principles of economics ii/principles of …...made by calling 203-576-4290, or by stopping at the...

Economics 202, Summer Session 2019

Principles of Economics II/Principles of Microeconomics, ECONOMICS 202 (ECON 202), Summer Session 2019 (3 semester hours)

Note: This syllabus establishes rules and procedures for this course. Your decision to remain enrolled in the class indicates that you agree to follow these rules.

Instructor

Name: Professor Leon Battista

E-Mail: [email protected] “All emails are answered within 24 business hours”

Availability/Office Hours: online via UB email and/or Canvas. Appointments may be made on campus with advanced notice at mutually convenient and reasonable times for both instructor and student. Please note: for any summer session, meeting times exclude Friday, Saturday, Sunday, and Holidays. If you need tutoring, please see below on “Tutoring.”

Tutoring: If you need tutoring services please contact the Teaching and Learning Center. The Center offers professional and peer tutors in individual or group settings and can provide assistance for writing, study skills, subject-specific tutoring, and more. Appointments can be made by calling 203-576-4290, or by stopping at the Center located in Wahlstrom Library, 5th Floor, Suite 506. Walk-ins are welcome if a tutor is available. Online Tutoring: E-Tutoring is a free service offered by UB to undergraduate students. Students must log in on the e-Tutoring website to receive tutoring services. As participants in e-Tutoring, students have access to the following: Online Writing Lab, Live Tutoring, and Offline Questions. Please visit the Tutoring and Learning Center if you need help using e-Tutoring or have further questions.

Course

Department: School of Professional Studies (SPS)

Course Name and Number: Principles of Economics II/Principles of Microeconomics, Economics 202 (ECON 202)

Course Description:

Microeconomics is the study of choices made by individual consumers, individual households and individual firms. Under the condition of scarcity, optimal choices are made in order to allocate resources efficiently at the individual and firm level. Frameworks on consumer behavior, as well as firm's production decisions, are analyzed to understand how optimal choices are made under the market system.

INSTRUCTOR and CONTACT INFORMATION

UB e-Mail: [email protected]

Instructor: Office Hours: online via UB email and/or Canvas. Appointments may be made on campus with advanced notice at mutually convenient and reasonable times for both instructor and student.


Please note: For any summer session meeting times excludes Friday, Saturday, Sunday, and Holidays. If you need tutoring, please see above section on “Tutoring.”

REQUIRED TEXTBOOK:

Microeconomics, 6th Edition, By Hubbard and O'Brien, ISBN-13: 9780134106243. Pearson Group Publishers. This may be purchased or rented, either new or used.

Official Course Language: English only

Time Zones: East Coast of USA/New York time only. (Course due dates are according to this time zone only. There are no exceptions to this, including traveling).

Course Description: Microeconomics is the study of choices made by individual consumers, individual households and individual firms. Under the condition of scarcity, optimal choices are made in order to allocate resources efficiently at the individual and firm level. Frameworks on consumer behavior, as well as firm's production decisions, are analyzed to understand how optimal choices are made under the market system.

Course Prerequisite: Economics 201 (Macroeconomics);

Skill Prerequisite: A working knowledge of: Canvas, MS Word, MS Excel, basic mathematical relationships (slopes, graphing, percentage changes), and a business or scientific calculator

COURSE AND MODULE OBJECTIVES AND EVALUATION

Course Level Outcomes (CLO) Module-Level Objectives (MLO)

CLO # 1: Upon successful completion of this course learners will be able to demonstrate an awareness and understanding of economic theories, concepts and principles.

1. Students will describe, define and explain important economic concepts such as, but not limited to, opportunity cost, efficiency, productivity.

2. Learners will be able to communicate these ideas in


formally written papers/assignments, quizzes/exams, in reflective learning journals and in online discussions.

CLO # 2: Upon successful completion of this course learners will be able to utilize supply and demand diagrams to describe, analyze, explain and interpret how and why price and quantity are determined in a marketplace, and how and why price and quantity change in a marketplace, as well as how and why prices and quantities are determined and change in the microeconomy.

1. Learners will use their skills to analyze, explain and interpret supply and demand graphs to determine important economics variables such as Price and Quantity. Such variables, to be evaluated, but not limited to, pricing decisions and reactions, determination of quantity, changes in demand and supply conditions in the market place; dealing with price floors, ceilings, and taxes and their corresponding measurements.

