Syllabus Entrance
Printer Friendly
Email Syllabus
Standard Version

EC 142 Principles of Microeconomics
Canas, Jesus


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 Microeconomics

Semester

F2B 2009 BL

Faculty

Canas, Jesus

Title

Economics Instructor

Degrees/Certificates

Bachelors in Economics
Bachelors in Finance
Masters of Science in Economics

Daytime Phone

915-726-3116

E-Mail

jesus.canas@pirate.park.edu

Class Days

-T-R---

Class Time

7:40 - 10:10 PM

Credit Hours

3


Textbook:
Principles of Economics, 9th edition, by Case and Fair, 2006 ISBN 0-13-505479-6

Additional Resources:

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/.


Course Description:
EC142 Principles of Microeconomics: A study of the market mechanism and the organization of production and distribution activities in society. A majorfocus 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

Learning Outcomes:
  Core Learning Outcomes

  • 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.
    MoSTEP
    1.2.1 The preservice teacher understands the central concepts, tools of inquiry and structures of the discipline(s) within the context of a global society and creates learning experiences that make these aspects of subject matter meaningful for students.
    1.2.1.1 knows the discipline applicable to the certification area(s) as defined by Subject Competencies for Beginning Teachers in Missouri;
    1.2.1.2 presents the subject matter in multiple ways;
    1.2.3.4 connects instruction to students' prior experiences and family, culture, and community.
    1.2.7.1 models effective verbal/non-verbal communication skills;
    1.2.7.2 demonstrates sensitivity to cultural, gender, intellectual, and physical ability differences in classroom communication and in responses to students' communications;
    1.2.9.3 practices professional ethics.
    1.2.10.1 participates in collegial activities designed to make the entire school a productive learning environment;
    1.2.10.2 talks with and listens to students, is sensitive and responsive to signs of distress, and seeks appropriate help as needed to solve students' problems;
    1.2.10.3 seeks opportunities to develop relationships with the parents and guardians of students, and seeks to develop cooperative partnerships in support of student learning and well-being;
    1.2.10.4 identifies and uses the appropriate school personnel and community resources to help students reach their full potential.
    SPAs
     

    ·        NMSA/NCATE Standards: Knowledge—1.3,1.7, 2.5, 6.3, 6.4, 6.9, 7.3, 7.4, 7.5; Performance—1.4, 1.10, 2.3, 3.10, 4.4, 5.4, 5.10, 6.1, 7.

    ·        NAEYC Standards: Standard 4c

    ·        ACEI Standard: Standard 2.4

    ·        NCEE Standards: Standards 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and 20.

    ·        NCSS Standards: Standards 1.2, 1.7, 1.9, 1.10, 2.4.

    Assessment
     

    ·        Report/Observation Paper, Lesson/Demonstration, Field Experience Report.

  • Determine the value of the costs of the firm and graph them. Graph the short-run profit or loss situation of the competitive firm and show how it affects the industry supply and demand.
    MoSTEP
    1.2.1 The preservice teacher understands the central concepts, tools of inquiry and structures of the discipline(s) within the context of a global society and creates learning experiences that make these aspects of subject matter meaningful for students.
    1.2.1.1 knows the discipline applicable to the certification area(s) as defined by Subject Competencies for Beginning Teachers in Missouri;
    1.2.1.2 presents the subject matter in multiple ways;
    1.2.3.4 connects instruction to students' prior experiences and family, culture, and community.
    1.2.7.1 models effective verbal/non-verbal communication skills;
    1.2.7.2 demonstrates sensitivity to cultural, gender, intellectual, and physical ability differences in classroom communication and in responses to students' communications;
    1.2.9.3 practices professional ethics.
    SPAs
     

    ·        NMSA/NCATE Standards: Knowledge—1.3,1.7, 2.5, 6.3, 6.4, 6.9, 7.3, 7.4, 7.5; Performance—1.4, 1.10, 2.3, 3.10, 4.4, 5.4, 5.10, 6.1, 7.

    ·        NAEYC Standards: Standard 4a, 4b, 4c, and 4d.

    ·        ACEI Standard: Standard 2.4

    ·        NCEE Standards: Standards 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and 20.

    ·        NCSS Standards: Standards 1.2, 1.7, 1.9, 1.10, 2.4.

    Assessment

    ·        Report/Observation Paper, Lesson/Demonstration, Field Experience Report.

  • Use basic indifference curve and budget line analysis to determine a demand curve.
    MoSTEP
    1.2.1 The preservice teacher understands the central concepts, tools of inquiry and structures of the discipline(s) within the context of a global society and creates learning experiences that make these aspects of subject matter meaningful for students.
    1.2.1.1 knows the discipline applicable to the certification area(s) as defined by Subject Competencies for Beginning Teachers in Missouri;
    1.2.1.2 presents the subject matter in multiple ways;
    1.2.3.4 connects instruction to students' prior experiences and family, culture, and community.
    1.2.7.1 models effective verbal/non-verbal communication skills;
    1.2.7.2 demonstrates sensitivity to cultural, gender, intellectual, and physical ability differences in classroom communication and in responses to students' communications;
    SPAs
     

    ·        NMSA/NCATE Standards: Knowledge—1.3,1.7, 2.5, 6.3, 6.4, 6.9, 7.3, 7.4, 7.5; Performance—1.4, 1.10, 2.3, 3.10, 4.4, 5.4, 5.10, 6.1, 7.

