Summer Sessions 2021 Course Syllabus
Course: ECON-2302- Section: 71
Principles of Microeconomics
|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.|
|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|
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. 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, and 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 the use of marginal analysis.
7. Determine the profit maximizing price and quantity of resources in factor markets under perfect and imperfect competition by the 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.
* 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|
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
Week # Chapter # TOPICS
Week 1 Chapter 1 Introduction to Economics; The Art and Science of Economic Analysis
Week 1 Chapter 2 Economic Tools and Systems
Week 2 Chapter 3 Economic Decision Making
Week 2 Chapter 4 Supply and Demand
Week 3 Chapter 5 Elasticity
Week 3 Chapter 6 Consumer Choices
Week 4 Chapter 7 Production and Costs
Week 4 Chapter 8 Perfect Competition
Week 4 Chapter 9 Monopoly
Week 4 Chapter 10 Monopolistic Competition and Oligopoly
Week 5 Chapter 15 Economic Regulation and Antitrust Policy
Week 5 Chapter 16 Public Goods and Public Choice
Week 5 Chapter 17 Externalities and the Environment
Week 5 Chapter19 International Trade
Week # ASSIGNMENTS
Week 1 Discussion Board: Intro
Week 1 Chapter 1 Quiz
Week 1 Discussion Board: Opportunity Costs, Chapter 2 Quiz
Week 2 Chapter 3 Quiz
Week 2 Discussion Board: Supply and Demand, Chapter 4 Quiz
Week 2 Research Project: Topic Selection, Exam 1-Chapters 1-4
Week 3 Discussion Board: Price elasticity of demand, Chapter 5 Quiz
Week 3 Discussion Board: Diminishing Marginal Utility, Chapter 6 Quiz
Week 4 Research Project: Rough Draft Due, Chapter 7 Quiz
Week 4 Chapter 8 Quiz, Chapter 9 Quiz
Week 4 Discussion Board: Monopoly, the game, Exam 2, Chapters 5-8
Week 5 Chapter 15 Quiz
Week 5 Chapter 16 Quiz
Week 5 Discussion Board: Tragedy of the Commons, Chapter 17 Quiz
Week 5 Discussion Board: International Trade
Week 6 Final Exam
|Final Exam Date||July 10, 2021 - 11:1 AM Through July 10, 2021 - 11:59 PM|
|Grading Scale||90 - 100=A 80 - 89=B 70 - 79=C 60 - 69=D Below 59 = F|
20% Discussion Boards
15% Unit #1 Exam
15% Unit #2 Exam
15% Final Exam
20% Course Paper
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 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 15 percent of your final grade. The Final exam is a course requirement. Failure to submit the Final exam will result in a failing course grade.
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 15 percent of your final grade.
There will be 7 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. Proper grammar is required for full credit on Discussion Boards. 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 10 percent of your final grade.
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 20 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.
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.
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.
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.
Copying, stealing, and submitting someone else?s research is considered a violation of the Academic Dishonesty policy. Academic Dishonesty of any kind will not be tolerated. A student violating this policy will receive an automatic F for the course semester grade plus a violation of the Student Code of Conduct will be placed on your record.
As your instructor, you can expect for me to respond to any communication you send me within 48 hours (FYI - I do not usually respond to emails after 7pm). You can also expect grades to assignments within a minimum of 2 weeks from the due date.
|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.|
|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.|
|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.|
It is my policy to NOT give incompletes as a final course grade. Work must be submitted by the dates assigned.
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.
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.
|HB 2504||This syllabus is part of LSC-PA's efforts to comply with Texas House Bill 2504.|