NORTH CENTRAL TEXAS COLLEGE
COURSE SYLLABUS
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Course Title:
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Principles of Microeconomics
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Course Prefix & Number:
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ECON2302
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Section Number:
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501
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Semester/Year:
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Fall 2020
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Semester Credit Hours:
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3
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Lecture Hours:
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3
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Lab Hours:
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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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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
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 (Please use Canvas email if available!)
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OFFICE HOURS
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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1:30-4pm
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1:30-5pm
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1:30-4pm
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1:30-5pm
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Additional times available by request
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STUDENT LEARNING OUTCOMES (From Academic Course Guide Manual/Workforce Education Course Manual/NCTC Catalog
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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Identify the benefits of free trade using the concept of comparative advantage.
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GRADING CRITERIA
Graded Course Elements
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Percentage or Point Values
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Reading/Homework
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20%
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Quizzes
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20%
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Project
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20%
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Exams
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40%
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Grading Policies
The 2 lowest homework grades will be dropped. The lowest quiz grade will be dropped. No late assignments will be accepted. 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.
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.
Refer to Canvas calendar for most accurate due dates.
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)
Attendance will be recorded via a “Question of the Week” discussion. 20 extra credit points are awarded for attendance. Students will lose 1 point for each missed discussion.
Last day to withdraw from a course with a “W” is November 2, 2020.
COVID-19 Information Fall 2020
Potential Conversion of Onsite Classes to Online/Remote Format: North Central Texas College students should be aware that in the event of a college closure due to COVID-19, onsite classes will be converted to an online/remote format. Students should plan ahead to ensure they have access to the computer equipment (either PC, MAC, or tablet), webcam, and internet connectivity to continue their classes in an online/remote format. Please read all your official North Central Texas College student emails as the transition from onsite to online/remote might require a reorganization in your personal situation. Students will be granted a 72-hour transition and grace period. Online classes will continue as scheduled without disruption. Wear a mask, stay safe, and contact your Instructor as the situation arises. These policies and procedures were updated on July 30, 2020 and are subject to change.
Face Coverings: Per the North Central Texas College guidance on face coverings on campus, in the instructional setting, faculty and students must wear face coverings, such as masks or face shields. Students without coverings, or those who do not comply with the rules relating to face coverings, will not be able to participate in on-campus classroom activities. To request an exception to this requirement, students should contact the NCTC HR Office of Enrollment Management (ccove@nctc.edu). Failure to comply with the face coverings requirement may result in the Instructor directing the student to leave the classroom. Any student asked to leave the classroom may be referred to the student conduct officer. These policies and procedures were updated on July 30, 2020 and are subject to change.
Temporary COVID-19 Attendance Policy for Face-to-Face Meetings: We are facing an unprecedented situation in which all of us must be flexible and make prudent decisions in the best interest of our families, our campus, and our community. In light of this, North Central Texas College is temporarily establishing the requirement that faculty keep records of student attendance for face-to-face course meetings as well as a documented seating chart. In addition, students who are sick or need to quarantine should not attend classes. Students will not be required to provide formal documentation from a health care provider and will not be penalized for COVID-19 related absences when proper notification to campus health officials is made in accordance with the guidelines stated below.
Faculty will:
- Notify students about important course information and delivery changes through Canvas and campus email.
Students should:
- Provide notification to campus officials (via NCTC Daily Health Check protocol through Canvas) if they have tested positive for COVID-19 or have to quarantine so we can confirm reported absence with instructors, monitor, and assist the campus community.
- Notify instructors in advance of the absence.
- Connect with that class through Webex if the class session is being transmitted in a hybrid fashion.
- Keep up with and/or make up missed classwork or assignments.
- Submit assignments digitally through Canvas or other means as announced by your instructor.
- Work with their instructors to reschedule exams, labs, and other critical academic activities described in the course syllabus.
- Check Canvas and campus email daily to receive important announcements pertaining to the course.
During this period, faculty with face-to-face meetings will establish assigned seating/work stations to facilitate roll-taking, and, if necessary, contact tracing. Additionally, we ask all members of the College community to be attentive to their health, and safeguard others, by following the CDC’s guideline to “stay home when you are sick.” You should stay home if you have symptoms. More information on what to do if you are sick is available at the CDC’s website.
Additional NCTC information is available at http://www.nctc.edu/coronavirus/index.html
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)_______
Communication
Mathematics
Life and Physical Science
Language, Philosophy & Culture
Creative Arts
Government/Political Science
X Social and Behavioral Sciences
Component Area Option
American History
REQUIRED CORE OBJECTIVES (For classes in the Core)
X Critical Thinking
X Communication
X Empirical and Quantitative
Teamwork
Personal Responsibility
X Social Responsibility
Academic General Education Course (from ACGM but not in NCTC Core)
X Academic NCTC Core Curriculum Course
WECM Course
Students are expected to follow all rules and regulations found in the student handbook and published online.
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
Name of Chair/Coordinator:
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Adam Ramsey
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Office Location:
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Gainesville Campus, Room 814
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Telephone Number:
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940-668-7731, ext. 4925
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E-mail Address:
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aramsey@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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316 E Hickory St, Denton, TX 76201
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Telephone Number:
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940-380-2504
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E-mail Address:
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bking@nctc.edu
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