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NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title: PRINCIPLES OF MICROECONOMICS
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Course Prefix & Number: ECON 2302
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Section Number: 401
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Semester: Fall 2016
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Semester Credit Hours: 3
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Lecture Hours: 3
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Lab Hours: N/A
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Course Description (NCTC Catalog):
Analysis of the behavior of individual economic agents, including consumer behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, factor markets, market failures, and international trade. 48 lecture hours.
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Course Prerequisite(s): None
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Required Materials:
ECON2302 – Microeconomics Textbook (SECTION #401 ONLY – Harry Ellis) –(1) Microeconomics Workbook: Principles and Practice (Bright Green Workbook) by Battaglia & Dadres, Stipes, 6th edition, ISBN: 978-1-60904-282-0. Buy, don’t rent, the workbook.
(2) Low-function (11 functions or less) calculator (non- programmable and non-graphing).
(3) Scantron Form 882-E is needed for homework and exams. 10 forms should be enough.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Harry Ellis
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Campus/Office Location:
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Corinth Campus, Room 331
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Telephone Number:
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Leave message for me before 2pm with Mrs. Roberts at
940-498-6295
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E-mail Address:
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hellis@unt.edu (Best way to contact me)
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STUDENT LEARNING OUTCOMES
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At the successful completion of this course the student will be able to:
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Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.
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Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
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Summarize the law of diminishing marginal utility; describe the process of utility
maximization.
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Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total
revenue.
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Describe the production function and the Law of Diminishing Marginal Productivity;
calculate and graph short-run and long-run costs of production.
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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.
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Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.
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Describe governmental efforts to address market failure such as monopoly power,
externalities, and public goods.
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Identify the benefits of free trade using the concept of comparative advantage.
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Grading Policy & Procedures
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Your final grade in this class will be determined from your grades on all exams, unannounced quizzes, and homework assignments. You will take two exams during the semester, and each will be worth 250 points for a total of 500 points. Quizzes will count 50 points, and homework assignments will count 150 points total. The final exam will be comprehensive and will count 300 points.
The final grade is based on 1000 possible points according to the following scale:
900 – 1000 = A 800 - 899 = B 700 - 799 = C
600 – 699 = D 599 or below = F
EXAMS
Exams will be returned in class, but the instructor reserves the right to keep them on file. Exams I and II will each consist of 40 multiple choice questions, and you will have 50 minutes in class to complete these exams. There will be no makeup exams. If one exam is missed, the points will be made up on the final. For example, if a student misses one exam with an approved excuse, the final would then be worth 550 points, instead of 300 points. The one hour and 50 minute final exam will consist of 80 multiple choice questions.
Students who miss an exam without an acceptable excuse will receive a zero for that exam. You have one week from the date of the missed exam to bring me your written documented excused absence or you will receive a zero for the missed exam.
IMPORTANT DATES
First Class Day Monday, August 22
Labor Day (No Class) Monday, September 5
Exam I Monday, September 26
Exam 2 Monday, October 31
Last Day to Withdraw Thursday, November 3
Final Exam Wednesday, Dec. 7 at 12noon
Graded Assignment Percentage
Exam I 25%
Exam II 25%
Final Exam 30%
Homework 15%
Quizzes 5%
100% final grade
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Tentative Course Schedule
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Date (Week of) Assignment in Workbook
August 22 Chapters 1, 2
29 Chapters 2, 3
September 7 Chapters 3, 4
12 Chapters 4, 5
19 Chapter 5
26 Exam I (Chapters 1 - 5)
28, 30 Chapter 6
October 3 Chapters 7, 8
10 Chapters 8, 9
17 Chapters 10, 11
24 Chapter 11
31 Exam II (Chapters 6 - 11)
November 2, 4 Chapter 12
7 Chapters 12, 13
14 Chapters 14, 15
21 Chapter 15
28 Review
December 7 Final Exam at 12 noon
You are welcome to use non-programmable and non-graphing calculators on quizzes and exams, but you must have your own calculator and cannot use another person’s calculator! Also, calculators that are a part of smart phones (or similar devices) are not allowed.
ELECTRONICS POLICY
All smart phones (and similar devices) MUST be turned off and put away during class; no texting or checking e-mail on any device is allowed during class! If you are caught looking at your smart phone, you will be asked to leave class and you will receive a 10 point penalty on your homework total. If you are caught a second time, you will be withdrawn from the course.
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Other Pertinent Information
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v Academic Dishonesty will not be tolerated in this course. You are not to give any person (which includes parents, spouses, friends, etc.) access to your Canvas account at any time during the semester. If you do, you are putting the integrity of the course work completed in question. Do not ask someone to email me on your behalf in Canvas. If you have an emergency and cannot contact me yourself, it is best to have an alternative person contact me at hellis@unt.edu. Again, do not give anyone access to your Canvas account. Any student who cheats on any course material (exams, assignment, post tests) will immediately fail the course and academic dishonesty papers will be filed with the Dean and VP of Instruction.
v Last day to withdraw from a course with a “W” is Thursday, November 3, 2016.
