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The Hasan School of Business

Syllabus for ECON 202: Principles of Microeconomics

Correspondence

2022-2023

Class Meeting Structure

Independent Study courses are self-paced, correspondence learning.

●    Correspondence courses allow students to study anytime and anywhere independently.

●    Interaction is only between the instructor and the student, is typically limited, and is primarily initiated by the student.

●    Some Independent Study correspondence courses require an approved proctor for exams.

●    Independent Study correspondence learning is not the same as online learning.

●    To ensure timely completion of your course, please contact your instructor when

assignments and quizzes/exams are ready for grading and upon completion of all course requirements.

Submissions

If you haven’t already done so elsewhere in the syllabus, use this space to specify your preference  for how students submit assignments. Here are a couple of possible examples, but you can put it in your own words:

.    Blackboard students: Submit your assignments in the Blackboard dropboxes and contact your instructor to let them know it is ready for grading.

.    Print-based students: Mail assignments to Extended Studies. Then Extended Studies will

mail them to the instructor who will grade them and get them back to Extended Studies in a timely manner.

Course Description

ECON 202: Principles of Microeconomics illustrates how firms make price, wage and profit

maximizing decisions. Other topics include market performance, market failure, environmental issues and government intervention.

Prerequisite: None.

Corequisite: None.

(Gen Ed: SS, GT-SS1)

Credit Hours and Expected Student Effort

The course minimum is 2,250 minutes per credit hour.

As an Independent Study correspondence course, the class is largely independent, and you are asked to take responsibility for your own learning. Your instructor is available for assistance, clarification, and feedback on material as needed, but the course is designed for you to independently read any required textbook and materials and progress through the course at a pace that is convenient and efficient for your schedule.

Important Dates

Students may drop courses before 15% of the course duration has passed from your registration date, without a record of the dropped course appearing on the student’s permanent record.

When a student withdraws from a course before 60% of the course duration has passed, a grade of “W” (withdrawal) will be recorded on the academic record. After 60% of the course duration has   passed, a student may not withdraw. Tuition and fees will not be adjusted for course withdrawals   during this withdrawal period.

Note: Drop/withdrawal dates for each course may vary. Please reach out to Independent Study

Program staff for your specific dates. Those dates can also be found in your registration confirmation.

Class Schedule

Correspondence courses require self-motivation. We recommend that you create a schedule for yourself to keep up with the work to ensure your successful completion of the course.

Program Student Learning Outcomes (SLOs)

Hasan School of Business

Goal 1. Communication

1.1. Prepare a written document and/or oral presentation that are focused, well-organized, as well as mechanically and professionally sound.

Goal 2. Problem Solving

2.1. Identify problem(s) in unstructured settings and apply appropriate quantitative techniques to solve the problem(s).

2.2. Identify problem(s) in unstructured settings and analyze appropriate information to develop viable recommendations.

Goal 3. Global Awareness

3.1. Demonstrate understanding of global issues and perspectives that may impact business solutions.

Goal 4. Ethical Awareness

4.1. Demonstrate awareness of ethical issues and possible impacts on business decision making.

Course Objectives or Student Learning Outcomes/Instructional Methods

While microeconomics is concerned with scarcity, we also explore many topics of interest to business students and practitioners. The course objectives are to understand the following:

1.   Basic economic concepts including scarcity, economic systems, production and efficiency, specialization and trade, and circular flow

2.   Supply, demand, and consumer choice

3.   Economic costs of production and the concept of perfect competition

4.   Imperfect competition by analyzing monopolies, regulation, monopolistic competition, and oligopolies

5.   Demand and supply in the resource market

6.   The role of government in economics and market failures

General Education SLOs

.    SLO 1: Written Communication

Develop and express ideas in writing, learning to work in many genres and styles, and with many different writing technologies, and mixing texts, data, and images.

.    SLO 2: Quantitative Reasoning

Apply numeric, symbolic and geometric skills to formulate and solve quantitative problems.

.    SLO 3: Inquiry & Analysis

Explore issues, objects or works through the collection and analysis of evidence that results   in informed conclusions or judgments and break complex topics or issues into parts to gain a better understanding of them.

.    SLO 4: Oral Communication

Prepare purposeful presentations designed to increase knowledge, to foster understanding, or to promote change in the listeners' attitudes, values, beliefs, or behaviors. (Does not apply to  Independent Study students.)

.    SLO 5: Critical Thinking

Comprehensive exploration of issues, ideas, artifacts, and events before accepting or formulating an opinion or conclusion.

.    SLO 6: Creative Thinking

Combine or synthesize existing ideas, images, or expertise in original ways and the experience of thinking, reacting, and working in an imaginative way characterized by a high degree of innovation, divergent thinking, and risk taking.

