EC 300 Intermediate Microeconomics
F1J 2008 PV
Simcoe, Robert Alan
08/18/08 - 10/11/08
5:30 - 9:50 PM
A. TEXT: Browning Microeconomic Theory and Applications, 9th edition, 2006, Wiley.
ISBN 0471679437 (Paperback)
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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Learning Outcomes: Core Learning Outcomes
DESCRIPTION OF CORE ASSESSMENT for EC 300:
All Park University courses must include a core assessment that measures the course’s Core Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities. For this course, the core assessment is a research paper worth 20 percent of the student’s final grade. This paper will assess students’ mastery of four Core Learning Outcomes (Outcomes 1, 2, 3, and 4 listed on this syllabus).
Each student will be randomly assigned one of the general topics outlined below. The student must then choose an original, unique specific topic by finding a real-world example of the general topic. For instance, a student could choose Microsoft as an example of an unregulated monopoly. Students may not use specific topics mentioned in the textbook, and no two students may have the same specific topic.
NOTE: Instructors may add requirements to those listed below and for grading purposes may add criteria not listed in the Core Assessment Rubric.
MONOPOLY (UNREGULATED): Analyze the structure of a private, unregulated firm that is a monopoly or has been a monopoly in the recent past. Show graphically and explain how the firm fulfills the characteristics of monopoly. Identify the causes of monopolization and discuss the firm’s pricing and profits. Discuss the impacts of the firm’s pricing on consumer choice.
MONOPOLISTIC COMPETITION: Analyze the structure of a monopolistically competitive industry. Show graphically and explain how the industry fulfills the characteristics of monopolistic competition. Discuss the industry’s pricing, profitability, and future trends in industry structure.
OLIGOPOLY: Analyze the structure of an oligopolistic industry. (Be sure to discuss the entire industry, not a single firm.) Identify why it is oligopolistic and discuss pricing strategies, profitability, and the relationship between firms within the industry. Show graphically and explain briefly the kinked demand curve model and discuss whether the industry’s pricing fits the model.
REGULATION OF NATURAL MONOPOLIES: Analyze the structure of a regulated natural monopoly (e.g., a public utility). Identify why it is a natural monopoly and show this graphically. Discuss its profitability and how the regulatory agency controls the firm’s pricing.
Students should use at least four different acceptable research sources excluding the course textbook. The quality and quantity of these references will determine the amount of points earned for research.
Acceptable Sources: In general, citations from Internet websites will NOT count as an acceptable source unless the citation is from a U.S. government website. The Internet can be used to find on-line versions of publications, but such citations should be made only for articles that are published in paper form (i.e., can be found in a library). For instance, you could use a New York Times article that is downloaded from the Internet. Encyclopedias and abstracts are not valid sources. Cutting and pasting information from the Internet is plagiarism.
Format for Citations:
Cited research sources must be Xeroxed and included in the brown envelope with the student’s research paper. If a book or an article with more than 15 pages is cited, Xerox copies of the title page (not the book’s cover) should be included with copies of specific pages cited.
Topic Paper Grading Criteria
The purpose of the topic paper and presentation is to gain a deeper understanding of a theoretical economic concept through its application to real-world situations. Papers will be assessed according to the appropriate application of economic theory to the specific topic chosen by the student.
Application of Economic Theory:
· Are concepts based in economic theory and supported by the real-world data?
· Are economic terms defined?
· Are economic concepts explained accurately?
· Are facts presented and cited accurately?
· Is a thorough understanding of concepts demonstrated?
Link to Class RubricClass Assessment: Weekly Assignments, Presentation, Exams, Paper.....etc.
80% - 89.9%
The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.
All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.
Classroom Rules of Conduct: We are in a professional academic environment and I would expect everyone to act in a well behaved adult manner respecting the fact that we are all in attendance to learn.
Chapter 1, (19.5)
Chapter 2, 3, 4, (4.8, 6.1)
Chapter 19 (7.3, 8.4, 19.4) Term Paper Topic
Chapter 7, 8, 9, 10, 11 ( 11.1-11.5), 12
Chapter 13,15 (11.6, 14)
Chapter 18 , Oral Reports
Oral Reports and Final
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University 2008-2009 Undergraduate Catalog Page 87
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2008-2009 Undergraduate Catalog Page 87
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2008-2009 Undergraduate Catalog Page 89-90
Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:7/25/2008 9:37:55 AM