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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: 0341
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Semester: Fall 2021
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Semester Credit Hours: 3
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Lecture Hours:48
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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, 22nd 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 205
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Telephone Number:
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940-498-6282 ext 6537 ** barely ever there
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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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8:20 am – 9:50
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8:20 am – 9:50
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8:20 am – 9:50
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8:20 am – 9:50
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** MHS **
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** MHS **
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** MHS **
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** MHS **
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ECON 2301.0843
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ECON 2301.0844
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ECON 2301.0843
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ECON 2301.0844
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11:30 – 12:50 pm
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11:30 – 12:50 pm
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ECON 2302.0400
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ECON 2302.0400
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Corinth Rm 264
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Corinth Rm 264
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Online:
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ECON 2301.0340
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macro
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** MHS is
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ECON 2302.0340 & 0341
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micro
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Marcus High School
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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 am – 8:20 am
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7:50 am – 8:20 am
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7:50 am – 8:20 am
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7:50 am – 8:20 am
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** at MHS **
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** at MHS **
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** at MHS **
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** at MHS **
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10:15 – 11:15 am
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10:15 – 11:15 am
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Corinth Rm 205
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Corinth Rm 205
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3:20 - 4:50 pm
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3:20 - 4:50 pm
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Online: MHS
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Online: 2- 5 pm
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2 pm – 4 pm
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Plus all emails answered within 24 hours, except on weekends/Holidays
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 / SB
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20%/15%/6%
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16
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Chapter activities/Discussion Boards
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6%/8%
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3 of 4
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Exams
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40%
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2
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Projects
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5%
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For an extra credit point on exam 1, send a pic of anything College Football through Canvas email.
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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. 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 2 days of class. Online. No make-ups. No exceptions. No cell phones as calculators.
There will be powerpoint slides in the Unit Modules in Canvas for each chapter.
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 __Nov. 1st___.
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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 (Links to an external site.)
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 (Links to an external site.)
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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 (Links to an external site.)
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 (Links to an external site.)
Financial Aid offers financial resources for students that qualify, visit the financial aid offices for more information. http://www.nctc.edu/FInancialAidHome.aspx (Links to an external site.)
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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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Donna Smith
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Office Location:
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Corinth Campus, Rm 208
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Telephone Number:
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940-498-6266
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E-mail Address:
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dhooper@nctc.edu
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Name of Instructional Dean:
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Sara Flusche
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Office Location:
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Gainesville Campus, Rm 1312
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Telephone Number:
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940- 668 - 3312
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E-mail Address:
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sflusche@nctc.edu
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COVID-19 Specific Syllabi Statements Fall 2021
Syllabi statement regarding 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 or other health related crisis, 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 27, 2021 and are subject to change as conditions change. Syllabi Statement Regarding Face Coverings: Per the North Central Texas College guidance on face coverings on campus, in the instructional setting, faculty and students are not required to wear face coverings, such as masks or face shields. In May, Texas Governor Gregg Abbott released an Executive Order prohibiting Government entities from mandating the use of masks. As a political subdivision of the State of Texas, NCTC will follow the Governor’s Executive Order for Government entities and effective immediately NCTC is no longer mandating the use of masks while on campus. This order does not mean that you cannot choose to wear a mask, rather it is no longer allowed to be mandated. These policies and procedures were updated on May 19, 2021 and are subject to change. Return to Standard Attendance Protocol for Face-to-Face Meetings: In spring 2020, we faced an unprecedented situation in which all of us had to 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 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 the fall 2021 semester, 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