.    SLO 7: Information Literacy

Know when there is a need for information, to be able to identify, locate, evaluate, and effectively and responsibly use and share that information for the problem at hand.

.    SLO 8: Technical Literacy

Use, manage, understand, and assess technology. (Does not apply to print-based students.)

.    SLO 9: Problem Solving

Design, evaluate and implement a strategy to answer an open-ended question or achieve a desired goal.

.    SLO 10: Teamwork

Belong to teams where effort, manner of interacting with others, and the quantity and quality of contributions are valued.

GT Pathways Designation and SLOs

This course satisfies the Guaranteed Transfer (GT) Pathways Requirements for SS1 in Social

and Behavioral Sciences. The Colorado Commission on Higher Education has approved ECON 202 for inclusion in the Guaranteed Transfer (GT) Pathways program in the GT-SS1 category.   For transferring students, successful completion with a minimum C- grade guarantees transfer   and application of credit in this GT Pathways category. For more information on the GT

Pathways program, go to

https://highered.colorado.gov/guaranteed-transfer-gt-pathways-general-education-curriculum-0

This designation verifies the following Content Criteria and Competencies are met in this course.

GT-SS1 Social & Behavioral Sciences Course – Economic or Political Systems Content Criteria:

This GT Pathways Social & Behavioral Science GT-SS1 course is designed to provide content knowledge in Economic or Political Systems.

Students should be able to:

a. Demonstrate knowledge of economic or political systems.

b. Use the social sciences to analyze and interpret issues.

c. Explain diverse perspectives and groups.

GT-SS1 Competencies and Student Learning Outcomes (SLOs):

Critical Thinking Competency (SLOs 1, 2, & 5)

Students should be able to:

1. Explain an Issue: Use information to describe a problem or issue and/or articulate a question related to the topic.

2. Utilize Context:

a. Evaluate the relevance of context when presenting a position.

b. Identify assumptions.

c. Analyze one’s own and others’ assumptions.

5. Understand Implications and Make Conclusions:

a. Establish a conclusion that is tied to the range of information presented.

b. Reflect on implications and consequences of stated conclusion.

Civic Engagement Competency (SLO2 Civic Knowledge).

Students should be able to:

1.   Connect Disciplinary Knowledge to Civic Engagement through one’s own participation in civic life, politics, and/or government.

GT-SS1 Additional Criteria: This course in the Social & Behavioral Sciences includes significant high impact educational practices such as writing, collaborative learning, immersive learning,

community/civic engagement, or research.

Required Textbook

Krugman, P. R., & Wells, R. (2022). Microeconomics in modules. 5th Edition. Worth Publishers.

ISBN: 9781319388195

Course Requirements

This section provides an overview of the course requirements. A more detailed breakdown of the Course Agenda is at the end of the syllabus. It includes topics and expected student efforts.

Please reach out to Independent Study Program staff for your specific dates and course completion deadline.

Assignments

You will be required to complete 12 section assessments.

Answer every question completely. Bullet-pointed answers will not be accepted. Use complete sentences.

If you are asked to create a graph or visual, do so by hand and upload an image of your graph/visual.

Instructions for Assignments

.    As you read through each module, I recommend answering the check your understanding questions. You can assess your progress by checking your answers in the back of the textbook.

.    Answer all questions completely on section assessments and exams. Make sure to answer all parts of the questions.

.    Answer in complete sentences. Do not use bullet points.

.    If your response requires a graph/table/visual: please complete this portion by hand. Upload an image of your work.

.    All work must be legible.

Exams

You will be required to complete one midterm exam and one final exam. These are not proctored.

These exams will consist of free-response questions and short-answer questions. Bullet- pointed answers will not be accepted.

Since many questions require that you create a graph or visual by hand,  complete the exams by neatly handwriting all of your answers..

Make sure that all graphs are correctly and completely labeled. You will lose points for failing to completely label your graphs.

Blackboard students: To submit your completed exams, scan your pages (or take very clear screenshots or photos). If possible, combine all your pages into one document or PDF. If not, you may upload multiple pages to the dropbox in Blackboard.

Grading

A = 90- 100

B = 80-89

C = 70-79

D = 60-69

F = 0-59

Assessments based on Sections:

12 assessments

513 points

1 midterm exam

This does not require a proctor.

75 points

1 final exam

This does not require a proctor.

100 points

Total

716 points

Use of Technology

(This section does not apply to print-based students.)

Any course materials you need (beyond textbooks) are provided in Blackboard.

Information for Print-Based Students

All the materials you need will be provided.

