Course Syllabus

Course Syllabus
Course Title:
Microeconomics
Course Number: ECO 1013
Credit Hours Three (3)
Instructor:
Office Location:
Ralph Trail
Paola Center
Instructor Phone: 913/ 636- 3775
E-Mile Address:
Class Hours:
Prerequisites:
in the
ratrail@hotmail.com
10:30 - 11:55 (Monday & Wednesday)
None, but Micro and Macro Economics may not be taken
same semester.
A. Textbook and Required Tools or Supplies
1. Microeconomics, 10 th Edition, Stephen L. Slavin, McGraw-Hill
Publisher, 2011 (ISBN 978 - 07 - 731718 - 8)
2. Student must have a calculator and pencil/pen. Cell phones are not to
be
used calculators.
B. Course Description
This course includes an introduction to the nature and methods of
of economics. Emphasis is on microeconomics; an analysis of market
structure, elasticity of demand, costs of production; the theory of supply
and demand; price and output determination.
C. Method of Instruction
The subject matter will be presented through class lectures, assignments,
quizzes, and exams. Students will be expected to read assigned chapters.
D. Course Objectives
1. To provide, for the student a historical background of the economic
discipline.
2. To introduce the student to the language and terminology used in the
field of microeconomics.
3. To provide the student with the basic concepts and applications
used in
the field of microeconomics.
E. Course Topics/Units

Microeconomics
Chapter 1: A Brief
Economic History of the United States
Chapter 2: Resource
Utilization
Chapter 3: The
mixed Economy
Test
#1: Chapters 1 - 3
Chapter 4:
Supply and Demand Chapter 5:
Demand, Supply, and Equilibrium Chapter 6:
The Elasticities of Demand and Supply
Test
#2: Chapters 4-6
Chapter 7:
Theory of Consumer Behavior
Chapter 8: Cost
Chapter 9: Profit, Loss, and Perfect Competition
Test #3: Chapters 7-9
Chapter 10: Monopoly
Chapter 11: Monopolistic Competition
Chapter 12: Oligopogly
* Appendix 12: The Four Types of Competition
Test#4: Chapters 10-12
Chapter 13: Corporate Mergers and Antitrust
Final -- Chapter 13 & Comprehensive
F. Course Competencies
1. Define economics and how economics work.
2. Know the four basic economic resources and the incomes associated
with those resources.
3. Demonstrate an understanding of the production possibilities curve
including the concepts of opportunity cost, full employment, full
production and economic growth.
4. Demonstrate an understanding of Demand, Supply, Equilibrium,
and their applications.
5. Demonstrate an understanding of the concepts of the invisible
hand,
price mechanism, and competition.
6. Explain the role of government in our economy.
7. Recognize the differences in the the four economic systems.
8. Demonstrate an understanding of what happens when there
is a
change in damand and supply.
9. Demonstrate an understanding of elasticity of
demand and supply
how it relates to total
revenues and taxes.
10. Demonstrate an
understanding of the concepts of marginal utility
total utility,
and consumer surplus.

11.
Demonstrate an understanding of the average cost curves in the
short run and long run.
12. Demonstrate an understanding of the concept of profit
maximization/minimization and maximum efficiency.
13. Recognize the differences in the four forms of competition.
14. Explain the reasons for and against monopoly power.
15. Calculate the degree of oligopolization.
16. Describe antitrust legislation and explain the Rule of Reason
and the 60% rule as applied to antitrust.
17. Recognize the four landmark antitrust cases.
18. Classify the different types of mergers.
G. Grading Plan
Letter grades will be given based upon a percentage of points.
A 90 to 100
B 80 to 89
C 70 to 79
D 60 to 69
F 00 to 59
Four quizzes 125 points each
Total Points 500 Final exam 250 points
Total Points 250 Homework/Weekly quiz/Porject
10 deliverables 25 points each Total Points
250
Total 1,000
H. Attendance Policy
Stuents are expected to regularly attend all class sessions in which they are
enrolled. Students are allowed two (2) absences. If a student misses 3 class
periods, it will be reported to the counseling office. After 8 absences, the
student may either drop the class or may receive an “F” for the class.
There will be no class: September 5, 2011 (Labor Day)
November 23 (Thanksgiving)
I. Course Component Specifics
exam.
zero.
Students are required to take all exams and quizzes as scheduled
Students will be given one week to get with the instuctor to make up an
Any exams/quizzes not made up within one week will receive a

J. Classroom Rules of Conduct
A student may be dropped from the course for behavior that could be
considered “inappropriate” by the insturctor. An example:
inappropriate
language or sleeping in class.
No headgear {hats, hoods, earphones, etc.) will be worn in
class.
Cell phones are not to ring or be used in the classroom. Cell
phones are not
to be used as calculators.
No children ro unauthorized visitors allowed in class.
No tobacco products are to be useed ub class.
Please inform the instructor if you hve a hadncap or disability,
ASAP.
K. Academic Integrity
Academic dishonesty will result in no credit given for the particular
assignment, quiz or exam, etc. The instructor also reserves the right
to drop a student from the class for any act that may labeled
“academically
dishonest”. The insturctor cannot add or drop a
student voluntarily from the class. This must be handled by the student
administratively through the
Registrar’s office.
L. Emergency Procedures
School cancellation, usually from in climate weather, will be posted on the
on the school homepage. Local radio stations will be notified.
M. Tips for Success
Read the Chapters
Do the assignments
Turn in work on time
Take all exams as scheduled
Ask questions when you are not sure or do not understand.

Sign This Page, Detach From Syllabus, and Return to Instructor
Course Title:
Microeconomics
Course Number ECO 1013
Creddit Hours 3
Instructor
Location
Ralph Trail
Miami County Center
Phone: 913/ 636 - 3775
E-Mail Address:
ratrail@hotmail.com
N. Affidavit (Check the correct statement)
I was in class the first day. The Instructor went over the syllabus,
gave me an opportunity to ask questions, and I understand the syllabus.
A copy of the syllabus is available on blackboard site for my future use.
on
I was not in class the first day. The instructor provided the syllabus
the blackboard site. I have read the syllabus, asked the instructor to clarify
any questions I had, and understand the syllabus.
Student Signature
Date
Print Name