William Rainey Harper College ECO 211 Microeconomics: An Introduction to Economic Efficiency Syllabus Fall 2015 ECO 211-001, ECO 211-002, and ECO 211-003 ~/~ Home ~/~ Syllabus ~/~ Schedule ~/~ Lessons ~/~ Papers ~/~ Practice Exercises ~/~ Video Lecture Notes ~/~ Textbook Website ~/~ Blackboard ~/~ X

GET AHEAD !

THREE SECTIONS These web pages will be used by three different class sections: ECO 211-001 (Mon./Wed., 8:00-9:15, J-253) ECO 211-002 (Mon./Wed.., 9:30-10:45, J-253) ECO 211-003 (Mon./Wed., 11:00-12:15, J-253) GENERAL INFORMATION INSTRUCTOR: Mark Healy OFFICE: J-262 OFFICE HOURS PHONE: Office: 847-925-6352 Cell: 815-861-7265 E-MAIL: mhealy@harpercollege.edu BLACKBOARD WEBPAGE: http://harper.blackboard.com/ COURSE DESCRIPTION This course will cover the area of economics commonly defined as microeconomics which is concerned with the individual parts of the economy such as individual businesses or industries, individual consumers, and individual products. Our goal is to study whether the economy uses our limited resources to obtain the maximum satisfaction possible for society. We will concentrate on three issues or goals: ALLOCATIVE EFFICIENCY, PRODUCTIVE EFFICIENCY, and EQUITY. Microeconomic Issues: efficiency efficiency equity   COURSE STRUCTURE In recent years nearly 40% of students who have enrolled in an ECO 211 course at Harper College (all sections, all instructors) have not successfully completed the course. This means that 40% either dropped the course or received a grade of D or F. This is unacceptable. We need to do something different to improve the success rate. I plan to do the following: Online video lectures and textbook readings will be assigned for each day that we have class. Students must complete these BEFORE coming to class. [See: Assignments] A 10 question PRE-QUIZ worth 2 points based on the reading and video will be assigned for each day of class. Students must complete these on Blackboard "PREQUIZZES" before class. Class time will be used to study the material. Students will be tested on the material in the video lectures and textbook readings. Review material will be assigned for students to improve their understanding of the material outside of class The basic structure then will be: BEFORE CLASS: Students have their first contact with the material by watching the video lectures, reading the textbook, and doing a short daily prequiz. DURING CLASS: Class time is used for questions, discussions, applications, collaboration, and assessment. AFTER CLASS: Review activities to assure you understand the material [Yellow Pages, Practice Exercises, and Blackboard Required Activities] As you can see you will need to: (1) Come to class prepared. BEFORE EACH DAY OF CLASS you must (a) watch the video lectures, (b) read the textbook, and (c) compete the prequiz. (2) Attend class regularly, and (3) Do out-of-class review activities. Begin with the Yellow Pages and Required Activiries (see below) then do as many of the Practice Exercises as you can or as you need to to learn the material. (4) Experience has taught me that the 40% who do not pass the class do not read the assigned readings in the textbook and/or do not watch the assigned videos. If you usually do not do all of the assigned readings and videos in a class then you should seriously consider dropping this class now. SUPPLEMENTAL INSTRUCTION (SI) A student "Supplemental Instruction (SI) Leader" has been employed to assist you in this course. The SI leader will conduct study sessions during the week. Students are strongly encouraged to attend these SI study sessions and seek the assistance of the SI leader. More information will be distributed in class and posted on our Blackboard site. Supplemental Instruction is a series of weekly study sessions for students taking historically difficult courses. SI is provided for all students who want to improve their understanding of course material and improve their grades. Attendance is voluntary. It is a chance to get together with people in your class to compare notes, discuss important concepts, to develop strategies for studying the subject, and to test yourself before your instructor does, so you will be ready. At each session, you will work with your SI leader, a competent student who has previously taken the course. If you attend the sessions regularly, chances are you will earn a better grade. You will have developed a better understanding of course content as well as more effective ways of studying. This will help you in other classes, too. SI times will be announced in class and posted on our Blackboard site. MATHEMATICS SKILLS