ECO 2030
Microeconomics

Course Syllabus - Spring 2011

Supply and Demand interact to determine quantity and price


General Class Information
Weekly Schedule
Course Description
 Textbook / Prerequisites
Course Objectives
Academic Support
Evaluation and Grading
Academic Integrity
Departmental and Class Policies
Aplia Information

 
Class Information:
Instructor:  Professor Reed Fisher        Class:  Tuesdays and Thursdays
Office:  217 Martinetti Hall        Time:  2:30 p.m. - 3:45 p.m.
Office Hours:  Wednesdays --
  • 10:00 am - 12:00 pm & 2:00 pm - 3:45 pm
  • also by appointment, please ask!
  •        Room:  DEW 132
           Credit Hours:  3
    Phone:  802-635-1301
    E-mail:  Reed.Fisher@jsc.edu
    Instant Messaging:  AOL Instant Messenger -- my buddy name is jsc prof reed
                                       Skype -- my contact name is reedatjsc
    Professor Fisher's Web Site:  fisher.jsc.vsc.edu
    Blackboard Class Web Site:  blackboard.vsc.edu

     

    Textbook and Prerequisites:
    Prerequisites:
    • 3 years of high school math
    Textbooks and Supplements:
    • Principles of Microeconomics  --  Required Text
      by Libby Rittenberg and Timothy Tregarthen  [copyright © 2009]
    This book is available as a FREE e-text from http://www.flatworldknowledge.com.  If you prefer a paper copy of the Rittenberg text you can order it for about $40 from the same web site.

    Here is how to find and access or buy the textbook: 
    1. go to http://www.flatworldstudents.com
    2. locate the -- FIND YOUR CLASS -- search bar towards the top of the page
    3. in the search bar type in  --  reed fisher 
    4. click on the link ==>  Microeconomics -- Spring 2011 
    5. you must register before you have access to the FREE online version of our textbook & you can also choose the book option that is best for you.
    this is our required textbook for the semester

     

    Course Description:
    This course introduces the student to those principles essential to understand of the economics of the modern economy.   Topics include:  price theory at the firm and market level, the policy alternatives society utilizes to contend with problems of inefficiency and market failure, and understanding why consumers purchase the products they do. 
    Departmental Learning Outcomes and Assessment:  
      
    The Business and Economics Department has identified five learning outcomes that should be developed and mastered by the time our students graduate.  Graduates of the Business and Economics Department will:
    1. integrate classroom knowledge with guided work/internship experience,
    2. demonstrate industry appropriate communication skills and the ability to work effectively with diverse groups in a team environment,
    3. demonstrate the ability to adapt themselves to a changing business environment while encouraging others to do so as well,
    4. demonstrate the ability to amass, evaluate, and interpret complex information to make effective business decisions, and
    5. demonstrate the appropriate business norms and ethics, and mastery of the fundamental skills and knowledge required to successfully steward a business operation.
    This course will give you an opportunity to develop skills towards mastering learning outcome 4.
    • Learning Outcome 4 -- The market affects business decisions everyday.  We will develop a series of techniques to help us explain a variety of economic questions.  For example: how consumers choose the products they do, why firms are focused on becoming monopolies, why wealth and income are not equally distributed across our population, and why firms choose to pollute.  Using mathematical and graphical analysis we will develop the tools to help us answer these and other questions businesses and society faces everyday.

     

    Course Objectives:
    By the end of the course the student should be able to....
    • discuss the importance to society of scarcity and resource allocation,
    • describe the four factors of production,
    • describe the market mechanism continuum,
    • discuss the global view of the U.S. economy,
    • describe the factors of supply and demand,
    • recognize when market failure occurs,
    • compute and discuss price elasticity,
    • read, develop, and interpret economic graphs,
    • explain the determinants of price theory
    • explain the costs of production,
    • discuss the difference between economic and accounting profits,
    • describe the market structure continuum,
    • discuss the economic mechanisms of the competitive market,
    • discuss the economic mechanisms of the monopolistic market,
    • discuss the economic mechanisms of the oligopolistic market, and 
    • describe options and costs of regulation.

     

    Departmental and Class Policies:

    Conduct in Class:
    Students should conduct themselves in accordance with the Student Handbook of Rights and Responsibilities, page 18.   Any acts of classroom disruption that go beyond the normal rights of students to question and discuss with instructors the educational process relative to subject content will not be tolerated.  Examples of inappropriate disruptions include but are not limited to the following:
    • disruptive (side) conversations;
    • leaving class to go to the bathroom (especially during guest speakers);
    • disrespectful comments about fellow students;
    • interrupting the instructor about issues that should be discussed after class (such as a grade or accepting late homework);
    • using computers to surf the web, instant message or doing homework for another class;
    • ringing cell phones  [please turn off your cell phones when in class].
    Sanctions for the above will be in accordance with the Student Handbook of Rights and Responsibilities, page 20.

    Examinations:
    Examinations must be taken when scheduled.  Please plan your schedule accordingly.  Make-up examinations will not be allowed unless the instructor has, prior to the examination, approved a request for make-up.  If the examination is given as a take home exam, the exam is due by the date and time given on the exam.  Late take home exams will not be accepted
     
    Special Note:  our final exam is scheduled for Tuesday, May 10th
    Please plan accordingly since you will NOT be able to take the exam early!


