Principles
of Microeconomics
ECON 2302 PCM--Open Campus Syllabus
PCM = Internet Based
8
Week Session Fall 2009 synonym
44338
October 19, 2009-December 11, 2009
Instructor: Gary Livingston
Contact: glivings@austincc.edu
The best way to contact me is
through email. I check email a couple of times a day and will answer all
questions within 24 hours.
Blackboard: Blackboard is an on-line classroom
management tool. It includes a grade book, an announcements page, and a
facility for administering on-line tests and quizzes.
Course Announcements will be posted
to Blackboard; midterm exams will be administered through Blackboard; and your
course grades can be accessed through Blackboard. In addition to the email address given above and the
course listserv, communication will be done through the Discussion Board that
is part of the course's Blackboard site.
Blackboard's URL is http://acconline.austincc.edu. This is
the URL for ACC's Blackboard site. Do not go to blackboard.com, the company's
own site.
DON’T HAVE A USERNAME AND PASSWORD
YET?
If you have not created your new ACC
Username or Password through ACCeID Manager, then please go to this link: https://acceid.austincc.edu/idm/user/login.jsp.
Do not fill in your Username and
Password on this page, since you do not have either yet. DO CLICK on
“First-Time Login.”
Your ACCeID will be the first letter
of your legal, given, first name and your seven digit ACC ID number. For
example, fictional student Adam Smith might have this Username a0067701.
Once you submit this Username, just
follow the instructions.
Once you have done this, please make
sure that your correct email address is listed on Blackboard. If it is not,
please follow the instructions on this course's Announcement page of Blackboard.
The first day students can access
Blackboard is typically the day after regular registration ends.
The purpose of this course is to
familiarize the student with the generally accepted principles of microeconomics.
Microeconomics deals with the interactions between and among households and
business firms; it deals with the process by which we make our livings under
free market capitalism. In studying this process, the concepts of supply and
demand are introduced. You will learn what these concepts mean, how they
operate, how prices are determined, and how scarce resources are allocated.
Departmental Course Description, Rationale, Common Course
Objectives/Student Outcomes, and Departmental Quiz
1.
Course Description- Principles of Microeconomics
deals with the interactions between households and business firms. Students
will study the concepts of supply and demand, how prices are determined, market
structure, market failure, and income distribution.
2.
Course Rationale- This course will
give students insight into the dynamics of a market-based economy and how,
through its mechanisms, scarce resources are allocated, as well as the
theoretical and actual role of the government. The knowledge gained in the course will make
students better informed citizens and allow them to follow the debates various
economic events and policies as reported in the news media. This course is also
a foundation course that will prepare students to be successful in upper
division finance, marketing, business administration, economics, government,
and social work courses.
3.
Common Course Objectives/Student
Outcomes as established by the economics department. Students who complete this course will be able
to understand:
o
The basic concepts of scarcity and opportunity
cost;
o
The forces of demand and supply and
how they interact to create an equilibrium price;
o
how and why equilibrium prices might
change and their impact on resource allocation;
o
the theory of consumer behavior;
o
the theory of the firm;
o
the theoretical market structures of
perfect competition and monopoly.
The examinations in this course are
based on learning objectives composed by the instructor that you can find by going
to:
http://www.austincc.edu/sondg/LrnObjsExams/MillerMicroLrnObjIndex.html
Read these objectives carefully before you
read the corresponding chapter in the textbook. The learning objectives are
correlated exactly with the questions on the exams and are more
In general, after studying each
chapter, you should be able to:
The learning objectives are there to
help you focus your mind on the important concepts and theories discussed in
the unit. The exams will test your knowledge of and ability to apply these
learning objectives. Knowing this will help you efficiently allocate your
mental energies.
Required
textbook and materials:
Economics Today: The Micro View plus
MyEconLab plus eBook 1-semester Student Access Kit, 15/E:
This is a traditional introduction
to microeconomics college textbook. If you buy this text new, an access kit
granting students access to the on-line homework site, MyEconLab, and the
associated eBook has been added.
Some version of the textbook, new, used, or
eBook, is required. So is access to the course's MyEconLab site. You will not
be able to pass this class without the required text.
You can buy the eBook and MyEconLab
together as a package without the hardcopy of the textbook if you so desire.
Instructions on how to do so can be found below.
