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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: ECON2302
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Section Number: 310
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Semester/Year: Sp 2018
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Semester Credit Hours: 3
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Lecture Hours: 3
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Lab Hours: 0
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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.
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Course Prerequisite(s): None
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Required Materials:
McConnell, Brue & Flynn. Microeconomics: Principles, Problems & Policies
(ebook with Connect Plus with Learn Smart)
McGraw Hill 21st edit
Provided via Inclusive Access
Inclusive Access is a partnership between NCTC and McGraw-Hill Education, to provide the best learning resources on the first day of class. Students can gain access to McGraw-Hill’s adaptive online platforms with the latest version of the eBook at a discount. If students would like to purchase a physical copy of the textbook, they can order a discounted loose-leaf version through the bookstore.
Students will automatically be enrolled in Connect upon registration for this course. The access fee will be billed via your NCTC account. Students wishing to opt out of this process should follow the instructions below.
Students who drop before the add/drop date will have their book fees credited back to their student account, and students who remain in the course will be charged a materials fee by the school to have continued access of the online platforms. If you remain enrolled in the course but wish to opt-out of access to the book please email the NCTC Bookstore with your name and student number to 1263mgr@follett.com. This program means students no longer need to swipe their credit cards to get their course materials and instructors can rest assured that all students will have the same edition of the textbook and access to the same resources.
Connect Access: The textbook, LearnSmart, and Connect activities are all maintained within the McGraw-Hill Connect System. Students will need to complete their registration in Connect through Canvas on the first day of class, as assignments are due immediately.
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INSTRUCTOR INFORMATION
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Name of Instructor:
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Melissa Blankenship
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Campus/Office Location:
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FM 107
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Telephone Number:
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972-899-8400 x8504
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E-mail Address:
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mblankenship@nctc.edu
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OFFICE HOURS
I am available in my office in the Faculty Workroom on the Flower Mound campus at the hours listed below. I am also available outside of these hours by appointment. Additionally, I will be holding open tutoring sessions on Monday and Wednesday on the Flower Mound campus. Monday will be Macro tutoring and Wednesday will be Micro tutoring. Students from any Econ course at NCTC are welcome at these open tutoring sessions. I will answer emails and return phone calls Monday - Friday between the hours of 8am and 5pm.
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Monday
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Tuesday
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Wednesday
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Thursday
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Friday
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9:30 – Noon
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8:00 – 11:00
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9:30 – Noon
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8:00 – 11:00
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Open Econ Tutoring available Monday (Macro) at 3:30 Rm FM 215 and Wednesday (Micro) at 3:30 Rm FM 215.
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STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog
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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, asymmetric information, externalities, and public goods.
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Demonstrate 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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25
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Homework/LearnSmart (5 pts each)
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125
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11
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Quiz (20 pts each)
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220
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5
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Discussion Boards (25 pts each)
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125
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3
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Projects
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250
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3
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Exams (250 pts each)
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750
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1
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Assessment Quiz
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100
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GRADING POLICIES
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The 2 lowest homework grades will be dropped. The lowest quiz grade will be dropped. No late assignments will be accepted. The lowest exam grade from the first 3 exams will be dropped. The last exam may not be dropped. For an extra credit point, email me a picture of a duck. 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. A cumulative Assessment Quiz will serve as your capstone assessment for the course. Students MUST complete the Assessment Quiz in order to have their lowest exam grade dropped. The Assessment Quiz may not be dropped.
There will be a group project assigned in this course. The grade for the group project will be assigned based on the final product as well as a peer evaluation.
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. It is the student’s responsibility to have access to the internet at all times, as well as having all needed programs to complete an online course. Students are not to give any other person access to his/her Canvas account. Students can be removed from the online course immediately for violating this rule. 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.
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ATTENDANCE POLICY
Regular and punctual attendance is expected of all students in all classes for which they have registered. Student will be dropped from a class by the Registrar upon recommendation of the instructor who feels the student has been justifiably absent or tardy a sufficient number of times to preclude meeting the course’s objectives. Persistent, unjustified absences from classes or laboratories will be considered sufficient cause for College officials to drop a student from the rolls of the College. From Board Policy FC (LOCAL)
Attendance will be taken every class period, and regular attendance is crucial for successful completion of this course. 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
Last day to withdraw from a course with a “W” is April 5, 2018.
DISABILITY SERVICES (Office for Students with Disabilities)
The Office for Students with Disabilities (OSD) provides support services for students with disabilities, students enrolled in technical areas of study, and students who are classified as special populations (i.e. single parents).
Support services for students with disabilities might include appropriate and reasonable accommodations, or they may be in the form of personal counseling, academic counseling, career counseling, etc. Furthermore, OSD Counselors work with students to encourage self-advocacy and promote empowerment. The Counselors also provides resource information, disability-related information, and adaptive technology for students who qualify.
For support, please contact the counselors at (940) 498-6207 or (940) 668-4321. Alternatively, students may stop by Room 170 in Corinth or Room 110 in Gainesville.
CORE CURRICULUM FOUNDATIONAL COMPONENT AREA (For classes in the Core)_______
o Communication
o Mathematics
o Life and Physical Science
o Language, Philosophy & Culture
o Creative Arts
Government/Political Science
X Social and Behavioral Sciences
o Component Area Option
o American History
REQUIRED CORE OBJECTIVES (For classes in the Core)
X Critical Thinking
X Communication
X Empirical and Quantitative
o Teamwork
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
STUDENT HANDBOOK
Students are expected to follow all rules and regulations found in the student handbook and published online.
ACADEMIC DISHONESTY
Scholastic dishonesty shall include, but is not limited to cheating, plagiarism, academic falsification, intellectual property dishonesty, academic dishonesty facilitation and collusion. Faculty members may document and bring charges against a student who is engaged in or is suspected to be engaged in academic dishonesty. See Student Handbook, “Student Rights & Responsibilities: Student Conduct ([FLB(LOCAL)]”.
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.
QUESTIONS, CONCERNS, or COMPLAINTS
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Name of Chair/Coordinator:
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Crystal R.M. Wright
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Office Location:
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Gainesville Campus, Room 824
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Telephone Number:
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940-668-7731, ext. 4320
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E-mail Address:
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cwright@nctc.edu
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Name of Instructional Dean:
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Dr. Bruce King
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Office Location:
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1525 W. California St., Gainesville, Texas
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Telephone Number:
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940-668-4267
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E-mail Address:
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bking@nctc.edu
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