ECON 2302 421 - PRINCIPLES OF MICROECONOMICS

Introduction

Summer II Econ2302.421 Syllabi

NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

 

 

 

Course Title: PRINCIPLES OF MICROECONOMICS (MTWR) 11:00 am-11:50 am

Course Prefix &Number: ECON 2302

Section Number: 421

Semester: Summer II 5 Week 2018

Semester Credit Hours: 3

Lecture Hours: 3

COR/COR01/216

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.

Course Prerequisite(s): None

Required Materials:

Registration in the course gives you access to the e-book needed for ECON2302.  You do not need to purchase a separate textbook. 

Supporting Materials

Low-function (11 functions or less) calculator and Graph Sheets for use during class sessions and exams.

 

INSTRUCTOR INFORMATION

Name of Instructor:

Moses Omane-Boateng

Campus/Office Location:

Econ & Govt. Dept.: Corinth (RM 313)

Corinth Office Hrs. 1:00-3:00 PM

Telephone Number:

Corinth: 940-498-6295

E-mail Address:

Momane-boateng@nctc.edu/kwadwo@yahoo.com

STUDENT LEARNING OUTCOMES

 

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.

 

Describe governmental efforts to address market failure such as monopoly power, asymmetric information, externalities, and public goods.

 

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

 

GRADING CRITERIA

# of Graded Course Elements

Graded Course Elements

Percentage or Point Values

3

Three Exams: 100 Points Each

300 Points

3

Three Pre-Exam Quizzes: 33, 33, & 34 Points

100 Points

10

 

10 Selected End of Chapters Questions Assignments

An Internet Search: Economic Indicators Article Summary Assignment-Extra Credit

100 Points

10 Points

3 PHASES

 

 

 

10

 

 

Investment Portfolio SIMULATION PROJECT:

Portfolio Inception Report 25 points

Portfolio Performance (ROE) Presentations 5 points

Final Performance Portfolio Report 50 points

Connect Learn-Smart Post Chapters Presentations Practice Assignments

A Local Bank Trip Day: Money Market and Savings Account Search (10) and Readiness Quizzes (90)

Canvas Computed Attendance Grade

100 Points

 

 

 

100 Points

 

100 Points

               

100 Points

Course Expected Aggregate Points is 900

 

 

 

 

 

 

 

 

 

GRADING POLICY AND PROCEDURES

 

 

TOTAL POINTS EARNED MEASURED BY PERCENTILE LEVEL ARE:

100-90=A, 89-80=B, 79-70=C, 69-60=D, 59-0=F

NOTE:

Students will make corrections on homework assignments for extra credit to reinforce the chapter’s power point presentations.

  • Late Assignment will be subject to a 5-point Penalty deduction
  • Please Don’t Submit your assignment per the web-site/Internet.
  • All Assignments MUST be submitted in class

Make-Ups

Rare instances are make-ups given. If you know in advance you will be absent on a test date, you may make a special arrangement with your professor for the Make-Up Quizzes/Exams.

 

 

 

TENTATIVE COURSE SCHEDULE

 

TEST 1-Jul. 18-1-Learning Outcomes

  • Limits Alternatives and Choices-Chapter 1: Review Questions: p. 18: Q. 1 and Problems p. 20 Q. 5. Due: Jul. l 10
  • APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3. Due: Jul 10
  • Market System and Circular Flow-Chapter 2: p. 43: Discussion Q. 1; & p. 44: Review Q. 2 Due: Jul. 11
  • Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3: p. 57: Practice Figure 3.6.; & p. 68: Problem Q. 7. -Due: Jul 12
  • Complete Learn Smart Post Presentation Chapters 1,2,3-Due: Jul 16

Pre-Exam Quiz#1-Due Pre-Exam Quiz #1 Jul 12

Readiness Quiz 1-Jul. 10, Quiz 2-Jul. 11, Quiz- 3, Jul. 12.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

PORTFOLIO ANALYSIS DUE DATES

Portfolio Inception Due: Jul. 11

Portfolio Performance Final Report and Presentations Due: Aug. 6

 

 

 

TEST 2: Jul. 25-Learning Outcomes

  • Market Failures: Public Goods and Externalities-Chapter 4: p. 95: Discussion Q. 2 and p. 96: Review Q. 2.  Due: Jul. 16
  • Government Role and Government Failure-Chapter 5: p. 114. Review Questions Q. 4 & 5.  Due: Jul. 17
  • Consumer Behavior: Elasticity-Chapter 6: p. 137. Problem Q. 3.  Due: Jul. 19
  • Consumer Behavior: Utility Maximization-Chapter 7: p. 145: Practice Table 7. 2 & p. 151: Problem Q. 5 Due: Jul. 23
  • Complete Learn Smart Post Presentation Chapters 4,5,6, & 7-Due: Jul. 24

Pre-Exam Quiz # 2-Jul. 23

Readiness Quiz: Q. 4- Jul 16, Q. 5-Jul. 19, & Q. 6-Jul. 23.

