NEW MEXICO JUNIOR COLLEGE

MISSION STATEMENT

Principles of Economics (Micro)

SYLLABUS

  1. GENERAL COURSE INFORMATION
  2. A. Course Title: Principles of Economics (Micro)
    B. Course Number: EC 223 - 30379
    C. Semester: Fall 2018
    D. Days/Time: Online
    E. Credit Hours: 3
    F. Instructor: Roddenberry, Mark
    G. Office: none
    H. Email Address: mroddenberry@nmjc.edu
    I. Office Phone: none
    J. Office Hours:
    K. Time Zone: Mountain Time
    L. Prerequisite(s): Algebra (highly recommended)
    M. Corequisite(s): None
    N. Class Location: Virtual
  3. COURSE DESCRIPTION

    This course presents micro-economic theory, concepts of supply and demand, input and output decisions in perfect and imperfect competition, distribution of income to factors, governmental regulation of business, and unions. This is a three credit hour course.

  4. COURSE RATIONALE / TRANSFERABILITY

    EC 223 is a standard Principles of Economics – Microeconomics course, and offers ready
    transfer to other community colleges, as well as four-year institutions. The course is a basic
    requirement in most Business Administration, Accounting, Marketing, Management, and
    Finance degree plans (as well as others), and can fulfill a part of the Social Science
    requirement in other degree plans.

  5. REQUIRED / SUGGESTED COURSE MATERIALS

    Required:

    Mindtap access code for Principles of Eonomics, 8th ed.

    N. Gregory Mankiw


    ISBN: 978-1-337096515


    Note: the Mindtap access code comes with an electronic copy of the book.

    Suggested:
    None.

    You can buy your books online at the NMJC Bookstore.

  6. GRADING POLICY

    Students attending New Mexico Junior College will be evaluated according to the following grading scale:

    						90 - 100%	=	A
    						80 -  89%	=	B
    						70 -  79%	=	C
    						60 -  69%	=	D
    					 	 0 -  59%	=	F
    
    Grading Policy - Principles of Economics

    Assessment

    Problem Sets (Minetap/Aplia assignments)

    40%

    Essay (Two Position Papers

    10%

    Four Exams

    50%



    Retrieving Grades from T-BirdWeb Portal
    Go to the New Mexico Junior College T-BirdWeb Portal login page. Please enter your User Identification Number (ID), which is your Banner ID, and your Personal Identification Number (PIN). When finished, click Login.

    Tips for Success in Online Courses:
    1. Log in to class regularly.
    2. Pay attention.
    3. Take notes.
    4. Keep up with readings and assignments.
    5. Ask questions when you do not understand something.
    6. Utilize your professor’s office hours and e-mail.
    7. Read the text.
    8. Adhere to the deadlines posted in the course outline.

  7. INSTITUTIONAL STUDENT LEARNING OUTCOMES

    New Mexico Junior College’s institutional student learning outcomes represent the knowledge and abilities developed by students attending New Mexico Junior College. Upon completion students should achieve the following learning outcomes along with specific curriculum outcomes for respective areas of study:

  8. DEPARTMENTAL STUDENT LEARNING OUTCOMES

    Students in the Business/Computer Science Departments should be able to:
    1) Demonstrate an understanding of industry specific ethics (self & community),
    2) Prepare and interpret documents,
    3) Interpret and characterize data appropriate to the course (critical thinking),
    4) Demonstrate computer skills appropriate to the course, and
    5) Demonstrate the value of professionalism in the workplace.

  9. SPECIFIC COURSE STUDENT LEARNING OUTCOMES

    Upon completition of this class, students should be able to:

    -Explain the concept of opportunity cost, comparative advantage and exchange;
    -Demonstrate knowledge of the laws of supply and demand and equilibrium and use supply and demand curves to analyze responses of markets to external events;
    -Explain the concepts and calculate price elasticity of demand and supply and income elasticity;
    -Demonstrate an understanding of consumer choice including utility analysis;
    -Demonstrate an understanding of producer choice, including cost analysis and break even point;
    -Compare and contrast the following market structures: perfect competition, monopoly, monopolistic competition, and oligopoly;
    -Explain the impact of government intervention in markets including price ceilings and price floors, the impact of taxes, and antitrust;
    -Explain the role of labor and capital markets.

  10. REQUIRED TECHNICAL COMPETENCIES AND EQUIPMENT

    Student Requirements
    If you have not already received login information for Canvas/T-BirdWeb Portal/E-mail, you will need to contact the Enrollment Management office at (575) 492-2546.

    Check first-time login page for instructions at www.nmjc.edu/distancelearning/coursescourseschedules/canvasinstructions.aspx.