Handwritten materials that you submit must be legible.

Attendance/Participation

Due to the nature of correspondence courses, attendance is not required. Participation will be gauged based on investment and effort exhibited in course requirements.

Accommodations

https://www.csupueblo.edu/disability-resource-and-support-center/faculty-staff-resources.html

If you have a documented disability that may impact your work in this class and for which you may require accommodations, please see the Disability Resource & Support Center (DRSC) as soon as    possible to arrange services. The DRSC is located in LARC 187 and can be reached by phone (719- 549-2648) and email ([email protected]).

Print-based students can send written correspondence to:

CSU Pueblo

ATTN: Disability Resource & Support Center

2200 Bonforte Blvd.

Pueblo, CO 81001

Starfish Performance Notifications

Starfish notifications inform you and your academic success team on your performance in this class. Reading these emails and/or texts and taking the suggested actions is highly encouraged for your

success. Please access Starfish through PAWS to view your kudos or flags. You may also request   assistance from many services through Starfish. Starfish is not applicable to non-degree seeking or self-pay guest students

Although this is a self-paced course, students who are not progressing in their course(s)  at 4, 8 and 12 weeks will be flagged for follow-up from their Academic Success Coach to encourage course

completion.

Semester Syllabus Reference Sheet by Term

(For print-based students without access to the internet, Extended Studies can include the PDFs discussed below as a printout.)

The Syllabus Reference Sheet provides information on topics such as health and safety, academic and wellness support services, course concerns, academic misconduct, institutional equity, etc.

https://www.csupueblo.edu/extended-studies/independent-study/helpful-links.html

Course Agenda

Sections

Activities and Assignments

Complete Sections 1 through 3 by the time you are one-fourth of the way through the time you are allowed to complete the course.

Section 1: Basic

Economic Concepts

Module 1 – First Principles

Module 2 – Models and the Production Possibilities Curve

Module 3 – Comparative Advantage and Trade

Module 4 – The Circular-Flow Diagram

Section Assessment (50 Points)

Section 2: Demand,

Supply, and Equilibrium

Module 5 – Demand

Module 6 – Supply and Equilibrium

Module 7 – Changes in Equilibrium

Section Assessment (58 points)

Section 3: Market

Efficiency and Price

Controls

Module 8 – Consumer and Producer Surplus

Module 9 – Efficiency and Markets

Module 10 – Price Controls (Ceilings and Floors)

Section Assessment (40 points)

Complete Sections 4 through 6 by the time you are half of the way through the time you are allowed to complete the course.

Midterm

75 Points

Section 4: Elasticity and Law of Demand

Module 11 – Defining and Measuring Elasticity

Module 12 – Interpreting the Price Elasticity of Demand

Module 13 – Other Elasticities

Module 14 – The Benefits and Costs of Taxation

Section Assessment (56 Points)

Section 5: International Trade

Module 15 – Gains from Trade

Module 16 – Supply, Demand, and International Trade

Section Assessment (20 Points)

Section 6: Economics and Decision Making

Module 17 – Making Decisions

Module 18 – Behavioral Economics

Module 19 – Maximizing Utility

Section Assessment (80 Points)


Complete Modules 7 through 9 by the time you are three-quarters of the way through the time you are allowed to complete the course.

Section 7: Production and Costs

Module 20 – The Production Function

Module 21 – Firm Costs

Module 22 – Long-Run Costs and Economies of Scale

Section Assessment (47 Points)

Section 8: Market

Structure and Perfect

Competition

Module 23 – Introduction to Market Structure

Module 24 – Perfect Competition

Module 25 – Graphing Perfect Competition

Module 26 – Long-Run Outcomes in Perfect Competition Section Assessment (50 Points)

Section 9: Monopoly

Module 27 – Monopoly in Practice

Module 28 – Monopoly, Government Policy, and Social Welfare

Module 29 – Price Discrimination

Section Assessment (40 Points)

Section 10: Oligopoly and Monopolistic

Competition

Module 30 - Oligopoly

Module 31 – Game Theory

Module 32 – Monopolistic Competition

Module 33 – Product Differentiation and Advertising

Section Assessment (35 Points)

Section 11: Market

Failure and the Role of Government

Module 34 - Externalities

Module 35 – Pollution, Government Policy, and the Great Energy Transition.

Module 36 – Public Goods and Common Resources

Section Assessment (35 Points)

Section 12: Factor

Markets and the

Distribution of Income

Module 37 – Factor Markets

Module 38 – Marginal Productivity Theory and the Economy’s Distribution of Income

Module 39 – The Market for Labor

Module 40 – Economies of the Welfare State

Section Assessment (30 Points)

Final

100 Points