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EC 142 Principles of Economics II (Micro)
Barcus, Randall H.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

EC 142 Principles of Economics II (Micro)

Semester

S2FF 2006 FA

Faculty

Barcus, Randall H.

Title

Adjunct Faculty Member

Degrees/Certificates

B.S. Mathematics
B.S. Economics
M.S. Economics

Office Hours

30 minutes prior/after class

E-Mail

Randall.Barcus@pirate.park.edu

randy.barcus@avistacorp.com

rbarcus@wsu.edu

Semester Dates

15Mar06 to 03May06

Class Days

---W---

Class Time

5:00 - 10:00 PM

Credit Hours

3


Textbook:
McConnell & Brue, Microeconomics, 16th edition, McGraw-Hill Irwin


Course Description:
A study of the market mechanism and the organization of production and distribution activities in society. A major focus is on the determination of prices of goods and factors of production. Analysis of the firm as the main institution in the market. 3:0:3

Educational Philosophy:
My educational philosophy is one of interactiveness.  It is based on lectures, reading, dialogue, examination, internet exploration, videos, and writing.  You will be engaged in disputatious learning to encourage lively exploration of ideas, issues, and contradictions.

Learning Outcomes:
  Core Learning Outcomes

  1. Graph supply and demand in a single graph, define basic items or concepts related to the graph, and use the graph to explain the process by which a good's equilibrium price and quantity are attained.
  2. Discuss the tradeoffs faced by an economy and how this relates to the concept of opportunity cost using the production possibilities model.
  3. Analyze graphically the marginal cost, average total cost, and average variable cost curves; explain the shape of each curve.
  4. Analyze graphically the long-run profit maximizing output of a perfectly competitive firm, a monopolistic firm, a monopolistically competitive firm, and an oligopolistic firm; discuss the economic efficiency of each industry type.
  5. Analyze graphically the long-run average total cost curve and explain economies of scale, diseconomies of scale, and constant returns to scale.


Core Assessment:


Class Assessment:
There will be four chapter exams, plus a final exam.  Each chapter exam will be a multiple-choice test with only one correct answer per question. There will also be a Park University standardized final exam covering the core aspects of the course.

Grading:
Exam 1, Exam 2, Exam 3, Exam 4, and the Final Exam are each worth 100 points.  Total points for the course are 500.

Late Submission of Course Materials:
Not accepted

Classroom Rules of Conduct:
:  Each student shall be respectful of every member of the class.

Course Topic/Dates/Assignments:


Week 1 3/15 Quick Review Chapters 1, 2, 3 (for non-Macro students)
Chapter 7, 8
Week 2 3/22 Chapter 9, 10, 11
Take Home Test 1 Chapters 7-11
Week 3 3/29 Chapter 12, 13
Week 4 4/5 Chapter 14, 15, 16
Take Home Test 2 Chapters 12-15
Week 5 4/12 Chapter 17, 18, 19
Take Home Test 3 Chapters 16-19
Week 6 4/19 Chapter 20, 21, 22
Week 7 4/26 Chapter 23, 24, 25
Take Home Test 4 Chapters 20-25
Week 8 5/3 In-Class Final Exam Comphrensive

 

Class Activities

Assignments

Tests

Meeting - 1

Lecture,

Chapter 1-3, 7, 8,

 

Meeting - 2

Lecture/Discussion

Chapter 9, 10, 11,

Test 1

Meeting - 3

Lecture/Discussion

Chapter 12, 13,

 

Meeting - 4

Lecture/Discussion

Chapter 14, 15, 16

Test 2

Meeting - 5

Lecture/Discussion

Chapter 17, 18, 19

Test 3

Meeting - 6

Lecture/Discussion

Chapter 20, 21, 22

 

Meeting - 7

Lecture/Discussion

Chapter 23, 24, 25

Test 4

Meeting - 8

Exam in Class

Comprehensive,

Final Exam


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 2005-2006 Undergraduate Catalog Page 85-87

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 2005-2006 Undergraduate Catalog Page 85-87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2005-2006 Undergraduate Catalog Page 89

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. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners 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 American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent 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 .


Attachments:
EC142 Micro SST Spring2 2006

Copyright:

This material is copyright and can not be reused without author permission.