    Canvas Assistance

    You must have access, on a regular basis, to a computer that supports the Canvas minimum specifications and has an active connection to the Internet. See the minimum computer specification requirements at www.nmjc.edu/distancelearning/coursescourseschedules/Canvasinstructions.aspx.

  11. ADDITIONAL INFORMATION

    The instructor will respond to student e-mail by the end of the next business day.



    As a three credit hour course in an eight week format, students are expected to spend 12-18 hours per week reading, studying, and completing assignments for this course.




    The Mindtap access code required for this class includes and electronic copy of the textbook.

  12. GENERAL/MISCELLANEOUS

    Students will be held responsible for the information on these pages.

    Academic Honesty
    Each student is expected to maintain the highest standards of honesty and integrity in online academic and professional matters. The College reserves the right to take disciplinary action, up to and including dismissal, against any student who is found guilty of academic dishonesty or otherwise fails to meet these standards. Academic dishonesty includes, but is not limited to, dishonesty in quizzes, tests, or assignments; claiming credit for work not done or done by others; and nondisclosure or misrepresentation in filling out applications or other College records. Cheating or gaining illegal information for any type of graded work is considered dishonest and will be dealt with accordingly.

    Americans with Disabilities Act (ADA) Information
    Any student requiring special accommodations should contact the Special Needs Student Services Coordinator at (575) 492-2576 or by e-mail at krueda@nmjc.edu.

    Attendance Policy and Participation Expectations
    It is expected that you regularly log into class at least three times weekly and check your Canvas mail to ensure you have not missed any changes/updates. Students are expected to complete discussions/quizzes/tests/ assignments before deadlines expire.

    Canvas Help
    If you experience difficulty with Canvas you may reach the Canvas Helpdesk at canvashelpdesk@nmjc.edu, or by calling the 24 hour helpdesk phone at (575) 399-2199.

    Netiquette
    The professor is responsible for monitoring and evaluating student conduct and student behavior within the Canvas course. By registering for this class, the student is assumed to have entered into an agreement with New Mexico Junior College and the professor to log into the class regularly and to behave in an appropriate manner at all times. Disruptive behavior may result in the student being removed from the class and dropped for the semester. For comprehensive information on the common rules of netiquette and other online issues, please review the NMJC Online Student Handbook.

    Online Learning Environment
    By participating in an online class, you undertake responsibility for your own progress and time management.

    Plagiarism
    Offering the work of another as one’s own, without proper acknowledgment, is plagiarism; therefore, any student who fails to give credit for quotations or essentially identical expression of material taken from books, encyclopedias, magazines and other reference works, or from the themes, reports, or other writings of a fellow student, is guilty of plagiarism. Plagiarism violates the academic honesty policy and is considered cheating.

    Tutoring Assistance
    Free tutoring services are available to all NMJC students through Brainfuse and the Academic Success Center located at the Pannell Library on the 1st floor.

    Withdrawal Policy
    The instructor has the right to drop any student who has failed to log on to Canvas for two weeks or more, but it is not guaranteed that the instructor will drop you. If the student chooses to stop attending a class, he/she should withdraw from the class by accessing your student account in the T-Bird Web Portal at www.nmjc.edu, or submitting the required paperwork to the Registrar’s Office by 5:00 p.m. on Tuesday, November 20, 2018. Failure to withdraw yourself from a course by this date may result in your receiving an “F” in the course. All students are encouraged to discuss their class status with the professor prior to withdrawing from the class.

  13. ACADEMIC CALENDAR
  14. FINALS SCHEDULE
  15. COURSE OUTLINE
    EC 213  Principles of Economics (Micro)
    Week 1 Module Zero
    1. Ten Principles of Economics
    2. Thinking Like an Economist
    3. Interdependence and the Gains from Trade
    Week 2 4. The Market Forces of Supply and Demand
    5. Elasticity and Its Application
    6. Supply, Demand, and Governement Policies
    Exam One 10/28/18-10/31/18 (Chapters 1-6)
    Week 3 7. Consumers, Producers, and the Efficiency of Markets
    8. Applications: The Costs of Taxation
    9. Application: International Trade
    Week 4 10. Externalities
    11. Public Goods and Common Resources
    12. The Design of the Tax System
    Exam Two 11/11/18-11/14/18 (Chapters 7-12)
    Week 5 13. The Costs of Production
    14. Firms in Competitive Markets
    15. Monopoly
    Week 6 16. Monopolistic Competition
    17. Oligopoly
    Exam Three 11/25/18-11/28/18 (Chapters 13-17)
    Week 7 18. The Markets for the Factors of Production
    19. Earnings and Discrimination
    20. Income Inequality and Poverty
    Week 8 21. The Theory of Consumer Choice
    Comprehensive Final Exam 12/9/18-12/12/18