Prince William Sound Community College
Principles of Microeconomics
Course Syllabus ECON 202
Credits: 3
Instructor: Melissa Reese, 835-3066 melissa_reese@valdez.cc
Date: January 16, 2007
Course Description
This course is an introduction to economic theory. Microeconomics explores the concepts behind theory of prices and markets; industrial organization; public policy; income distribution; and contemporary problems of labor and business. Prerequisite: knowledge of basic algebra is recommended.
Objectives
Students will demonstrate their understanding of microeconomic theory by their performance on examinations and their ability to apply microeconomic principles by their written analyses of issues facing the modern American economy. On completion of the course, students should have a basic understanding of the economic problem; consumer choice and elasticities; production and costs; perfect competition; monopolistic competition; and income distribution. The student should be able to demonstrate the use of this knowledge through explanation, application, and interpretation of economic issues
Teaching Methodologies
This on-line introductory course emphasizes on-line and textbook assignments. Students will complete and e-mail assignments to the instructor. All assignments have firm due dates. Late assignments will not be accepted.
Evaluation Methodologies
Students must complete assignments on time to do well in this course. Late assignments will not be accepted.
Final Exam All Chapters
May 20% Unit Exams 20% Semester Project March 15 20% Chapter Quizzes All Chapters Each Week 20% Workbook and in-class Assignments 20%
Required Text
Milller, Roger LeRoy. Economics Today The Micro View 13th Ed. Addison Wesley Longman, Inc. Boston.
Miller, Roger LeRoy & VanHoose, David. Study Guide for Microeconomics to Accompany Economics Today. Addison Wesley Longman, Inc. Boston.
January 16 Chapter 1
Excel
ALEXsys http://www.jobs.state.ak.us
January 18 - no class - ALEXsys - by background and resume builder
January 23 Chapter 2
ALEXsys
MLA format - http://owl.english.purdue.edu/owl/resource/557/01/
Production Possibilities Activities http://www.bus.msu.edu/econ/brown/pim/January 25 Chapter 3 Supply and Demand
Business Plan introduction
January 30 no class -
Find three business plans
http://www.toolkitcch.com/tools/buspln_m.asp
http://www.score.org/template_gallery.htmlhttp://www.sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html_
Find three resources for creating business plans
February 1 - no class - arrange test at PWSCC for Chapter 1-3 Test
February 6 Chapter 4 Extension of Supply and Demand
February 8 Chapter 5 Public Sector and Public Choice
February 13 Chapter 6 Taxes, Transfers, and Public Spending
February 15 Chapters 4-6 Test
Business Plan outline due
February 20 Chapter 20 Consumer Choice
February 22 Chapter 21 Demand and Supply Elasticity
February 27 Chapter 22 Rents, Profits, and the financial Environment of Business
March 1 Chapters 20-22 Test
Business Plan draft due
March 6 Chapter 23 The Firm: Cost and Output Determination
March 8 Chapter 24 Perfect Competition
March 13 Chapter 25 Monopoly
March 15 - Business Plan final due
Chapters 23-25 Test
March 20 - Spring Break
March 22 - Spring Break
March 27 - No class - interview VHS students
March 29 No class
April 3 Chapter 26 Monopolistic Competition
April 5 Chapter 27 Oligopoly and Strategic Behavior
April 10 Chapter 28 Regulation and Antitrust Policy in a Globalized Economy
April 12 Chapters 26-28 Test - Schedule time with PWSCC personnel
April 17 Chapter 29 The Labor Market: Demand, Supply, and Outsourcing
April 19 Chapter 30 Union and Labor Market Monopoly Power
April 24 Chapter 31 Income, Poverty, and Health Care
April 26 Chapter 32 Environmental Economics
May 1 - Chapters 29-32 Test