Microeconomics Syllabus

Course Description

Content of the course examines specific economic units; households, firms, industries, labor groups; and how these individual units behave in the marketplace. Market structures of pure competition, monopolistic competition, oligopolies and monopolies are examined. Course may require participation in outside classroom activities/events that relate to the course outcomes.

Course Outcomes

At the end of this course, students will be able to:

• Analyze the economic way of thinking
• Explain how free and competitive markets allocate resources through the interaction of supply and demand
• Evaluate the different effects caused by changes in demand and supply conditions
• Evaluate the models used by economists to explain how efficient production decisions are made in an environment of scarcity
• Evaluate the impacts of government actions in markets on efficiency and fairness
• Analyze the impacts of taxes on consumers, producers, employers, and workers
• Evaluate the benefits and costs of international trade
• Assess the provision and importance of public goods
• Evaluate methods of efficiently dealing with negative externalities
• Determine how rational consumers make choices to maximize their satisfaction
• Analyze a firm's short-run and long-run costs
• Analyze the decisions made by a firm operating in perfectly competitive markets
• Analyze the behavior of a monopoly
• Evaluate how firms in monopolistic competition and oligopoly determine their profit-maximizing strategies
• Evaluate the way factor markets determine a society's distribution of income

Course Materials

Title: Foundations of Microeconomics Edition: 7 Author: Bade and Parkin ISBN: 9780133477108

You will receive an electronic textbook (eText) with your class. This eText contains all the readings for this course. You will find careful attention to and completion of the assigned eText readings will result in better quiz and test scores. The time required to complete the readings can be found in the Pace Chart and the required readings can be found in the Course Checklist under the Course Home as well as the Checklist under each lesson.

Lesson Checklists

Every lesson has a prescribed checklist of activities required to successfully complete the lesson. Follow this checklist, in the specified order, to complete each lesson.

Activities

Microeconomics is made up of numerous graded assignments listed below, as well as ungraded practice assessments.

EVALUATION/GRADING OF TASKS: 

 

            Grading will be on the basis of tests and participation/contribution per the following scale:

 

Lesson Assignments/Discussions				15 x 10 points		150
Lesson Quizzes						120
Course Project				55 points		55
Course Tests				5 x 15 points		75
Comprehensive Final Exam				100 points		100
Total Points Available						500
A	450
B	400
C	350
D	300
F	<300

 

 

 Course Participation

Unlike a traditional, in-seat course, where you may be required to attend at a set time and participate in class, you do not need to attend this class at a specific time every day and there is no participation requirement. Your success will be wholly determined by the effort you invest in reading the textbook, completing the online course lectures, and completing all assignments. We strongly advise you to set yourself up for success by staying focused and creating a schedule to complete the course. The course is divided into lessons. Completing one lesson a week is average, but there is no penalty for working faster or slower. We also suggest you set up a scheduled time and place each week to study and complete your work. You should also use the Pace Chart, which is a simple tool to create a custom study plan. The Pace Chart will generate a schedule which will help you to meet your desired timeframe for completion of this course. For more information on the Pace Chart, please visit the Virtual Advisor. For more information and tips on being a successful student in this program, please consult your Student Handbook.

Academic Honesty

Please review your course catalog regarding Academic Honesty. Participation in this course indicates understanding on the student's part of all policies, procedures, and consequences for any infraction. Questions should be directed to your academic advisor.

Plagiarism

As a student in this course, it is expected you will be honest in all of your academic work. Academic honesty helps to support both the student's integrity as well as the institution offering these courses. Students are expected to accept responsibility and abide by the Academic Integrity rules, including our rule on PLAGIARISM.

Plagiarism is the intentional or unintentional representation of another's words or ideas as one's own. This can include direct quotes without proper citation; paraphrasing wherein other's work is summarized but not cited; submitting work not completed by registered student; using work previously submitted for another course.

To learn more about plagiarism and how to avoid it, please visit these sites:

The WPA website: Defining and Avoiding Plagiarism, Best Practices (opens an external site)

The Purdue OWL website on Avoiding Plagiarism (opens an external site)

PLEASE NOTE: Intentional or unintentional plagiarism will result in AUTOMATIC expulsion from this course. Also, course tuition fees will not be refunded in the case of expulsion.

Tutoring by Smarthinking

Your course comes with ten hours of Smarthinking tutoring. Smarthinking tutors are here to help you better understand course subject matter and to provide feedback on written assignments (if applicable).

Below is a description of each type of tutoring offered through Smarthinking:

LIVE Sessions: Each live session is 15-30 minutes long. You will meet your tutor in an online area that includes chat and a virtual whiteboard. Your tutor will assist you with any subject matter related obstacles. Live sessions can be scheduled 48 hours ahead of time, or you can "drop in" anytime. Note: drop-in students are subject to wait times.

Offline Questions: If you are unable to attend a live session or a tutor is not available, you may find the offline question option useful. You can upload even the most complicated problem and you can expect a response in 24-48 hours.

Online Writing Lab (OWL): Please note that the Online Writing Lab (OWL) is available only to students who are in courses that require written assignments, such as English Composition. Aside from submitting your work for grading assessment, you are encouraged to submit your written work to the OWL for feedback. This is not a live session. When you submit you work, you can expect your essay to be returned to you within 24-48 hours. Your tutor will embed comments throughout your essay and will also fill out a form that identifies your strongest areas as well as areas that need improvement.

NEED HELP?

Have you forgotten your username/password; or, are you experiencing any technical difficulties logging in and accessing your course and its contents?

24/7 Help Desk & Technical Support is available live, 24 hours a day, 7 days a week at URL: http://propero.echelp.org/ (opens a new window).

For the best course experience, watch this video (opens an external site) to learn about our Help Desk & Technical Support team and how to contact them.

Mission Statement

http://www.egcc.edu/more-topics/eastern-gateways-mission-statement

Attendance Policies

http://www.egcc.edu/more-topics/attendance-policy

 Incomplete Grade Policy

http://www.egcc.edu/more-topics/incomplete-grade-policy

Academic Dishonesty

http://www.egcc.edu/upload/Academics/2007academichonestpolicy.pdf

Disability Support Services

http://www.egcc.edu/current-students/academic-helptutoring/student-success-center

Tutoring

http://www.egcc.edu/current-students/academic-helptutoringLink