Updated June 15, 2016
Principles of Microeconomics: ECON 2106
Summer 2016
Instructor:
Classroom:
Office:
Office Hours:
Office phone:
Fax:
E-Mail: / R. Mark Rogers, Adjunct Instructor of Economics
University
College of Business, Room T151D.
Tuesdays and Thursdays from 10:00 AM to 11:00 AM, other days with appointment
(678) 364-9105
(404) 201-2966
or
Key Academic Calendar Dates:
June 30: NO SHOW DEADLINE - last day for students to report to class. There may be serious financial aid consequences for any student who is reported as a no show due to the reduction in credit hours.
June 25 – July 8: Withdrawal Before Midpoint (final grade will be a W).
July 2 – 4: University Holiday, Independence Day (no classes).
July 8: Midpoint - last day to withdraw and receive a W grade.
Course Final: Thursday, July 21
The Mission of the College of Business
Our Mission: / · Prepare a diverse student body for business and professional careers by providing a quality education.
· Provide a student-centered environment, using technology to enhance student learning.
· Support faculty in applied and instructional research and service to the profession.
· Serve primarily the metropolitan Atlanta area.
Course Information
General: / 1) All students taking this course with this instructor should use this syllabus. This syllabus is subject to change. Check for updates.
2) Attendance is expected and will be awarded.
3) All tests are given as specified in this syllabus.
Course Description: / Application of microeconomics principles to economic problems; the theory of production, market structures, income distribution, government regulation and business, labor organization, externalities, and international trade.
Prerequisites: / Math 1101 or higher.
Course Goals: / This course will focus on the introduction to the study of Microeconomics--the study of firm and household economic behavior. By developing economic tools, a framework of analysis will be built to aid in the understanding of the many facets of modern economic activity. Special attention will be placed on analyzing the laws of supply and demand, profit maximization under different market structures, regulation of business by government, poverty and income inequality, and international trade.
Course Learning Outcomes: / The overall objective of this course is to familiarize the student with the microeconomic tools necessary to understand the strengths and weaknesses of market processes in guiding the allocation of scarce resources. Also, student should learn basic economic concepts and more about the economic system in which we live. Upon successful completion of this course, the student should have a basic understanding of:
1. Economic concepts such as scarcity, opportunity cost, and choice.
2. Learn How to apply economic models such as production possibilities, supply and demand, and other diagrams to express economic relationships and to predict the consequences of changes in relevant variables.
3. Microeconomic concepts such as consumer decision making, elasticity, costs, market structure, labor markets and international trade.
Textbooks, Supplementary Materials, Hardware and Software Requirements
Required Textbook: / OpenStax Microeconomics with Sapling Learning
Time permitting it is our goal to cover these chapters:
Week 1
Ch. 1: Welcome to Economics
Ch. 2: Choice in a World of Scarcity
Ch. 3: Demand and Supply
Week 2
EXAM I
Ch. 4: Labor and Financial Markets
Ch. 5: Elasticity
Ch. 6: Consumer Choices
Ch. 7: Cost and Industry Structure
Week 3
EXAM II
Ch. 8: Perfect Competition
Ch. 9: Monopoly
Ch. 10: Monopolistic Competition and Oligopoly
Ch. 11: Monopoly and Antitrust Policy
Week 4
EXAM III
Ch. 19: International Trade
Ch. 20: Globalization and Protectionism
Ch. 12: Environmental Protection and Negative Externalities
Ch. 13: Positive Externalities and Public Goods
Week 5
Ch. 17: Financial Markets
FINAL EXAM
How to Access / Sapling Learning has provided you with access to the OpenStax Principles of Microeconomics textbook. Click on the image of the cover on the right side of the page to bring up an electronic version you can search, highlight, bookmark, and annotate. Additionally, you can click here to visit the OpenStax website to download and print any available textbooks.
Supple-
mentary Materials: / I strongly recommend each student read newspapers and periodicals that report on economic issues. In particular, I recommend The Wall Street Journal, The Economist and Business Week. Their headlines and articles will be discussed in class.
The motivated student may wish to read the following books:
Friedman, Milton Capitalism and Freedom, for a broader perspective.
Hamermash, Daniel S., Economics is Everywhere, for a wider range of examples and analytical thinking.
ITP Choice: / Each CSU student is required to have ready access throughout the semester to a notebook computer that meets faculty-approved hardware and software requirements for the student’s academic program. See http://itpchoice.clayton.edu/ for full details of this policy.
Assessment and Grading
Testing Procedures: / There will be three mid-term exams plus a final examination. All of the exams in this course will be given on the days and times as it is scheduled in this course syllabus. No make-up exam is available in this course. If you miss any of the scheduled exams, please refer to "Free Pass Policy."
If you are missing an exam because of a legitimate reason you need to contact me in advance.
