 8:00 AM|
Week 1:Limits, Alternatives, and Choices, Quiz, Learnsmart
Week 2:The Market System and the Circular Flow, Quiz, Learnsmart
Week 3:Demands, Supply, and Market Equilibrium, Last word Paper, Learnsmart
Week 4:Elasticity, Quiz, Learnsmart
Week 5:Market Failures: Public Goods and Externalities, Quiz, Learnsmart
Week 6:Consumer Behavior, Quiz, Learnsmart
Week 7:Businesses and the Costs of Production, Mid-term
Week 8:Pure competition in the short run, Quiz, Learnsmart
Week 9:Pure competition in the long run, Quiz, Learnsmart
Week 10: Pure Monopoly, Consider this Paper, Learnsmart
Week 11: Monopolistic Competition and Oligopoly, Quiz, Learnsmart
Week 12:The Demand for Resources, Quiz, Learnsmart
Week 13:Wage Determination, Quiz, Learnsmart
Week 14: Rent,Interest and Profit, Learnsmart, Quiz
Week 15: Final Review
Week 16:Final Exam
|Calendar of Lecture Topics and Major Assignment Due Dates||
Week 1:Limits, Alternatives, and Choices
Week 2:The Market System and the Circular Flow
Week 3:Demands, Supply, and Market Equilibrium
Week 5:Market Failures: Public Goods and Externalities
Week 6:Consumer Behavior
Week 7:Businesses and the Costs of Production, Midterm-March 2nd
Week 8:Pure competition in the short run
Week 9:Pure competition in the long run
Week 10:Pure Monopoly
Week 11: Monopolistic Competition and Oligopoly
Week 12:The Demand for Resources
Week 13:Wage Determination
Week 14:Rent, Interest and Profit
Week 15:Final Review
Week 16:Final Exam: May 1st
|General Education/Core Curriculum Student Learning Outcomes||
|Program Student Learning Outcomes||
PSLO ALPHA: Reading skills - Demonstrates comprehension of content-area reading material.
Identifies all main ideas, supporting details, and vocabulary in reading material; demonstrates a full understanding of the reading.
PSLO 1: Critical Thinking Skills – Uses creative thinking, innovation, inquiry and analysis, evaluation and synthesis of information.
Creatively identifies problem, argument, or issue (to determine extent of information needed); differentiates the facts from opinions as relates to situation; constructs possible solutions or prediction or consequences; uses logical, sound reasoning to justify conclusion.
PSLO 2: Communication Skills – Demonstrates effective development, interpretation and expression of ideas through written, oral and/or visual communication.
Expresses a strong thesis; organizes information with effective transitions & sequencing of ideas; uses substantial, logical & specific development of ideas; details are relevant, original, credible and correctly documented when appropriate to show an effective development and interpretation of ideas; and presents ideas in appropriate mode of expression for the task.
PSLO3: Empirical and Quantitative Skills – Applies the manipulation and/or analysis of numerical data or observable facts resulting in informed conclusions.
Identifies mathematical or scientific principles needed to complete task; uses mathematical or scientific principles needed to complete task; analyzes how to use the principles; and applies problem-solving skills in mathematical or scientific principles needed to complete task with correct informed conclusions.
PSLO 5: Social Responsibility Skills - Expresses intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities.
Identifies cultural characteristics (including beliefs, values, perspectives and/or practices); demonstrates knowledge of civic responsibility; provides evidence of experience in civic- engagement activities; and describes what she/ he has learned as it relates to a reinforced and clarified sense of civic identity in local, regional, national, or global communities; and shows awareness of one’s own culture in relation to others.
|Course Student Learning Outcomes||
Upon successful completion of this course, students will:
CLSO ALPHA: Reading skills - Demonstrates comprehension of content-area reading material. Measured by pre-post data
1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.(PSLO Alpha measured by embedded quiz questions)
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.(PSLO 1 measured by embedded quiz questions)
3. Summarize the law of diminishing marginal utility; describe the process of utility maximization.(PSLO Alpha measured by embedded quiz questions)
4. Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue.(PSLO 3 measured by embedded quiz questions)
5. Describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production.(PSLO Alpha & 3 measured by embedded quiz questions)
6. Identify the four market structures by characteristics; calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis.(PSLO Alpha measured by embedded quiz questions)
7. Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.(PSLO 3 measured by embedded quiz questions)
8. Describe governmental efforts to address market failure such as monopoly power, externalities, and public goods.(PSLO 2 measured by embedded quiz questions)
9. Identify the benefits of free trade using the concept of comparative advantage.(PSLO 5 measured by embedded quiz questions)
|Academic Honesty||Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSC-PA policies (Section IX, subsection A, in the Faculty Handbook) for consequences of academic dishonesty.|
|Additional Information||Please do not hesitate to contact me via email or phone with any questions or concerns. My physical and virtual door is always open. Communication is key to a successful course outcome. Latework is not accepted.|
|ADA Considerations||The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Special Populations Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.|
Some material in this course may be copyrighted. They may be used only for instructional purposes this semester,
by students enrolled in this course. These materials are being used fairly and legally.
No one may distribute or share these copyrighted materials in any medium or format with anyone outside this class,
including publishing essays with copyrighted material, uploading copyrighted material to Facebook or YouTube, or
painting or performing copyrighted material for public display.
Copyright violation is not the same thing as plagiarism. Plagiarism is intellectual dishonesty. Offenses of plagiarism result in lower grades or failing scores, and professors and the college strictly enforce plagiarism rules. There is never any acceptable use of plagiarism. Copyright violation is a legal offense, punishable by large fines and penalties.
Copyrighted material can be used if permission from the material’s creator is obtained, or if its use meets the standards of fair use in an educational setting. For example, a student can quote a line from Shakespeare’s Hamlet in a report without violating copyright but still be guilty of plagiarism if the quotation is not properly documented.
If you are in doubt about what material can be freely used, ask your professor or contact the Dean of Library Services, at (409) 984-6216.
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If you object to allowing LSC-PA to use your material for assessment purposes, submit a letter stating so to your professor by the 12th class day. You will still be required to participate in whatever assessments are being done; we just won’t use your data.
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Circumstances under which information may be released:
An adult student may submit, to the Registrar, a handwritten, signed note granting permission for release of
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The Registrar’s office is located in the Student Center room 303B, and can be reached at (409) 984-6165.
This course helps add to the students’ overall collegiate experience in the following ways:
|Degree Plan Evaluation||
A Degree Plan Evaluation will help you determine which classes you need to complete your program.
All of the classes that you have taken that apply to your declared major will be listed on the right. If you have a class that still needs to be completed, a “NO” will be listed on the right next to the required class.
|HB 2504||This syllabus is part of LSC-PA’s efforts to comply with Texas House Bill 2504.|
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