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Fall 2022 Course Syllabus
Course: ECON-2302 (Section: 71Z, CRN: 91540) Principles of Microeconomics |
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| Instructor Information | |||||||||
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| Instructor | Kara Booth | ||||||||
| boothkn@lamarpa.edu | |||||||||
| Phone | (409) 984-6418 | ||||||||
| Office | Umphrey Industrial Technology Center - Room: 201 A | ||||||||
| Office Hours | Virtual Upon Request |
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| Additional Contact Information | |||||||||
| 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. | ||||||||
| Required 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.
Title: Microeconomics | 2nd edition Author: Steven Greenlaw and David Shapiro ISBN: 978-1-947172-38-8 Publisher: OpenStax |
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| Additional Materials/Resources | None. | ||||||||
| Corequisites/Prerequisites |
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| Learning Outcomes |
1. Explain the role of scarcity, specialization, opportunity cost and cost/benefit analysis in economic decision-making. 2. Identify the determinants of supply and demand; demonstrate the impact in shifts in both market supply and demand curves on equilibrium price and output. 3. Define and measure national income and rates of unemployment and inflation. 4. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy. 5. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank. 6. Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions. 7. Explain the mechanics and institutions of international trade and their impact on the macro economy. 8. Define economic growth and identify sources of economic growth. |
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| 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. |
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| Lecture Topics Outline |
Description of Topic Introduction to Economics; The Art and Science of Economic Analysis Economic Tools and Systems Economic Decision Making Supply and Demand Unit 1 Exam (Chapters 1 – 4) Elasticity Consumer Choices Production and Costs Perfect Competition Monopoly Monopolistic Competition and Oligopoly and Unit 2 Exam (Chapters 5-10) Economic Regulation and Antitrust Policy Public Goods and Public Choice Externalities and the Environment International Trade Final Exam Chapters 1-10, 15,16, 17, 19 |
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| Major Assignments Schedule |
Week # ASSIGNMENTS Week 1 Discussion Board: Intro Week 2 Chapter 1 Quiz Week 3 Discussion Board: Opportunity Costs, Chapter 2 Quiz Week 4 Chapter 3 Quiz Week 5 Discussion Board: Supply and Demand, Chapter 4 Quiz Week 6 Research Project: Topic Selection, Exam 1-Chapters 1-4 Week 7 Discussion Board: Price elasticity of demand, Chapter 5 Quiz Week 8 Discussion Board: Diminishing Marginal Utility, Chapter 6 Quiz Week 9 Research Project: Rough Draft Due, Chapter 7 Quiz Week 10 Chapter 8 Quiz, Chapter 9 Quiz Week 11 Discussion Board: Monopoly, the game, Exam 2, Chapters 5-8 Week 12 Chapter 15 Quiz Week 13 Chapter 16 Quiz Week 14 Research Project: Final Project Due, Discussion Board: Tragedy of the Commons, Chapter 17 Quiz Week 15 Discussion Board: International Trade Week 16 Final Exam |
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| Final Exam Date | December 7, 2022 - 12:1 AM Through December 7, 2022 - 11:59 PM | ||||||||
| Grading Scale |
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| Determination of Final Grade |
Chapter Quizzes 10% Discussion Boards 15% Unit Exams (4) 48% (12% each) Final Exam 12% Research Project 15% |
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| Course Policies | |||||||||
| Instructor Policies |
Minimum Technical Skills To be successful in this course you must be proficient in Blackboard, Microsoft Word, Microsoft Excel, and email. Knowledge of how to attach (upload) documents is required. Response Time Policy Quizzes and exams are automatically graded by Blackboard and will be available to you immediately. Unit assignments and discussions will be graded in 7-10 days after the due date. Rough drafts and Final Research papers will usually be graded within two weeks of the due date. Emails will generally be answered within 24 hours (emails after 7pm will usually be answered the next day). Announcements I will post announcements weekly, usually early in the week. These announcements indicate upcoming due dates and notes important to your success in this course. You should READ these Announcements every week. I also recommend using the BlackBoard app on your phone, with notifications, so that you immediately receive notices of new announcements for this class. 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. 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. Dates for exams are listed on the Course Calendar and on the Task list. Each exam counts for 12 percent of your final grade. The Final exam is a course requirement worth 12 percent of your final grade. Failure to submit the Final exam will result in a failing course grade. Quizzes Weekly quizzes will be given covering the chapter studied that week. Dates for quizzes are listed on the Course Calendar and on the Task list. There will be no makeups for missed quizzes. Missed quizzes will receive a score of zero. The 4 lowest quiz grades will be dropped. Combined, these quizzes will count as 10 percent of your final grade. Discussions There will be 8 Discussion sessions in which you must participate. To receive full credit on Discussion boards, you must submit a thread of your own creation as indicated by the prompt and respond to at least two threads begun by your classmates. Your participation must be substantial and meaningful in order to receive credit. You will not receive full credit with a response 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 Discussions are listed on the Course Calendar and on the Task list. There will be no makeups for missed Discussions. Missed discussions will receive a score of zero. The lowest 2 Discussions will be dropped. Combined, these