Frederick Community College EC202ONL1—Microeconomics SUMMER 2011
Class begins: 06/06/11	Class ends: 08/01/11	Last Day to Withdraw: 07/13/11

Instructor Information:
Name: Dr. Yonnas K. Kefle	Office: N/A
E-mail: ykefle@frederick.edu	Phone Number: 301-846-2507
Contact Hours: Email and by appointment for in-person meeting	Campus Mail Box #: 993

Course Information:
Credits: 3
On-campus Meetings: None	On-campus Exams: 2
Prerequisites: EN52 or ESL 99	Corequisites:

Course Description:

Emphasis is placed on price theory, distribution, international trade, and economic development in an essentially micro-economic approach.

Core Learning Outcomes:

Upon completion of this course students will demonstrate

1. (Goal I) Demonstrate college-level communication skills by

· writing and speaking effective, organized, clear, and grammatically correct English appropriate for a specific subject, purpose, and audience (1)

· interpreting financial and economic written texts (2)

2. (Goal II) Demonstrate critical thinking skills by

· recognizing and interpreting the major concepts and problems related to the market system (4)

· evaluating and analyzing significant economic facts and interpretations (4)

· drawing well-reasoned conclusions based upon the evidence and logical inferences (6)

3. (Goal III) Display general knowledge and historical awareness by

· understanding of the behavior of firms (10)

· identifying and distinguishing among the four basic market models (10)

· demonstrating an understanding of capital and interest by utilizing the concepts of net present value (10)

· demonstrating an understanding of the operation of labor markets (10)

· analyzing policy related to environmental economics (10)

4. (Goal IV) Demonstrate quantitative problem solving by

· working problems requiring a college-level understanding of math principles (11)

· interpreting economic data (12)

· constructing and interpret cost curves for each market model (12)

· demonstrating an understanding of the profit-maximization rule (12)

· constructing and interpreting graphs (13)

5. (Goal V) Understand and be able to interpret social and educational values by:

· demonstrating an understanding of the importance of ethical standards in the financial markets (23)

6. (Goal VI) Value the emergence of a multicultural society by

· demonstrating a knowledge of the operations of the World Bank and IMF (31)

· identifying the problems relevant to multinational corporations (31)

demonstrating an understanding of the theory of international exchange (31

Instructional Methods:

Microeconomics is traditionally a three hour lecture course. Our format for this course is similar to the traditional course; however, our delivery method is via the internet. In support of our learning objectives you will be doing a great deal of independent work. The course location is: http://frederick.blackboard.com

How this course is organized:

EC202-ONL1 is not a self-paced course as we follow the semester's weekly schedule of classes. Each week begins at 12:01a.m. on Monday morning and ends at 12:00 a.m. on Sunday night.

Text(s) and Course Materials:

Microeconomics Principles, Problems, and Policies (18th), Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn McGraw-Hill Irwin, 2009, ISBN 978-0-07-336594-7.

Progress Report:

By the end of the third week of the semester, you will have an opportunity to evaluate your progress in this course and decide if you need to make any adjustments (additional study, tutoring, conference with instructor) to assure your success in this course.

Evaluation Methods:
Tests / Papers / Projects / Participation	Point Value	Final Grade Scale
16 Quizzes 10 points each Quiz Completion Bonus Points 1 Mid-Term Exam (Proctored) Participation in Muddiest Point 1 semester project 1 Final Exam (Proctored)	160 40 100 100 100 100 600	540 – 600 = A 480 – 539 = B 420 – 479 = C 360 – 419 = D Below 360 = F
If the graded performance for online assignments differs significantly from the grade average for proctored assignments, the instructor reserves the right to administer additional tests.

Student Services

A variety of services are available to assist students in succeeding at FCC. Students can learn more about these services by visiting the Student Services web page: http://www.frederick.edu/student_services/index.aspx.

Students with disabilities who are in need of accommodations or who have questions related to disabilities services should contact the Services for Students with Disabilities (SSD) office at 301-846-2408. Students can learn more about these services by visiting the Services for Students with Disabilities web page: http://www.frederick.edu/student_services/disability.aspx.

Participation Policy:

Students must progress through the course materials in accordance with the topical outline. Participation in the Muddiest Point discussions can earn up to 100 points toward final grade.

Email Policy:

With the exception of MOL students, all FCC students will receive and are expected to use their FCC email address for correspondence with faculty and staff at the college. Students can establish and access their FCC email accounts at https://myfcc.frederick.edu. Email is an instructional tool essential to student-instructor and student-student communication. In the Blackboard environment by default, your email address is available to all students in this course.

However, students are permitted to use email addresses of other students in this course only for the purpose and the duration of this course.

The instructor can be expected to respond to regular student email inquiries (grades, posted assignments, and tests excluded) within the time frame of 24 to 48 hours.

Academic Integrity:

Work in this course is subject to the provisions of the FCC Code of Academic Integrity. Plagiarism in any form will not be tolerated. As a student, it is your job to practice academic honesty at ALL times. Make sure that all sources, particularly Internet sources, get proper credit for quotations, paraphrases, and ideas. More information about this and the Student Conduct Code are available at http://www.frederick.edu/student_services/studentpolicies.aspx

You must send your Academic Integrity Pledge to the instructor. The form is available at http://courses.frederick.edu/_utilities/regform.htm

Topical Outline
Week	Subject	Content
1	Limits, Alternatives, and Choices The Market System and the Circular Flow	Ch. 1 Ch. 2
2	Demand, Supply and Market Equilibrium The U.S. Economy: Private and Public Sectors	Ch. 3 Ch. 4
3	The United States in the Global Economy Elasticity, Consumer Surplus, and Producer Surplus	Ch. 4 Ch. 5
4	Consumer Behavior The Costs of Production	Ch. 7 Ch. 8
5	Pure Competition Pure Monopoly	Ch. 9 Ch. 10
6	Monopolistic Competition & Oligopoly The Demand for Resources	Ch. 11 Ch. 12
7	Wage Determination Rent, Interest, and profit	Ch. 13 Ch. 14
8	Natural Resources and Energy Economics Antitrust Policy and Regulation	Ch. 15 Ch. 18

Important Dates

07/05/11 – 07/07/11	Mid-Term Exam at the Testing Center
07/13/11	Last Day to Withdraw
08/01/11	Last Day of Term Semester Project Due
08/01/11 - 08/03/11	Final Exam at the Testing Center

NOTE: Your instructor reserves the right to make changes to this outline as needed.