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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: 403
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Semester: Spring 2020
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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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Required Material:
McGraw Hill "Principles of Microeconomics" McConnell, Brue and Flynn, 21st edition
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
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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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Corinth Rm 313
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Telephone Number:
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940-498-6282 ext 6537
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E-mail Address:
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ykirshey@nctc.edu
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Teaching Schedule:
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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 – 10:50 am
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8:20 – 9:50 am
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9:30 – 10:50 am
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8:20 – 9:50 am
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Econ 2302.400
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Econ 2301.847
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Econ 2302.400
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Econ 2301.847
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Corinth 264
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** at FMHS **
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Corinth 264
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** at FMHS **
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**FMHS is Flower
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Mound High School
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11 am – 12:20 pm
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11 am – 12:20 pm
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Online 342
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Econ 2302.403
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Econ 2302.403
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Corinth Rm 264
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Corinth Rm 264
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12:30 – 1:50 pm
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12:30 – 1:50 pm
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12:30 – 1:50 pm
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12:30 – 1:50 pm
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Econ 2301.402
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Econ 2301.403
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Econ 2301.402
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Econ 2301.403
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Corinth Rm 264
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Corinth Rm 264
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Corinth Rm 264
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Corinth Rm 264
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Office Hours:
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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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7:50 – 8:20 am
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7:50 – 8:20 am
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** at FMHS **
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** at FMHS **
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11 am – 12:30 pm
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10:30 am – 11 am
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11 am – 12:30 pm
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10:30 am – 11 am
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Rm 264 Corinth
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Rm 264 Corinth
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1 – 2 pm
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Online/D.C
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2 pm – 3 pm
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2 – 3 pm
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2 pm – 3 pm
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2 – 3 pm
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2 – 4 pm
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Online
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Online/d.c. –
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designated for
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dual credit classes
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Plus all emails answered within 24 hours
If all of the above times conflict with other classes you may have, please email me to set up an appointment.
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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15 of 16
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Homework/ Quiz / LS – all Online per chapter
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25%/15%/10%
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16
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Class Participation activities, group work, attendance
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10%
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3 of 4
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In class Tests
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35%
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1
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Project
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5%
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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. No date changes, earlier or later
There will be an online homework assignment for each chapter. No late assignments accepted, no make-ups.No date changes, earlier or later
There will be a Learnsmart Module for each chapter. No late, no make-ups.No date changes, earlier or later
Approx. every 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. No date changes, earlier or later
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, No date changes, earlier or later
10%: learnsmart modules - online - one for each chapter. Check due dates carefully.
5% - Industry Project
35% : in-class exams: 3 during the semester - no make ups, no exceptions, NO cell phones as calculators. Final exam - cummulative, No cell phone as calculators.
10%: in-class participation, worksheets, group work, etc... (make ups will be available PLEASE stay home if you are sick)
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. No other rounding or grade adjustments.
All class dates are very important. If you are not in class then you miss important information.
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I do not accept late work. I do not make calendar adjustments for individual students. In the case of a technology issue with our third parties or inclement weather, adjustments will be made for the entire class. Due dates are strictly enforced. No make-up work is offered or accepted. No assignments will be opened early, no exceptions
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Tentative Course Schedule
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See the Calendar (Very useful tool) and the modules, and the upcoming ' to do' list for all due dates
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Ch 1 Limits, Alternatives and Choices
Ch 2 The Market System and the Circular Flow
Ch 3 Demand, Supply and Market Equilibrium
Ch 4 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
Ch 14 Oligopoly
Ch 16 The Demand for Resources
Ch 17 Wage Determination
Ch 18 Rent, Interest and Profit.
Ch 26 International Trade
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Other Pertinent Information
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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 972-841-9438 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. All absences are considered to be 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 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)
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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Last day to withdraw from a course with a “W” is __April 3rd___.
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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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DISABILITY SERVICES (OSD)
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.
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
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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
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
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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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Crystal R.M. Wright
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Office Location:
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Gainesville Campus, Rm 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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New Denton Campus
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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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