Spring 2019 Course Syllabus
Course: ECON-2302- Section: 72D
Principles of Microeconomics
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Instructor Information
Instructor Jennifer Bryant
E-mailbryantjc@lamarpa.edu
Phone(409) 984-6389
Office
Location:Student Center - Room: 413
Hours:BY APPT. ONLY-Contact me via email to schedule a conference call.
Department
Business and Technology
Chair:Sheila Guillot
E-mail:guillsr@lamarpa.edu
Phone:(409) 984-6381
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
Mcconnell, Brue, Flynn. 2018. Microeconomics Connect Plus. McGraw Hill Publishing. ISBN: 9781260720761
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: May 8th
Major Assignments
Schedule
Week 1:Limits, Alternatives, and Choices; LearnSmart, Quiz Due Jan. 27
Week 2:The Market System and the Circular Flow; LearnSmart, Quiz , Due Feb, 3
Week 3:Demands, Supply, and Market Equilibrium; LearnSmart, Quiz Due Feb. 10
Week 4:Market Failures: Public Goods and Externalities; LearnSmart, Quiz Due Feb. 17
Week 5:Government's Role and Government Failure; LearnSmart, Quiz Due Feb 24
Week 6:Elasticity; LearnSmart, Quiz Due March 3
Week 7:Utility Maximization; LearnSmart, Quiz Due March 10
Week 8:Behavioral Economics; LearnSmart, Quiz Due March 24
Week 9: Business and the Costs of Production; LearnSmart, Quiz Due March 31
Week 10:Pure competition in the short run; LearnSmart, Quiz Due April 7
Week 11: Pure competition in the long run; LearnSmart, Quiz Due April 14
Week 12:Pure Monopoly; LearnSmart, Quiz Due April 21
Week 13:Monopolistic Competition; LearnSmart, Quiz Due April 28
Week 14:Oligopoly and Strategic Behavior; LearnSmart, Quiz Due May 5
Week 15:Final Exam Review
Week 16:Final Exam: May 8
Final Exam Date May 8, 2019 - 12:00 AM   Through  May 8, 2019 - 11:59 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
  1. No food or tobacco products are allowed in the classroom.

  2. Only students enrolled in the course are allowed in the classroom, except by special instructor permission.

  3. 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.