ECONOMICS 2302 PRINCIPLES OF MICROECONOMICS Course Syllabus Fall 2011 I. Instructor A. C. Dale Robison, B.S., M.S. B. Contact Information: Tel: 806-716-4678 C. Email: [email protected] D. Office Location: Reese Campus, Building 2, Room 263 E. Office Hours: Monday: 11:15-12:00pm, 2:15-5:00pm, 8:15-8:45pm Wednesday: 11:15-12:00pm, 2:15-5:00pm, 8:15-8:45pm II. Course Materials A. Text: O’Sullivan, Sheffrin S. and Stephen J. Perez. Microeconomics: Principles, Applications, and Tools. Seventh Edition: Prentice Hall (Pearson). III. Course Grade Determination: A. Course activities will carry the following point totals: Attendance 90 Reaction Paper 10 3 Exams at 100 points each 300 Total Points 400 Exams will be a combination of multiple choice, true and false, and short answer questions. Make-up exams will be given only for legitimate reasons made known to me before the day of the exam. If you miss an exam for a legitimate reason made known to me before the exam, you will have 7 calendar days to make up the exam without penalties. If you retake the exam between 8 and 14 days from the regular exam date, you will automatically lose 50 points. After 14 days, you will not be allowed to make up the exam. Students will not be allowed to “re-take” any exam. One mandatory reaction paper will be assigned during the semester. The paper must be turned in on or before the due date to receive any credit. No papers will be accepted after the due date. Points from the reaction paper will be earned based on content, grammar, spelling, and any other specific criteria. Grade Determination: A = 358 points or more B = 318 to 357.9 points C = 278 to 317.9 points D = 238 to 277.9 points F – 237.9 points or lessIV. Class Expectations A. Read the material and complete any assignments prior to class to the best of your ability. B. Attendance is essential. If a student misses every class for any fourteen consecutive calendar day period, excluding holidays, the instructor is required to initiate a student’s administrative withdrawal from the class. V. Course Description This course discusses theories of the firm, value and price determination, and functional distribution with the application of these theories to problems of particular firms, industries and markets. VI. Course Objectives: Upon successful completion of this course, each student will demonstrate, by examination, a satisfactory (minimum 70% accuracy) working knowledge of the following microeconomic principles and theories: Numerous terms necessary for concept attainment and understanding; opportunity cost and the production possibilities curve; the economic problem; market demand and supply; demand/supply curve shifters; price elasticity determinants of demand and supply; marginal and total utility; law of diminishing returns; in-depth production costs/returns content; perfectly competitive markets with comparison to a monopolistic firm; determinants of the demand/supply for labor; the effects and determinants of microeconomic policy issues and regulation. VII. Accommodations: Students with disabilities, including, but not limited to physical, psychiatric, or learning disabilities, who wish to request accommodations in this class should notify Special Services early in the semester so that the appropriate arrangements may be made. In accordance with federal law, a student requesting accommodations must provide acceptable documentation of his/her disability to the Coordinator of Special Services. For more information, call or visit the Special Services Office Reese Center Building 8, 885-3048, Extension 4654.ECONOMICS 2302 PRINCIPLES OF MICROECONOMICS Course Schedule Fall 2011 Week Content Chapter Aug 29-Sept 2 Introduction Chapter 1 Sept 6-9 Terminology Chapter 2 Sept 12-16 Theories, Concepts, Principles Chapter 3 Sept 19-23 Demand, Supply, and Chapter 4 Sept 26-30 Market Equilibrium Oct 3-6 FIRST EXAM and Chapter 4 October 10-13 Elasticity of Demand & Supply Chapter 5 October 17-21 Consumer Choice Theory Chapter 7 October 24-28 Production Costs Chapter 8 October 31-Nov 4 Perfect (Pure) Competition Chapter 9 November 7-11 SECOND EXAM and Chapter 8 November 14-18 Pure Monopoly Chapter 10 November 21-22; 28 Monopolistic Competition Chapter 11 November 28-Dec 2 Oligopoly Chapter 12 Dec 5-9 “Microeconomic Public Issue Discussion” Selected Readings Dec 12-15 THIRD EXAM COURSE SCHEDULE IS SUBJECT TO CHANGE AT THE INSTRUCTOR’S DISCRETION September5, Labor Day October 14, Spring Break Holiday November 23-25, Thanksgiving