Fall 2021 Course Syllabus Course: ECON-2302- Section: 01 Principles of Microeconomics

Instructor Information
Instructor	Matthew Johnson
E-mail	johnsonmt@lamarpa.edu
Phone	(409) 984-6420
Office	Location: Student Center - Room: 411 Hours: Tues/Thr (0800-0900) ; Fri (0800-1500)
COVID 19 Information	The Lamar State College Port Arthur (LSCPA) Student Code of Conduct COVID 19 Policy requires students who have been exposed to COVID 19 or diagnosed with COVID 19 to report their condition on the COVID 19 Notification Form (available via a link on the Student Code of Conduct COVID19 webpage). This information will be provided to the Dean of Student Services. In addition, this policy requires all students to wear face coverings in compliance with the criteria included in the policy. For more information please refer to the COVID 19 link on the LSCPA website.
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	1. Explain the role of Scarcity, Specialization, Opportunity Cost, and Cost-Benefit Analysis (CBA) in economic decision making. 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. 3. Summarize the Law of Diminishing Marginal Utility; Describe the process of Utility Maximization. 4. Calculate Supply and Demand Elasticities; Identify the determinants of Price-Elasticity of Demand and Supply; Demonstrate the relationship between Elasticity and Total Revenue. 5. Describe the Production Function and the Law of Diminishing Marginal Productivity; Calculate and graph Short-Run and Long-Run Costs of Production. 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. 7. Determine the Profit-Maximizing Price and Quantity of resources in Factor Markets under Perfect and Imperfect Competition by use of Marginal Analysis. 8. Describe governmental efforts to address Market Failure such as Monopoly Power, Externalities, and Public Goods. 9. Identify the benefits of Free Trade using the concept of Comparative Advantage.
Core Objectives	Communication skills: Students will demonstrate effective written, oral and visual communication. Critical Thinking Skills: Students will engage in creative and/or innovative thinking, and/or inquiry, analysis, evaluation, synthesis of information, organizing concepts and constructing solutions. Empirical and Quantitative Skills: Students will demonstrate applications of scientific and mathematical concepts. Social Responsibility: Students will demonstrate intercultural competency and civic knowledge by engaging effectively in local, regional, national and/or global communities.
Program Student Learning Outcomes
Textbooks	Textbook Purchasing Statement: A student attending Lamar State College Port Arthur is not under any obligation to purchase a textbook from the college-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer. ECON-Micro5, McEachern, 5th Edition, Cengage Learning ISBN:978-1-305-63194-6
Lecture Topics Outline	Week 01: Introduction to Economics (Chapter 01) Week 02: Economic Tools and Systems (Chapter 02) Week 03: Economic Decision Making (Chapter 03) Week 04: Supply and Demand (Chapter 04) Week 05: Supply and Demand (Chapter 04) Week 06: Elasticity (Chapter 05) Week 07: Consumer Choices (Chapter 06) Week 08: Production and Costs (Chapter 07) Week 09: Perfect Competition (Chapter 08) Week 10: Monopoly (Chapter 09) Week 11: Monopolistic Competition and Oligopoly (Chapter 10) Week 12: Economic Regulation and Anti-Trust Policy (Chapter 15) Week 13: Public Goods and Public Choice (Chapter 16) Week 14: Externalities and the Environment (Chapter 17) Week 15: International Trade (Chapter 19)
Major Assignments Schedule	Week 01: Discussion Board: Introduction Week 02: Assignment: Intracultural; Chapter 01 Quiz Week 03: Discussion Board: Opportunity Costs; Chapter 02 Quiz Week 04: Chapter 03 Quiz Week 05: Discussion Board: Supply and Demand; Chapter 04 Quiz Week 06: Research Project: Topic Selection; Unit 01 Homework Assignment; Unit 01 Exam (Chapters 01-04) Week 07: Discussion Board: Price Elasticity of Demand; Chapter 05 Quiz Week 08: Discussion Board: Diminishing Marginal Utility; Chapter 06 Quiz Week 09: Research Project: Rough Draft Due, Chapter 07 Quiz Week 10: Chapter 08 Quiz Week 11: Discussion Board: Monopoly-The Game; Unit 02 Homework Assignment; Unit 02 Exam (Chapters 05-08) Week 12: Chapter 15 Quiz Week 13: Chapter 16 Quiz Week 14: Research Project: Final Project Due; Discussion Board: The Tragedy of the Commons; Chapter 17 Quiz Week 15: Discussion Board: International Trade Week 16: Final Exam
Final Exam Date	December 8, 2021 - 10:00 AM   Through  December 8, 2021 - 10:50 AM
Grading Scale	90 - 100=A    80 - 89=B    70 - 79=C     60 - 69=D    Below 59 = F
Determination of Final Grade	Weekly Quizzes: 15% Unit Assignments: 10% Discussion Boards: 10% Unit 01 Exam: 15% Unit 02 Exam: 15% Final Exam: 15% Course Paper: 20%
Course Policies
