Econ2302_0501_Principles Of Economics

NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

Econ2302_0501

12.30 PM-1:50 PM-Fall 19 A 16-Week Course-FLM-Tutoring Session/Office Hours

(FLM R202 6:00 pm-8:00 pm _TR)

 

 

 

Course Title: PRINCIPLES OF MICROECONOMICS (TR)

Course Prefix &Number: ECON 2302

Section Number:0501

Semester: Summer 2, 2019

Semester Credit Hours: 3

Lecture Hours: 3

FLM 203

Lab Hours: Tutoring Session/Office Hours (6:00 pm-8:00 pm_ TR) FLM 202

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. 

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 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. 

 

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)

FLM RM202-Office Hrs. 6:00 PM-8:30 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. Marginal Analysis (MB=MC)

 

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

 

9 Selected End of Chapters Questions Assignments

An Internet Search: Economic Indicators Article Summary Assignment

90 Points

10 Points

3 PHASES

 

 

 

 

10

 

 

Investment Portfolio SIMULATION PROJECT:

Phase 1-Portfolio Inception Report 25 points

Phase 2-Final Portfolio Performance Report 60 points

Phase 3-Presentations 5 Points

Phase 4-A Local Bank Trip Day- Money Market and Savings Accounts Rates Research 10 Points

Connect Learn-Smart Pre/Post Chapters Presentations Practice Assignments

Readiness Quizzes (90)  plus An Internet Search: Economic Indicators Article Summary Assignment (10)

Canvas Computed Attendance Grade

100 Points

 

 

 

 

   100 Points

                     100 Points

      100   Points

 

Course Expected Aggregate Points

900

 

 

 

 

 

 

  • NOTE: THANKSGIVING HOLIDAYS-NOVEMBER 27-30-Best Wishes

 

 

 

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 THE FOLLOWING GUIDELINES CAREFULLY

Students will make corrections on homework assignments Chapters 1-7 for extra credit to reinforce the chapter’s fundamental power points presentations CONCEPTS.

  • Late and Missing assignments will be subject to a 10-point Penalty deduction-After The One Day (1) Grace Period
  • You have One (1) Day Grace Period to Complete All Late and Missing Assignments. Please, Tardiness is Unacceptable
  • Please don’t submit your assignments per the web-site/Internet.
  • All Assignments MUST Be Typed and 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. All Make-Up Exams Without Prior Permission, Are Subject To The Department Chair’s Endorsement Or A Physician’s Official Note. Arrange With Your Professor For Readiness Make-Up Quizzes.

 

 

TENTATIVE COURSE SCHEDULE

 

 

TEST 1 Oct. 3-Learning Outcomes

  • Limits Alternatives and Choices-Chapter 1: Review Questions: p. 19: Q. 1 and Problems p. 20 Q. 5. Due: Sept. 5
  • APPENDIX: Using Graphs and Their Meaning: Problems: p. 26: Q. 3. Due: Sept. 5
  • Market System and Circular Flow-Chapter 2: p. 43: Discussion Q. 1; & p. 44: Review Q. 2 Due: Sept. 10
  • Price, Quantity, and Efficiency: Demand, Supply and Market Equilibrium-Chapter 3 Chapter 3: p. 57: With the Graph Sheets, Plot the data, Develop the Graph, and Practice Figure 3.6. And Also Complete the Quiz Below The Graph. On p. 68, Solve Problem Q. 7A, 7B, AND 7C. Due: Sept. 17
  • Complete Learn Smart Post Presentation Chapters 1,2,3-Due: Sept. 26
  • Pre-Exam Quiz#1-Due Sept. 24
  • Readiness Quiz 1-Sept. 5; Quiz 2- Sept. 10; Quiz 3-Sept. 17

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

PORTFOLIO ANALYSIS DUE DATES

  • Unit 1-Portfolio Inception Due: Sept. 10
  • Unit 2-`Money, Banks, and the Federal Reserve System-Bank Trip Research Collaboration Day Due: Nov. 19.
  • Unit 2-Portfolio Performance Final Report –ROE-SUBMISSIONS, PRESENTATIONS AND FIRST VERICITE DROP BOX UPLOD- Nov. 21
  • Unit 3-Presentations CONTINUATION-Nov. 21
  • Unit 4-Portfolio Corrections Report and FINAL VERICITE UPLOAD-Due: Nov. 26 Drop Box 2

 

 

 

TEST 2: Nov. 5-Learning Outcomes

  • Market Failures: Public Goods and Externalities-Chapter 4: p. 96: Discussion Q. 2 and p. 96: Review Q. 2.  Due: Oct.8
  • Government Role and Government Failure-Chapter 5: p. 114. Review Questions Q. 4 & 5.  Due: Oct. 15
  • Consumer Behavior: Elasticity-Chapter 6: p. 137. Problem Q. 3.  Due: Oct. 22
  • Consumer Behavior: Utility Maximization-Chapter 7: p. 141: Develop Graph, Compute and Practice Figure 7.1; Also Complete Quick Quiz For Figure 7.1. Also on p. 151, solve Problem Q. 5-Due: Oct. 24
  • Complete Learn Smart Post Presentation Chapters 4,5 ,6, & 7-Due: Oct. 29