2. Learners will be able to communicate these ideas in formally written papers/assignments, quizzes/exams, in reflective learning journals and in online discussions.

CLO # 3: Upon successful completion of this course learners will be able to apply, interpret and explain, using economic theory and graphs, consumer behavior and the firm’s behavior.

1. Learners will apply, explain, describe and interpret these economic theories, concepts and theories to a wide range of issues confronting consumer’s (allocation of income, demand determination, responsiveness to pricing decisions), and firm’s behavior (decisions about costs, technology, employment, profits and production).

2. Learners will be able to

communicate these ideas in formally written


papers/assignments, quizzes/exams, in reflective learning journals and in online discussions.

CLO # 4: Upon successful completion of this course learners will be able to describe, analyze and evaluate how a firm makes decisions under different market structures (perfect competition, monopoly, oligopoly, and monopolistic competition). As a corollary, learners will be able to: solve maximization and minimization problems, mathematically and graphically, for a consumer and a firm, as they related to various market structures.

1. Learners will describe, analyze and evaluate the similarities and differences in the four different market structures in terms of price, number of firms in the market, advertising, barriers to entry, types of goods sold, profit determination in both the short run and long run and the demand conditions in the various market structures.

2. In terms of maximization, learners will describe, analyze and evaluate the maximization of total revenue, profits and production, and in terms of minimization the minimization of per unit costs and opportunity costs.

3. Learners will be able to communicate these ideas in formally written papers/assignments, quizzes/exams, in reflective learning journals and in online discussions.

Required Materials & Equipment

Students will need the textbook listed above. This is an absolute requirement. Students will need a business or scientific calculator. Students will need regular access to the internet, Canvas, and a pc/laptop/tablet

Time Requirement This is a 7-week online course and will require 19-20 hours of work each week. A 15-week course requires 8-9 hours of work each week. A 3-credit class has 135 clock hours to fulfill accreditation requirements.


To be successful it will require self-discipline and excellent time management skills. It is imperative that you understand the course schedule and stay on top of your work. If you start to fall behind please reach out to your instructor immediately. This course will incorporate a variety of learning activities which include; readings, online discussions, quizzes, journals, writing assessments, projects, and exams.

Learning Activities

Overviews, readings and lectures Each module will contain an overview introducing the topic that is associated with the readings and video lectures, power points, and other multimedia activities.

Discussion and Writing Assignments

Each module will consists of discussion board questions and or essays. For your discussion questions you are required to make an initial post, which must be your own work and a two substantive replies by the due dates noted in the course. Please review the grading rubric before you post, so you have an understanding of the requirements for grading. When responding to other students posts simply typing “I agree” will not earn any points. Please conduct yourself in a professional and respectful manner to your colleagues in the class. Mocking and/or disruptive/abusive postings will result first in a warning and/or in a loss of points for that assignment the first time, with access to the discussion area removed (and thus your ability to complete discussion based assignments) if it occurs again. Please review the Netiquette Expectations below for further clarifications.

All discussion postings must be grammatically correct with correct spelling to receive full credit (ex: no texting shorthand, all sentences capitalized). It is highly recommended that you use a grammar and spelling checker such as Grammarly. The Rubric for point breakdowns for the discussions is located in our Canvas course site. Plagiarism WILL NOT be tolerated – please see plagiarism policy below.

Each discussion is listed below in the course schedule. Each discussion will be posted at 12:01 am on Monday and you will have until 11:59 pm Wednesday to complete your initial posting; otherwise it is late and will be penalized. Responses to classmates are due by 11:59 pm on Sunday. Once the discussion is closed, you will not be able to submit a response. Given there is ample time to complete the assignment, extensions will not be granted unless of an unseen circumstance that the instructor approves an exception.

Grading and feedback on each discussion will generally occur within 1 week of the final submission date. The grade received will be posted in Canvas, and you can click on the grade to receive the written feedback on the assignment.

Written assignments, discussions, learning journals and essays will be written using APA formatting and submitted through Canvas. Each item of writing will be reviewed by Turnitin to check for comparisons to other works such as formal publications, web materials and previous students work. It highly suggested that you check your essay using a grammar and spelling tool such as Grammarly. The essays will be graded based on the criteria of the rubric. It is suggested that you review the grading rubric before you begin to work your essay. Any violations of academic integrity will be handled exactly as prescribed in the UB student handbook. Please familiarize yourself with it. There are no exceptions, whether intentional or unintentional, no first time waiver of penalties, etc.