You can buy used copies of this text
also. In fact, I see no reason why you couldn't use the 13th or 14th edition if
you can find them. (Hint: Search engines). However, you need to be careful
here, because in all probability you will not receive a access kit that has not
been used, even if you buy a used 14th edition. So, if you do buy used, you
will most likely still need to buy access to MyEconLab. Instructions on how to
do this can also be found below.
WHERE TO PURCHASE:
Here is a link to MyEconLab's
explanation of how to register for the course: http://www.austincc.edu/sondg/MyEconLab/micro/2009-2010/firstday40217.htm
MyEconLab--Student Features:
(The following information about
MyEconLab was taken from the publisher's web site at http://myeconlab.com/productinfo/stu_features.shtml.
It is worth a visit since additional information in the form of javascript
windows is present on that page.)
Students benefit when they arrive
for class confident and prepared. MyEconLab is the only online assessment
system that gives students the tools they need to learn from their mistakes
right at the moment they are struggling.
A Study
Plan is generated from each student's results on Sample Tests and instructor
assignments. Students can clearly see which topics they have mastered-and, more
importantly, which they need to work on. The Study Plan links to additional
practice problems and tutorial exercises to help on those topics.
Many Study
Plan and instructor-assigned exercises contain algorithmically generated
values, ensuring students get as much practice as they need. Every problem
links students to learning resources that further reinforce concepts they need
to master.
In the
lower-left corner of each practice problem is a link to the eText page
discussing the very concept being applied. Students also have access to guided
solutions, animated graphs, audio narratives, flashcards, and live tutoring.
MyEconLab has a suite of graphing tools for practice and current news articles
that tie chapter topics to everyday issues.
MyEconLab
comes with two pre-loaded Sample Tests for each chapter so students can
self-assess their understanding of the material. Instructors can assign these
Sample Tests or create assignments using a mix of publisher-supplied content
and their own custom exercises.
The instructor of this course strongly encourages students to take the product
tour of MyEconLab available here: http://myeconlab.com/prodtour/index.html.
Important information about MyEconLab is contained in this tour. Please be sure
to view all four parts of the tour:
CHAPTER ASSIGNMENTS/TESTING***
|
UNIT I |
|
Chapter 1: The Nature of Economics
and Appendix 1 |
|
|
Chapter 2: Scarcity and the World
of Trade-Offs |
|
|
Chapter 3: Demand and Supply |
|
|
Chapter 4: Extensions of Demand
and Supply Analysis |
Test
over UNIT I due by October 30 for extra credit points.
|
UNIT
II |
|
Chapter 5: Public Spending and
Public Choice |
|
|
Chapter 20: Consumer Choice |
|
|
Chapter 21: Demand and Supply
Elasticity |
|
|
Chapter 22: Rents, Profits, and
the Financial Environment of Business |
Test
over UNIT II due by November 12 for extra credit points.
|
UNIT
III |
|
Chapter 23: The Firm: Cost and
Output Determination |
|
|
Chapter 24: Perfect Competition |
|
|
Chapter 25: Monopoly |
|
|
Chapter 26: Monopolistic Competition |
Test
over UNIT III due by November 24 for extra credit points.
|
UNIT
IV |
|
Chapter 27: Oligopoly and
Strategic Behavior |
|
|
Chapter 29: The Labor Market:
Demand, Supply, and Outsourcing |
|
|
Chapter 33: Comparative Advantage
and the Open Economy |
|
|
Chapter 34: Exchange Rates and the
Balance of Payments |
Test
over UNIT IV due by December 9 for extra credit points.
FINAL EXAM due by December 11. Extra point deadline: Dec 10
|
All
midterm/unit exams will be available
on Blackboard for re-testing purposes through December 9. All
midterm/unit exams go off Blackboard at midnight on December 9. |
Important Note: If you take these tests on time you will receive extra
credit points that will improve your grade. See "Extra
Credit Points" under "Grading"
for details. The total value of these extra credit points is equal to 3.75% of
the course grade. You can earn additional extra credit points by doing more
than the required Homework & Quizzes on MyEconLab. Details about all extra
credit points available can be found under "Extra
Credit Points."
Contact the instructor if you have fallen behind schedule so that you can put
together a plan to catch up.
Testing:
All
exams, including the final will be objective, multiple-choice question
exams.
