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EC 302 Labor Economics
Perry, John J.


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 302 Labor Economics

Semester

F1T 2007 DL

Faculty

Perry, John J.

Title

Online Instructor of Economics

Degrees/Certificates

Ph.D. (Economics) University of Kentucky
M.S. (Economics) University of Kentucky
B.S. (Economics) Centre College

Office Location

Online

Office Hours

Thursday 9-10:30 PM CST, other by appointment (anytime, really)

Daytime Phone

859-913-7933

Other Phone

FAX: 1-866-396-4159

E-Mail

John.Perry@pirate.park.edu

Semester Dates

Fall I 2007

Class Days

TBA

Class Time

TBA

Prerequisites

EC142

Credit Hours

3


Textbook:

Textbook:

  • Textbook: Contemporary Labor Economics, seventh edition.
  • Author: McConnell, Brue and Macpherson
  • Publisher: McGraw –Hill, 2005.
  • ISBN 0-07-297860-0.
  •  

    Textbooks can be purchased through the MBS bookstore

    Textbooks can be purchased through the Parkville Bookstore

    Additional Resources:
    Wall Street Journal: The WSJ is an excellent reference for this course. It is available at most libraries, in many offices, and other places. While not required for this course, it will enhance your understanding of business and economics immeasurably.

    McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
    Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
    Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
    Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
    Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
    Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
    FAQ's for Online Students - You might find the answer to your questions here.


    Course Description:
    A study of wages, working hours, conditions of work, fringe benefits. Also, an analysis of purchasing power of wages, and productivity. Attention is given to labor unions and to government attitudes toward labor. Prerequisites: EC142 3:0:3

    Learning Outcomes:
      Core Learning Outcomes

  • Using supply and demand analysis, demonstrate and explain how labor is supplied to the marketplace in the short and long run.
  • Using supply and demand analysis, demonstrate and explain how labor services are demanded by the marketplace in the short and long run.
  • Explain how the labor market is influenced by unionism and governmental policies.
  • Define the capital-labor ratio and identify how it impacts labor in a specific industry or occupation.
  • Describe how income differentials arise based on age, education, and experience differences and explain how the pursuit of a college degree increases an in-egalitarian distribution of income.

    Core Assessment:

    All Park University courses must include a core assessment that measures the course Learning Outcomes.  The purpose of this assessment is to determine if expectations have been met concerning mastery of learning out comes 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 (Learning Outcomes 1,2, 3, and 4 listed on this syllabus).

     Each student will be randomly assigned one of the general topics identified below.  Each student must then choose an original, unique specific topic by finding areal-world example of the general topic. Students may not use real-world examples from the textbook, and no two students may have the same specific topic.

    Link to Class Rubric

    Class Assessment:

    The final course grade will be determined using the following measurements:

    • Weekly homework assignments
    • Weekly quizes
    • Weekly discussion forums 
    • Mid Term Examination
    • Term Paper
    • Comprehensive Final Examination

    NOTE:

    The comprehensive final is a proctored closed book and closed notes exam. The Comprehensive Final Exam for online courses must be passed with a grade of at least 60% in order to pass the course regardless of the student’s overall average in the course. The use of the text, personal “laptop” computers, cell phones, programmable calculators or other similar electronic devices during examinations is prohibited.

    Any student who does not take the the final examination will not pass the course.

    Grading:

    The following percentages will be used to assign course grades:

    • 90% - 100% = A
    • 80% - 89% = B
    • 70% - 79% = C
    • 60% - 69% = D
    • Below 60% = F

    The work you do in this class is valued as follows:

    • Weekly home works (7)                  140 points                                                      
    • Week quizes (6)                              120 points
    • Weekly discussion forums (8)          115 points  
    • Mid Term Exam                              150 points                                                     
    • Comprehensive Final Exam              300 points
    • Term Report                                    175 points

             TOTAL                                         1000 points

     

    The final exam for all School of Business and Management courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The final exam must address only material which the student has been taught in class.

    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 Associate Dean.

