NORTH CENTRAL TEXAS COLLEGE

COURSE SYLLABUS

COURSE AND INSTRUCTOR INFORMATION

Course title: Principles of Microeconomics    

Course prefix, number, and section number: ECON2302 0340

Semester/Year of course: Fall 2022

Semester start and end dates: 8/22/2022 – 12/10/2022

Modality (Face to face/Synchronous or Asynchronous online/Hybrid): Asynchronous online

Class meeting location, days, and times: None

Lab meeting location, days, and times: None

Semester credit hours: 3

Course description: 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 prerequisites: none

Required course 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. 

Name of instructor: Caroline Gosch Wunder

Office location: Gainesville campus, MSS #816

Telephone number: (940) 668 - 7731 Ext. 4904

E-mail address: cgosch@nctc.edu

Office hours for students: Monday – Thursday from 3:00 – 5:00 pm Online (I will respond to emails Monday through Friday from 8:00 am to 5:00 pm. I will respond to emails received after 5:00 pm the following business day.) 

SYLLABUS CHANGE DISCLAIMER

The faculty member reserves the right to make changes to this published syllabus if it is in the best interest of the educational development of this class. Any such changes will be announced as soon as possible in person and/or writing.

SUMMARY OF COURSE ASSIGNMENTS

List of graded assignments: 29 Assignments, 15 Quizzes, 5 Exams

Final grade scale: 89.50 – 100 = A, 79.50 – 89.49 = B, 69.50 – 79.49 = C, 59.50 – 69.49 = D, 59.49 or below = F 

Late work policy: No late or makeup work is accepted. Instead, the lowest 5 assignment grades, lowest 3 quiz grades, and lowest 1 (one) exam grade will be dropped at the end of the semester.

SEE CANVAS FOR THE COMPLETE COURSE CALENDAR, OUTLINE, DETAILED DESCRIPTION OF GRADED WORK, AND OTHER RELATED MATERIAL.

COURSE POLICIES

Academic Integrity Policy: 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)]”. 

Instructor-specific Academic Dishonesty Policy: 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 or Connect 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 at my NCTC email address: _cgosch@nctc.edu_. Again, do not give anyone access to your Canvas or Connect account. Any student who cheats on any course material (exams, quizzes, and post-tests) will immediately receive a grade of zero “0” for the assignment and academic dishonesty papers will be filed with the Dean and VP of Instruction.

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)

Additional Instructor-specific Absence Policy: (Online course) While attendance will not be tracked, regular logins to Canvas and Connect are crucial to successful completion of this course.  It is up to you to keep up with due dates and announcements. Note: I DO NOT drop students-- if you stop logging into Canvas and completing assignments in Connect, and do not drop the class, you will receive an “F” in the course.  It is YOUR responsibility to drop the class or withdraw if you so choose.

Withdrawal Policy

A student may withdraw from a course on or after the official date of record. It is the student’s responsibility to initiate and complete a Withdrawal Request Form.

Last day to withdraw from the course with a “W” is: Monday, October 31st, 2022    

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:

1. Explain the role of scarcity, specialization, opportunity cost, and cost/benefit analysis in economic decision-making.
2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.
3. Summarize the law of diminishing marginal utility; describe the process of utility maximization.
4. Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue.
5. Describe the production function and the Law of Diminishing Marginal Productivity; calculate and graph short-run and long-run costs of production.

6. 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.
7. Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis.
8. Describe governmental efforts to address market failure such as monopoly power, asymmetric information, externalities, and public goods.
9. Identify the benefits of free trade using the concept of comparative advantage.

Core Objectives: Critical Thinking, Communication, Empirical and Quantitative, Social Responsibility

COLLEGE POLICIES

STUDENT HANDBOOK

Students are expected to follow all rules and regulations found in the Student Handbook.

ADA STATEMENT

NCTC will adhere to all applicable federal, state and local laws, regulations and guidelines with respect to providing reasonable accommodations to afford equal educational opportunity. It is the student’s responsibility to contact the Office for Students with Disabilities to arrange appropriate accommodations.  See the OSD Syllabus Addendum.

STUDENT SERVICES

NCTC provides a multitude of services and resources to support students.  See the Student Services Syllabus Addendum for a listing of those departments and links to their sites.

QUESTIONS, CONCERNS, or COMPLAINTS