Exams are based on the learning
objectives students are expected to master. For more information on
learning objectives, please see the section on "Learning
Objectives" in this
syllabus. Furthermore the exam questions will be drawn exclusively from the
textbook, Economics Today: The Micro View.
The exams over each Unit assigned
will include ten questions over each chapter assigned for each Unit -- forty questions
in all. The questions will appear on the exams in the order in which the
chapters were assigned for the Unit. For example, on the first exam the first
ten questions will cover Chapter 1, the next ten will cover Chapter 2, the
third ten will cover Chapter 3, and the last ten will cover Chapter 4. Indeed the questions will be numbered in exactly the same
way as the learning
objectives the questions are associated with are numbered.
The midterm/unit exams will be administered over
the internet through the course's Blackboard site. You will find them in a
folder under the tab for "Assignments" in Blackboard.
There will be ten learning
objectives listed for each chapter. Each learning objective will have 10 or
more questions connected to it by the testing program used in this course. That
program will randomly choose one question from each group of ten for the exam.
The online/unit exams will be timed.
You will have 60 minutes to answer 40 questions.
Once again, the unit exams will be
given on the Blackboard internet course platform used by ACC, so students will
need to sign on to Blackboard in order to take the exams.
You will have the opportunity to re-test
each exam twice. You do not have to re-test at all. If you are
satisfied with the score after the initial attempt, you can stop there.
If you have a second or third, the last
attempt will completely overwrite (erase) previous efforts.
So be careful, you can do worse on
these re-tests. If you re-test, you will receive the grade you made on your
last attempt.
The results of the last re-test
will be used in determining your grade. This means there is some risk in
re-taking an exam, since you could do worse. This risk is intentional. I put it there hoping that it would give you some incentive
to re-study the material if you decide to
re-take an exam. Of course, you could
do much better on the re-test.
If you do I will use that result to calculate your end of the semester grade.
You will be allowed three attempts on
each on-line, unit exam--the initial attempt and two re-tests. Blackboard 8
allows these exams to be re-set without the permission of or action by your
instructor. If you want to take a re-test, just go to Assignments and the folder that contains the exam
you want to re-test. Click on the link for that exam, and a message window will
pop up asking you if you really want to re-test. If you indicate that you do
want to re-test, then the old grade will be removed and you will be allowed to
re-test. Your score on the re-test will completely replace your old score on
the exam.
YOU
SHOULD TAKE THE EXAMS NO LATER THAN THE LISTED DATE.
The Final Exam must be taken in a
Testing Center.
You MUST show your student ID and a
photo ID in order to take an exam at a Testing Center.
The Final Exam can be taken at the Testing Centers on the Northridge,
Rio Grande, South Austin, Riverside, Pinnacle, Eastview, Round Rock,
Fredericksburg, San Marcos, or Cypress Creek Campuses. The Final Exam will be graded by the Testing Center
personnel while students wait for the results. Students will not be able to
take the final exam at the San Marcos, Round Rock, or Fredericksburg testing
centers December 4, since at least 10 days are needed for the instructor
to receive exams from these testing centers.
The final exam will be
comprehensive. Two or three questions will be drawn from each chapter covered
during the semester. The questions will be arranged in the order the chapters
were assigned. Questions over Chapter 1 will be the first ones encountered and
questions over Chapter 18 will be the last ones encountered.
You will find no questions over chapters 5 and 6, since those chapters are
skipped in this course.
You will be allowed to bring to the exam an 8.5x11
inch piece of paper with notes written on both sides. This crib sheet must
be hand written -- not typed, and it must not be a photocopy.
This crib sheet must also be turned in with your answer sheet. You must use a crib sheet even if it has nothing on it except a
note saying you didn't prepare a crib sheet with your signature.
Please make a photocopy of your crib sheet if you want to save it. The original
will be taken up with the final exam in the
Testing Center and will not be returned to you.
More information about the final can
be found on this course's Blackboard site.
There is
no retesting on the final exam.
Final Exam: Extra credit by December
9. Last day to take Final Exam: December
11.
MyEconLab Homework and Quizzes:
MyEconLab.com is the online study
guide which accompanies our Miller text. 25% of your grade, 1000 points, will
come from MyEconLab Homework and Quizzes. MyEconLab is required, not
optional.
