EC 142 Principles of Microeconomics
FA 2010 HOB
Clark, Norman (Les)
BS, MBA, MA, MSCertified Financial Planner (TM)NASD Series 7, 32
By Appointment Only
August 16 - December 10, 2010
8:00 - 8:50 AM
Microeconomics: Brief Edition
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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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
The instructor will meet the educational objectives of this course as a practitioner, scholar and facilitator. The instructor's educational philosophy primarily stresses the student’s ability to visually relate to and present theoretical concepts. In conveying concepts the instructor will rely heavily lecture, homework, discussion, and exams. Ultimately, the student will be challenged to use the concepts presented in the class to interpret past and current economic events, as well as, to be able to assess current economic policy deliberations.
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:
Weekly Homework (Best 8 of 10)
400 points (50 Points per Assignment)
Section Exams (3)
300 points (100 pts each)
FINAL EXAM (Comprehensive)
Class Attendance and Participation (To be determined at the Instructors Assessment)
Pre- vs. Post-Exam Improvement
+5% Extra Credit
> 945 Points (> 90%)
840 – 944 Points (80 – 89%)
735 – 839 Points (70 – 79%)
525 – 734 Points (50 – 69%)
< 525 Points (< 50%)
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.
Under no circumstance will any assigned work for the course be accepted after the date scheduled for the final exam for the course.
Classroom Rules of Conduct:
· All consumer electronic devices must be turned off and earbuds or earphones must be removed during class time (e.g. cell phones, mp3 players or ipods or iphones, etc.)
· Recording devices can only be used with the instructor’s prior approval.
· The use of laptop computers in the class room is discouraged and can only be used with the instructor’s prior approval.
1 (Aug. 16, 18, 20)
Class Overview, ‘Pre-Test’, Chapter 1 (History, Comparative Advantage, Production Possibilities, Unemployment and Growth, Graph Concepts); Homework1
2 (Aug. 23, 25, 27)
Chapter 2 (Economic Systems, Major Question of Economic Analysis, Market Systems, Circular Flow Concepts of Economics); Homework2
3 (Aug. 30, Sept. 1, 3)
Chapter 3 (Demand, Supply, Market Equilibrium, Price Ceilings, Price Floors, Supply Rationing); Homework3
4 (Sept. 6)
Labor Day Holiday – NO CLASS
4 (Sept. 8, 10)
Chapter 4 (Demand, Supply, Income and Cross Elasticities); Homework4
5 (Sept. 13, 15, 17)
Exam Review, Exam (Section 1)
6 (Sept. 20, 22, 24)
Concepts Concepts and Application of Consumer and consumer and producer Surplus (Not in Textbook).
7 (Sept. 27, 29, Oct. 1)
Chapter 5, 6 (Public Goods, Externalities, Taxation and Government’s Role; Business and Their Cost Structures); Homework5
8 (Oct. 4, 6, 8)
Fall Recess – NO CLASS
9 (Oct. 11, 13, 15)
Chapter 7 (Analysis of ‘Pure Competition’); Homework6
10 (Oct. 18, 20, 22)
Exam Review, Exam (Section 2)
11 (Oct. 25, 27, 29)
Chapter 8 (Analysis of ‘Pure Monopolies’); Homework7
12 (Nov. 1, 3, 5)
Chapter 9 (‘Monopolistic Competition’); Homework8
13 (Nov. 8, 10, 12)
Chapter 10, 11 (Wage Determination, Inequity/Poverty) Homework9
14 (Nov. 15, 17, 19)
Chapter 12 (International Trade and Finance); Homework10
15 (Nov. 22, 24)
Exam Review, Exam (Section 3)
15 (Nov. 26)
Thanksgiving Holiday – NO CLASS
16 (Nov. 29, Dec. 1, 3)
‘Post-Test’, Final Exam Review
Final Exam (Comprehensive)
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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 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. from Park University 2010-2011 Undergraduate Catalog Page 92-93
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2010-2011 Undergraduate Catalog Page 95-96
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 .
By accessing and using any materials provided by the instructor via internet: the student has agreed to these terms.
The site contains material considered the property of the instructor (i.e. including, without limitation, text, data, graphs, photos, and video). You may not modify, publish, transmit, display, participate in the transfer or sale, create derivative works, or in any way exploit, any of the content, in whole or in part. You may download material for academic use only. Except where expressly permitted, copying, redistribution, retransmission, publication or commercial exploitation of downloaded material will be permitted without the express written permission of the instructor (Les Clark).
By accessing and using information provided to you by the instructor, you have expressly agreed that the access and use of this information is at your sole risk. The instructor in no way warrants that the site will be uninterrupted or error free; nor does he make any expressed or implied warranty as to the accuracy of information or data provided via materials.
The instructor assumes no responsibility, and shall not be liable for, any damages to, or viruses that may infect, your computer equipment or other property on account of your access to, use of, browsing or the downloading of any data, text, images, video, or audio materials.
Last Updated:7/29/2010 8:00:17 AM