Course Title: PRINCIPLES OF MICROECONOMICS Face to Face

Course Prefix & Number: ECON 2302

Section Number:  500

Semester: Fall 2016

Semester Credit Hours: 3

Lecture Hours: 3

Lab Hours: N/A

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.

Course Prerequisite(s): None

Required Materials:

Microeconomics: Principles, Problems, & Policies (ebook with ConnectPlus with LearnSmart) by McConnell, Brue, & Flynn, McGraw Hill, 20^th edition, ISBN: 9781259278556.  Students can purchase a loose leaf book directly from McGraw Hill when registering for Connect Access.

Connect Access:  The textbook, LearnSmart, and Connect activities are all maintained within the McGraw-Hill Connect System.  Students need to be enrolled immediately in Connect, which can be purchased at the bookstore, or online directly from McGraw-Hill in Canvas on the first day of class.  Temporary access can be obtained from McGraw-Hill for 14 days.  Students must be enrolled by the end of Day 1, as assignment are due immediately.

Name of Instructor:

Melissa Blankenship

Campus/Office Location:

FM 107 (Faculty Workroom)

Telephone Number:

972-899-8400 x8504

E-mail Address:

mblankenship@nctc.edu

At the successful completion of this course the student will be able to:

Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making.

 Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

Summarize the law of diminishing marginal utility; describe the process of utility

maximization.

Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total

revenue.

Describe the production function and the Law of Diminishing Marginal Productivity;

calculate and graph short-run and long-run costs of production.

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.

Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.

Describe governmental efforts to address market failure such as monopoly power,

externalities, and public goods.

Identify the benefits of free trade using the concept of comparative advantage.

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

30

Assignments

20%

9

Quizzes

20%

2

Projects

10%

4

Exams

50%

Grading Policy & Procedures

The 2 lowest Assignment grades will be dropped.  Assignments include LearnSmart, Homework, Discussion Boards, attendance, and class participation grades.  The lowest quiz grade will be dropped.  No late assignments will be accepted.  The lowest exam grade will be dropped.  There will be 4 unit exams and a final cumulative exam.  If a student is happy with their grade after the 4 unit exams, they may choose not to take the final exam.  No makeup exams are given – you must check the schedule and notify me at the beginning of the course if you have a conflict with an exam date. 

Extra credit assignments are NOT guaranteed and will be given at the discretion of the instructor.  Any extra credit will be assigned to enhance the learning experience and not simply to raise a grade.

CANVAS/CONNECT ACCESS:  All students must have complete access to Canvas for the entire semester.  Once a student has given another person access to his/her Canvas account, the credibility of any work becomes questionable.

Assignments must be submitted via Canvas/Connect.  No assignments will be accepted via email.

Projects:

To help students relate to economics in the “real” world, there will be two assignments intended to connect the study of economics to popular culture.  These assignments are intended to be fun – I promise!

The Rockonomix project requires students to form groups and create a lip sync/parody music video by writing new lyrics that follow an economic theme.  These videos will be posted publicly and students will choose their top video to be entered into the national Rockonomix contest to compete against videos from other colleges and universities.  More information is available in Canvas.

The EconSelfie assignment requires students to compose a “selfie” that illustrates an economic concept and post that picture to a discussion board.

10 Easy 5’s Assignment:

A list of more than 10 ways to earn 5 points will be provided in Canvas.  These include following me on Twitter, visiting my office, posting to a Current Events discussion board, or perhaps attending an event on campus.  This assignment is worth 50 possible points, so students may choose 10 activities to complete over the course of the semester to earn these points.

Tentative Course  Schedule

All dates subject to change.  Please refer to the Canvas calendar for most current schedule.

LS = LearnSmart Modules

HW = Homework Assignments

Other Pertinent Information

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 on my office phone, 972-899-8400 x8504, or my NCTC email address:mblankenship@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.

v Last day to withdraw from a course with a “W” is November 3, 2016.

Disability Services (OSD)

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

Support Services

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

EEOC Statement

  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.

Name of Chair/Coordinator:

Donna Hooper

Office Location:

Corinth 209

Telephone Number:

940-498-6266

E-mail Address:

dhooper@nctc.edu

Name of Instructional Dean:

Dr. Larry Gilbert

Office Location:

Corinth 305

Telephone Number:

940-498-6216

E-mail Address:

lgilbert@nctc.edu