ECO 2023- Microeconomics

ECO 2023- Microeconomics

Spring 20172

Course Syllabus

Instructor: Professor Geraldine Klonarides

Email: gklonari@broward.edu;

Please use D2L email. Use my BC email ONLY if you are unable to access the course email

Office Hours: Mon and Wed 10:45am- 11:45am and by appointment

Class Time: Mon and Wed

9:30am -10:45am

Course Description:
An introductory course stressing microeconomic theories. Topics studied include the theory and application of supply and demand elasticity; theory of consumer demand, utility; production and cost theory including law of diminishing returns; the firm's profit-maximizing behaviors under market models ranging from pure competition to pure monopoly; the theory of income distribution; comparative advantage, trade policies exchange rates, balance of payments, and other international issues. Prerequisite: Completion of prep reading obligation.

General Course Outcomes:

1.0 The student shall be able to define the basic economic concepts; learn and apply the language and terminology of economics; and explain the role of government in a modern mixed economy.

2.0 The student shall be able to calculate elasticity and apply the concept in various demand and supply situations.

3.0 The student shall be able to apply the analytical basis of consumer behavior in using services and goods.

4.0 The student shall be able to determine the theoretical optimum behavior of the firm as it seeks to maximize total profit in various market models ranging across the competitive spectrum, from pure competition to pure monopoly.

5.0 The student shall be able to write clearly and coherently in describing basic production theory, the marginal productivity theory of income distribution, and the relationship of the latter to theories of rent, wages, interest, and profit.

6.0 The student shall be able to describe the theories and problems of international trade, in developed and developing economics, as well as the history and present status of the international payment system.

To maximize your chances for success in this course, make sure that you meet the following course prerequisites:

Course Prerequisites and Co-requisites: Successful completion or testing out of REA 0017C and Eligibility to take ENC 1101

Required Text; Title: Core Microeconomics
Author(s): Eric P. Chiang

Publisher, Edition: Worth Publishers: Third edition
ISBN 13: 9781464191466

Books for this course is available at the bookstore on the Central Campus

A. Hugh Adams Central Campus Bookstore
Admissions & Student Service Center - Bldg. 19
3501 SW Davie Road
Davie, Florida 33314-1604
Tel: (954) 201-6830

à It is highly suggested that all students actively participate in classroom discussions.

à If there are any unforeseen circumstances, which may result in an unexcused absence, it is the student’s responsibility to contact the instructor via email.

à If you are absent you will be responsible for the material you missed and it is your responsibility to contact your team mates to find out what you missed.

à Cheating and plagiarism will not be tolerated and will result in automatic failure of assignment, in which it occurs.

à Professionalism and respect are an integral part of this course and all students are expected to do their utmost to conform to these expectations.

à Make-up tests are NOT given unless I believe that your absence is justifiable and is documented. Being absent because you’re just not ready for the test is not a justifiable absence, thus your test grade will be entered as a zero.

à All electronic devices such as cell phones, iPods and any other devices must be placed in silent mode or simply turned-off during the duration of the class.

Note: The Academic Success Center is located in building 17 on the 2^nd floor, located on Central Campus, and is available to students for tutoring, computing, and related services.

In all online communication, it is expected that all students will follow rules of online "netiquette". Netiquette is a set of rules for polite online behavior that all students are expected to follow. General netiquette rules can be found by clicking here. Basically, these rules say "be respectful and be polite to each other". We all make mistakes and we all have different approaches to life, work, and school.

Individuals who violate the netiquette policy or engage in disruptive online behaviors such as flaming (posting disrespectful or hostile comments), posting inappropriate comments, or shouting (posting messages using all capital letters) may have their course access privileges revoked and/or they may be referred to the Dean of Student Affairs. Students who continue to engage in unacceptable online behavior after being warned, may be withdrawn or receive an F for the course.

Please don't use email shorthand such as ROTFL (rolling on the floor laughing) or BTW (by the way) - not everyone knows what these abbreviations mean. If you want to use emoticons (smileys) to convey feelings, please stick with the basics happy :-) sad :-( or wink ;-). Others are less well known and are subject to different interpretations. The idea is to be clear in your communications.

