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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: 402
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Semester: 161S
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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:
Microeconomics: Principles, Problems, & Policies (ebook with ConnectPlus with LearnSmart) by McConnell, Brue, & Flynn, McGraw Hill, 20th edition, ISBN: 9781259278556
Ø Students can purchase a loose leaf book directly from McGraw Hill when registering Connect Access This is not required.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Yvonne Kirshey
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Campus/Office Location:
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Flower Mound
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Telephone Number:
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972-841-9438
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E-mail Address:
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ykirshey@nctc.edu
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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 CRITERIA
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# of Graded Course Elements
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Graded Course Elements
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Percentage or Point Values
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14 of 15
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Homework/ Quiz / LS – all Online per chapter
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25%/15%/10%
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15
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Class Participation activities, projects, group work
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10%
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3 of 4
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In class Tests
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40%
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Grading Policy & Procedures
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There will be an online chapter quiz following each chapter completion. There are no late, no make-ups.
There will be an online homework assignment for each chapter. No late assignments accepted, no make-ups.
There will be a Learnsmart Module for each chapter. No late, no make-ups.
Approx. every 3 to 4 chapters there will be an exam which will be based on those chapters covered since the last exam. In class only. No make-ups. No exceptions. No cell phones as calculators.
The Final will be cummulative and held ONLY during the last day of class. You must be present during the scheduled final date/time. No make-ups. No exceptions. No cell phones as calculators.
I expect the textbook to be read, preferrably before we cover the chapter in class.
Only coming to all classes and participating will give you the 10% class participation grade.
There will be powerpoint slides in the Unit Modules in Canvas for each chapter. It is highly recommended that you print these out and bring them to class with you.
15 % : quizzes - online - one for each chapter - no late, no Make ups
25% : homework assignments - online - one for each chapter - no late, no makeups
10%: learnsmart modules - online - one for each chapter. Check due dates carefully.
40% : in-class exams: 3 during the semester - no make ups, no exceptions, NO cell phones as calculators
-includes : Final exam - cummulative - no exceptions, No cell phone as calculators.
A = 89.5% and above
B= 79.5% and above
C = 69.5% and above
D = 59.5% and above
Grades posted each week so you can always be up-to-date on your progress
All class dates are very important. If you are not in class then you miss important information.
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Tentative Course Schedule
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Instructor reserves the right to change.
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Date
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Day
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Chapter covered
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Quiz/test
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8/23
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T
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Syllabus
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8/25
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Th
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Chapter 1
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8/30
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T
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Finish 1 + Chapter 2
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9/1
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Th
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Chapter 2
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9/6
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T
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Chapter 3
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9/8
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Th
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Chapter 3
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9/13
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T
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Review + HH
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9/15
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Th
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Test 1 (1-3)
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Exam 1
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9/20
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T
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Chapter 5
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9/22
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Th
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Chapter 6
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9/27
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T
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Chapter 6
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9/29
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Th
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Chapter 7
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10/4
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T
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Chapter 9
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10/6
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Th
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Chapter 9
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10/11
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T
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Review +HH
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10/13
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Th
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Test 2 (5-9)
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Exam 2
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10/18-20
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T/Th
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Chapter 10
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10/23
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T
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Chapter 11
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10/25
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Th
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Chapter 12
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11/1
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T
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Chapter 13
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11/3
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Th
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Chapter 13
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11/8
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Review
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11/10
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Th
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Test 3
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Exam 3
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11/15
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T
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Chapter 14
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11/17
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Th
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Chapter 15
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11/22
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T
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Chapter 16
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11/24
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Th
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Thanksgiving
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NO class
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11/29
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Chapter 20
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12/1
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Th
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Review Final Exam
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FINAL EXAM: TBD (same room) NO make-ups, no excuses.
Ch 1 Limits, Alternatives and Choices
Ch 2 The Market System and the Circular Flow
Ch 3 Demand, Supply and Market Equilibrium
Ch 5 Market Failures: Public Goods and Externalities
Ch 6 Elasticity
Ch 7 Consumer Behavior; Utility
Ch 9 Businesses and the Costs of Production
Ch 10 Pure Competition in the Short Run
Ch 11 Pure Competition in the Long Run
Ch 12 Pure Monopoly
Ch 13 Monopolistic Competition and Oligopoly
Ch 14 The Demand for Resources
Ch 15 Wage Determination
Ch 16 Rent, Interest and Profit.
Ch 20 International Trade
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Other Pertinent Information
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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 on my office phone 972-841-9438 or my NCTC email address:_ykirshey@nctc.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.
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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.
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v Last day to withdraw from a course with a “W” is __November 3rd ___.
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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 (Links to an external site.)
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 (Links to an external site.)
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 (Links to an external site.)
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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 (Links to an external site.)
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 (Links to an external site.)
Financial Aid offers financial resources for students that qualify, visit the financial aid offices for more information. http://www.nctc.edu/FInancialAidHome.aspx (Links to an external site.)
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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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