William Rainey Harper College
ECO 211 ONLINE!
Microeconomics: An Introduction to Economic Efficiency

Syllabus

SPRING 2013

ECO 211-W01 and ECO 211-W65

~/~ Home ~/~ Syllabus ~/~ Schedule ~/~ Assignments ~/~ Video Lecture Notes ~/~ Textbook Website ~/~ Blackboard ~/~

TWO SECTIONS

These web pages will be used by two different class sections:
  • ECO 211-W01 with an optional orientation on Tuesday, 1/15, 5:00-6:00 pm in J-255, and
  • ECO 211-W65 with an optional orientation on Thursday, 2/14, 5:00-6:15 in J-261

GENERAL INFORMATION

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, or "efficiency, efficiency, and equity".

This course requires students to have basic skills in mathematics, including the use of graphs. If your math skills are weak you might consider building them before taking this course.

REQUIRED MATERIALS

Brief list:

  • Textbook: Microeconomics, by McConnell, Brue, and Flynn, 19th edition, McGraw-Hill, 2011
  • Online Videos: Tomlinson Universal LearningPath Videos Instant Access Code, 1st Edition
  • 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

    • ISBNs:
      • Paperback: 9780077337735
      • Ebook: 978-0-07-733773-5

       

    • Textbooks can be bought or rented at the Harper College Bookstore (L building) or online at: http://www.harperstore.com
      • buy new for $186 plus sales tax [Students can sell the book back for up to 50% ($93) of what they paid, (total coat = $186 - $93 = $93)]
      • buy used for $140 plus sales tax [Students can sell the book back for up to 50% ($70) of what they paid, (total cost = $140 - $70= $70)]
      • rent for $84 and pay NO sales tax.

      OR

    • You can purchase the Ebook at http://www.coursesmart.com/
    • Students can also rent the book for about $42 plus $5 shipping from http://www.chegg.com

    REQUIRED:

     

    Study Guide For Microeconomics, McConnell/Brue/Walstad, 19th edition, McGraw-Hill, 2012

    OR

    • The printed version of the Study Guide can be bought at the Harper College Bookstore (or elsewhere) or online at: http://www.harperstore.com
      • ISBN 978-0-077338-00-8
      • Cost about $56 plus tax

    REQUIRED:

     

    Tomlinson Universal LearningPath Videos Instant Access Code, 1st Edition

    • PRICE: $24.49 for 365 days of access
    • TO BUY:
      • Go to: www.cengagebrain.com
      • Search for ISBN: 978-0-324-58136-2
        • you will create an account and purchase access to the videos with a credit card
        • once purchased click on "My Home" to access videos or see below.
    • TO ACCESS THE VIDEOS LATER:
    • Videos are usually between 5 and 10 minutes long and there usually between 5 and 10 per chapter. Also, most of them have (1) a written transcript available, (2) lecture notes, and (3) a ten multiple choice question review quiz.

BLACKBOARD

All students in ECO 211-W01 and ECO 211-W65 will use the same Blackboard site: "ECO211-W01 W65 - MICROECONOMICS (Spring 2013)"

All students must log-in to our Blackboard website, study the syllabus, and take the required 5-point, online, "Syllabus Quiz" . The syllabus quiz may be taken on, or before, Tuesday, 1/29, and it can be taken as many times as necessary. 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",
  • You should see "ECO211-W01 W65 - MICROECONOMICS (Spring 2013)" in the "My Courses" box. If you do not please e-mail the instructor: mhealy@harpercollege.edu 

The CHAPTERS - BEGIN HERE link on our Blackboard site will give you access to EVERYTHING that you should be doing for this class including:

  • OPTIONAL: Meme
  • OPTIONAL: Short Intro Video
  • REQUIRED: Textbook Reading Assignments
  • REQUIRED: Video Lectures
  • REQUIRED: Video Lecture Notes
  • PRACTICE: Practice Exercises
  • POINTS: Required Activities
  • POINTS: Quiz

 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.

ASSIGNMENTS

On the Assignments link you will find the following for each chapter:
  • Chapter Required Assignments
    • Chapter Reading Assignments
    • Chapter Video Lectures
    • Chapter Required Activity
  • Chapter Practice Exercises
    • Study Guide
    • Worked Problems
    • Web Quizzes
    • End-of-Chapter Questions and Problems

ONLINE VIDEO LECTURES

The asiigned video lectures are found ont he Assignments link. Most video lectures are from the Cengage Tomlinson Universal LearningPath Videos. You must purcahse access to these videos. These are listed on the Assignments page by their numbers (eg. 2.1-1, 2.1-2, 2.2-1, etc.). Other videos are free online. Videos are usually between 5 and 10 minutes long and there are usually between 5 and 10 per chapter. Most of the the Cengage Tomlinson videos have (1) lecture notes, (2) a written transcript, and (3) a multiple choice review quiz available.

DISCUSSION BOARD

  • Use the Blackboard Discussion Board for any question which might also be of use to other students - like asking a question in class. Do not ask such questions via e-mail. If you use the Discussion Board everyone else can also read the answer.
  • To ask a question or leave a comment, go to the class Blackboard site and click on the "Discussion Board" link. Then click on "STUDENT QUESTIONS".
  • 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 posted on the class Blackboard page and an email will be sent to all students.

