EC 142 Principles of Microeconomics
S2I 2012 EMA
Ludlow, Matthew C.
Instructor of Economics/Adjunct Faculty
B.A. Economics / Philosophy, University of Memphis
30 April 2012 - 17 August 2012
Economics 19e McConnel, Brue, Flynn. ISBN: 978-0-07-744160-9. We will be covering information in Parts One – Six
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
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Educational Philosophy: With the use of lectures, discussions, quizzes, and exams the students will develop an ability to think critically and analytically about various market structures and market outcomes.
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:
Chapter Key Term Quiz: 15%
Each chapter has several key terms that are critical to understanding over-arching concepts. Students will be required to provide definitions to selected key terms.
Three (3) tests will be administered throughout the term occurring once or twice per part of the textbook depending on the number of chapters per part. Combined they will make up 40% of the student’s final grade.
Final Exam (Cumulative): 20%
Participation grades will comprise of attendance and class participation (asking questions, providing input in discussions, etc).
A – 93% ~ 100%
B – 92% ~ 85%
C – 84% ~ 77%
D – 76% ~ 69%
F – 68% and below
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.
All course work is due on the due date. Make-up homework or tests will be handled on a case-by-case basis in the event of illness or operational requirements.
Classroom Rules of Conduct:
All students are expected to be engaged and ready to learn. Standard conduct rules applicable to any other professional setting is required; however, certain rules will be relaxed. For example, all students will be given equal opportunity to express questions or present ideas regardless of military rank or status. All students, therefore, will be respectful of other’s opinions and discussion points. See the Park University Student Code of Conduct for further guidance on this issue.
Meeting 1: Review of Graphs, Introduction to Economics and the Economy: Limits, Alternative, and Choices
Meeting 2: The Market System and the Circular Flow
Meeting 1: Key Term Quiz, Demand, Supply, and the Market Equilibrium
Meeting 2: Elasticity, Market Failures
Meeting 1: Key Term Quiz, Test Review
Meeting 2: Test, Consumer Behavior
Meeting 1: Business and the Cost of Production
Meeting 2: Key Term Quiz, Pure Competition in the Short Run
Meeting 1: Pure Competition in the Long Run, Test Review
Meeting 2: Test, Pure Monopoly
Meeting 1: Key Term Quiz, Monopolistic Competition and Oligopoly
Meeting 2: The Demand for Resources
Meeting1: Wage Determination, test review
Meeting 2: Test, Rent, Interest, and Profit
Meeting1: Public Finance: Expenditures and Taxes
Meeting2: Key Term Quiz, Anti-Trust Policy and Regulation
Meeting 1: Income Inequality, Poverty, and Discrimination
Meeting 2: Key Term Quiz, final exam review
Meeting 1 Final Exam
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 2011-2012 Undergraduate Catalog Page 93
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 2011-2012 Undergraduate Catalog Page 93
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2011-2012 Undergraduate Catalog Page 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:4/11/2012 11:56:15 AM