Discussions will account for 15 percent of your final grade. Research Paper You will be required to submit a formal research paper. The research paper is due on the date listed on the Course Calendar, in 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. Plagiarism will not be tolerated and will be subject to violations of academic dishonesty. The opportunity to submit a rough draft to be graded and returned with suggestions is provided. The Research Paper is 15 percent of your final grade. Please note that the research paper is a course requirement. Failure to submit a paper will result in a failing course grade. Use of Instructional Materials Instructional materials, such as PowerPoints and concept videos, are provided in Blackboard for each chapter. These will be useful in understanding concepts as presented in the chapters. Chat Sessions It is possible that I may schedule a chat session periodically (if needed) to answer questions. Your attendance/participation is not required and does not count for a grade. If a chat session is conducted, the session will be recorded so that you can view the session at your convenience. Extra Credit At the end of the semester, there will be ONE opportunity for you to gain 2 points on your Final exam grade, by completing the instructor evaluation. There will be NO additional opportunities for extra credit. Make-Up/Late work Exams, quizzes, assignments, discussion boards, the rough draft, and the final research paper are due on the dates as listed on the Course Calendar and Task list. There will be no make-up exams. There will be no make-up quizzes. Late discussion boards will not be accepted. Late assignments will not be accepted. Units, exams, quizzes, or discussion boards will not be reopened once closed. Late research papers will not be accepted. Due Dates All due dates are listed on the Course Calendar – found by clicking on the Calendar Menu button – AND on the Task list – found by clicking on the Tasks menu button. Due dates are also announced in the weekly announcements. Quizzes, exams, assignments, discussion boards, and research papers will NOT be accepted nor reopened because a student “did not know it was due.” |
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| Attendance Policy | To be successful in this online course, the student MUST purchase the assigned textbook and log into BlackBoard 4-5 times weekly. Regular, reliable access to BlackBoard via Internet is required for this online course. | ||||||||
| Additional Information |
Incomplete Grades Assigning the grade of incomplete (I) requires prior approval of the Department Chair. An I is assigned only when the deadline for dropping the course has passed, the student is passing the course, and course requirements, including the final examination, cannot be completed because of unavoidable circumstances. To receive an incomplete, a student must be in good standing to pass the class and must have completed most of the course work (75%). Withdrawing from the course It is the responsibility of the student to properly withdraw from the course. The withdraw process will not be initiated by the instructor. Changes in Calendar Instructor reserves the right 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 and usually do change. Technical/computer/Internet/software/hardware/Blackboard Issues It is the responsibility of the students to ensure that any and all technical/computer/Internet/software/hardware/Blackboard issues are handled in a timely manner and that all tech support personnel are contacted to correct the problems. These issues do not excuse a student from assignments or exams. |
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| Institutional Policies | |||||||||
| MyLSCPA | Be sure to check your campus email and Course Homepage using MyLSCPA campus web portal. You can also access your grades, transcripts, academic advisors, degree progress, and other services through MyLSCPA. | ||||||||
| Academic Honesty | Academic honesty is expected from all students, and dishonesty in any form will not be tolerated. Please consult the LSCPA policies (Academic Dishonesty section in the Student Handbook) for consequences of academic dishonesty. | ||||||||
| 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. | ||||||||
| 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. | ||||||||
| 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. | ||||||||
| HB 2504 | This syllabus is part of LSCPA's efforts to comply with Texas House Bill 2504. | ||||||||
| Mandatory Reporting of Child Abuse and Neglect | As per Texas law and LSCPA policy, all LSCPA employees, including faculty, are required to report allegations or disclosures of child abuse or neglect to the designated authorities, which may include a local or state law enforcement agency or the Texas Department of Family Protective Services. For more information about mandatory reporting requirements, see LSCPA's Policy and Procedure Manual. | ||||||||
| Title IX and Sexual Misconduct | LSCPA is committed to establishing and maintaining an environment that is free from all forms of sex discrimination, including sexual harassment, sexual violence, and other forms of sexual misconduct. All LSCPA employees, including faculty, have the responsibility to report disclosures of sexual misconduct, including sexual harassment, sexual assault (including rape and acquaintance rape), domestic violence, dating violence, relationship violence, or stalking, to LSCPA's Title IX Coordinator, whose role is to coordinate the college's response to sexual misconduct. For more information about Title IX protections, faculty reporting responsibilities, options for confidential reporting, and the resources available for support visit LSCPA's Title IX website. | ||||||||
| Clery Act Crime Reporting |
For more information about the Clery Act and crime reporting, see the Annual Security & Fire Safety Report and the Campus Security website. |
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| Grievance / Complaint / Concern | 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. | ||||||||
| Department Information |
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