Attendance/Participation (30 classes)                                     150 points
Discussions (13 @ 20 points each)                                         260 points
Quiz (1 @ 20 points)                                                              20 points
Exam (1 @ 25 points)                                                             25 points

An “Incomplete” grade will be given only for a serious, documented, long-term illness or accident. Only if a student becomes disabled after the course drop date and only if all work has been completed by the drop date will the student be considered eligible for an incomplete grade. Incomplete grades are not to be used for extra time to achieve better grades or higher standards. The instructor has the ultimate decision to grant the incomplete grade. Incompletes will not be given unless 85% of course work is completed.

Students are to work individually on exams and quizzes. Students found texting, talking, or helping other students during exams, tests, or quizzes will receive a grade of zero. Any students found guilty of plagiarism will receive a grade of zero for their assignment. Students should refer to the Student’s Rights and Responsibilities Handbook.

You are responsible for being familiar with all BC online policies and procedures related to your activity in this course.

Learning Environment Policy: All students are expected to support Broward College’s mission statement and commitment to provide an effective learning environment. Any behaviors and/or events determined to be detrimental to success in any college related academic pursuit at BC are prohibited. This includes, but is not limited to, bringing unauthorized visitors, e.g., children, friends, or other family members to classrooms; and usage of cell phones, pagers, radios or radio headsets, especially in campus libraries, classroom, laboratories, computer labs or any location where the BC learning process takes place. Food and beverages will not be allowed in the classroom.

Please refrain from text-messaging or Internet browsing during class. Portable devices should be turned off or set on silent mode before you enter class. No recording devices are permitted without explicit permission. Any violations of acceptable student conduct may result in the student being asked to leave the classroom. Final discretion for any and all portions of this policy rests with the professor.

Class participation and attendance will be worth 150 points of the final course grade. Attendance will be taken at every class meeting. Regular classroom attendance is a necessity for proper understanding of the course material. If you miss a class, it is your responsibility to find out what was covered. There are no make-ups for any quizzes or exams. Inadequate attendance or arriving late and leaving early during the term will decrease your attendance and participation percentage. The instructor also reserves the right to drop you for inadequate attendance.

Students will read, analyze, and respond to questions and comments posted in the D2L discussion forum. Each discussion assignment is worth 20 points.

· Their individual post should answer the main discussion question/s by the deadline stated in the syllabus.

· The number of words of their individual post should be no less than 100 words and proof read.

· Language should be clear, precise, and appropriate for the intended scholarly audience.

Quiz and Exams: There will be one quiz as outlined on the class schedule below. The quiz is worth 20 points. The quiz may be multiple choice and/or true and false questions. Quiz materials will be taken from textbook assigned readings, lectures, and discussions. Further details will be given prior to each quiz in class. There will also be one exam at the end of the course; worth 25 points. Exam questions will be taken from textbook assigned readings, lectures, and discussions. Further details will be given prior to the exam in class.

Group Assignments:
Assignments should represent the student’s careful, thoughtful efforts to cover the key elements of the topic thoroughly. Assignments should contribute substantive value to the understanding of the subject. Content should go beyond mere description or paraphrasing. Students must always submit work that represents their original words or ideas. If any words or ideas used in a class posting or assignment, you must cite all relevant sources and make clear the extent to which such sources were used. The work should be thematic and based on an analytical framework of the learner’s choosing. Each Group Assignment is worth 100 points. Assignment should demonstrate:

· Originality of Ideas and Research: All written assignments must demonstrate a unique, creative approach to the problem being studied and represent the original work of the learner.

· Use of literature: Assignments should be grounded in appropriate, adequate, and timely academic literature. No specific number of sources is prescribed, but those used should represent the best available references for scholarly work.

· Clarity and logic of Presentation: Assignments should present ideas in a clear manner and with a strong organizational structure. Coverage of facts, arguments, and conclusions should be logically related and consistent.

· Grammar and Adherence to APA Format: Language should be clear, precise, and appropriate for the intended scholarly audience. When formatting and composing assignments, learners must follow the guidelines described in the Publication Manual of the American Psychological Association.

Late Assignments:
All late assignments must be approved by the instructor. Late submissions without prior approval will not be graded; consequently, you will earn a zero for the assignment. Upon approval for the late submission your assignment will be graded according to the following scale:

After 6 days, assignments will not be accepted and the student will receive a zero grade.

Note: The Academic Success Center is located in building 17 on the 2^nd floor, located on Central Campus, and is available to students for tutoring, computing, and related services.