Pre-Exam Quiz # 2-Oct. 29

Readiness Quiz: Q. 4- Oct. 8; Q. 5-Oct. 22; & Q. 6-Oct. 29

Corrections for Homework Assignments: 1, 2, 3-Due on Oct. 31

 

Final Exams-Learning Outcomes: According to The College CalendarMay 8

  • Behavioral Economics-Chapter 8: p. 177: Review Q. 3  Due: Nov. 12
  • Bank Trip Day-Nov. 19
  • Business and the Cost of Production-Chapter 9: p. 190, Develop The Graph, Compute and Practice Fig 9.5; Write the Figure Analysis Summary, and solve the Quick Quiz Questions. Addition, on p. 200 & 201 Under Review Questions, solve Q. 4. Due: Nov. 19
  • Pure Competition in the short Run-Chapter 10: p. 209, Develop The Graph, Compute and Practice Fig 10.2; Write the Figure Analysis Summary, complete the Quick Quiz Questions-p.209. For Review Questions on p. 218 solve Q. 2 & Q. 4.  Due: Nov. 21
  • International Economics: International Trade- Chapter 26-pp. 531-538, Practice Fig 26.3, Fig 26.4 & Fig 26.5. Key Final Exam Question-p. 541, Q.8. . Due: Nov. 26
  • Internet Search: Key Economic Indicators such as Housing Starts-Due: Nov. 26
  • Complete Learn Smart Post Presentation Chapters 8, 9, & 10-Due: Dec. 3

Pre-Final Quiz Due: Dec. 3

Readiness Quiz: Q. 7-Nov. 12; Q. 8-Nov. 19; & Q. 9-Nov. 26

 

Corrections for Homework 4, 5, 6, & 7 Plus Portfolio ROE Final Report-Dec. 3

 

 

 

 

 

 

 

 

 

 

 

 

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” Nov. 1  

 

 

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

 

Specific Conduct Regulations/Restrictions as found in NCTC Catalog 2017-18, page 266-267

 

Violations of the Student Code of Conduct shall include aiding, abetting, conspiring, soliciting, inciting of, or attempting to commit the following:

1. Academic Dishonesty:

a. Cheating:

 (1) Copying from or reviewing another student’s examination prior to or during the examination.

(2) Copying from another student’s paper, laboratory report, presentation, computer program, or other assignment.

(3) Using or possessing unauthorized notes, books, test materials, electronic devices, or other aids in any academic exercise or activity.

(4) Submitting the same paper, report, or other assignment for more than one course without the expressed permission of the faculty member.

(5) Collaborating with or seeking aid from another student during a test without permission from the test administrator.

(6) Knowingly using, buying, selling, stealing, or soliciting, in whole or in part, the contents of a paper, another assignment, or test, whether it has been administered or not.

(7) The unauthorized transporting or removal, in whole or in part, of the contents of a test, whether it has been administered or not.

(8) Substituting for another student, or permitting another student to substitute for one’s self, to take a test.

(9) Bribing another person to obtain a test or information about a test, whether it has been administered or not.

b. Plagiarism:

(1) Appropriating, buying, receiving as a gift, or obtaining by any means another’s work and the unacknowledged submission or incorporation of it into one’s own written work.

(2) Copying or using the ideas, writings, paraphrases, data, reports, graphic designs, or computer codes of published or unpublished work of another person without appropriate citation or acknowledgments.

(3) Reproducing or using the ideas, materials, works, paraphrases, data, reports, graphic designs, or computer codes prepared by another person or agency without authorization, permission or acknowledgment.

c. Collusion: Unauthorized collaboration with another person in preparing written work for fulfillment of course requirements including a presentation, laboratory report, quiz, homework, take-home examination, project, or other work expected to be completed as an individual or independently.

d. Academic Falsification:

(1) Providing false, altered, or fabricated information or documentation in the context of an academic assignment, examination, or obligation, such as creating a false source for an assignment or citing a source one did not use.

(2) Altering grades on an assignment, examination, laboratory report, quiz, or other academic work and submitting such to a faculty member or College District employee.

(3) Using false or altered information, data, or identification in the context of an academic obligation.

e. Intellectual Property Dishonesty:

(1) Altering, removing, or defacing College District library or educational materials.

(2) Selling, electronically posting, publishing, or distributing course lecture notes, handouts, recordings, or other materials or information from the faculty member of the course without the expressed permission of the faculty member.

(3) Removing or intentionally damaging the academic property of a faculty member or another student, including projects, books, papers, notes, laboratory assignments, clinical forms, or electronic hardware or software.

(4) Obtaining or using the password of a faculty member or another student to access course hardware or software.

(5) Taking credit on a group assignment when one did not contribute toward completion of the assignment.

(6) Violating the ethical standards of practices in professional programs (i.e., health sciences, nursing, emergency medical assistance, and the like).

f. Academic Dishonesty Facilitation: Assisting any person in the commission of academic misconduct, including but not limited to:

(1) Aiding, abetting, or attempting to commit an academic misconduct violation.

(2) Allowing another student to copy or use one’s answers during an examination or in the completion of an assignment.

 (3) Taking, completing, or attempting to take an examination or complete assignment for another student.

(4) Listing another student on a group assignment when the student did not contribute in any manner toward completion of the assignment.

 

 

 

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. Bruce King

 

Office Location:

1525 W. California St., Gainesville, Texas

 

Telephone Number:

940-668-4267

 

E-mail Address:

bking@nctc.edu

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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