ECO11403:

Intro to Microeconomics

Spring 2017

Thurs.6:00-8:45

Meigs Center

Professor: Dr. Wesley Thoene

Phone:(740)245-7347

E-mail:

Office:Bob Evans Farms Hall 239

Office Hours:Tues. & Thurs. 11:15-11:30, 12:45-2:30; Wed. 12:00-1:00

Office Fax:740.245.7432

Website:

TEXTBOOK AND OTHER REQUIRED MATERIALS:

Mankiw, N. G. (2015). Principles of Microeconomics (7th ed.). United States: South-western.

COURSE OBJECTIVES:

This course will introduce students to several economic topics, including the nature of economic problems, theory of consumer behavior, theory of firm markets, and resource allocation.

PROGRAM OUTCOMES: The following outcomes have been adopted for the degree program for which this course is required:

  1. Students will be able to identify and describe the introductory concepts, basic theories, and fundamental practices, in the principal functional areas of business.
  2. Students will be able to describe and illustrate the significance of the economic environment of business,
  3. Students will be able to use current technology and computer applications in support of business administration.
  4. Students will be able to produce and present effective oral and written forms of communication.

GRADING POLICIES/TESTING/ASSIGNMENTS/ATTENDANCE/EXPECTATIONS

Grade calculation% of Grade Grading Scale

Participation 15%A=90-100%

Quizzes 25%B=80-89%

Midterm Exam 25%C=70-79

Final Exam 35%D=60-69%

F=<60%

Participation:

Participation will be measured through both attendance, the quality of comments students make in the classroom, and completion of homework. Students are advised to read the assigned chapters before coming to class in order to be prepared for classroom discussion.

Quizzes

Throughout the semester, quizzes will be assigned. These quizzes will be announced in advance of class, and students will have approximately an hour to complete them. Quiz formats will be either multiple-choice or fill-in. If enough quizzes are assigned, students will have the option of dropping their lowest quiz grade. Except in extreme circumstances, students will not be able to make up quizzes.

Examinations

The midterm course examination is tentatively scheduled for March 2. The final exam will be announced later. Both exams will contain multiple-choice and fill-in questions.

The following is a tentative schedule for the course. Please note that these dates are subject to change, and that such changes will be announced in class.

Date / Class / Topic / Material
Jan 12 / #1 / Course Overview
Ten Principles of Economics / ∙ Chapter 1
Jan 19 / #2 / Thinking Like an Economist / ∙ Chapter 2
Jan26 / #3 / Interdependence and the Gains of Trade / ∙ Chapter 3
Feb 2 / #4 / The Market Forces of Supply and Demand / ∙ Chapter 4
Feb 9 / #5 / Elasticity & Its Application / ∙ Chapter 5
Feb 16 / #6 / Supply, Demand, & Government Policies
QUIZ #1 / ∙ Chapter 6
Feb 23 / #7 / Midterm Review / ∙ Chapters 1-6
Mar 2 / #8 / Midterm Exam / ∙ Chapters 1-6
Mar 9 / #9 / No Class: Spring Break
Mar 16 / #10 / Externalities / ∙ Chapter 10
Mar 23 / #11 / Public Goods and Common Resources / ∙ Chapter 11
Mar 30 / #12 / The Costs of Production / ∙ Chapter 13
Apr 6 / #13 / Firms in Competitive Markets / ∙ Chapter 14
Apr 13 / #14 / No Class: Maundy Thursday
Apr 20 / #15 / Monopolies
QUIZ #2 / ∙ Chapter 15
Apr 27 / #16 / Review / ∙ Chapters 10-12, 13-15
May 4 / #17 / Final Exam

ADA POLICY: If a student wishes to be identified as having a physical, mental, or learning disability, that may or may not require reasonable accommodation(s), he/she must register with the Office of Accessibility. These registered students should identify themselves to their instructors and provide a written statement from the Accessibility Office that indicates the appropriate accommodations. The process of a student self-proclaiming the need for accommodation should occur as early in the semester as possible. The Office of Accessibility phone is 245-7339 and is located in Rhodes Hall, Room 116, University of Rio Grande.

FERPA: The University of Rio Grande and Rio Grande Community College are committed to fully respecting and protecting the rights of students under the Family Educational Rights and Privacy Act (FERPA). These rights generally include the right to inspect, review and seek amendment to the student's education records and the right to provide written consent before personally identifiable information from education records is disclosed. Under FERPA, students have the right to file a complaint with the US Department of Education concerning alleged failures to comply with FERPA. Please see the Student Records Confidentiality/Rights Under FERPA section of the Student Handbook for details and more information.

ACADEMIC DISHONESTY: Standard universitypolicies, as described in the Student Handbook, apply.

WITHDRAWAL: Refer to Student Handbook

** This syllabus is not to be construed as a contract with the

student and may be subject to change**

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