ECON 202: Principles of Microeconomics 2022-2023
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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) |
2024-03-04