Fall 2019 Course Syllabus Course: ECON-2302- Section: 3D Principles of Microeconomics

Instructor Information
Instructor	Jennifer Bryant
E-mail	bryantjc@lamarpa.edu
Phone	(409) 984-6381
Office	Location: UITC - Room: 201B Hours: BY APPT. ONLY-Contact me via email to schedule a conference call.
Department	Business and Industrial Technology Chair: Sheila Guillot E-mail: guillsr@lamarpa.edu Phone: (409) 984-6381 If you have a grievance, complaint, or concern about this course that has not been resolved through discussion with the Instructor, please consult the Department Chair.
Course Information
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.
Prerequisites	TSI complete in reading
Learning Outcomes	Upon successful completion of this course, students will: CSLO 1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making. (PSLO A measured by exams.) CLSO 2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output. (PSLO 1 measured by exams.) CLSO 3. Summarize the law of diminishing marginal utility; describe the process of utility maximization. (PSLO 2 measured by exams.) CLSO 4. Calculate supply and demand elasticities, identify the determinants of price elasticity of demand and supply, and demonstrate the relationship between elasticity and total revenue. (PSLO 3 measured by exams.) CLSO 5. Describe the production function and the Law of Diminishing Marginal Productivity;calculate and graph short-run and long-run costs of production. (PSLO 2 measured by exams.) CSLO 6. Identify the four market structures by characteristics; calculate and graph the profit maximizing price and quantity in the output markets by use of marginal analysis. (PSLO 3 measured by exams.) CLSO 7. Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by use of marginal analysis. (PLSO 3 measured by exams.) CLSO 8. Describe governmental efforts to address market failure such as monopoly power, externalities, and public goods. ( PLSO 2 measured by exams.) CLSO 9. Identify the benefits of free trade using the concept of comparative advantage. (PLSO 1 measured by exams.)
Core Objectives
Program Student Learning Outcomes	PSLO ALPHA: Reading skills - Demonstrates comprehension of content-area reading material. PSLO 1: Critical Thinking Skills ? Uses creative thinking, innovation, inquiry and analysis, evaluation and synthesis of information. PSLO 2: Communication Skills ? Demonstrates effective development, interpretation and expression of ideas through written, oral and/or visual communication PSLO 3: Empirical and Quantitative Skills ? Applies the manipulation and/or analysis of numerical data or observable facts resulting in informed conclusions.
Textbooks	Mcconnell, Brue, Flynn. 2018. Microeconomics. 21st Edition. McGraw Hill Publishing. ISBN: 9781260720754 (needed only if you cannot study with an ebook) Mcconnell, Brue, Flynn. 2018. Microeconomics Connect Plus. McGraw Hill Publishing. ISBN: 9781260720761 (comes with an ebook)
Lecture Topics Outline	Week 1:Limits, Alternatives, and Choices Week 2:The Market System and the Circular Flow Week 3:Demands, Supply, and Market Equilibrium Week 4:Market Failures: Public Goods and Externalities Week 5:Government's Role and Government Failure Week 6:Elasticity Week 7:Utility Maximization Week 8:Behavioral Economics Week 9: Business and the Costs of Production Week 10:Pure competition in the short run Week 11: Pure competition in the long run Week 12:Pure Monopoly Week 13:Monopolistic Competition Week 14:Oligopoly and Strategic Behavior Week 15:Final Review Week 16:Final Exam: Dec. 5th
Major Assignments Schedule	Week 1:Limits, Alternatives, and Choices; LearnSmart, Quiz Due Sept. 1 Week 2:The Market System and the Circular Flow; LearnSmart, Quiz , Due Sept 8 Week 3:Demands, Supply, and Market Equilibrium; LearnSmart, Quiz Due Sept 15 Week 4:Market Failures: Public Goods and Externalities; LearnSmart, Quiz Due Sept 22 Week 5:Government's Role and Government Failure; LearnSmart, Quiz Due Sept 29 Week 6:Elasticity; LearnSmart, Quiz Due Oct. 6 Week 7:Utility Maximization; LearnSmart, Quiz Due Oct. 13 Week 8:Behavioral Economics; LearnSmart, Quiz Due Oct. 20 Week 9: Business and the Costs of Production; LearnSmart, Quiz Due Oct. 27 Week 10:Pure competition in the short run; LearnSmart, Quiz Due Nov. 3 Week 11: Pure competition in the long run; LearnSmart, Quiz Due Nov 10 Week 12:Pure Monopoly; LearnSmart, Quiz Due Nov 17 Week 13:Monopolistic Competition; LearnSmart, Quiz Due Nov 24 Week 14:Oligopoly and Strategic Behavior; LearnSmart, Quiz Due Dec. 1 Week 15:Final Exam Review Due: Dec Week 16:Final Exam: Dec. 5th
Final Exam Date	December 5, 2019 - 12:00 AM   Through  December 5, 2019 - 11:00 PM
Grading Scale	90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of Final Grade	Quizzes-30%, Homework-20%, LearnSmart-20% Final Exam, 30%
Course Policies
Instructor Policies	No late work.
Attendance Policy	Research has shown a cause and effect relationship between attendance and college success. Students that have not logged in for 2 weeks may be dropped from the course.
Academic Honesty	Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSC-PA policies (Section IX, subsection A, in the Faculty Handbook) for consequences of academic dishonesty.
Facility Policies	No food or tobacco products are allowed in the classroom. Only students enrolled in the course are allowed in the classroom, except by special instructor permission. Use of electronic devices is prohibited.
Important Information
ADA Considerations	The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the the Office for Disability Services Coordinator, Room 231, in the Madison Monroe Building. The phone number is (409) 984-6241.
MyLamarPA	Be sure to check your campus E-mail and Course Homepage using MyLamarPA campus web portal (My.LamarPA.edu). When you've logged in, click the email icon in the upper right-hand corner to check email, or click on the "My Courses" tab to get to your Course Homepage. Click the link to your course and review the information presented. It is important that you check your email and Course Homepage regularly. You can also access your grades, transcripts, and determine who your academic advisor is by using MyLamarPA.
Other
HB 2504	This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.