COURSE SYLLABUS
FACULTY CONTACT INFORMATION
DAY
OFFICE HOURS
(Central Time)
Instructor
Lisa Frazier, MAOM
Monday
6:00pm – 9:00pm
Phone Number
504-733-0074
Wednesday
Herzing e-mail
[email protected]
6:00pm – 9:00pm
00:00 am – 00:00
am
00:00 am – 00:00
am
Instructional Delivery Method
Class Location
Campus
New Orleans Campus
Semester
Spring Term B March 6, 2017 - April 26, 2017
Course Code
EC 111 2B
Course Title:
Principles of Microeconomics
Course
Description
This course provides an overview of economics and the economy from a microeconomics
perspective. Topics include economic analysis, factors in the market system, market structure and
pricing strategies, the availability of resource markets, supply and demand, and the impact of public
policy on markets..
3.0 Semester Credit Hours
Credit Hours
Contact
Hours
Study Time
Lecture Hours
Laboratory Hours
Internship/Externship/
Clinical/Practicum Hours
Total Contact Hours
45
0
0
45
Lecture, Lab, or Internship/Externship/Clinical/Practicum hours as indicated on the syllabus represent
scheduled hours spent engaged in learning activities. Students should expect to spend a minimum of two
additional hours engaged in learning activities outside of class for each one hour identified as lecture; students
should expect to spend one hour engaged in learning activities outside of class for each two hours of
scheduled laboratory time. Learning activities outside of class support the achievement of one or more course
learning objectives and may be spent reading textbook material, completing homework assignments,
preparing for lab assignments, engaged in drill and practice exercises, working on case studies, completing
workbook activities, or conducting library research. Additional study time outside of scheduled
Internship/Externship/Clinical hours is typically not expected.
The total amount of time that students spend engaged in learning activities is consistent, regardless of
instructional delivery method. For example, students enrolled a three credit lecture course should expect to
spend 45 hours in scheduled class time and an additional 90 hours engaged in learning activities outside of
the classroom. Online or blended students should expect to spend the equivalent total of 135 hours engaged
in learning activities if they are enrolled in the same course.
Determination of the amount of time that a student should expect to spend engaged in learning activities is
based upon faculty judgment regarding the average student. The amount of time spent engaged in learning
1 | EC 111
Last Date of Revision: 02/27/2017
activities is expected to vary among students, based upon previous knowledge of the content, learning style,
learning ability, difficulty of the course, and student motivation.
The timeframes provided below are estimates based upon the average student.
Guide to
Student
Engagement
in Learning
Activities
Course
Length
Lower level reading (10-20 pages)
Higher level reading (10-20 pages)
Construction of 1 page paper (250 words)
Development of 10 minute speech
Watch video lecture
Read, research and respond to discussion board
posting
Preparation for unit examination
1 hour
2 hours
2 hours
2 hours
1 hour
1 hour
2 hours
8 Weeks
None
Prerequisites
None
Corequisites
Course
Learning
Objectives
Upon successful completion of this course, students should be able to:
1.
Explain how unlimited desires and limited resources combine to create the
need for economic analysis
2.
Outline the flow of goods and resources to and from economic decision
makers.
3.
Explain the relationship between consumer demand and producer supply
4.
Describe the four basic types of market structures
5.
Explain the difference between positive and normative economics and how this
affects ethical decision making
Program Learning Outcome
Program
Learning
Outcomes
Supported
Course Learning
Objective Supported
1.Define operational, ethical, legal, and human resource issues
associated with business management
1, 2, 3, 4
2. Analyze financial information using standard tools to support
and evaluate managerial decision-making.
5
3. Develop a marketing plan
4. Formulate strategic business solutions
Required
Textbook(s)
McEachern, W.A. (2014) Econ for microeconomics (with Premium WebSite Printed Access
Card and Review Cards) (4th ed.). Mason, OH: South Western.
ISNB-10: 1285423542 or ISBN-978-1285423548
Optional
Textbook(s)
Additional
Learning
Material(s)
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Last Date of Revision: 02/27/2017
TOPICS AND LEARNING ACTIVITIES
Unit March 06March 12
1
Unit
2
Unit
3
Unit
4
March 13March 19
Topic(s): Introduction to Microeconomics
Reading: Chapters 1 and 2
Discussions: The Value of Choices
Week 1 Test
Assessment(s): CLO #5
Topic(s): Supply and Demand
Reading: Chapter 4
Discussions: Market Equilibrium
Week 2 Test
Assignment(s):
Assessment(s): CLO # 3
March 20March 26
Topic(s): Elasticity and Consumer Choice
Reading: Chapters 5,6 and 16
Discussions: Diminishing Marginal Utility
Week 3 Test
Assignment(s): WK3A1
March 27April 02
Topic(s): Costs and Profits
Reading: Chapter 7
Discussions: Implicit Costs
Assignment(s): Mid Term Exam
Assessment(s): CLO #1
Unit
5
Unit
6
April 03April 09
April 10April 16
Unit
7
April 17April 23
Unit
8
April 24April 26
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Course
Learning
Objective
Supported
5
DUE
DATE
30
8
03-09
03-09
80
03-12
30
8
03-15
03-15
80
03-19
30
8
80
03-22
03-22
03-26
30
100
50
03-29
04-02
04-02
30
04-05
8
80
04-05
04-09
30
8
80
04-12
04-12
04-16
30
150
45
04-19
04-23
04-23
5
04-26
3
1
Topic(s): Comparative and Absolute Advantage
Reading: Chapter 2 (pages 21-27)
Discussions: Resources (who owns them and where
they can be traded)
Week 5 Test
Assignment(s): Freakonomics Summary
Topic(s): Government Intervention and Anti-Trust
Reading: Chapters 13, 15 and 17
Discussions: Anti Trust Laws
Week 6 Test
Assessment(s): CLO #2
2
Topic(s): Market Structure Application
Reading: Chapter 8, 9 and 10
Discussions: Four major Market Structures
Assignment(s): Final Exam
Assessment(s): CLO #4
4
Topic(s): Overview of Course Learning Objectives
Discussions: 150 word essay
Assignment(s):
Points
Possible
Last Date of Revision: 02/27/2017
Grade Summary
Discussions
Points
Assignments
495
Quizzes
40
Mid-term
100
Final Exam
150
Totals
1000
210
Undergraduate Grade Scale
Letter Grade Percentage
A
B
C
D
F
90.00 - 100.00
80.00 - 89.99
70.00 - 79.99
60.00 - 69.99
59.99 or below
POLICIES
University policies, such as attendance philosophy, notification of absences, extenuating
circumstances, accommodation requests, academic dishonesty, grading and grading symbols,
and student conduct are included in the University catalog. Students should reference the catalog
for the complete listing of policies.
Note: In some cases, program and/or course specific information may be appended to the
syllabus. In these instances, students must consider the syllabus to be inclusive of any
appended information, and as such, students must adhere to all course requirements as
described in the document in its entirety.
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Last Date of Revision: 02/27/2017