This course requires students to have basic skills in mathematics, including the use of graphs. If your math skills are weak you should consider building them before taking this course. If you are required to take MTH 060 or MTH 082 and have not yet done so, do not take this economics course until you have successfully completed it. We will take a math quiz the first day of class. If your math skills are weak, drop this course now. COURSE MATERIALS Brief list: Required Textbook: Microeconomics, by McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2011 (Be sure to get the 19th edition.) Required Online Videos: Tomlinson Videos on Thinkwell Required Yellow Pages, (Free, distributed in class and available on our Blackboard site) Recommended Textbook Study Guide: Study Guide For Microeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012 Details: [The options and prices below are not guaranteed by your instructor. They are provided only to give students information on some of the options available. Students should verify the information before purchasing.] REQUIRED:   Microeconomics, by McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2011 Just the textbook. No textbook access codes. No "Connect". NOTE: be sure to get the 19th edition even though there is a 20th edition available ISBN: 9780077337735   For various online sources (often cheaper) click HERE and scroll down. Textbooks can also be bought or rented at the Harper College Bookstore (L building) or online at: http://www.harperstore.com buy new for about $223 plus sales tax [Students can sell the book back at the end of the semeser] buy used for about $167 plus sales tax [Students can sell the book back at the end of the semeser] rent for about $95 and pay NO sales tax. REQUIRED:   BUYING the Tomlinson Videos on ThinkWell (Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number.) Go to: http://www.thinkwell.com Click on "Register" in the upper right corner In the "Classroom and Distance Learning" area use the pull-down menu to select your state: "Illinois" Use the pull-down menu to select your school: "Harper College" Use the pull-down menu to select your class: Click on Then click on Checkout to purchase the $49, twelve-month subscription. Follow the instructions to enter the required fields. Next time you go to Thinkwell.com click on the "Sign In" button to enter your username and Password. USING the Tomlinson Videos on Thinkwell: VIDEO LOGIN is a link to sign into the Tomlinson video lectures that you must purchase online. Assigned video lectures are listed on the LESSONS page with a numbering system that looks like: 1.1.1, 1.1-2, 2.1.1, etc. Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number. Note that each video can be watched FULL SCREEN. Also, for each video you will have access to a "Thinkwell Excercise" of from six to fifteen multiple choice review questions, as well as Video Transcripts. The exercises are quite useful. Finally, you will want to have the VIDEO NOTES handy when you are watching the videos REQUIRED:   The Yellow Pages are packet of worksheets We will do most of the graphing exercises in class and some of the Quick Quizzes. You will not get points for doing them, but I think you will find them very useful while you prepare for the quizzes and exams. The Yellow Pages, with answers, are available to you for freein class or on our Blackboard site. RECOMMENDED: Online or Paperback:   Study Guide For Microeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012 ISBN 9780077338008   ONLINE STUDY GUIDE The Study Guide is available in an online version for only $15: To purchase: Go to: http://highered.mcgraw-hill.com/sites/0077337735/information_center_view0/ and click on "First Time Users" (see figure below) Click on "I am a Student" Then, in the right column you can buy the online version of the Study Guide by clicking on:   PRINTED STUDY GUIDE For various online sources (often cheaper, some less than $10) click HERE and scroll down. BLACKBOARD All students in ECO 211-001, ECO 211-002, and ECO 211-003 will use the same Blackboard site: "ECO211 001 002 003 - MICROECONOMICS (Fall 2015)" All students must log-in to our Blackboard website, study the syllabus, and take the required 5-point, online, "Syllabus Quiz" (see schedule ). The syllabus quiz may be taken as many times as necessary and only the highest score will be counted. Blackboard Instructions: Always use the the Firefox browser when using Blackboard (download for free at: http://www.mozilla.org/en-US/) Go to http://harper.blackboard.com Follow the instructions to "log-in", If you need help see the Student