Principles of Microeconomics Syllabus for 2017-2018
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Instructor Information

Office Location

<p>N/A</p>

Office Hours

Office hours are held virtually on an appointment-only basis.

If you need to make an appointment, please email me at shelby.moore22@actx.edu or contact me at 806-654-5633 to schedule a meeting.

*Please keep in mind that I am available for tutoring and clarification on any items throughout the semester! Online does not mean "on your own," and I am here to help.  You can text, call, or email me to schedule an appointment outside of normal office hours.  

Course Information

COVID-19 Protocols

Recording Policy

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If you have a disability (learning, mental, physical) that affects your ability to participate effectively and have access to any program or service at Amarillo College please contact Disability Services at (806) 345-5639 . Our offices are located in the Student Service Center office 112. More information may be found at www.actx.edu/disability.
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Administrative Drop Policy

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Course

ECON-2302-003 Principles of Microeconomics

Prerequisites

<p>Prerequisite: MATH-0303, RDNG 0331-minimum grade of C or a score on a state-approved test indicating college-level reading and math skills</p>

Course Description

Analysis of the behavior of individual economic agents, including consumer behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, factor markets, market failures and international trade.

Student ResourcesStudent Resources Website

Department Expectations

Occupational License Disclaimer

Notice to Students enrolled in an educational program for preparation of issuance of certain occupational licenses:

Students enrolled in an educational program in preparation for obtaining certain occupational licenses are potentially ineligible for such license if the student has been convicted of an offense. For further information, please contact your advisor, the Legal Clinic, or the faculty member in charge of the educational program that you seek to enroll in. The further information you will receive will include notification to you of your right to request a criminal history evaluation letter from the licensing authority in order to clarify your particular situation.

Hours

(3 sem hrs; 3 lec)

Class Type

Online Course

Syllabus Information

Textbooks

Economics, 2nd Edition

by Acemoglu, Laibson, and List

Textbook ISBN: 9780134492063

You will need to purchase a MyEconLab Access Code.

Supplies

Paper, pencil, and calculator.

Student Performance

  1. Define economics, state the nature of the "economic problem," and identify the three basic questions that all economic systems must answer.
  2. Construct a production possibility curve and explain how it illustrates concepts of opportunity costs, productive efficiency, and economic growth.
  3. Use elasticity of supply and demand to determine relative changes in price and quantity and cite practical application of these concepts.
  4. Describe the costs and revenues of production to include: fixed, average, variable, and marginal by use of graphs and mathematics.
  5. Identify the four market structures of pure competition, monopolistic competition, oligopoly, and monopoly by characteristics, and calculate the profit maximization point of price and quantity in the output markets by use of marginal analysis.
  6. Determine the profit maximization point of price and quantity of resources of pure competition and monopsony in the input markets by use of marginal analysis.
  7. Explain the advantages and disadvantage of government intervention in attempts of price floors and ceilings, public goods, inequality of information, and inequalities of income distribution.
  8. Explain the causes of positive and negative externalities in market economies and possible solutions.
  9. Demonstrate the advantages of free trade using the concept of comparative advantage.
  10. Use marginal analysis to make better business and personal decisions.

At the completion of the course you should show at least a minimum of 60% competency on the learning objectives listed in this syllabus.

Students Rights and Responsibilities

Student Rights and Responsibilities

Log in using the AC Connect Portal

In order to receive your AC Connect Email, you must log in through AC Connect at https://acconnect.actx.edu .

If you are an active staff or faculty member according to Human Resources, use "Exchange". All other students, use "AC Connect (Google) Email".

Expected Student Behavior

It is important for you to check the course daily, take good notes, participate in discussion, and complete all assignments in MyEconLab. I will expect you to read the material on your own before beginning assignments. 

 

Grading Criteria

I will determine your final grade with the following:

  1. Exams: 40%
  2. Online participation through discussion forums: 10%
  3. Quizzes in MyEconLab: 25%
  4. Homework assignments in MyEconLab: 25%

All quizzes, homework, and exams have strict deadlines. If you submit any work after the deadline, you will receive a zero for that assignment. I do not offer extra credit.

I encourage you to study with a classmate or with a study group. Do not cheat. If you cheat or the work you submit is not your own, you will receive a zero.


Your final course grade will consist of an average of:

  • A = 89.5 and above
  • B = 79.5 to 89.4
  • C = 69.5 to 79.4
  • D = 59.5 to 69.4
  • F = 59.4 and below

Attendance

It is important for you to actively participate in this class. Participation makes up 10% of your final grade.

Calendar

 

Week 1 Chapter 1: The Principles and Practice of Economics
Week 2 Chapter 2: Economic Methods and Questions
Week 3 Chapter 3: Optimization
Week 4

Chapter 4: Demand, Supply, and Equilibrium

Exam 1

Week 5 Chapter 5: Consumers and Incentives
Week 6 Chapter 6: Sellers and Incentives
Week 7 Chapter 7: Perfect Competition and the Invisible Hand

Week 8

Chapter 8: Trade

Exam 2

Week 9 Chapter 9: Externalities and Public Goods
Week 10 Chapter 10: The Government in the Economy
Week 11 Chapter 11: Markets for Factors of Production
Week 12

Chapter 12: Monopoly

Exam 3

Week 13 Chapter 13: Game Theory and Strategy Play
Week 14 Chapter 14: Oligopoly and Monopolistic Competition
Week 15 Chapter 18: Social Economics
Week 16 Final Exam
   

Additional Information

Last day to withdraw from course - November 21

 

Syllabus Created on:

08/19/17 9:35 AM

Last Edited on:

08/23/17 4:25 PM