    Attendance:
    Attendance has a high correlation with success in this class thus, students are expected to attend every class.  Attendance will be taken at the beginning of every class.
       number of absences
       effect on final grade
         0-4  (up to 2 weeks = 14% of classes)
         no reduction of final grade
         5-6  (up to 3 weeks = 21% of classes)
         up to one letter grade reduction
         7+   (more than 3 weeks of classes)
         possible failure of the course

    Tardiness:
    Students are expected to be in class on time.  Arriving late to class is disruptive as well as disrespectful to your fellow students.  Six unexcused tardies will result in the reduction of one letter grade for the course.  Seven unexcused tardies will result in failure for the course.

    Late Assignments:
    All assignments are due at the beginning of class. For 1000 and 2000 level courses, late assignments will be reduced as follows: 25% reduction if turned in by the beginning of the next class, 50% for the second class, 100% after the second class.  For 3000 and 4000 courses late assignments will not be accepted and will result in a grade of zero for that assignment.  Please note that this is a 2000 level course!

    Appeals:
    To appeal a grade, either talk to the instructor or send an email to your instructor within two weeks of the grade having been received. Overdue appeals will not be considered.

    Incomplete Policy
    For a student to receive an incomplete, he or she must have a passing grade and must have completed a significant portion of the course work. Students will not be given an incomplete grade in the course without sound reason and documented evidence.


     

    Course Evaluation and Grading Scale:
    Final grades will be determined using the grading criteria outlined in the JSC Undergraduate Catalogue. Your final grade in this course will be based on the following assignments:
    Assignments
    Explanation
    Points
    Total
    15 chapter quizzes
    drop the lowest quiz score
    14 @ 30 points
    420
    7 homeworks drop the lowest homework score
    6 @ 30 points
    180
    final exam
    combination of short answer and problems
    150 points
    150
    4 semester projects
    projects will vary; details will be given in class
    50 points each
    200
    Attendance / Participation

    50
    50
    Total class points    
    1,000
    This is the scale I will use for assigning final grades:
    Grading Scale
    A+   98-100% B-    80-82% D    63-66%
    A    93-97% C+   77-79% D-   60-62%
    A-   90-92% C     73-76% F    below 60%
    B+   87-89% C-    70-72%  
    B    83-86% D+   67-69%  
    Exams:  Will be administered during class and will be closed book and notes.  The exams will be a combination of short answer (e.g., multiple choice, true/false, and fill in the blank), problems, and short essay/case analysis questions.  You are encouraged to bring a straight edge and calculator to the exams.  I also suggest you look at the chapter quizzes and homeworks when studying for the exams.
    Chapter Quizzes:  Chapter quizzes will be available on our Blackboard class site.  You may use your book and notes while taking the quiz but you may not work with anyone else while taking the quiz.  Once you begin the quiz you must finish it so be sure to give yourself plenty of time to complete the quiz.
    Homeworks:  Homeworks will be predominantly problem oriented.  You will be expected to graph appropriate economic concepts as well as to calculate a variety of economic measures.  You may drop your lowest homework grade.  Homework Assignments will be posted on the Moodle class site.
    Projects:  Several projects will be handed out during the semester.  These projects will involve economic analyses of real world issues, current events presentations, and interpreting economic data.  Additional information about the projects will be given when the project is handed out in class.

     
    Academic Support:
    Students who have an academic need may receive support in the following areas:  testing accommodations for students who have a documented disability, assistance with test taking strategies and study skills, intensive advising, personal counseling, tutoring, and support for non-traditional students through the department of Academic Support Services and the Learning Resource Center in Dewey Campus Center.  Some services may require meeting eligibility requirements.  Please call extension 1259 or 1464 or stop by their office in room #126 or room #114 in the Dewey Campus Center) for more information.

    Students with disabilities, who believe that they may need accommodations in this class, are encouraged to contact me during my office hours.  It is your responsibility to contact the Academic Support Services (Dewey 123, extension 1264) as soon as possible to verify your eligibility for any classroom accommodations, to ensure that such accommodations are implemented in a timely fashion, and to access academic assistance related to your disability.

     

    Academic Integrity:
    I expect all of your work, including group projects, to be independent and original. This includes providing proper citation and credit when utilizing information from outside sources.  JSC’s policy on academic honesty, located in the JSC Undergraduate Catalogue, will be strictly enforced in this class.  I encourage you to review this Powerpoint on Plagiarism and Copyright.
    "Students are expected to be honest in all their academic work at Johnson State College. Academic dishonesty in any form is prohibited and unacceptable. Acts of dishonesty for which a student may be disciplined include, but are not limited to, receiving or providing unauthorized assistance on an examination and plagiarizing the work of others in writing assignments. The American Heritage Dictionary defines plagiarism in the following way: "To steal or use (the ideas or writings of another) as one's own." Students are responsible for knowing what specific acts constitute plagiarism; if students are uncertain whether a particular act constitutes plagiarism, they should consult with their instructors before turning in assigned work."


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    this page is maintained by Reed Fisher
    last updated January 15, 2011