Service Desk link below the Login button.. You should see "ECO211-001 002 003 - MICROECONOMICS (Fall 2015)" in the "My Courses" box. If you do not, please e-mail the instructor: mhealy@harpercollege.edu  Some Links on Blackboard: BEFORE CLASS LESSONS: This is where you see what you have to do for each day of class. This link has the exact video lectures and reading assignments that are to be completed each day before class. Remember: GET AHEAD! VIDEO NOTES has your instructor's notes that he took when he watched the videos. The video lecture notes lists the important concepts in the video, compares the vocabulary used in the videos with the vocabulary used in the textbook and exams, and adds some material.. VIDEO LOGIN is a link to the Tomlinson video lectures that you must purchase online. Assigned video lectures are listed on the LESSONS page with a numbering system that looks like: 1.1.1, 1.1-2, 2.1.1, etc. (Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number.) PRE-QUIZ. A ten-question quiz must be taken before class each day. Some pre-quizzes can be retaken as many times as is necessary, others can only be retaken twice. AFTER CLASS REQUIRED ACTIVITIES: This is where you access the Required Activity quizzes that must be taken after every chapter. PRACTICE EXERCISES lists the optional review activities that students should be doing to prepare for the exams including Study Guide problems, textbook end-of-chapter questions, and textbook website activities. Answers are provided for all of the practice activities. TEXTBOOK SOLUTIONS has the answers to the textbook end-of-chapter questions practice activities. See the PRACTICE EXERCISES for which textbook problems you should be able to do. E-MAIL Option to Forward Mail from your Harper E-mail Account You should always use your Harper email account when e-mailing your instructor. All e-mails from harper will be sent to your Harper e-mail account. If you do not check your Harper e-mail account often, you can find instructions on how to forward e-mail from that account to one you check frequently by logging in to the Harper Student Portal and clicking on the "My Harper E-Mail" tab. All correspondence in this class will be sent to your Harper E-mail account. When E-mailing your instructor always put "ECO 211" and a message in the subject line. Please use proper spelling, punctuation, and grammar. TEXTBOOK WEBSITE Click on TEXTBOOK WEBSITE, then select a chapter from the "Choose One" drop-down menu. BLACKBOARD DISCUSSION BOARD Use the Blackboard Discussion Board for any question which might be of use to you AND to other students - like asking a question in class. Do not ask such questions via e-mail. If you use the Discussion Board everyone can "hear" the answer. To ask a question or leave a comment, go to the course Blackboard site and click on the "Discussion Board" link. Then click on "STUDENT QUESTIONS", then click on "Create Thread". Since we do not use the Discussion Board a lot, it is strongly suggested that you SUBSCRIBE to the discussion board thread so that you get an e-mail whenever a new message is posted. Just click on the "Discussion Board" link, click on "STUDENT QUESTIONS", then click on the "Subscribe" button.   GRADING The final grade for the class will be awarded according to the following point system. Changes may be made to this grading policy. All changes will be announced in class, posted on the class Blackboard page, and an email will be sent to all students. Activity Number Total Points Approximate % of total points Syllabus quiz 1 @ 5 points = 5 1 % Prequizzes 25 @ 2 points each = 50 15 % Required Activities 16 @ 2 points each = 32 9 % Papers 4 @ 10 points each = 40 12% Comprehensive Unit exams* Unit 1: 40 points = Unit 2: 45 points Unit 3: 50 points 135 39% Comprehensive Final Exam 1 @ 80 points each = 80 23% TOTAL: 342 The syllabus quiz, prequizzes, required activities, and unit exams can be retaken or re-written. See below for details. * Each of the three unit exams will also have an extra credit essay question worth about 3 points Letter grades will be awarded as follows: 100-90%=A, 89-80%=B, 79-70%=C, 69-60%=D, below 60%=F Syllabus Quiz (5 points): The syllabus quiz will be taken online via our class Blackboard site. It can be taken as many times as you wish. Only the highest score will count. Prequizzes (2 points each day of class): BEFORE CLASS a short quiz must be taken that will cover the material in the assigned video lectures and textbook readings. Some prequizzes can be taken multiple times, some can only be taken twice. All prequizzes must be finished by 7:30 the morning