APA Resources Purdue Online APA Writing Lab; https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

PERRLA (not a free resource, but highly recommended) https://www.perrla.com/Default.aspx

Exams and quizzes There will be two exams. A midterm exam in week 4 which comprises all material from week 1-4 and a final exam given in the last week which will cover all material from weeks 5-7. The exams are timed with only one attempt allowed. The exams are due in their respective weeks by Sunday 11:59 pm. In the case of the final exam, whatever the last day of the course is, by 11:59 pm.

Weekly quizzes/assignments – online quizzes are due every week with the exception of weeks 4 and 7. They are posted on Canvas. There are two attempts at every quiz and they cover the material for the week. The quizzes are not timed but are due every Sunday by 11:59 pm. The quizzes are multiple choice, short answer/essay and graphing analysis. Only your highest score will be counted for each week.

WEEKLY DISCUSSION BOARDS/Assignments– STRATEGIES FOR INTERACTION

A discussion board or threaded conversations (known also as “Discussions” in Canvas) are one of the most commonly used tools in online and hybrid teaching. Discussion forums provide the ability for asynchronous (24/7) discussion to occur over a period of time. Students are able to reflect upon their ideas before sharing them with the class, leading to more reflective responses and in-depth learning. The Discussion Assignment should guide students into greater peer-to-peer learning by allowing students to respond to the work of each other, develop writing and thinking skills, and build a community of learners that will add to the online/classroom experience. Some practical suggestions are listed below to assist you in making the most of this teaching and learning tool. Questioning Techniques for Stimulating Interaction Questioning and listening are important tools for eliciting students’ participation. The following present some examples of questions to prompt and guide student involvement and tips to improve listening skills. [The section on questioning and listening quote from an article by Robert L. Jacobson (25 July 1984) in which David Garvin of the Hartford Business School is interviewed about these instructional tools.]

•Broad diagnostic questions that provide a springboard for opening up a discussion, such as ‘What’s your interpretation [of a given situation]?’ and ‘What the problem?’

•Specific questions of ‘action or decision,’ calling on students to suggest, for example, what someone in a given situation should do.

•Questions of extension and synthesis, such as ‘How does the comment tie in [with another student’s comment]?’ and ‘Can you carry that particular plan a bit further?’… ‘What are the implications [of a student’s observation] for issues we’ve been discussing?’

•Questions of priority or ranking: ‘What’s the most important issue?’

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

https://www.perrla.com/Default.aspx


•Questions that challenge and test: ‘Do you really believe that?’ ‘What’s the evidence to support your view?’

•Simple questions of clarification: ‘What do you mean by that?’

•Hypothetical questions: ‘Suppose that, instead of being the smallest company, the firm was the largest---would that change your recommendations in any way?’ or ‘Suppose, instead of being black, the kid had been white---would the issue have come up?’

•Summary questions: ‘What themes or lessons have emerged from this discussion?’ “Please describe if projects will be a requirement of the course.”

Learning Journals – these are due every week with the exception of weeks 4 and 7. They are reflective writing pieces on the material covered for that week. They are due every on Sunday 11:59 pm.

Start Here- Please review the “Start here” module first. This area will provide your instructors contact and specific guidelines for the course. This area includes the introduction forum, syllabus test, and technical backup plan activity. Late Assignments and Exams- Generally, late assignments/make up exams will not be accepted without documentation of extraordinary circumstances (i.e., an approved reason for absence such as documented illness or death in the immediate family that has been preapproved by your instructor).

Grades- Because of the need for confidentiality, course grades will not be given out by telephone, cell phone, or e-mail. All course grades will be available online through Canvas. I will also always be happy to go through them with you during my office hours.

LATE WORK - Late work may be accepted (see above) with a 20% grade reduction for each overdue day. This does not apply to examinations or discussions (no extensions, no late submissions). There is NO late work accepted for the last week of the course at all.

Learning Activities Points Percentage Discussions/assignments 1 per week X 7 weeks = 7

100 points each x 7 = 700 20%

Learning Journals x 5 weeks. Every week except weeks 4 and 7.

100 points each x 5 = 500 10%

Assignments/Quizzes x 5 weeks. Every week except weeks 4 and 7.

