GEORGIA HIGHLANDS COLLEGE

 Course Syllabus – Fall Semester 2007

 

Course Number:   ECON 2106  (CRN 80015)

 

Course Title:         Principles of Microeconomics, 3 credit hours.  

 

Pre-requisite:        Satisfactory Placement Scores/READ 0099, ENG 0099.

 

Course Description:           This course introduces students to concepts that will enable them to understand and analyze the structure and performance of the market economy in which we live.  Microeconomics focuses on consumers and business entrepreneurs as they make choices about buying and selling, market prices, and hiring and wages.  Supply and demand for products, factor price determination, and distribution of income comprise the course’s detailed analysis of the market economy.

 

Course Objective:            At the completion of this course, the student should be able to demonstrate, through discussion and examination, a comfortable understanding of the major topics listed in the class schedule.

 

Required Text:       Jeff Holt:    Principles of Economics.    McGraw-Hill, Higher

                                               Education, 3rd  Edition, 2006.  ISBN 0-07-354285-7.

 

Grading:         There will be four exams as scheduled in the Course Outline and a comprehensive final examination.  Each exam will contribute 20% of the course grade.  The course grade will be determined by a simple average of the exams according to the following scale:                                                         

                                             A                  90  -  100

                                             B                  80  -    89

                                             C                  70  -    79

                                             D                  60  -    69

                                             F                   Below 60

 

Attendance Policy:           Attendance is expected in all classes.   Call or E-mail if you cannot make it to a scheduled quiz or exam.  Makeup exams scheduled with notification prior to tests.  Failure to notify will result in a grade penalty for the scheduled test.                 

 

Course Drop/Add:           Rules are found in the Georgia Highlands College .  Deadline for Fall Semester is August 20-22.  Last date to withdraw without penalty is October 9.

 

Computers:       All students are expected to maintain an email address.  Students will be responsible for email assignments and communications and need to check their email messages regularly.      Students without access to a computer at home or work may use the computer facilities at the Georgia Highlands College Cartersville Center. 

 

 

Instructor:                 Dr. Dudley Salley

Office:                      Cartersville Campus       MW     3:00 –   5:00   F  9:00 – 1:00

                                 Room 237                      TR       1:00 --   3:00

E – mail                     dsalley@highlands.edu            Telephone  (678) 872 - 8073                              

 

Econ 2106 Microeconomics

Fall Semester 2007

 

CLASS DATE

COURSE OUTLINE

ASSIGNMENT

Aug 20 – 24

 

Scarce Resources and Economic

Choice: Opportunity Cost.          

Social “Science” & Cartesian Graphs.

Chapter 1

Appendix Ch. 1

and class notes. 

Aug 27 – 31

Rise of the Market Economy.   Investment & Growth.  Economic Systems: What, How, For Whom?

Chapter 2

and class notes.

Appendix Ch. 5

Sep   3 --  7

Market Price & Quantity.  A Cartesian Model of Demand and Supply.

Government Price Controls.

Chapter 3

 

Sep 10 -- 14

Exam.

Exam Critique. 

Chapters 1 - 3

Sep  17 -- 21

Elasticity:  Determining the

Firm’s  Revenue.

Chapter 17

 

Sep  24 -- 28

 

The Theory of Consumer Behavior.

Derivation of the Demand Curve.

Chapter 18

Class Handout.

Oct    1 - 5

Exam.

Chapter 17 & 18

 

The Business Firm. 

The Production Function and the Law of Diminishing Returns.

Class notes & Ch. 19

Oct   8 - 12

The Firm’s Production Costs.

Chapter 20

Oct  15 - 19

Profit Maximization in Competitive Markets.  Derivation of the Supply Curve.

Chapter 21

Oct  22 - 26

Exam.

Imperfectly Competitive Markets:

Monopoly.

Chapters 19 - 21

Chapter 22

Oct  29 – Nov 2

Oligopoly.  Monopolistic-Competition.

Government Antitrust & Regulation.

Chapter 23

Chapter 29

Nov    5 - 9

Exam.

Resource Factor Markets:  Labor

Chapters 19-23, 29

Chapter 24

Nov  19

Labor Unions.

Factor Markets (Land, Capital).

Chapter 25

Chapter 26

Nov  22 - 23

Thanksgiving.

 

Nov  26 - 30

Market Failure and the Role of Government.  (Public Goods, Pollution)

 

Chapter 27

Dec   3 -  5

Review

 

Dec   4 - 7

Final Exam.

Chapters 1-3, 17-27

 

 

 

 

 

 

Student Conduct and Academic Integrity:

 

See Georgia Highlands College Catalog “Student Rights & Responsibilities” or http://www.floyd.edu/subwebs/academicaffairs/academicintegritypolicy.htm

 

Disability:

 

Any student who feels they may need an accommodation based on the impact of a disability should make an appointment with the College Access Center (706) 802-5003 to coordinate reasonable accommodations.  You are also welcome to contact me privately to discuss your specific needs.

 

Students receiving financial aid:

 

Please be advised that any student receiving a 0.00 GPA will be required to prove that the 0.00 GPA was earned by attending classes or completing requirements for each class.

 

Extended Absence Policy:

 

Students who have circumstances that prevent them from continuing to attend classes over an extended period of time, sometimes request that the faculty member permit them to submit work in absentia to receive credit to complete the course.  If the concurrent absences will constitute more the 15% of the class sessions for the term, then written permission from the Division Chair is required before any course assignments can be completed while missing class.   The student must be in good academic standing in the course to make the request.  All approved coursework must be completed by the end of the semester in which the course was begun.

 

 

 

This syllabus follows the Floyd College academic course syllabus guideline, amended August, 2006.