EC 142 Principles of Microeconomics
U1J 2010 PV
Soule, Peter E.
Professor of Economics
Parkville Campus Mackay Hall Room 27A
Monday and Tuesday 3:30-5:30 pm
5:30 – 9:50 PM
Case and Fair, Principles of Microeconomics. 9th ed. Prentice Hall, 2009. ISBN 978-0-13-605885-4
Case and Fair, Principles of Microeconomics. 9th ed. Prentice Hall, 2009. ISBN 978-0-13-605885-4
Textbooks can be purchased through the Parkville Bookstore
Calculator. (May be used in tests but not shared without permission from the instructor.)
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The purpose of this course is to educate, which requires two things to happen. The teacher must teach or facilitate learning and the student must learn the required materials. This requires feed back to the instructor on how the student is learning. This feedback occurs in written work and classroom discussion. It is preferred that students ask questions during class as they arise. Often, a student will approach the instructor after class with a question that brings up a very important point that should have been addressed during class but the class is out the door. This is especially true with perceived calculation errors on the part of the instructor, which were placed on the black (or white) board and are therefore in everyone’s notes. If there was an error, it will be corrected. If not, there was confusion not only on the part of the student asking the question, but also others in the class, who saw the same apparent error but didn’t ask about it. Obviously, this calls for additional clarification on the part of the instructor. No student will be belittled for asking a question or making a comment.
The homework is intended to assess what students know and what they don’t. Perfection is not expected and the grading is somewhat inflated. Having said this, it is still true that a perfect or near-perfect homework will earn a higher grade than a less perfect one. Homework is graded based on effort while tests and papers are graded on achievement. If the student indicates a near total lack of understanding of assigned homework, the grading will become more realistic so that the student is not lulled into a false sense of mastery just before the test boom gets lowered.
Learning Outcomes: Core Learning Outcomes
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 outcomes across all instructional modalities. For this course, the core assessment is a final exam to be administered in all sections of EC 142. This exam is worth 30 percent of the student’s final grade and will test students’ mastery of core learning outcomes through Multiple Choice, Tools and Methods of Economics questions, Quantitative Critical Thinking Problems, and Graphical Problems in the Communications section. For each core learning outcome, the student should be prepared to draw the relevant graph; define basic concepts or policies; determine costs, revenue and profit levels; and state final impacts on the individual, firm, and/or industry.
Link to Class RubricClass Assessment:
HOMEWORK: Homework is graded liberally and solution copies are provided to students. The primary purpose of homework is to give feedback to the students and the instructor as to what learning has taken place. Successful mastery of homework is necessary preparation for the test(s). Any questions on the homework problems need to be resolved prior to the subsequent test.
TEST INFORMATION: Tests will primarily involve problem solving but may also have multiple choice and/or short answer sections. The problems will be similar to those presented in class and provided in the homework assignments. The final exam will be comprehensive.
Grading: A: 90% and up. B: 80-89%. C: 70-79%. D: 60-69%. F: below 60%. A 2% lower cutoff will be in effect for those who have completed all homework and do not have excessive absenteeism.
Evaluation Item Points Date
Homework 200 Assigned in Class
Midterm Exam 300 Jun 28
Final Exam 500 Jul 26
A 20% bonus will be awarded for "neatness" on homework based on the following criteria: Student’s name legibly printed (First, Last) on top of answer sheet. Not all answers have to be correct but there must be an honest attempt to answer all questions assigned. Answers are not crowded excessively (or spread out excessively). Any additional sheets necessary to complete homework assignment must be stapled to assignment sheet. Graphs drawn in #2 pencil. Computations must be organized in a logical sequence with formulas and work fully displayed. All axes and functions on graphs must be labeled. The written portion of answers may be handwritten, printed, or typed but must be fully legible. Homework does not have to be perfect but it must be complete and neat.
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 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.
HOMEWORK: Completed homework is collected at the beginning of the class on the day it is due. After that time, up to the point at which the solution is distributed, the maximum homework grade will be 50%. Typically, the homework solution is distributed when homework is returned. After this point LATE HOMEWORK CAN EARN NOT MORE THAN 20% CREDIT.
Classroom Rules of Conduct:
CELL PHONES and PAGERS. Turn off cell phones and pagers before class. Anyone, who has a vital need for such devices during class, must discuss this with instructor before class. In this situation, if device has a vibrate mode, it must be used. The student must leave the room to take any message. Cell phone and Pagers will be put away for all in-class tests. Anyone with an emergency will sit in the front of the class and place their electronic device on the instructor's desk.
E-MAIL TO INSTRUCTOR: Always use the following subject line: EC142, First-Name, Last-Name, and (short) subject. If you leave a message by voice mail or any other means be sure to include this information.
Tests and holidays are fixed per the schedule below. Class material will be presented in the order shown below but may deviate from the schedule if needed.
DATE Subjects Text Chapter
Jun 7 Introduction 1
PPF and International 2 and 20(401-410)
Jun 14 Demand and supply 3 and 4
Jun 21 Consumer Choice 6
Production and Short-run Costs 7 and 8
Jun 28 Midterm Exam
Competitive Market 8 (-)
Jul 5 Monopoly 13
Monopolistic Competition and Oligopoly 14 and 15
Jul 12 General Equilibrium 12
Labor Market 10
Jul 19 Long-run Costs 9
Cartels and Antitrust 13 (-)
Jul 26 Asymmetric Information 17
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 2009-2010 Undergraduate Catalog Page 92
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 2009-2010 Undergraduate Catalog Page 92
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2009-2010 Undergraduate Catalog Page 95
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:5/18/2010 4:06:42 PM