of the lesson. After that they will no longer be available. Once you have completed a prequiz and when it is no longer available you can still access your results by going to MY GRADES on Blackboard and clicking on your score. This could be helpful when studying for exams. Required Activities (2 points for each chapter): The "Required Activities" are to be taken on Blackboard after we have competed each chapter. They usually consist of about 20 multiple choice questions. They can be taken as many times as you wish and only the highest score will count. Required activities for each unit should be finished BEFORE the unit exam. In order to be allowed to take a unit exam retake (see below), you must have finished all the unit's required activities BEFORE the unit exam. Papers (Four papers at 10 points each) Papers can be rewritten for full credit with the following restrictions: original papers must be turned in by the due date to earn the chance to be rewritten. Papers turned in late cannot be rewritten. Please note that papers are either graded as an "1, 2, or 3" or an "10". You either get an "F" or an "A", so the chance to rewrite the paper is important. before writing any rewrite after the first, you must see the instructor or the Supplemental Instruction leader for assistance. Your first rewrite must be signed by the instructor or the SI leader before you hand in your second rewrite. No rewrites or papers can be handed in later than the 6th class period from the date the original is handed back (usually 7 classperiods from the paper due date). All paper due dates can be found on our class schedule. For more information see papers Comprehensive Unit Exams (135 points): There will be three in-class unit exams. The unit 1 exam will consist of 40 multiple choice questions and a three point extra credit essay question. The exam for unit 2 will have 45 questions (40 from unit 2 and 5 from unit 1) and a three point extra credit question. The exam for unit 3 will have 50 questions (40 from unit 3 and 10 from units 1 and 2) and a three point extra credit essay question. The exams are NOT open book, NOT open notes, and you can NOT bring in a sheet of notes or formulas. Comprehensive Retake Exams The unit exams will have an OPTIONAL RETAKE EXAM for those who want to study harder and improve their grades. In order to be allowed to take the retake, you must have finished all the unit's Required Activities (see link on Blackboard) BEFORE the unit exam. The number of questions will be the same as the unit exams. They will be comprehensive and they will have a three-point extra gredit short answer question. Comprehensive Final Exam (80 points): A final exam consisting of 80 multiple choice questions will be given during final exam week. The final exam will cover material from all four units. MAKE-UP POLICY Prequizzes: Prequizzes are worth 2 points a day (total 50 points or approximately 15% of the total grade). These must be completed before 7:30 a.m. on the day of class. No make-ups are allowed. "Stuff" happens. GET AHEAD! Some prequizzes can be taken only twice and some can be taken as many times as necessary. Exams: Students will be allowed to take an exam at a time other than the scheduled class period only IF: 1. the instructor is notified BEFORE the scheduled exam time AND 2. the student has a very good reason to miss the exam at the scheduled time. Required Activities: These can be taken as many times as necessary. Only the highest score will count. Papers: If the papers are handed in by their oruginal due dates then they can be re-written as many times as necessary until the final due date. If a paper is handed in late (after the original due date) then no rewrites will be allowed. Remember. papers are either graded an "F" (1-3 points) or an "A" (10 points). Hand your papers in on time! No rewrites can be handed in later than the final due date which is usually the 6th class period from the date the original is handed back. See paper final due dates on our class schedule. BRIEF COURSE OUTLINE IMPORTANT: For exact reading assignments see: LESSONS. We may not read the whole chapter, or a "chapter" may include pages from other chapters, so always check the "LESSONS" page before reading Unit 1: An Introduction To Economics, Efficiency, and the Market System Ch. 1 -- Limits, Alternatives, and Choices and the 5 Es Ch. 2 -- The Market System: The Market and the 5 Es Ch. 3 -- Individual Markets: Demand and Supply and the 5 Es Ch. 5 -- Market Failure and the Role of Government Unit 2: Consumer Decisions and the Costs of Production Ch. 4 -- Elasticity: Deciding How Much