    Late Submission of Course Materials:
    Weekly work must be submitted not later than Sunday of each week (by Midnight).  Late work will not receive full grade credit. Work not turned by the due date, but which is turned in no more then 7 days late, will receive 1/2 the score it would have received otherwise. Homework not received within 7 days of the due date will not be scored. No work received after the last Saturday of the term will be scored.

    Classroom Rules of Conduct:
    A class week is defined as the period of time between Monday and Sunday. The first week begins the first day of the semester and ends midnight the following Sunday. Assignments scheduled for completion during a class week should be completed and successfully submitted by e-mail or fax, so that they are in my hands on the due date.

    Course Topic/Dates/Assignments:
    Weekly homework assignments: (Weeks 1, 2, 3, 4, 5, 6, and 7)

    Weekly quizes: (Weeks 1, 2, 3, 5, 6, and 7)

    Weekly discussion forums: (All weeks)

    Mid Term Examination: (Week 4)

    Term Paper: (Week 8)

    Comprehensive Final Exam: (Week 8)

    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 2007-2008 Undergraduate Catalog Page 85-86

    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 2007-2008 Undergraduate Catalog Page 85

    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.
    3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
    4. 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 "F".
    5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
    6. 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.
    7. 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.
    ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

    Park University 2007-2008 Undergraduate Catalog Page 87-88

    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 .



    Rubric

    CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
    Evaluation                                                                                                                                                                                                                                                 
    Outcomes
    1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Supply and demand analysis is used to demonstrate and explain how labor is supplied to the marketplace in the short and long run with no mistakes. Supply and demand analysis is used to demonstrate and explain how labor is supplied to the marketplace in the short and long run with one to three mistakes. Supply and demand analysis is used to demonstrate and explain how labor is supplied to the marketplace in the short and long run with more than three mistakes. Supply and demand analysis is not used to demonstrate and explain how labor is supplied to the marketplace in the short and long run. 
    Synthesis                                                                                                                                                                                                                                                  
    Outcomes
    2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Supply and demand analysis is used to demonstrate and explain how labor services are demanded by the marketplace in the short and long run with no mistakes. Supply and demand analysis is used to demonstrate and explain how labor services are demanded by the marketplace in the short and long run with one to three mistakes. Supply and demand analysis is used to demonstrate and explain how labor services are demanded by the marketplace in the short and long run with more than three mistakes. Supply and demand analysis is not used to demonstrate and explain how labor services are demanded by the marketplace in the short and long run. 
    Analysis                                                                                                                                                                                                                                                   
    Outcomes
    3                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    The impact of unionism and governmental policies on a specific industry or occupation is identified with no mistakes. The impact of unionism and governmental policies on a specific industry or occupation is identified with one to three mistakes. The impact of unionism and governmental policies on a specific industry or occupation is identified with more than three mistakes. The impact of unionism and governmental policies on a specific industry or occupation is not identified. 
    Application                                                                                                                                                                                                                                                
    Outcomes
    4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    The capital-labor ratio is perfectly defined and its impact on labor in a specific industry or occupation is perfectly explained. The capital-labor ratio is defined and its impact on labor in a specific industry or occupation is explained with one to three mistakes. The capital-labor ratio is defined incorrectly and its impact on labor in a specific industry or occupation is explained with more than three mistakes. The capital-labor ratio is not defined and its impact on labor in a specific industry or occupation is not explained. 
    Content of Communication                                                                                                                                                                                                                                   
    Outcomes
    4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Works Cited page is properly formatted and complete. Works Cited page has one to two errors. Works Cited page has three or more errors. Works Cited page is not present. 
    Technical Skill in Communicating                                                                                                                                                                                                                           
    Outcomes
    1,2,3,4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
    Four research sources are correctly identified on the Works Cited page and five sources are cited. Three to two research sources are correctly identified on the Works Cited page and four to two sources are cited. One research source is correctly identified on the Works Cited page and four to two sources are cited. No research has been conducted. 
    First Disciplinary Competency                                                                                                                                                                                                                              
    Outcomes
    1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Supply analysis is applied to the labor market with no mistakes. Supply analysis is applied to the labor market with one to three mistakes. Supply analysis is applied to the labor market with more than three mistakes. Supply analysis is not applied to the labor market. 

    Copyright:

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

    Last Updated:7/30/2007 3:19:21 PM