    ·        NAEYC Standards: Standard 4a, 4b, 4c, and 4d.

    ·        ACEI Standard: Standard 2.4

    ·        NCEE Standards: Standards 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and 20.

    ·        NCSS Standards: Standards 1.2, 1.7, 1.9, 1.10, 2.4.

    Assessment

    ·        Report/Observation Paper, Lesson/Demonstration, Field Experience Report.

  • Determine own-price elasticity of demand given price and quantity-demanded data.
    MoSTEP
    1.2.1 The preservice teacher understands the central concepts, tools of inquiry and structures of the discipline(s) within the context of a global society and creates learning experiences that make these aspects of subject matter meaningful for students.
    1.2.1.1 knows the discipline applicable to the certification area(s) as defined by Subject Competencies for Beginning Teachers in Missouri;
    1.2.1.2 presents the subject matter in multiple ways;
    1.2.3.4 connects instruction to students' prior experiences and family, culture, and community.
    1.2.7.2 demonstrates sensitivity to cultural, gender, intellectual, and physical ability differences in classroom communication and in responses to students' communications;
    1.2.9.3 practices professional ethics.
    SPAs
     

    ·        NMSA/NCATE Standards: Knowledge—1.3,1.7, 2.5, 6.3, 6.4, 6.9, 7.3, 7.4, 7.5; Performance—1.4, 1.10, 2.3, 3.10, 4.4, 5.4, 5.10, 6.1, 7.

    ·        NAEYC Standards: Standard 4a, 4b, 4c, and 4d.

    ·        ACEI Standard: Standard 2.4

    ·        NCEE Standards: Standards 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and 20.

    ·        NCSS Standards: Standards 1.2, 1.7, 1.9, 1.10, 2.4.

    Assessment

    ·        Report/Observation Paper, Lesson/Demonstration, Field Experience Report.

     

    MoStep Requirements 1.2.1.1 standards for EC142



    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 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 Rubric

    Class Assessment:
     

    Grades will be based on 5 homework assignments and 2 in class, close book and close notes examinations (Midterm and Final). 

    Grading:
     

    Grades will be based on 2 exams (20 pts midterm and 30 Points Comprehensive final), 3 homework assignments (10 Points each), and 2 in class assignments (10 points each)

    Exam 1                      =   20%

    Exam 2                      =   30%

    Homework                  =   30%

    In Class assignments   =   20% 

    TOTAL                        = 100%

    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.

    Late Submission of Course Materials:
    Missed Examinations:  Make-up examinations will not be given unless prior arrangements have been made.

    Course Topic/Dates/Assignments:
     

    Week

    Topic

    Chapter

    1

    Introduction

    1

    Elasticity  

    Chapter 5

    2

    Household Behavior & Consumer Choice      

    Chapter 6

    2

    Production Process                                       

    Chapter 7

    3

    SR-Costs and Output                                     

    Chapter 8

    3

    LR-Costs and Output                                     

    Chapter 9

    4

    Review for Exam 1

    4

    Exam #1

    Chapter 5-9

    5

    Land/Labor                                                     

    Chapter 10

    5

    Capital/Investment                                           

    Chapter 11

    6

    Monopoly & Antitrust Policy                           

    Chapter 13

    6

    Monopoly & Antitrust Policy                           

    Chapter 13

    7

    Monopolistic Competition & Oligopoly            

    Chapter 14

    7

    Monopolistic Competition & Oligopoly            

    Chapter 14

    7

    Review for Final Exam

    8

    Comprehensive Final (Ch. 5-11 and 13-14)

     

    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.

    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 "F".
    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 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 .



    Rubric

    CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
    Critical Thinking                                                                                                                                                                                                                                          
    Outcomes
    Problems requiring calculations with a Maximum value of 80 Points                                                                                                                                                                                                                                                                                                                                                                                                                                                    
    Nearly all causes or processes of economic phenomena are perfectly identified and stated. (72 points or more of 80 points) Most causes or processes of economic phenomena are correctly identified and stated. (56 to 71 points of  80 points) Most causes or processes of economic phenomena are not correctly identified and stated. (40 to 55 points  of 80 points) No causes or processes of economic phenomena are stated clearly. (0 to 39 points of  80 points) 
    Effective Communication                                                                                                                                                                                                                                    
    Outcomes
    Graphical Problems and completion of Graphs with a maximum value of 80 points.                                                                                                                                                                                                                                                                                                                                                                                                                                       
    All definitions of curves or items identified on graphs are stated nearly perfectly.  (72  points or more of 80 points) Most definitions of curves or items identified on graphs are stated correctly. (56 to 71 points of 80 points) Most definitions of curves or items identified on graphs are not stated correctly. (40 to 55 points of 80 points) No definitions of curves or items on graphs are stated clearly.
    (0 to 39 points of 80 points)
     
    Tools and Methods of Economics                                                                                                                                                                                                                             
    Outcomes
    This examines tools and methods of economic analysis using multiple-choice questions with a maximum value of 140 points.                                                                                                                                                                                                                                                                                                                                                                                             
    All definitions of are stated nearly perfectly.  (126 points or more of 140 points) Most definitions are stated correctly. (98 to 125 points of 140 points) Most definitions are not stated correctly. (70 to 97 points of 140 points) No definitions are stated clearly.
    (0 to 69 points of 140 points)
     

    Copyright:

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

    Last Updated:10/6/2009 6:18:12 PM