Econ 1123-995 - Course Syllabus - Students.ou.edu - University of ...

Econ 1123-995 - Course Syllabus – Fall 2012Instructor: Li SuOffice:Hester Hall 211Office Hours:By appointmentE-mail: suli_econ@ou.eduCourse Overview: Econ 1123-995 is an online version of Principles of Microeconomics. Thiscourse will introduce students to the foundational terms, concepts, and economicmodels they will need in intermediate microeconomics and microeconomicsrelated business courses. The course will cover six units: the Supply andDemand Model, Consumer Choice Theory, Production Theory, PerfectCompetition, Monopolies, and Imperfect Competition.To be successful in this course, students must be proficient in arithmetic withouta calculator, as they are not allowed one during exams; college level algebra;graphing techniques using a Cartesian Plane; and spoken and written Americanor British English. A working knowledge of basic Calculus is helpful but notnecessary.This course is self-directed and self-paced. Moreover, although this is an onlinecourse, you must sit for the mid-term and final examinations on campus atthe dates and times specified on the schedule. Additionally, all assignmentsand quizzes related to material covered on the midterm examination must becompleted and submitted to the instructor by the date and time of the midtermexamination. Likewise all material covered after the midterm must be submittedto the instructor by the time and date of the final examination.The mid-term will cover the first three units of Dr. Holmes’ MicroeconomicTheory Workbook. The final will be comprehensive.LearningObjectives:To help facilitate your self-paced learning I will provide detailed learningobjectives for each unit. I will post these to D2L.Course Resources: All homework assignments and course supplements will be posted to the D2Lpage for this course. Online quizzes will be given and graded through D2L.Required Texts: Microeconomic Theory Workbook (3 rd Edition) by Alexander Holmes (see OUbookstore); Microeconomics by Colander (8 th , 7 th , or 6 th Edition) (available atAmazon.com)Quizzes &Homework:I will post six quizzes to D2L, one for each unit from the Microeconomic TheoryWorkbook. The quizzes will give you an opportunity to check your level ofunderstanding of the assigned readings. You will have two opportunities to takeeach quiz, and I will record your highest score. You will be allowed twenty

minutes to take each quiz. If you are not familiar with taking quizzes on D2L,you should come to my office during office hours for a tutorial.The homework assignments, on the other hand, are an opportunity for you topractice skills and review concepts presented in the textbooks. They will alsogive you an opportunity to practice the kinds of problems you will see on anexamination. You will have two kinds of homework assignments: onlinehomework assignments and paper assignments. I will provide instructions witheach assignment so you will know which is which. For the paper homeworkassignments that are to be completed as hardcopies, you may mail yourassignments to me at the Economics Department or deliver them by hand to myoffice.On homework assignments only, you may work with other students; howeveryou must submit an original copy of your own work. One group copy or exactduplicate copies of group work are not acceptable. If you work with otherstudents on a homework assignment, you must write the names of all of theindividuals with whom you collaborated.Grades: You can earn up to 510 points in this course (see table below).Letter Grades:The mid-term examination will cover the first half of material, units 1 through 3in Dr. Holmes’ Microeconomic Theory Workbook. The final examination will becomprehensive.Grade ItemPoint ValuePercentage of FinalGradeFinal Exam 200 ~40%Mid-Term Exam 100 ~20%Quizzes 90 (15/quiz) ~17%Homework 120 ~23%Total 510I will assign final grades according to the following schedule:Letter Grade Raw Score Interval PercentageA 459~510 90%~100%B 408~458 80%~89.9%C 357~407 70%~79.9%D 306~356 60%~69.9%Attendance Policy: Students must sit for the midterm and final examination on-campus. Thedates and times for the mid-term and final examinations are on the schedulebelow. Petitions to take the midterm and/or final examination(s) off-campus willnot be entertained. Petitions to take the midterm and/or final examination(s) at analternate date and/or time will be also not be entertained.

AcademicIntegrity:Cheating is strictly prohibited at the University of Oklahoma. For specificdefinitions on what constitutes cheating, please see your student handbook or askme via e-mail. All work on exams and quizzes must be yours and yours alone.You may receive not outside help. You will never be permitted to use your notes,textbooks, or any other study aids.If you work with other students on a homework assignment, you must writethe names of the students with whom you worked at the top of theassignment. If you provide no documentation, then you are claiming that allwork contained on your assignment is yours and yours alone.Professionalism: The Economics Department expects both instructors and students to conductthemselves in a professional manner befitting a business environment. Therefore,you should be mindful of the following course rule: Turn your cell phone off andkeep it in your bag during examinations. If your cell phone rings or vibratesduring an examination, your exam will end and you will receive a zero on theexam.Disability ResourceCenter:Any student in this course who has a disability that may prevent him or her fromfully demonstrating his or her abilities should contact the Disability ResourceCenter (Goddard Health Center, Room 166, 325-3852) to make a formal requestfor accommodation to facilitate the student realizing all educationalopportunities.Note: I view this syllabus as a contract between you, the student, and me. As a studentin my course, you are responsible for all the information contained herein.Course ScheduleAugust 20 thClass beginsOctober 05 th Quizzes and HW Due: Unit 1~Unit 3December 30 th Quizzes and HW Due: Unit 4~Unit 6October 12 th , 9:00AM~10:00AM, Room (TBA)December 07 th , 9:00AM~11:00AM, Room (TBA)Midterm ExamFinal ExamUnit 1: Supply and DemandReading List and Homework AssignmentsColander (8 th ed) : Ch 4: Supply and Demand, Ch 5: Using Supply and Demand, and Ch7:Describing Supply and Demand: Elasticities (focus on price elasticity)o HW: Tortilla Riots WorksheetHolmes: Unit 1: Elementary Supply and DemandQuiz 1

Unit 2: Consumer Choice Theory (Consumer Behavior Theory) Colander (8 th ed): Ch 10: The Logic of Individual Choiceo HW: Indifference Curve Analysis & Budget Lineso HW: Deriving Demand Curve Holmes: Unit II: Consumer Behavior Theory: Indifference Curve Analysis Quiz 2Unit 3: Production and Cost Analysis Colander (8 th ed): Ch 12~13: Production and Cost Analysis I & IIo HW: Cost and Production Theory Holmes: Unit III: Cost and Production Theory Quiz 3Unit 4: Perfect Competition Colander (8 th ed): Ch 14: Perfect Competitiono HW: Cost Curves in Perfect Competition Holmes: Unit IV: Perfect Competition Quiz 4Unit 5: Monopoly Colander (8 th ed): Ch 15: Monopolyo HW: Profit Maximization by a Monopolist Holmes: Unit V: Monopoly Quiz 5Unit 6: Imperfect Competition Colander (8 th ed): Ch 16: Monopolistic Competition and Oligopoly & Ch 18 Antitrust Policyand Regulation (read Antitrust Policy and History of U.S. Antitrust Laws)o HW: No homework from Colander Holmes: Unit VI: Imperfect Competition Quiz 6