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Course Requirements:
The formula for grades is as follows.
4 Exams (non-cumulative) - 100 points each = 400 points
Quizzes (8, each worth 10 points) = 50 points (count 5 best scores)
Term Paper = 50 points
Total Points Available = 500
A
90-100%
B
80-89%
C
70-79%
D
60-69%
F
59% and below
Major Assignments:
•
Exams: There will be 4, non-cumulative exams throughout the semester worth 100 points each.
Exams will cover information presented in class and from the textbook.
•
Quizzes: Eight (8) quizzes will be given randomly throughout the semester. Each quiz will be
worth 10 points and will vary in nature (e.g. short answer, multiple choice, matching). Quizzes
cannot be made up under any circumstances. These quizzes will cover material presented in that
day’s lecture. Your 5 best quizzes will count.
•
Term Paper: Each student will complete a term paper covering a microeconomic theory or
concept covered in class. Students should provide the history of the theory or concept, as well as
provide (at least one) real-world example of the theory in use today. The term paper will be
written in APA style and should be between 3-5 pages (double-spaced – this does not include the
title page or reference page). An information lecture and discussion over APA style, as well as
paper requirements, will be given after the first exam.
Tentative Course Outline:
Week 1 – What is Economics
Scarcity, choice, and economic systems
Week 2 – Supply & demand
Elasticity – concept & use
Week 3 – Test 1
Consumer choice
Production & cost
Week 4 – How firms make decisions
Test 2
Week 5 – Pure Competition
Monopoly
Week 6 – Monopolistic competition
Test 3
Week 7 – Labor market
Income equity