UNIVERSITY OF ST. FRANCIS
SYLLABUS
ECON 102 – PRINCIPLES OF MICROECONOMICS Dr. Veree Ethridge
3 Credit Hours Spring 2007
9:00 – 9:50 a.m. MWF
REQUIRED TEXT: Microeconomics by Fred Gottheil, 4th Edition
Webct course site (http://www.stfrancis.edu)
Log in under MyUSF Portal
OPTIONAL COMPUTER WORK: CD ROM accompanying text
Power points shown in class on O drive under Bus Adm/Ethridge/pmicro
Web sites and other sources on Dr. Ethridge’s home page
COURSE DESCRIPTION:
This course will provide the student with a working knowledge of microeconomics: the study of individual economic decisions. Major emphasis is given to how individual consumers, firms, and resource suppliers decide how much to produce and spend, and how prices are determined. The role of the government and its affect on the market will also be examined.
COURSE AND GENERAL EDUCATION OBJECTIVES:
Upon completion of this course the student should be able to demonstrate the following:
Quantitative Analysis: how to locate and interpret economic data.
Reasoning Ability: how to use logic and critical thinking to evaluate claims of policymakers.
Historical Awareness: how to understand the economic events that shape our nation and world.
Scientific Awareness: how to understand the use of data to support theories.
Social Awareness & Responsibility: how to develop the capacity to make informed and responsible social judgments in relation to economic events.
Literacy: how to express the knowledge learned in both written and spoken form.
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SPECFIC COURSE OBJECTIVES BY SUBJECT TOPIC AVAILABLE
TO PRINT FROM THE NETWORK (Specific objectives will be given for each lecture and can be found on the common area on the student network under the O drive. The file is pmicro I-IV as a Microsoft Word document under the file folder Bus. Adm./Ethridge/pmicro)
TENTATIVE COURSE OUTLINE: (Check Webct calendar for changes)
Week of Topic Text Chapter
Jan. 8 Review of Supply & Demand 3
Elasticity of Supply & Demand 4
Jan. 17 Marginal Utility & Consumer Choice 5
Indifference Theory Appendix
Jan. 22 Price Ceilings & Floors 6
Jan 29 EXAM I – CHAPTERS 3-6 AND LECTURES
Feb. 5 Business Ownership 7
Cost of Production 8
Feb. 12 Production Function Class Handout
Maximizing Profit 9
Feb. 19 Identifying Markets 10
Feb 26 EXAM II – CHAPTERS 7-10 AND LECTURES
March 12 Price and Output- Monopoly 11
March 19 Oligopoly 12
Antitrust and Regulation 13
March 26 Externalities 14
April 2 EXAM III – CHAPTERS 11-14 AND LECTURES
April 9 Wages in Competitive Market 15 & Appendix
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April 16 Wages in Non-competitive Market 16
Interest, Rent & Profit 17
April 23 Income Distribution & Poverty 18
Less Developed Economies 21
Exam week EXAM IV – CHAPTERS 15-18 & 21 AND LECTURES
( first 1 hour of exam time when scheduled)
EXPECTATIONS OF STUDENTS:
ATTENDANCE: Class participation grade requires regular attendance or active
participation. Attendance is taken at the beginning of the class
period. If you are late you may not get credit for attendance.
Some material is presented only in the class lectures. Cell phones
may not be used in the class.
EXAMS: The format of the exams will be discussed in class. Any exams
missed on the assigned exam days must be made up on the very
next class meeting and must have prior approval. The exams dates
could be changed if the class needs additional time to master
the material. A week’s notice is given in class as to exact date.
CLASS ASSIGNMENTS:
During the semester five homework problems will be assigned.
Due dates will be announced and late papers (without prior approval)
will have points deducted for each day later. After the homework
is returned to the class, it will not be accepted. Seven Webct
quizzes will be assigned. The highest five will count.
Always check the Webct calendar for due dates.
GRADING POLICY:
EXAMS I – IV 400 points
Class Participation 50 points
Class Assignments 100 points
Webct quizzes 50 points
_________
TOTAL 600 points
540 points = A
480 points = B
420 points = C
360 points = D
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OFFICE HOURS: Monday & Wednesday 10:00 – 11:30 a.m.
Tuesday & Thursday 8:30-9:30 a.m.
And by appointment
Office – N222
Phone – 740-3849
Email - vethridge@stfrancis.edu
Web site: http:// www.stfrancis.edu/ba/vereee/index.htm
Academic Integrity:
Students have an obligation to exhibit honesty in carrying out their academic assignments. Students may be found to have violated this obligation if they plagiarize
or cheat. Plagiarism is presenting the work of others as one’s own. Cheating is taking, giving or accepting any illicit advantage for any course work inside or outside of the classroom.
ADA Statement:
The University strives to be in compliance with Americans with Disabilities Act (ADA) regulations. To this end, a student who requires special support or arrangements due to a disability should contact the Office of Disability Services Coordinator, Pat Vivio at 815-740-3864 in the ARC; Library L 214 to coordinate accommodations. This contact should occur no later than the first week of classes in order to allow for sufficient time to provide accommodations. Should a need arrive after the start of a semester, the student is encouraged to contact the ADA coordinator as soon as possible. Each case will be reviewed on an individual basis.
Academic Resources:
If you need academic-related resources or assistance, please contact the Academic Resource Center on the second floor of the USF Library, room 214, or call them at
(815) 740-5060.
USF Mission Statement:
As a Catholic university rooted in the liberal arts, we are a welcoming community of learners challenged by Franciscan values and charism, engaged in a continuous pursuit
of knowledge, faith, wisdom and justice, and ever mindful of a tradition that emphasizes reverence for creation, compassion and peacemaking. We strive for academic excellence
in all programs, preparing women and men to contribute to the world through service and leadership.
College of Business Mission Statement:
The mission of the College of Business is to offer undergraduate and graduate degree programs that are career oriented and focus on academic excellence. Undergraduate programs are designed for traditional and nontraditional students providing a blend of professional studies, technology and a strong liberal arts curriculum. Graduate programs are designed for working professionals and are practitioner based. All programs in the College of Business are driven by the University’s Catholic Franciscan mission. The College seeks to inspire in its students a love of knowledge and truth and to instill the Franciscan values of respect, compassion, integrity and service.
Policies not covered in this syllabus will be handled in accordance with the USF catalog.