Instructor Policies	Announcements: I will post announcements weekly, usually early in the week. These announcements indicate upcoming due dates and notes which will be important to your success in this course. You should carefully read these announcements every week. Exams: Exams will be provided within a Blackboard examination window. The exams will be timed and limited to 60 minutes. Make-up exams will not be given. Missed exams will receive a score of zero. Your exam will be graded immediately by Blackboard. Feedback on specific exam questions will be given 24 hours after the exam is due. Dates for exams are listed on the Course Calendar and on the Task List. You must work alone while taking the exam. Cheating on exams is not acceptable and will be subject to violations of the Academic Dishonesty Policy. Academic Dishonesty will result in a zero on any assignment; a second incidence of academic dishonesty will be handled at the discretion of the Department Chair There will be a comprehensive Final Exam. All students must take the Final Exam. Failure to take the Final Exam will result in a failure of the course. Quizzes: Weekly quizzes will be given covering the chapter studied respectively. Dates for quizzes are listed on the Course Calendar and on the Task List. There will be no make-ups for missed quizzes. Missed quizzes will receive a score of zero. Quizzes will be averaged for a final grade. Discussions: There will be seven Discussion sessions in which you must participate. You must submit a thread of your own creation in direct response to the prompt and respond to two other threads begun by different classmates to receive full credit on Discussion Boards. Your participation must be substantial and meaningful in order to receive credit. You will not receive full credit for responses such as " I agree" or "Good Post". Each Discussion Board has a grading matrix so that you can see exactly how each one will be graded. Due dates for Discussion Boards are listed on the Course Calendar and on the Task List. There will be no make-up opportunities for missed Discussions. Missed Discussions will receive a score of zero. Discussion Board assignments will be averaged for a final grade. Plagiarism will not be tolerated and will be subject to violations of Academic Dishonesty previously outlined. Research Project: You will be required to submit a formal research project. The research project is due on the date listed on the Course Calendar, the Task List, and on the "Research Project" page. Required content, proper format, adequate research, and correct citations are required. A grading matrix, outline, and guidelines are provided on the "Research Project" page. The opportunity to submit a rough draft to be graded and returned to you with suggestions is provided. The Research Project is 20 percent of your final grade and is a course requirement. Failure to submit a Research Project will result in failure of the course. Plagiarism will not be tolerated and will be subject to violations of Academic Dishonesty previously outlined. Use of Instructional Materials: Instructional materials, such as PowerPoint Presentations, Instructional Videos, etc. are provided in Blackboard for each chapter. These will be useful in understanding and reinforcing concepts as they are presented in class. Extra Credit: There will be no additional opportunities for extra credit. Do not ask. Professional Communication: My preferred method of communication is through email. Students must use appropriate e-mail etiquette when corresponding with their instructor. This involves writing emails in a "letter" format as opposed to "text chat" format.
Attendance Policy	Poor attendance is a leading reason for employment termination in all areas of employment. Attendance is taken daily as regular participation in class is necessary for proper skill development. Students who miss more than two classes will automatically lose ten points from their final grade (one letter drop). Subsequent letter drops will be assessed after four and six absences. Eight absences will result in automatic failure of 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.
MyLSCPA	Be sure to check your campus E-mail and Course Homepage using MyLSCPA 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 MyLSCPA.
Other	Miscellaneous: Reliable Internet access is required for all online courses and many traditional courses. Computer failure and lack of internet access are not acceptable excuses for missed assignments, projects, quizzes, or exams. A lack of preparation on your part does not constitute an emergency on my part. Do not postpone completion of assignments until the last minute. You are expected to attend class as a professional student. This means you are to demonstrate proper hygiene, dress appropriately, and conduct yourself in a professional manner. Disrespect or insubordination will not be tolerated and will result in dismissal from class. I will not discuss your academic progress over the phone. I will not answer emails past 4:30pm (1630) each day and I will not answer emails over the weekend. It is my policy to NOT give Incompletes as a final course grade It is the responsibility of the student to properly withdraw from the course. The withdraw process will not be initiated by the instructor. I reserve the right, as the instructor to change, alter, omit, or add to the tentative course outline and calendar. This course continues to be a "work in progress". Assignments, due dates, etc. can change.
HB 2504	This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.
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.