EC 142 Principles of Microeconomics
SP 2011 HOA
Dr. K. Vinlove
Associate Professor, Economics
B.A., Economics, 1982Ph.D., Economics, 1991
Monday and Wednesday 10:30 – 11:30; Thursday 11:00 – 4:00; or by appointment
Spring, 16-week, daytime program
12:00 - 1:15
NOTE: A recent, previous edition of McConnell is acceptable.
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/.
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:
Exams: There will be three class-period exams and a comprehensive final exam. The weighted average of these four exams will constitute 85 percent of your final grade. Seating for all exams is assigned. Students may not leave the classroom during an exam.
Class-period Exams: Three class-period exams are worth 55 percent of the final grade. Each exam will be composed of multiple-choice and diagramming questions based on my lectures, in-class exercises, and homework problems. These exams are graded on a 100-point scale. Each exam is curved to give you an idea of your performance in terms of letter grades. However, final letter grades will be determined by a curve of final total averages for the class.
Final Exam: The comprehensive final exam is worth 30 percent of the final grade. It will be similar in format to the three class-period exams and will also be worth 100 points.
Late Arrivals: Students arriving late to an exam may take the exam only if no other student has turned in the exam. If another student has completed the exam, the late student must take a make-up exam.
Make-up Exams: Make-up exams will be in short-answer, essay, and graphing form. All make-up exams will be administered during final exam week, and students should report to my office (MacKay 30.5) to take the exam. It is the student’s responsibility to schedule the make-up exam by contacting me at least one week before final exam week. Regardless of the excuse, failure to show up at a scheduled make-up exam will result in the student's receiving zero points for the exam.
In-class Exercises: In-class exercises are worth 15 percent of the final grade. During the semester, SIX in-class exercises will be administered. However, final grades are based on FIVE in-class exercises. Thus a student may miss one exercise without penalty. There are no make-ups for in-class exercises.
In-class exercises will be graded as follows:
Full credit 20 points
Partial credit 10 points
No credit 0 points
To receive full credit, a student must be present on time for the exercise (not more than 10 minutes late) and complete all questions related to the exercise.
Homework: Throughout the semester, homework handouts will be distributed. These will not be collected and graded. However, if a student=s final average is borderline, I will consider homework preparation. Also, questions directly related to homework handouts will appear on exams.
Grading Plan: Final grades will be based on the following percentages:
Average of Three Class-period Exams (100 points each) 55%
Comprehensive Final Exam 30%
Five In-class Exercises (100 points total) 15%
NOTE: For students’ whose grade is borderline, I will consider attendance and number of in-class exercises completed.
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:
Week Topic Chapter
1 The Economic Perspective 1
The Production PossibilitiesModel
2 Continued 1
Demand, Supply, and Market Equilibrium 3
FIRST HOUR EXAM: Wednesday, February 2
5 Consumer Choice 7
6 Elasticity 6
7 Production and Cost: The Production Process 8
8 Production and Cost: Short-run Costs 8
SECOND HOUR EXAM: Wednesday, March 2
9 Production and Cost: Long-run Costs 8
10 Pure Competition 9
12 Pure Monopoly and Antitrust Policy 10, 18
THIRD HOUR EXAM: Wednesday, April 6
13 Monopolistic Competition and Oligopoly 11
15 International Trade 23
Review for Final Exam
FINAL EXAM: Monday, May 2, 1:00 – 3:00
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 .
Last Updated:12/28/2010 2:16:27 PM