ECONOMICS 2220 -- PRINCIPLES OF ECONOMICS II (MICRO)
SPRING 2008 INFORMATION SHEET -- DR. HIPPLE
INSTRUCTOR:
Dr.
F. Steb Hipple, Professor of Economics
Office
-- Room 304, Wilson Hall
Phone/Voicemail
-- 423.439.5304
Fax
-- 423.439.8583
Email
-- hipples@etsu.edu
Website
-- http://faculty.etsu.edu/hipples
Office Hours – after class meetings and by appointment.
TEXTBOOK:
Robin Bade & Michael Parkin, Foundations
of Microeconomics, 3rd ed
Pearson Addison Wesley, 2007,
with “MyEconLab in CourseCompass”
(“a la carte” or loose leaf
edition)
MEETING TIMES:
ECON
2220-ITV -- Thursday Evening, 7:00pm-9:50pm
..Section 521 --
..Section 522 -- Warf-Pickel
Hall 517
..Section 531 --
..Section 541 --
..Section 561 -- Greeneville Center 257
COURSE DESCRIPTION
AND OBJECTIVES: This
is an introductory survey course in economics, and is part of the Business Core
Requirements of the
LEARNING OUTCOMES: At the end of this
course, the student will be able to (a) understand the basic principles and
operations of a market economy, (b) determine the appropriate circumstances for
government intervention in markets, (c) comprehend the links between production
theory and cost theory, (d) know the characteristics of different market
structures, (e) understand the critical relationships of market structures to
economic performance, and (f) analyze and discuss labor issues such as
discrimination and income inequality.
COURSE
ORGANIZATION:
PART 1
INTRODUCTION
Chapter 1. Getting Started
Appendix. Making and Using Graphs
Handout. The Economic Problem and
Economic Systems
Chapter 3. The Economic Problem
Quiz #1 (Thursday, January 31)
Handout. Variables and Relationships
Chapter 4. Demand and Supply
Quiz #2 (Thursday, February 14)
PART 2 A
CLOSER LOOK AT MARKETS
Chapter 5. Elasticities
of Demand and Supply
Chapter 6. Efficiency and Fairness of
Markets
PART 3 HOW GOVERNMENTS INFLUENCE THE ECONOMY
Chapter 7. Government Influences on
Markets
Quiz #3 (Thursday, February 28)
Chapter 8. Taxes
Chapter 9. Externalities
Chapter 10. Public Goods and Common
Resources
Quiz #4 (Thursday, March 20)
PART 4 A CLOSER LOOK AT DECISION MAKERS
Chapter 11. Consumer Choice and Demand
Chapter 12. Production and Cost
Handout. Explicit and
Implicit Costs.
PART 5 PRICES, PROFITS, AND INDUSTRY
PERFORMANCE
Handout. Market Structures
Quiz #5 (Thursday, April 3)
Chapter 13. Perfect Competition
Chapter 14. Monopoly
Chapter 15. Monopolistic Competition
Chapter 16. Oligopoly
Quiz #6 (Thursday, April 17)
Chapter 17. Regulation and Antitrust Law
PART 6 HOW INCOMES ARE DETERMINED
Chapter 18. Demand and Supply in Factor
Markets
Chapter 19. Inequality and Poverty
Quiz #7 (see below)
Comprehensive Make-Up Quiz (see below)
CLASS MEETINGS: For
ECON 2220-ITV, classes will begin Thursday, January 17, and end Thursday, April
24. There are a total of 14 class meetings. We will not meet during Spring
Break (Monday, March 3, to Friday, March 7). Classes will meet during exam week
for the Quiz #7 and the Comprehensive Make-Up Quiz.
ECON
2220-ITV will meet at 8:10pm on Thursday, May 1.
PREPARATION:
Assigned chapters should be carefully read before class meetings. Class
lectures will focus on the theoretical and quantitative aspects of the textbook
material.
MyEconLab: This course requires you to
use the MyEconLab (MEL) from Pearson Education.
Pearson is the parent firm of Addison Wesley, the textbook publisher. Our
version of MEL is included in CourseCompass which is
a Blackboard based system. We will have a class website at
www.coursecompass.com.
HOMEWORK
ASSIGNMENTS: The homework assignments are a very critical element in this
course. There will be a Homework
Assignment in MEL for each Bade & Parkin chapter
that we cover. You can work on the homework assignment until your score is
100%, and the exercises selected for your homework will be your guide to
mastery of the chapter material. Most quiz questions will be based on the
homework assignments. You should complete each homework assignment before the
quiz, and not be satisfied with any score less than 100%. As an incentive, for
each set of completed homework assignments with a score of 100%, five bonus
points will be added to the quiz score. In addition, your semester average on
homework assignments will count as the equivalent of one quiz towards your
semester grade, so you should do all
of the homework assignments. (The MEL also includes Study Plan which is practice exercises linked to “checkpoints” within
each chapter, and two Sample Tests
for each chapter. You may use these for self study, but they do not contribute
to your semester grade.)
EXAMINATIONS: Seven
quizzes will be given during the semester. You may drop your lowest quiz grade
and/or miss one quiz. The quiz format will be multiple choice questions based
on lecture, handouts, assigned chapters, MEL homework, and class discussions. A
comprehensive make-up quiz will be given at the end of the semester. This is a
bonus quiz and can be used to increase your semester quiz average.
GRADING:
Your semester grade will be based on your six best quiz scores and your
homework average. The grade scale is: "A" = 90 to 100; "B" = 80
to 89; “C” =70 to 79; and etc. If the class average is below 80, then the letter
ranges will be adjusted accordingly. For example, if the class average is 75,
then the letter ranges are: “A” = 85 and above; “B” = 75 to 84, “C” = 65 to 74;
and etc. Plus and minus grades will be assigned at the end of the semester and
show strong or weak performance within the letter range.
WEBSITE: The class
website is at HTTP://faculty.etsu.edu/hipples. The website will include the
syllabus, handouts, quiz answers and grade distributions, and announcements.
Note this is not our CourseCompass class website.
ATTENDANCE: Class
attendance is expected, and can actually help you get better grades!
HELP: I will have
regular office hours to meet with you, or by appointment. Please feel free to
ask questions. Contact me if you need help on your reading assignments or
problems. Have a good semester.