MyEconLab has three types of
assignments:
Each
question will have a panel of helps to the left of the window. These
"helps" include
The Results page will give you your
scores on each assignment, as well as your overall average.
Quizzes and Homework assignments will have due dates.
You will not be able to do the assignments for credit after their deadlines
have passed.
Deadlines for the Homework
Assignments and Quizzes on MyEconLab can be found here:
DEADLINES FOR
Homework Assignments and Quizzes
On MyEconLab over chapters from
Economics Today: The Micro View by Roger LeRoy Miller
|
Chapter |
Homework
Points |
Quiz
Points |
Due Dates |
|
1 |
25 |
50 |
Oct
24 |
|
2 |
25 |
50 |
Oct
24 |
|
3 |
25 |
50 |
Oct
29 |
|
4 |
25 |
50 |
Oct
29 |
|
5 |
25 |
50 |
Nov
6 |
|
20 |
25 |
50 |
Nov
6 |
|
21 |
25 |
50 |
Nov
11 |
|
22 |
25 |
50 |
Nov
11 |
|
23 |
25 |
50 |
Nov
19 |
|
24 |
25 |
50 |
Nov
19 |
|
25 |
25 |
50 |
Nov
28 |
|
26 |
25 |
50 |
Nov
28 |
|
27
|
25 |
50 |
Dec
3 |
|
29 |
25 |
50 |
Dec
3 |
|
33 |
25 |
50 |
Dec
8 |
|
34 |
25 |
50 |
Dec
8 |
|
|
400 |
800 |
|
The totals
include67 extra points from homework and 133 extra points from quizzes.
Skip
Chapters 6 and 28.
The due
dates are cannot be changed. If you miss a chapter, just go on to the next
one.
Grading is based on the total number
of possible points available on the exams and
the required MyEconLab Homework & Quizzes.
There are four required Unit exams and a required final exam. Each midterm exam
will consist of 40 questions. Each question on the Unit exams (midterms) is
worth 10 points. The final exam will consist of 50 questions. Each question on
the final exam is worth 28 points.
|
|
Exam 1 |
= |
(40)
X (10) |
= |
400 |
|
|
Exam 2 |
= |
(40)
X (10) |
= |
400 |
|
|
Exam 3 |
= |
(40)
X (10) |
= |
400 |
|
|
Exam 4 |
= |
(40)
X (10) |
= |
400 |
|
MyEconLab Homework |
= |
= |
333 |
||
|
MyEconLab Quizzes |
= |
|
= |
667 |
|
|
|
Final Exam |
= |
(50)
X (28) |
= |
1400 |
|
Total Possible Points |
4000 |
Number of Points needed for Final
Letter Grade
|
|
4000-3600 |
(100-90%) |
A |
|
|
3599-3200 |
(89.9-80%) |
B |
|
|
3199-2600 |
(79.9-65%) |
C |
|
|
2599-2200 |
(64.9-55%) |
D |
|
|
2199-0 |
(54.9-0%) |
F |
There are three ways to for students
to improve their grades by earning extra credit points. The total number of
extra credit points possible is equal to 21% of
the 4000 points upon which letter grades will be determined.
Extra Credit Type 1: Take the tests
on time:
You can earn extra credit points by
taking your exams on or before the initial testing deadlines.
You will earn 20 points for each
Unit exam taken on or before its deadline. You will not lose these extra credit
points if you take the re-test for that unit.
If you take the Final on or before
its deadline, you will earn 70 extra credit points.
The total number of extra credit
points you can earn by taking the exams on time is 150. This is equivalent to
3.75% of the total points available (4000) from the tests, the final, and
required MyEconLab Homework & Quizzes.
Extra Credit Type 2: Completing more
than the required number of Homework assignments and Quizzes on MyEconLab:
MyEconLab homework assignments and
quizzes constitute 25% of the total points for the course. That is 1000 out of
a total of 4000 points. The list of homework assignments and quizzes and their
due dates can be found on the MyEconLab web
site.
The extra credit comes from the fact that if you actually did all of the
homework assignments and quizzes listed on MyEconLab for this course, you could
earn many more points than 1000. Every point beyond 1000 that you earn on this
part of the course will be added to your extra credit points.
There are around 1200 graded Homework and Quiz points available on MyEconLab.