Missed quizzes cannot be made up!
Late homework will not be accepted, but you are welcome to turn homework in early if you know you are not going to be in class.
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ATTENDANCE POLICY
Regular and punctual attendance is expected of all students in all classes for which they have registered. Absence does not relieve the student of the responsibility for making up required work. Dropping a course is the student's responsibility, but you MAY be dropped for excessive absence. See Attendance Regulations in the North Central Texas College Catalog.
Furthermore, quizzes and homework assignments which you might miss by failing to attend class will lower your grade. Quizzes CANNOT be made up, and homework will NOT be accepted late. However, I will drop two of your lowest quiz grades, and I will also drop a few of your lowest homework grades (groups of 10 questions).
ARRIVING TO CLASS LATE AND LEAVING CLASS EARLY ARE INAPPROPRIATE AND COULD POTENTIALLY AFFECT YOUR GRADE!
DISABILITY SERVICES (OSD)
The Office for Students with Disabilities (OSD) provides accommodations for students who have a documented disability. On the Corinth Campus, go to room 170 or call 940-498-6207. On the Gainesville Campus, go to room 110 or call 940-668-4209. Students on the Bowie, Graham, Flower Mound, and online campuses should call 940-668-4209.
North Central Texas College is on record as being committed to both the spirit and letter of federal equal opportunity legislation, including the Americans with Disabilities Act (ADA) of 1990, ADA Amendments Act of 2009, and Section 504 of the Rehabilitation Act of 1973 (P.L. 93-112). http://www.nctc.edu/StudentServices/SupportServices/Disabilityservices.aspx
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA______________________________
o Communication
o Mathematics
o Life and Physical Science
o Language, Philosophy & Culture
o Creative Arts
o American History
o Government/Political Science
X Social and Behavioral Sciences
o Component Area Option
REQUIRED CORE OBJECTIVES
X Critical Thinking
X Communication
X Empirical and Quantitative
o Teamwork
o Personal Responsibility
X Social Responsibility
COURSE TYPE
o Academic General Education Course (from ACGM but not in NCTC Core)
x Academic NCTC Core Curriculum Course
o WECM Course
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Disability Services (OSD)
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The Office for Students with Disabilities (OSD) provides accommodations for students who have a documented disability. A disability is anything that can interfere with learning, such as a learning disability, psychological challenge, physical illness or injury. Accommodations may include extra time on tests, tests in a distraction reduced environment, volunteer note taker in class, etc.
On the Corinth Campus, go to room 170 or call 940-498-6207. On the Gainesville Campus, go to room 110 in the Administration (100) Building or call 940-668-4209. Students on the Bowie, Graham, Flower Mound, and online campuses should call 940-668-4209 to arrange for an intake appointment with OSD.
North Central Texas College is on record as being committed to both the spirit and letter of federal equal opportunity legislation, including the Americans with Disabilities Act (ADA) of 1990, ADA Amendments Act of 2009, and Section 504 of the Rehabilitation Act of 1973 (P.L. 93-112).
http://www.nctc.edu/StudentServices/SupportServices/Disabilityservices.aspx
STUDENT HANDBOOK
Students are expected to follow all rules and regulations found in the student handbook. http://nctc.smartcatalogiq.com/en/2014-2015/Catalog/North-Central-Texas-College-Student-Handbook
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Support Services
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Counseling and Testing staff offer a variety of services to current and prospective students, such as College 101, placement testing, academic advising and course registration, transfer assistance, and College Success seminars (Time Management, Study Skills, Test Anxiety, Choosing a Major, Learning Style Strategies, Career Exploration), and much more. http://www.nctc.edu/StudentServices/CounselingTesting.aspx
Student Success offers academic coaching, tutoring, including a Writing Center, a Math Lab, free 24/7 online tutoring through Grade Results and assist new students acclimate to college by providing computer lab services for prospective students. First generation students can also participate in TRIO which offers specialized support services.
http://www.nctc.edu/StudentServices/SupportServices.aspx
Financial Aid offers financial resources for students that qualify, visit the financial aid offices for more information. http://www.nctc.edu/FInancialAidHome.aspx
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EEOC Statement
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North Central Texas College does not discriminate on the basis of race, color, national origin, gender, religion, age, or disability in the employment or the provision of services.
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Name of Chair/Coordinator:
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Donna Hooper
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Office Location:
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Corinth 209
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Telephone Number:
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940-498-6266
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E-mail Address:
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dhooper@nctc.edu
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Name of Instructional Dean:
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Dr. Larry Gilbert
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Office Location:
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Corinth 305
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Telephone Number:
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940-498-6216
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E-mail Address:
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lgilbert@nctc.edu
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