Ch. 6 -- Consumer Behavior and Utility Maximization: Consumer Decisions Ch. 7 -- The Costs of Production: Producer Decisions / Costs Unit 3: Product Markets: Decision Making and Efficiency Ch. 8 and 9 -- Pure Competition Ch. 10 and 18 -- Pure Monopoly and Regulation Ch. 11 -- Monopolistic Competition and Oligopoly Unit 4: Resource Markets: Decision Making, Efficiency, and Equity Ch. 12 -- The Demand for Resources Ch. 13 -- Wage Determination Ch. 20 -- Income Inequality, Poverty, and Discrimination Ch. 22 -- Immigration NOTE: This outline may be changed! Changes will be announced in class. ATTENDANCE POLICY Class attendance is strongly recommended, but not required. Former students have indicated that the material covered in class is very helpful at the time of the examinations. LIBRARY RESERVE A few textbooks and study guides have been placed on reserve in the library in case you leave yours at Grandma's house. Some can be checked out from the circulation desk for two days at a time and one is for in-library use only. HOW TO PASS ECONOMICS The following suggestions should help you learn economics: GET AHEAD!. There will be assignments for each day of class. You should try to be at least one to two days (one week) ahead. See the LESSONS and the SCHEDULE. STUDY This is a difficult course! There is an old rule of thumb concerning studying for college courses: on average students should study TWO hours for every ONE hour of class. Since this is a 3 credit-hour course you should plan to study microeconomics 6 hours per week. This is an average, which means some courses require more study time and some less. You may find that economics requires more. BEFORE CLASS EACH DAY: (a) watch the video lectures, (b) read the assigned readings, and (c) take the prequiz. See LESSONS for the daily assignments. READ THE BOOK! Passive reading of the textbook is not very helpful. Read with a pen in your hand and a notebook on which to list, repeat, copy, calculate, etc. ALSO, pay close attention to the TABLES and GRAPHS. THEY ARE IMPORTANT. Many students do not read the textbook and many students fail the class or withdraw. I believe the two are related. WATCH THE VIDEOS! Passive watching of the video lectures is not very helpful either. Most of the Tomlinson videos have an online review quiz (Thinkwell Exercise), transcripts, and lecture notes. Use them. Also, I have watched each of the assigned video lectures and taken my own notes. These VIDEO NOTES are available on our Blackboard site. Once you log in to the Thinkwell class site click on the "Chapter Checklist" link for a list of the videos by their number. Many students do not watch and many students fail the class or withdraw. I believe the two are related. Students have told me that the videos are VERY HELPFUL. If you want a good grade then watch the videos. ATTEND CLASS Come to class each day and come prepared to work. You will get a lot of your studying done during class. Please don't be late. NO CELL PHONES can be used in class. DO PROBLEMS. If you don't do the problems you will do poorly on the quizzes and exams. Many are available on our Blackboard site. Begin with the REQUIRED ACTIVITIES (since you earn points for doing them) and the YELLOW PAGES. Then, do other exercises that can be found in the PRACTICE EXERCISES section of the Blackboard menu. Also, there are review quizzes (THINKWELL EXERCISES) for most of the online video lectures (VIDEO LOGIN). GET HELP See the instructor duing office hours.. This should be done EARLY in the semester. Or, ask questions in class and on the Blackboard Discussion Board. Attend the SI sessions. The Tutoring Center also offers help. You may also want to make use of SUCCESS SERVICES FOR STUDENTS AT HARPER COLLEGE (see below). APPLY the concepts learned in class to the "real world" including issues in the news and aspects of your personal life. LEARN TO STUDY SMARTER: SUCCESS SERVICES FOR STUDENTS AT HARPER COLLEGE Make the most of your college experience this semester by visiting Success Services for Students. Be aware of your academic needs and work to effectively change behaviors to improve academic success. Schedule an appointment for one of the following free sessions: Study Skills, Test Taking Tips, Time Management, Memory, Motivation, Test Anxiety, Reading Strategies, Math Strategies, Note Taking Skills, Concentration, Study Behavior Inventory, Learning Styles, Test Performance Analysis, Accounting Tips, Economics Tips and Preparing for Finals, Online Study Tips, and our new Economics Tips session. For more information or to schedule an appointment stop by F332, call 847.925.6715 