If you were to answer all of the homework questions correctly, you would earn
around 400 points. Only 333 points are needed in order to make a 100% grade on MyEconLab
homework. So if you did earn 400 points on MyEconLab homework, 67 of those
points would be considered extra credit points.
If you were to answer all of the quiz questions correctly, you would earn 800
points. Only 667 points are needed in order to make a 100% grade on MyEconLab quizzes.
So if you did earn 800 points on MyEconLab
quizzes,133 of those points would be considered extra credit points.
67 plus 133 equals 200 points, and
together constitute 5% of 4000 points.
Extra Credit Type 3: Taking
MyEconLab Tests on the unassigned chapters of the textbook.:
Chapters 6, 28, 31, and 32 are not
assigned and will not be covered on any mid-term exam on Blackboard or on the
Final Exam.
However small tests over these chapters will be made available on MyEconLab.
Each of these tests will be worth 50 points.
If students are looking for another way to improve their grade, then they are
encouraged to read these chapters and take these tests.
Students must make 70% or better to earn
any points on these tests. This policy is meant to discourage students from
taking these tests without reading the chapters.
There will be a total of 250 extra credit points available from these
tests. 250 points is 6.25% of 4000 points.
You
must complete these extra tests before December 11 to receive any points.
Incompletes are discouraged. They
will be given only when extraordinary events intervene so as to make completion
of the course impossible. If you want an incomplete, these events must be
documented. To receive an incomplete the student must have completed two exams
with a grade of C or better. The student must also come by my office to fill
out an incomplete grade form. If the form is not filled out, an incomplete
grade will not be given.
Incompletes will not be given to
students who are behind schedule when the semester nears its end. Nor will
incompletes be given to students who need just a few more points to make the
next higher letter grade. Plenty of opportunity exists during the semester to
accomplish your goals.
If you find yourself way behind or
many points short toward the end of the semester, you may withdraw without a
grade penalty up to three weeks before the end of the semester. Please read the
following note about withdrawals.
Students are responsible for
withdrawing themselves from this course if that is what their personal
situation requires. This means that if you have taken only two of the tests and
the semester ends without your having withdrawn yourself, then you will receive
an F in the course. The instructor makes no promise either implicit or
explicit to withdraw students from the course.
In addition, students
should be aware of a change in the law regarding Withdrawals passed by the
Texas Legislature in the spring of 2007. Starting in the Fall of 2007, entering
freshman will be restricted to six non-punitive withdrawals for the whole of
their undergraduate careers while attending state colleges.
The last day to withdraw from this
course without penalty is December 7.
For Principles of Microeconomics PCM
|
EXAM |
Unit
Covered |
Chapters
Covered |
Exam
Deadline for Extra Credit Points |
Location
of Exam |
|
|
|
1 |
I |
1, 2,
3, 4 |
Oct 30 |
Blackboard |
|
|
|
2 |
II |
5, 20,
21, 22 (skip 6) |
Nov
12 |
Blackboard |
|
|
|
3 |
III |
23,
24, 25, 26 |
Nov
24 |
Blackboard |
|
|
|
4 |
IV |
27,
29, 33, 34 (skip 28, 30, 31, and 32) |
Dec
9 |
Blackboard |
|
|
|
Final |
ALL |
1-5,
20-27, 29, 33, 34 |
Dec
10 |
Testing
Center |
|
|
|
All unit exams will be available
on Blackboard for re-testing purposes through December
9.. |
|||||
Scholastic
dishonesty: Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or group; classroom
presentations, and homework.
Students with disabilities: Each ACC campus offers
support services for students with documented physical or psychological
disabilities. Students with disabilities must request reasonable accommodations
through the Office for Students with Disabilities on the campus where they
expect to take the majority of their classes. Students are encouraged to do
this three weeks before the start of the semester.
Academic
Freedom: Each student is strongly
encouraged to participate in class discussions. In any classroom situation that
includes discussion and critical thinking, particularly about economic and
political ideas, there are bound to be many differing viewpoints. Students may
not only disagree with each other at times, but the students and instructor may
also find that they have opposing views on sensitive and volatile topics. It is
my hope that these differences will enhance class discussion and create an
atmosphere where students and instructor alike will be encouraged to think and
learn. Therefore, be assured that your grades will not be adversely affected by
any beliefs or ideas expressed in class or in assignments. Rather, we will all
respect the views of others when expressed in classroom discussions.