100 points x 5 = 500 30%

Midterm exam in week 4 100 points 20% Final exam in week 7. 100 Points 20% Total 100 %


Course grades will be assigned based on the following point values:

% of Points Earned Letter Grade % of Points Earned Letter Grade 100-94 A 76-74 C 93-90 A- 73-70 C- 89-87 B+ 69-67 D+ 86-84 B 66-64 D 83-80 B- 63-60 D- 79-77 C+ Below 60 F

Note: there are no A+ grades. INC grades are rarely given out and require a written contract between faculty and student. They are NOT given out to avoid an unwanted grade, if there is poor attendance or poor deadline adherence, excessive amounts of missing work, etc.

Course Schedule

Module/week Title Required Readings Required Assignments

#1 Introduction to the

nature and method of Economics, Graphing

Chapters 1 (including graphing

appendix), and 2.

Quiz, Discussion, and Learning Journal; includes all applicable readings, including

those in the discussion section, power points, and video clips

#2

The Market System, Supply and Demand,

Consumer and Producer Surplus

Chapters 3-4



#3 Elasticity Chapter 6



#4 Consumer Behavior, Choice, Utility. Chapter 10

Midterm Examination and Discussion; includes all applicable readings, including


#5 Technology, Production, Costs Chapter 11



#6 Perfect Competition Chapter 12 Quiz, Discussion, and Learning Journal; includes all applicable readings, including



#7

Oligopoly, Monopolistic Competition, Monopoly.

Chapters 13, 14, 15

Final Examination and Discussion; includes all applicable readings, including those in the discussion section, power points, and

video clips

Policy Statements

Information Technology Services https://its.bridgeport.edu/ 24/7 Phone Support (855) 333-8248 Help desk ticket: https://ceai.my.salesforce.com/home/home.jsp?sdtd=1

Canvas https://www.instructure.com/policies/privacy

Respondus http://www.respondus.com/about/privacy.shtml

Turnitin https://guides.turnitin.com/Privacy_and_Security

Zoom https://zoom.us/privacy

Panopto https://zoom.us/privacy

Communication Policy Students must use their UB email address. It is important that your communications should always be professional and respectful. Email responses are returned within 24 business hours. Some exceptions may include holidays or other reasonable circumstances. Requests for and that include personal information will not be responded to if a non-UB email address is utilized.

Student Accessibility Services The University of Bridgeport is committed to providing services to qualified students with disabilities so that they receive an equal educational opportunity. Refer to link below for specific information. http://www.bridgeport.edu/life/student-accessibility

Academic Integrity Policy, Principles and Procedures The University of Bridgeport is committed to fostering an environment of academic integrity, mutual respect and individual responsibility. A high standard of ethical conduct is expected of students in their

https://its.bridgeport.edu/

https://ceai.my.salesforce.com/home/home.jsp?sdtd=1

https://www.instructure.com/policies/privacy

http://www.respondus.com/about/privacy.shtml

https://guides.turnitin.com/Privacy_and_Security

https://zoom.us/privacy

https://zoom.us/privacy

http://www.bridgeport.edu/life/student-accessibility


academic activities. The University does not tolerate cheating in any form. https://files.bridgeport.edu/public/StudentLife/KeytoUB/Key_to_UB.pdf

Plagiarism Students are responsible for distinguishing clearly between their own facts, ideas, and conclusions and those of other sources. To use someone else’s words, opinions, or conclusions without giving them credit is plagiarism. Discipline for acts of academic dishonesty (i.e., cheating or plagiarism) will be imposed in accordance with the procedures. Refer to the Key to UB https://files.bridgeport.edu/public/StudentLife/KeytoUB/Key_to_UB.pdf

DISCIPLINE FOR ACADEMIC DISHONESTY (AD) -

Discipline for acts of academic dishonesty (i.e., cheating or plagiarism, etc.) will be imposed in accordance with the procedures set forth below. The following sanctions will generally be imposed:

First Violation: An “F” on examination, discussion, journal, quiz, or assignment on which the student committed the act of dishonesty. There is no way to make this up. If any lowest grades are dropped, AD violations are not included in this. Student is reported to the academic director, academic integrity officer, and their advisor; and, perhaps other administrators. Student is required to meet face to face with faculty member and may also be required to meet with others mentioned above. Student may NOT withdraw from the course until any and all AD violations are adjudicated.

