School of Business Kendall Campus Miami Dade College ECO 2023 Microeconomics A Flexi Course Instructor’s Information: Professor Maria C Mari, CPA, CMA, CFrA School of Business – Kendall Campus Office: 6319 #29 Office telephone: 305-237-0341 Office email: mmari@mdc.edu Office hours: MW 11am to 1pm or TR 12:30 – 1:30pm Faculty website: http://faculty.mdc.edu/mmari/ Course Description: An introductory course in the study of micro economic theory as applied to the United States. This course will introduce the students to micro topics such as demand theory, production theory, industrial organization, and elasticity. This course is an independent study course. Students are not required to attend a formal class but must complete the assignments by the due date stated. It is recommended that students meet semi monthly with the instructor to discuss their progress, in addition, to weekly e-mail messages. School of Business Kendall Campus Miami Dade College Course Competencies: To understand the concept of opportunity cost and incentives and how they affect human behavior. To understand the production possibilities frontier. To understand the theories of absolute and comparative advantage. To understand the laws of demand and supply. To understand elasticity and its effect on total revenue and demand. To analyze the effect of government policies on equilibrium. To analyze prices and its affect on product demand. To determine the effect of production costs on supply in the short and long run. To examine the types of market structure and their role in the economy. To analyze businesses operating under perfect competition To analyze businesses operating under monopoly. To understand monopolistic competition and advertising’s role To understand the dynamics of oligopoly. To analyze the four market structures wit respect to allocative and productive efficiency. To understand the role of government regulations and antitrust policy on producers. Textbook: Microeconomics By McConnell & Brue 17th Edition ©2008, ISBN-13 9780073273099 Evaluation Methods: Method: Article Summaries Chapter Quizzes Examinations Percentage of Final Grade 15% 65% 20% School of Business Kendall Campus Miami Dade College Chapter Quizzes: Students will complete the chapter quizzes found in the WEBCT site for the course. Each chapter will have one quiz that counts for toward the final grade. The remaining quizzes are for extra credit. The chapters to be covered are: 1 through 10, and 18. Article Summaries: Students will find five articles having to do with economics. They will post the link to the article on the discussion page of the website and then summarize the article for the other students. Students cannot repeat any article already posted on the site. Examinations: Students will complete a cumulative final on campus. The test will be available for the students during the seventh week of the semester. Students need to make an appointment with the instructor to take the test. A review for the final will be found at the WEBCT site. . Grading: Grade Percentage A 90% – 100% B 80% - 89% C 70% - 79% D 60% - 69% F Below 60% Grade Information: Students can view their grades online at www.eclassinfo.com. Course name: ECO 2023 Flexi Username: Last name Password: first name Student Responsibilities and Conduct: Academic Dishonesty (as defined by the College) includes, but is not limited to cheating on examinations; receiving help from other students (unless permitted by the instructor) plagiarizing; submitting work from another course (unless permitted by the instructor); and assisting anyone doing these things. Academic Dishonesty is considered to be a serious offense and may result in failing an School of Business Kendall Campus Miami Dade College assignment, receiving an “F” in the course, or dismissal from the College. See the Students’ Rights and Responsibilities Handbook for further information. Students should make a special effort to arrive in class ON TIME. IT is disruptive and discourteous to the instructor and to other students. If tardiness is unavoidable’ please come into the class and sit quietly without bothering other students. Cell phones, pagers, or beepers should be turned off when entering the classroom. Please inform those who call you that when you are in class you are unable to receive calls. Due Date: Last day to turn in work is April 25, 2008 No exceptions will be made. How to Enroll in WEBCT Creating a myWebCT | Top When you create a myWebCT, you are required to create a WebCT ID and password. Each time you log in to myWebCT, you enter your WebCT ID and password. Note: You can obtain the URL for the Entry Page from your school's WebCT administrator. Depending on administrator settings, this feature may not be available to you. 1. From the Entry Page, click Create. The Create myWebCT screen appears. 2. Follow the on-screen instructions. You must complete every field marked with a Required asterisk. 3. Record your WebCT ID and password and store it in a safe place. 4. Click Continue. If the Log in to WebCT screen appears: a. In the WebCT ID text box, enter your WebCT ID, and in the Password text box, enter your password. b. Click Log in. Your myWebCT appears. School of Business Kendall Campus Miami Dade College If the Password window appears: a. In the User Name text box, enter your WebCT ID, and in the Password text box, enter your password. b. Click OK. Your myWebCT appears. What do you want to do next? Logging In to myWebCT | Top From the Entry Page, click Log in to. If the Log in to WebCT screen appears: a. In the WebCT ID text box, enter your WebCT ID, and in the Password text box, enter your password. b. Click Log in. Your myWebCT appears. If the Password window appears: a. In the User Name text box, enter your WebCT ID, and in the Password text box, enter your password. b. Click OK. Your myWebCT appears. What do you want to do next? Adding a Course that Allows Self-Registration | Top Important: Have you created a myWebCT yet? If not, click here for Help before continuing. Depending on administrator and designer settings, this feature may not be available to you. 1. From your myWebCT, click Add Course. The Select the course to add to your myWebCT screen appears, displaying all courses in the Default term and Main category not currently listed in your myWebCT. 2. Select a view: If you want to view courses by term, from the View by Term dropdown list, select a term and click Update. If you want to view courses by category, from the View by Category drop-down list, select a category and click Update. Category: Business. 3. Locate the self-registration course you want to add and do one of the following: School of Business Kendall Campus Miami Dade College Under Course (ECO 2023 Microeconomics – Mari) click the course name. The Add a Course to myWebCT screen appears. Under Add course, click the Add course icon. The Add a Course to myWebCT screen appears. 4. Click Register. The Course Added screen appears, and the course has been added to your myWebCT. You can do one of the following: add another course go to the course return to myWebCT