EC 142 Principles of Microeconomics
S2Y 2010 MN
Green, Johnnie D.
MBA Emphasis in ManagmentMA in FinanceMA in International Business
Millington Campus Office NSA
By Appointment: NSA Before and Sfter Class
(501) 324-5871 ext. 233
Cell Phone (501) 413-7211
March 15, 2010 thru May 9, 2010
Friday: 5:00 p.m. to 9:00 p.m. and Saturday 8:30 a.m.to 1:30 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 email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
The instructor's educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, Internet, videos, web sites and writings.
The instructor challenges and engages each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues, and contradictions. He believes that the application of theoretical concepts is equally important as the visualization of these concepts.
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:
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:
Research Paper: Weekly Quiz
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:
Any classroom conduct that disrupts the learning environment in the opinion of the instructor, will not be tolerated.
Also remember that computers make writing and revising much easier and more productive. Students must recognize though that technology can also cause problems. Printers run out of ink and hard drive crash. Students must be responsible for planning ahead and meeting deadlines in spite of technology. Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes.
Welcome to Microeconomics (EC 142), on line!
This course provides a thorough introduction to the field of microeconomics. This course focuses on the fundamental nature of economics, a study of choice, with economic concepts and the tools needed to be a successful leader in today's global economy. This course provides the student with an understanding of the micro economy with an emphasis on the study of markets and their outcomes.
EC 142 Principles of Microeconomics Spring 2, 2010
Chapters 1, 1 appendix, 2
Introduction to Investment Game.
Research and Final Project Discussion
Chapter 1 Discussion
Current event article
Chapters 3, 4
Pop Quiz, #1
Current Event Article
Investment Game Week 1 Report
Chapters 3 & 4 Discussion
Chapters 5,6, 6 appendix
Pop Quiz, #2
Investment Game Week 2 Report
Chapters 5 & 6 Discussion
Chapters 7, 8
Pop Quiz, #3
Investment Game Week 3 Report
Chapters 7 & 8 Discussion
Pop Quiz, #4
Investment Game Week 4 Report
Chapters 9 &10 Discussion
Pop Quiz, #5
Investment Game Week 5 Report
Chapters 12 & 13 Discussion
Investment Game Week 6 CASHOUT
Research Paper Due
Final Presentation PPT Slides
**Research Paper Submission
**Cashout Investment Game
EC 142 Principles of Microeconomics Fall 2, 2009
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 .
**Late Assignments Not Accepted**
Other Recommended Reading / Resources:
A course Matrix is provided in the syllabus for the research paper and PowerPoint presentation/ final project. See course syllabus for additional supplement and resources.
Research Paper with PowerPoint Presentation Requirement:
This course will require a major Research Paper with a PowerPoint Presentation. All research topics must relate to Managerial Accounting. All topics must be approved by the instructor no later than Week 2. All research papers must include a PowerPoint Presentations which is to be submitted Week 8 the Final Week. The Research Paper with PowerPoint Presentation are worth 200 points.
The Research Paper and PowerPoint Presentation must be submitted in Week 8 Assignment Icon no later than the assigned due date. Students are also required to post their PowerPoint Presentation in the Discussion Board Forum for other students to review and make comments.
Research Paper Requirement:
All Research Papers must be typed According to APA Requirement. Double Space. Cite all sources according to APA Requirement. Student must write a 10 page research paper relating to your Business Industry. The research paper should address elements of the firms Managerial Accounting Practices. Page 1 is the Abstract. The Certified Cover Page, Table of Content and Reference Page DO NOT COUNT as part of the 10 page paper. (See Research Paper Checklist) The research paper must include the following:
1. Certified Cover Page (See Attachment)
2. Table of Content
4. Literature Review
8. Reference Page
Certified Cover Page
For: Johnnie Green, Instructor
Course Title: __________________
Research Paper Topic:_________________________
Instructor: Johnnie D. Green
Assignment for Course:
Submitted to: Johnnie D. Green, Instructor
Location of Course:
Date of Course Meeting:
Date of Submission:
Title of Assignment:
CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.
Instructor’s grade on assignment:
Research Paper Requirements For:
Professor Johnnie D. Green
1. General APA format:
___ Stapled, not bound
___ Certified cover sheet
___ Title: Describe the contents
___ Table of Contents with page numbers
___ Abstract page by itself
___ Page numbers: use them
___ Headings and Sub-Headings
___ Tell ‘em, tell ‘em, tell ‘em: always introduce & summarize
___ Objectivity: No first person personal pronouns!
__ References: ID sources of ideas and data
2. APA Guidelines
___ Citation format: (last name, year)
___ Direct quotes: page number required
block indent more than 40 words, no quotation marks
___ Headings and sub-headings: use them to show the reader where they are
___ Reference list format
___ Reference list must agree with citations in body of text
___ Underline or italics: Require for periodicals and books and only for them
___ No Italics or Bold type in body of text
___ Numbers: one through ten, 11 and higher, but consistent
___ “and” vs. &
3. *** Literature Review (When Required by Instructor)
___ Must be relevant to the research question
___ 70% of references < 5 years old
___ Textbooks: not suitable sources
___ Location of citations in the text (close to the idea)
___ Every paragraph needs at least one reference
___ Paragraphs: one idea per paragraph; many per page
___ Must apply strategic planning concepts, ideas and theories.
(SWOT is not sufficient)
1. What is the concept or theory? Describe it.
2. Whose concept or theory is it?
3. What is its purpose?
4. What are its elements?
5. What are its “if/then” inputs and outcomes?
6. What are the conditions of its use?
7. What should it be able to tell us about the strategy being considered?
___ Must analyze current issues presented based on the Methodology, concepts,
ideas and theories
Grading Rubric: Criteria for the Final Project
1. Identify the nature of a business problem.
1. The firm’s ROA is low.
2. That the prospects for the Exploration and Production business and the paperboard business are not good. 3. That some strategic reorientation of the firm is needed.
Recognize that: ROA is low and the paper and energy businesses have poor prospects.
Fail to note either that the ROA is low or the fact that the prospects for exploration and paperboard businesses are poor.
2. Identify the information needed to address the problem and use the information to analyze it.
Identify the forecasted cash flow and return characteristics of each of the business segments. This information is primarily in the Outlook section of the segment analysis
Recognize the need for some strategic decisions for the firm and in a general way without doing a good cash flow analysis.
Fail to use the information in either the narrative statements or the cash flow as the basis of the analysis of the case.
3. Analyze the information
1. Recognize from the narrative portion of the case that the paperboard and exploration and production businesses need to be divested.
2. Conduct a complete cash flow analysis based on the information in the case and determine the cash flow that will be available including the debt proviso that 40% of all asset sales must go to retire debt until the debt is retired.
1. Use the narrative portion of the case to conclude that the firm will need to exit some businesses.
2. Use the cash flow information in a nonsystematic way as part of the analysis.
1.Not recognize that the paperboard and exploration and production businesses are under performers.
2. Not use the cash flow information in any way as part of the analysis.
4. Develop a plan of action
1. Recommend that: the firm sell the exploration and production business, the paperboard business, and the forest products businesses.
2. Some consideration needs to be given to the timing of the forest products sale based on forecast increases in value. The cash generated by the sale to be allocated to the other businesses.
1. Recommend that the firm sell two businesses from among the exploration and production, forest product, and paperboard business.
2. Use the cash flow to support the remaining businesses.
1. Recommend that one or none of the businesses be sold.
2.Fail to use the cash flow data to inform the decision.
Last Updated:2/11/2010 9:42:16 AM