 

Final Exams-Learning Outcomes: Aug. 9ayuesday, May 8 Tuesday, May 8

  • Behavioral Economics-Chapter 8: p. 178: Review Q. 3 Due: Jul 26
  • Internet Search: Key Economic Indicators such as Housing Starts-Due: Jul. 26
  • Business and the Cost of Production-Chapter 9: p. 190 Practice Fig 9.5 and solve the Quick Quiz Questions and Review Q. 4.  Due Jul. 30
  • Bank Trip Day- Jul. 30
  • Pure Competition in the short Run-Chapter 10: p. Practice Fig 10.3 and Solve the Quick Quiz Questions. Review Questions p. 218 Q. 2 & Q. 4.  Due: Jul. 31
  • International Economics: International Trade- Chapter 26-pp. 528-530, Practice Fig 26.3, Fig 26.4 & Fig 26.5. Key Final Exam Question-p. 541, Q.8. . Due: Aug. 1
  • Complete Learn Smart Post Presentation Chapters 8, 9, & 10-Due: Aug. 1

Pre-Final Quiz Due: Aug. 6

Readiness Quiz: Q. 7-Jul. 23, Q. 8-Jul 26, Q. 9-Jul 30.

 
  • Please Note: 4TH of July Independence Day Holiday

 

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)]”. 

 

 

OTHER PERTINENT INFORMATION

 

 

 

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 Corinth: 940-498-6295 or my NCTC email address: momane-boateng@nctc.edu

  1. Again do not give anyone access to your Canvas account.  Any student who cheats on any course material (exams, assignment, and posttests) will immediately fail the course and academic dishonesty papers will be filed with the Dean and VP of Instruction.
  2. Last day to withdraw from a course with a “W” is August 2

 

 

 

 

 

 

 

ATTENDANCE POLICY

All absences are unauthorized unless the student is absent due to illness or emergencies as determined by the instructor.  It is the student responsibility to provide documentation as to the emergency for approval and judgement by the faculty member.  Approved college sponsored activities are the only absences for which a student should not be held liable and only when provided by a college official ahead of the absence.  Valid reasons for absence, however, do not relieve the student of the responsibility for making up required work.  Students will not be allowed to make up an examination missed due to absence unless they have reasons acceptable to the instructor.  A student who is compelled to be absent when a test is given should petition the instructor, in advance if possible, for permission to postpone the exam.  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 enough 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)

 

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.

 

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

 

COREC CURRICULUM FOUNDATIONAL COMPONENT AREA 


         Communication

         Mathematics               

         Life and Physical Science

         Language, Philosophy & Culture

         Creative Arts

 

         American History

         Government/Political Science

X         Social and Behavioral Sciences

         Component Area Option


 

REQUIRED CORE OBJECTIVES (FOR CLASSES IN THE CORE)


X               Critical Thinking

X               Communication

X               Empirical and Quantitative

 

               Teamwork

               Personal Responsibility

X               Social Responsibility


COURSE TYPE

         Academic General Education Course (from ACGM but not in NCTC Core)

X         Academic NCTC Core Curriculum Course

         WECM Course

 

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 based on race, color, national origin, gender, religion, age, or disability in the employment or the provision of services.

 

QUESTIONS, CONCERNS, or COMPLAINTS

Name of Chair/Coordinator:

Crystal R.M. Wright

Office Location:

Gainesville Campus, Room 824

Telephone Number:

940-668-7731, ext. 4320

E-mail Address:

cwright@nctc.edu

Name of Instructional Dean:

Dr. Larry Gilbert

Office Location:

Corinth Campus, Room 305

Telephone Number:

940-498-6216

E-mail Address:

lgilbert@nctc.edu

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Syllabus File(s)

There are no Handouts for this set.