EC 142 Principles of Microeconomics
F2EE 2009 MO
5:00 - 10:00 PM
Publisher: Prentice Hall
Format: Paper; 496pp
VIDEO PACKAGE: We are using the videos from another textbook. You do not need this textbook, only the videos:
Paul Solman Videos DVD
(to accompany McConnell-Brue Economics 17e). McGraw Hill - Irwin Publisher.
Paul Solman Videos DVD
(to accompany McConnell-Brue Economics 17e). McGraw Hill - Irwin Publisher.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Wall Street Journal:
Click Here to subscribe online! http://wsjstudent.com/ Following this link and selecting Joseph Kubec as your instructor will let the WSJ folks know you are enrolled as a student in this course. Delivery will start in a few days and they will bill you directly, usually within 3 or 4 weeks.
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 firstname.lastname@example.org or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
You and I both have an obligation to create an environment that is conducive for mastering the learning objectives.
As the instructor, I have the following responsibilities:
¯ Come prepared to class.
¯ Plan classroom activities to achieve learning objectives.
¯ Listen, guide and help students to learn.
¯ Write clearly worded examination questions and grade examinations fairly.
¯ Show students respect.
As a student, you have the following responsibilities:
¯ Complete all work and reading assignments with proper attention and thought.
¯ Listen, ask questions, be involved in class and learn.
¯ Understand that I do not intentionally write “tricky” examination questions. If you do not understand an examination question, ask me to clarify the question during the examination period.
¯ Show me and the other students respect.
You are responsible for all material covered in the lectures. Lectures cover material from the text, Wall Street Journal and other sources. The material presented in class is cumulative in nature. For these reasons, I strongly encouraged you to attend all classes. You are expected to be punctual when attending class.
General Course Learning Objectives:
1. illustrate and explain microeconomic terms.
2. illustrate and explain the demand and supply concepts.
3. illustrate and explain consumer choice and behavior.
4. illustrate and explain firm production and cost behavior.
5. illustrate and explain firm strategy under different market structures.
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:
The final course grade will be determined using the following measurements:
Your performance on the 3 examinations (100 points for each exam or 33.3%), determines your final grade.
A 300 - 270 points
B 269 - 240 points
C 239 - 210 points
D 209 - 180 points
F below 180 points
To maintain the integrity of the grading system, I WILL NOT modify the grading scale for individual students. DO NOT ASK!!
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.
Classroom Rules of Conduct:
2. You must turn off you cell phone BEFORE class begins. You may NOT use your cell phone as a calculator. If your cell phone is in view or used during class, I will take it from you and will return it to you after class. You will be assessed a 5 point penalty reduction for using your cell phone/IM in class.
3. If a student misses one mid-term examination and has a legitimate excused absence, the final exam will be weighted(and relevant questions added) to adjust for the missed mid-term examination (i.e. the final would be worth 200 points instead of 100 points). Legitimate excused absences include death in the immediate family, University sponsored trips, legitimate business obligations or critical illness. Verification is required and permission to miss an examination must be secured PRIOR TO the scheduled examination time. If this condition is not met, a zero will be given for the missed exam. Unit specific make-up exams will not be given. If a student misses more than one examination, the final exam will be weighted to adjust for the first missed exam, and zeros will be recorded for all other exams. There are no make-up exams for the final exam.
4. Extra credit will be available only to those with excellent punctual attendance. If you miss 1 classes you will be eligible for 50%(approx 25 pts. /2) of the extra credit. 2 or more absences will make you ineligible for the extra credit.
5. Other extra credit assignments, if offered, are at my discretion and are available to all students in the class. The assignments must be turned in by the specified due date for credit. Extra credit assignments turned in late will be given a zero. Extra credit assignments will be offered to all eligible students in the class or none at all (no preferential or special treatment).
6. If you wish to withdraw from this course, it is your responsibility to complete and return to the registrar all paperwork. A grade of “W” is reported for all withdrawals prior to the last official withdrawal date (mid-term).
7. Cheating will not be tolerated! Evidence of cheating will result in full disciplinary action.
8. No food or drinks, except water, are allowed in the classroom. Food and drinks may be consumed in the Student Lounge located in the basement, or outside the building.
· Unit 1 examination and return exam
o Price elasticity
o Income elasticity
· Government intervention in the markets (Chapter 4)
o Government price setting – surplus and shortage, price controls
· Externalities and other market phenomena (Chapter 16)
o Marginal cost
o Marginal revenue
o Average total cost
o Pricing strategy
· Perfect competition (Chapter 12)
o Definition of perfectly competitive market
o Pricing strategy under perfect competition
· Monopoly (Chapter 14)
o Definition of a monopoly market
o Pricing strategy under a monopoly
· Monopolistic competition (Chapter 12)
o Definition of monopolistically competitive market
o Pricing strategy under monopolistic competition
· Oligopoly (Chapter 13)
o Definition of an oligopoly market
o Pricing strategy under an oligopoly
· Unit 3 examination
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 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:10/16/2009 7:45:48 AM