ACTIVITY

INFORMATION

POINTS

1 syllabus quiz

5 points, must be taken online at: http://harper.blackboard.com/, on, or before, 1/29

5 points

12 Required Activities

The Required Activities are online (Blackboard) chapter review quizzes of about 20 questions - usually multiple choice. They are worth two points per quiz/chapter. They can be retaken as many times as you wish and only the highest score will be included in the final grade.

24 points

5 online quizzes

10 multiple choice questions, 1/2 point each each

25 points

3 unit exams

40 multiple choice questions each *

120 points

Final Exam

80 multiple choice questions, COMPREHENSIVE

80 points

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TOTAL: 254 POINTS

* 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:
90%=A, 80%=B, 70%=C, 60%=D, below 60%=F

EXAMS

All exams will be taken on the Harper campus in the Assessment Center, Student and Administration Center, room A-148, phone 847-925-6541 [see: Assessment Center hours]. To take the exams you simply go to the testing center with a picture ID and ask for the appropriate exam for ECO 211.

Exams should be taken on, or before, the day listed on the "SCHEDULE " link on Blackboard. Exams 1, 2, and 3 consist of 40 multiple choice questions (each worth one point) and an extra credit essay ( worth three points). After you SUBMIT your answers to the forty multiple choice questions the extra credit essay link will appear under the Blackboard "EXAMS" link. If you ask on the Discussion Board, I will give you more information on the extra credit questions. The comprehensive final exam is 80 multiple choice questions.

EXAM MAKE-UP POLICY

Students will be allowed to take an exam on a day later than that on the schedule only IF:
1. the instructor is notified BEFORE the week the exam is scheduled AND
2. the student has a very good reason.

QUIZZES

The five quizzes are online at our Blackboard site and they will be taken at home via the internet. They consist of 10 multiple choice questions each and will be worth 5 points per quiz. They can be attempted ONLY ONCE (i.e. you must finish the 10 questions the first time you access them), but there is no time limit.
  • Quiz 1 - the 5 Es
  • Quiz 2 - Supply and Demand (chapter 3)
  • Quiz 3 - Elasticity (chapter 4)
  • Quiz 4 - Costs of Production (chapter 7)
  • Quiz 5 - Monopoly (chapter 10 and 18)

REQUIRED ACTIVITIES

For each chapter you will need to complete the online "Required Activity". These can be found on Blackboard under the "REQUIRED ACTIVITIES" link. The required activities are worth two points each. You can do them as many times as you wish and only the highest score will be recorded. Most Required Activities are twenty multiple choice questions.

BRIEF COURSE OUTLINE

IMPORTANT: For exact reading assignments see: Assignments. We may not read the whole chapter, so always check the "Assignments" 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. 13 -- The Demand for Resources
  • Ch. 14 -- Wage Determination
  • Ch. 20 -- Income Inequality, Poverty, and Discrimination
  • Ch. 22 -- Immigration

NOTE: This outline may be changed! Any changes will be announced via our Blackboard site..

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

This is a difficult course! There is an old rule of thumb concerning studying for college courses: on average during a regular 16 week semester, students should attend class 3 hours a week and they should study outside of class TWO hours for every ONE hour of class. Since this is a three-hour online class this means that you should plan for NINE hours a week (three hours of "class" PLUS 2 x 3 hours of studying). The 12-week section -W65 may need to study more each week. This is an average, which means some courses require more study time and some less. You may find that economics requires MORE.

The following suggestions should help you learn economics:

  1. 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.
  2. Watch the online video lectures. This is like attending class for a face-to-face course. Also, do the review quizzes that are available for most video lectures.
  3. Ask questions on the Blackboard Discussion Board
  4. DO PROBLEMS. If you don't do the assigned problems you will do poorly on the quizzes and exams.
    Multiple choice and other problems can be found at:
    • The ASSIGNMENTS link on Blackboard with problems from the:
      • Study Guide
      • Textbook
      • Textbook website
    • "VIDEO LECTURES LOGIN" link on Blackboard with review quizzes for most of the online video lectures
    • "YELLOW PAGES" link on Blackboard
    • "OTHER REVIEW" link on Blackboard

     

  5. See the instructor for assistance. This should be done EARLY in the semester.
  6. Free tutoring is available at the Harper College Tutoring Center
  7. Keep up. It is easy to get behind. To get a good grade you will have to devote a significant amount of out of class time to studying economics. If you get behind there simply will not be enough time.
  8. Try to APPLY the concepts learned in class to the "real world" including issues in the news and aspects of your personal life.

 

SCHEDULE

ECO 211-W01

 

ECO 211-W65

 


 

Accessibility Statement / Access and Disability Services

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 D, D119, 847.925.6266 or TTY (847) 397-7600

Equal Opportunity Statement

William Rainey Harper College provides equal opportunity in education and does not discriminate on the basis of race, color, religion, national origin, age, marital status, sexual orientation, or disability.

Student E-mail Notifications

All notifications related to student registration or other business activities are sent to students via a G-mail account that is assigned to students upon registration. Students access the G-mail account via an icon in the student portal (where you registered for classes). Please check this e-mail frequently. To forward e-mails from this account to a personal e-mail account please follow the instructions for forwarding Harper e-mail available at http://harper.blackboard.com/  

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.