Second Violation: An “F” on the work in questions and an “F” in the course in which the student committed the act of dishonesty. Student is reported to the academic director, academic integrity officer, and their advisor, and, perhaps other administrators. Student is unable to withdraw from the course.

Third Violation: Dismissal from the University for not less than one year.

Withdrawal Policy Please refer to the University’s website to review the refund and withdraw policy with drop dates that outline the amount of refund based on the week. Reach you to your academic advisor so they can direct you to the withdraw form. Failure to withdraw will result in a grade of “F” being assigned for the course. https://www.bridgeport.edu/financial-aid/tuition-fees/refund-withdrawal-policy

Intellectual Property Common misconception that material on the Internet is free. That is false. All intellectual property laws apply. Students are expected to post only material that is theirs by right of creation. Proper credit must be given for any material used which the student does not personally create. This includes images. For example, professionally done photos belong to the photographer and not the subject who only buys copies. Disclaimer Statement The schedule and procedures in this course are subject to change in the event of extenuating circumstances. Equal Opportunity/Affirmative Action University of Bridgeport in compliance with all applicable Federal and State laws and regulations does

https://files.bridgeport.edu/public/StudentLife/KeytoUB/Key_to_UB.pdf


https://www.bridgeport.edu/financial-aid/tuition-fees/refund-withdrawal-policy


not discriminate on the basis of race, color, national origin, sex, age, religion, disability, political affiliation, or status as a veteran in any of its policies, practices, or procedures. This includes but is not limited to admission, employment, financial aid, and educational services.

FERPA FERPA requires that the University of Bridgeport, except in certain circumstances enumerated above, to obtain a student’s written consent prior to disclosing personally identifiable information from his/her educational records. However, the University may disclose appropriately designated “directory information” without written consent. For additional information please refer to the Key to UB – page 107. https://files.bridgeport.edu/public/StudentLife/KeytoUB/Key_to_UB.pdf

E-tutoring Services Online tutoring can be accessed at http://www.etutoring.org – Northeast e-Tutoring Consortium/University of Bridgeport.

UB Netiquette Policy

Here at UB we want to help you make good decisions not only in your online courses, but also when you post something on the internet or send an email. The rules listed below will help you communicate appropriately online throughout your academic career.

If you are unsure if something is acceptable for class, or feel that a post in class is inappropriate, contact your instructor.

1. Be respectful and consider if what you have typed is something you would stand up and say in the classroom. Do not belittle, harass, intimidate, or discriminate against any students in class.

2. Maintain everyone’s privacy. Do not repost other people’s messages or emails and never post your password or personal information.

3. It is always possible that people other than your intended recipient may read your message. Once something is on the internet (or posted online) it is there forever, so think before you submit or send

4. Online communication is communication without gestures, tones, or expressions, so choose your words carefully.

5. Understand the implications of your online surroundings. Some online formats are very formal, others may be less formal. Avoid using slang or emojis on Canvas.

6. Don’t SHOUT (use all capital letters), use excessive punctuation (e.g. I like that!!!!), or underline text (it will be confused with a link) when writing messages.

7. Re-read all communications and assignments for grammar, spelling, and content mistakes before you submitting them through Canvas.

8. Share knowledge, ask questions, and cite sources. Do not plagiarize or use copyrighted materials without permission. If someone reads your words, they will want to know if the ideas are fact or opinion.


http://www.etutoring.org/


9. Avoid inciting strong negative responses. Offending others, or writing things which have no purpose other than to provoke an angry response from others, will not be tolerated.

10. Respect everyone’s time. Avoid posting duplicate information and try to keep posts short and clear whenever possible. Stay on topic and keep personal discussions in private messages.

11. Give everyone the benefit of the doubt. We all make mistakes. Correcting a person’s publically (particularly their spelling) is not acceptable. If you feel someone has done something wrong, feel free to message them privately. From the Professor:

12. You should NOT use profanity or vulgarity in any form, this includes written, audio, visual, etc. 13. Academic Integrity applies in all discussions, all writings, and all online communications as well. 14. Keep in mind the old book, “Everything I Ever Needed to Know I Learned in Kindergarten.” You

learned how to be nice, cooperative, friendly, work in groups, and be a good classmate. Apply those lessons on line as well.

principles of economics ii/principles of …...made by calling 203-576-4290, or by stopping at the...

Documents