Grading Procedure: / First Exam. Points Available: 250
Second Exam. Points Available: 250
Third Exam. Points Available: 250
Final Exam. Points Available: 250
HW and quizzes: HW is given weekly on Aplia, quizzes will be given in class or on Aplia and will be announced (however, I may have few pop-quizzes as well). Points Available: 250
Total 1000 points possible
Your Percentage = Average of (Exams plus homework)
Extra credits:
I will reward up to 50 points extra credit for Attendance, class participation and discussion. There will be no penalty for missing two sessions of classes during the semester with or without excuse. After that, for each additional session missed 6 points will be deducted from the extra credit. If you arrive in class late and miss to sign in at the beginning of class, it will be considered as you missed that class. Also, to receive full extra credit you should actively engage in class discussions and ask relevant questions and answer the questions I ask in class. By the way, any student misconduct in class will also be penalized by a 5-20 points deduction from the extra credit, for example if I see a student is surfing internet while I am teaching I deduct some points from his/her extra credit in addition to possible dismissal from class.
Grading Scale: / 90% & above A
80% to 89% B
70% to 79% C
60% to 69% D
Below 60% F
W: Withdrawal from the course before the withdrawal deadline
WF: Withdrawal from the course after the withdrawal deadline
Bonus Point Policy: / If any bonus and/or extra points is given in this course, then the student who is receiving the points must have at least an average of 60 in the course--a grade of D or better--to be eligible to get the bonus and/or extra points. All bonus/extra points received will be added to your total points in the course.
Assignments and Participation
Participation: / Students must participate in all interactive aspects of the course.
Free Pass Policy: / This policy entails dropping one of the lowest scores you have made in any of your four (4) scheduled exams. There may be cases when a student is unable to take a scheduled exam, whether for personal reasons or any other reasons. I understand that these things may happen. Just use a free pass to handle a problem. That’s what the free pass policy is for.
Punctuality: / All active learning assignments--interactive assignments-- are due on the specified dates and time. Failure to submit any assigned assignment on the date and time specified will result in the loss of the assignment grade.
There will NOT be any extension for any reason!
Course Ground Rules
Attendance at all class sessions is expected and you are responsible for knowing what transpired in every class. Except in an unforeseen emergency, I expect to be informed beforehand if you need to miss a class. You are expected to learn how to navigate in WebCTVista, keep abreast of course announcements , use the assigned university e-mail address as opposed to a personal e-mail address, and be intellectually curious. The Academic Honor Code covers all assignments (projects)--students must abide by policies in the University Catalog, and Student Handbook. When you are attending this class, you should turn offyour beeper, cell phone and other electronic devices that you have with you. You may use your laptop computer, when it is required and permitted by the instructor, in this classroom. Only non-programmable calculators may be used on the exams.
Guidelines for Communications
Email: / · Always include a subject line with your course name and number included!
· Remember without facial expressions some comments may be taken the wrong way. Be careful in wording your emails.
· Do not send large attachments.
· Special formatting such as centering, audio messages, tables, html, etc. should be avoided unless necessary to complete an assignment (project) or other communication.
· Respect the privacy of other class members.
· Use my e-mail address: or .
General Expectations
I expect students to:
v Attend all scheduled classes
v Have read the textbook and required supplemental readings beforeclass and Turn in assignments when due
v Turn off their cell phones in class.
v Check email on a regular basis
v Ask questions and participate in class discussion and Be intellectually curious
v The Academic Honor Code covers all assignments--students must abide by policies in the University Catalog, and Student Handbook.
CSU Policy Concerning Children in Classes and On-campus
· Children are not permitted in classrooms.
· Faculty will not allow children to be present in their classrooms. If a student brings children to class, the student and children must be told to leave the classroom.
· Unattended children will not be permitted on-campus (in hallways, the gym, the library, outside of buildings, etc.).
· Public Safety (770-961-3540) will be notified if unattended children are observed on campus. If faculty or staff observe unattended children on-campus, they are responsible for informing Public Safety. The campus police will take any unattended children to the classroom of the parent, and will get the parent out of class. The parent will not be permitted to bring such children into the classroom.
· Parents are referred to Student Life (UC Room 258, 678-466-5432) for information concerning childcare facilities off-campus.
Alternative Format/Disabilities Service
Individuals with disabilities who need to request accommodations or obtain this document (or any document in the School of Business) in an alternative format, please contact Dr. Elaine Manglitz, Disability Service Coordinator at 678-466-5448 or e-mail her at or visit the website at: http://adminservices.clayton.edu/disability/
This course syllabus provides a general plan for the course. The instructor reserves the right to make periodic changes to the syllabus; including: assignments (projects), timetable, and examinations, etc., in order to accommodate the needs of the class as a whole and fulfill the goals and objectives of the course. If changes are necessitated during the term of the course, the instructor will immediately notify students of such changes by individual e-mail communication.
Operation Study
At Clayton State University, we expect and support high motivation and academic achievement. Look for Operation Study activities and programs this semester that are designed to enhance your academic success such as study sessions, study breaks, workshops, and opportunities to earn Study Bucks (for use in the University Bookstore) and other items.
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