or email: success@harpercollege.edu. See: http://www.harpercollege.edu/academicsupport   DAILY SCHEDULE OF LESSONS: The numbers (1a, 1b, 2a, etc.) in this calendar refer to Daily Lessons that can be found on the LESSONS web page. There you will find the reading and video assignments. Click on the date and lesson number to go directly to the assignments for that lesson. August September October November December Mon. Wed. | | 8/24- 1a 8/26 - 1b 8/31 - 1c | Mon. Wed. | 9/1 - 1d - Paper1 - Syllabus Quiz 9/7 Labor Day 9/9 -2a 9/14 - 3a 9/16 - 3b 9/21 - 3c 9/23 - 5a - Paper 2 9/28 - 5b - Last day for paper 1 or paper 1 rewrites 9/30 Review - Paper 3 Mon. Wed. 10/5 Exam 1 10/7 - 4a 10/12 - 4b 10/14 - 6a - Paper 4 10/19- 7a - Last day for paper 2 or paper 2 rewrites 10/21 - 7b 10/26 - 7c - Last day for paper 3 or paper 3 rewrites 10/28 Exam 2 Mon. Wed. 11/2 - 8/9a 11/4 - 8/9b 11/9 -10a 11/11 - 10b - Last day for paper 4 or paper 4 rewrites 11/16 - 11a- 11/18 - 11b 11/23 Exam 3 11/25 Thanksgiving 11/30 - 12a | Mon. Wed. | 12/2 - 13a 12/7- 20a 12/9 - 22a 12/14-Final Exam J-153 Times Study Guide 12/16-Final Exam J-253 Times Study Guide LAST DAY TO DROP THE CLASS: Sunday, 11/22 DUE DATES / EXAM DATES: Click on the dates above for the daily videos, textbook readings, and lesson outcomes. For each day of class there is a prequiz on Blackboard which must be finished before 7:30 AM Papers: Paper 1 - The 5Es - Wed., 9/2 Paper 2 - Supply and Demand - Wed., 9/23 Paper 3 - Why the price of gasoline is too low? - Wed., 9/30 Paper 4 - Elasticity - Wed., 10/14 - See the Schedule for the LAST DAY that papers and rewrites can be turned in. - For more information on the papers see: http://www.harpercollege.edu/mhealy/eco211f/micpapera.htm Exams: Syllabus Quiz, on, or before, Wed., 9/2 Exam 1: Wed., 10/5 Exam 2: Wed., 10/28 Exam 3: Wed., 11/23 Final Exam: ECO 211-001 8:00 class: FINAL: Wed., 12/16 at 9:55-11:40 ECO 211-002 9:30 class: FINAL: Mon., 12/14 at 9:55-11:40 ECO 211-003 11:00 class: FINAL: Wed., 12/16 at 11:50-1:35

Your success in this class is important to me. If you have a disability (learning, physical, psychological or other) and may require some accommodation or modification in procedures, class activity, instruction, requirements, etc. please contact me early in the semester so we can refer you to ADS who will discuss and arrange for reasonable accommodations. The Access and Disability Services department is in the Building I, I-103, 847.925.6266 or TTY (847) 397-7600

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Academic Honesty Policy

Harper College is strongly committed to the promotion of high ethical standards. Such standards can best be accomplished in an environment where honesty and integrity are practiced. For this reason the College strongly condemns academic dishonesty. Academic dishonesty includes cheating, plagiarism or other improper appropriation of another's work as one's own and falsifying records to advance one's academic standing.

Cheating includes but is not limited to copying answers, stealing and/or disseminating tests or answer keys, using someone else's data in preparation of reports or assignments, and assisting others in such practices.

Plagiarism involves the presentation of another person's words, ideas, or work as one's own. It includes but is not limited to copying any material (written or non-written) without proper acknowledgment of its source, and paraphrasing another's work or ideas without proper acknowledgment.

Falsifying records includes but is not limited to falsifying or improperly altering college records and documents, or knowingly supplying false or misleading information to others (e.g., the College, other educational institutions, or prospective employers).

Any form of academic dishonesty as defined by the faculty member or department is a serious offense requiring disciplinary measures. Discipline for academic dishonesty involving a specific course shall be first determined by the instructor of the course and may include failure of the specific assignment, project or test, or failure of the course. The student may appeal the instructor's decision in accordance with the College's Student Academic Complaint Procedures. In cases of academic dishonesty the faculty assigned grade supersedes a student-initiated withdrawal. In cases where disciplinary measures beyond course failure may be deemed appropriate by the instructor, or dishonesty that is not related to a specific course, the student may be disciplined in accordance with the Student Conduct Policy with the appropriate vice president involved in the decision.