Canyon College: Micro Economics Course Online

online Micro Economics course at Canyon College

COURSE SYLLABUS: MICRO ECONOMICS

Course Title:
Department:
Instructor:

BU400 - Micro Economics
Business
John E. Anderson, M.S., B.S. E-Mail - Vita

Textbooks: Online Bookstore
Text:
Microeconomics, Principles, Problems and Policies, McConnell, Campbell R. and Brue, Stanley L. 15th Edition, Irwin McGraw Hill, 1999 - ISBN #: 0072340371

Study Guide: ISBN#: 0072898380 (Recommended. It is designed to help you read and understand the text)

Course Mission:
Introduce beginning economics students to principles essential to understanding the basic economizing problem, specific economic issues, and the policy alternatives available for dealing with them.

Course Objectives: Upon completion of this course the student will be able to:

Comprehend the six core principles of economics:
a. Economics and the economy
b. Demand, Supply and Elasticity (Product Markets)
c. Wages, Rents, Profit and Interest (Resource Markets)
d. Microeconomics of Governments
e. Microeconomics and Policies (antitrust, health care, labor and agriculture)
f. International economics (exchange rates, deficits and transition economies)
Using the power of economics be able to apply and use the tools to analyze a wide variety of issues and problems.
Develop framework for students to conduct economic experiments and to engage in role-playing as consumers, producers, citizens, and policy makers.
Comprehend and Distinguish between Pure and Monopolistic competition.

Policies and Procedures:
This is a 8 week course.

Weekly classes run from Sunday to Sunday and students must complete all assigned readings and assignments for turn in the following Sunday. Example: Week #1 Assignments are due the beginning of Week #2 (Sunday)
Students will be required to email assignments listed in the syllabus in a word document or email to the instructor. YOU MUST HAVE YOUR NAME ON YOUR PAPER. PAPER'S WITHOUT NAMES AUTOMATICALLY GET A ZERO!
Assignments more than 2 days overdue will not be accepted and graded as a zero.
There will be two exams Mid Term Week #4 and Final Week #8 (multiple choice). The instructor will provide the class with Exam Preparation Review for each exam.
INTEGRITY: The college code of academic integrity will be rigorously enforced. Cheating of any type, including submitting another's work as your own will result in immediate with-drawl from the course.

Assessment / Evaluation:

Student participation will be evaluated using one or a combination of the following assessment techniques:

Student will demonstrate a comprehension level of basic economic vocabulary by completing assignments.
Exams: Will be taken electronically via the Canyon College Electronic Test Board. You must provide me with your student # and your password so I can give you access to the exam.

Evaluation:

Mid Term Exam
Final Exam
Study Questions (Homework) 8.57pts per/week

20 points
20 points
60 points

Web Links:

Note: On the inside flap of the front and back covers of the textbook are multiple Economic Web Sites. I've highlighted a few that will assist you throughout the term. However, you are free to use any of the sites.

Income, and Money Market Data: www.pctrader.com
Dr Ed Yardeni's Economic Network: www.yardeni.com
Economic Growth Resources: www.nuff.ox.ac.uk/Economics/Growth/

Course Outline / Schedule:

NOTE: Study questions must be e-mailed to me as a Microsoft Word Document attachment, or as the contents of an Email. ENSURE YOUR NAME IS ON IT!!

Week #1
Read:
Chapter 1: The Nature and Method of Economics and Appendix
Chapter 2: The Economizing Problem
Chapter 3: Understanding Individual Markets: Demand and Supply
Chapter 4: Pure Capitalism and the Market System

Assignments:
Chapter 1: Study questions: 7, 8
Chapter 2: Study questions: 1, 8
Chapter 3: Study questions: 2,5
Chapter 4: Study questions: 2, 10

Week #2
Read:
Chapter 5: The Mixed Economy: Private and Public Sectors
Chapter 6: The United States in the Global Economy
Chapter 7: Demand and Supply Elasticities and Applications
Chapter 8: Consumer Behavior and Utility Maximization

Assignments:
Chapter 5: Study questions: 2,4
Chapter 6: Study questions: 7, 11
Chapter 7: Study questions: 5, 6
Chapter 8: Study questions: 2

Week #3
Read:
Chapter 9: The Costs of Production
Chapter 10: Pure Competition
Chapter 11: Pure Monopoly
Chapter 12: Monopolistic Competition and Oligopoly

** Mid Term Exam Review: Chapters 1-13 (I will post "hot topic" areas for your review to prepare you for the exam. These will be posted in a message board)

Assignments:
Chapter 9: Study questions: 1, 3
Chapter 10: Study questions: 1
Chapter 11: Study questions: 2, 7
Chapter 12: Study questions: 6

Week #4
* MIDTERM EXAM - CHAPTERS 1-13
Read:
Chapter 13: Technology, R&D, and Efficiency
Chapter 14: The Demand for Resources

Assignments:
Chapter 13: Study questions: 3, 9
Chapter 14: Study questions: 1, 2

Week #5
Read:
Chapter 15: Wage Determination
Chapter 16: Rent, Interest and Profit
Chapter 17: Government and Market Failure
Chapter 18: Policy Choice: Theory and Taxation

Assignments:
Chapter 15: Study questions: 10
Chapter 16: Study questions: 3, 11
Chapter 17: Study questions: 4, 6
Chapter 18: Study questions: 7

Week #6
Read:
Chapter 19: Antitrust Policy and Regulation
Chapter 20: Agriculture: Economics and Policy
Chapter 21: Income Inequality and Poverty

Assignments:
Chapter 19 Study questions: 1, 7
Chapter 20: Study questions: 10,11
Chapter 21: Study questions: 3, 7

Week #7
Read:
Chapter 23: The Economics of Health Care
Chapter 24: International Trade
Chapter 25: Exchange Rates: The Balance of Payments and Trade Deficits
Chapter 26: Transition Economies: Russia and China

Assignments:
Chapter 23: Study questions: 3, 5
Chapter 24: Study questions: 2
Chapter 25: Study questions: 1
Chapter 26: Study questions: 1, 2, 7

**Note: Final Exam Review: Chapters 14-21,23,24,25,26.

* Week #8
* FINAL EXAM