Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
Microeconomics
Course Title: Microeconomics
Instructor: Frederick Harmon
Course Number
ECO 202.1
Semester, year: Spring 2014
Semester Hours: 3
Monday and Thursday 11:00am – 2:15 PM
Instructor Contact Information: (203-258-1465)
FHarmon@bridgeport.edu or jfharmon2002@yahoo.com
If necessary, student conferences will be on an individual basis by mutually convenient appointment.
Course Description:
This course examines the basic concepts of microeconomics such as supply and demand, market efficiency,
inflation, unemployment, scarcity, elasticity of products. Microeconomics provides a good platform for
studying macroeconomics in later parts of your studies. You will see and experience how and why markets may
"work" well and not so well. You will also learn about basic microeconomics problems such as production
decisions, pricing and strategic market behavior. We will use examples and mini-cases from different industries
to illustrate the main points. In order to better understand economic concepts, throughout the semester you will
participate in classroom games. You should also learn by study and analysis outside the classroom (by
participating in On-line Simulations Game) and by active participation in class discussion. You will have the
opportunity to sharpen their communication skills and to improve their ability to work in groups.
Required texts and Materials
1. Microeconomics, 4th ed. Hubbard and O’Brien ISBN: 0-13-600332-X
2.
Students have to register for “Beat the Market” (on-line microeconomics game). Cost $19.95
3.
Wall Street Journal
3. Course Objectives
Upon completing this course you should be able to:
- understand the role of markets in allocating scarce resources;
-understand how to manipulate the basic Supply and Demand model;
- analyze equilibrium prices and quantities in microeconomic markets, including the factors that affect Supply
and Demand and the role of elasticity of Supply and Demand in price and quantity changes;
- understand the concepts of efficiency and fairness as they apply to markets;
- understand how firms make production and pricing decisions in different markets;
Auditing 520
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
- apply basic game theory to analyze firms’ strategic behavior;
- understand market imperfections including asymmetric information and externalities and how government
intervention can change market situations.
- analyze how government intervention affects prices, quantities, and market efficiency in perfect and imperfect
markets.
Course Requirements:
 Students are expected to prepare in advance of each class meeting. The teaching methodology relies
heavily on experiential recall, lecture, student participation, and the ability to relate knowledge from
various sources to the discussion at hand.
 We will also be using on line software (see material requirements above). You will subscribe to the
software which incur a cost of approximately 20.00. We will be using the software throughout the
course as an aide in learning. We will discuss this further in class.
 Attendance is optional. Consistent absence shows a lack of interest or an unwillingness to take
responsibility for your course. The greater the number of absences, the less you are able to
participate and therefore the lower the mark. If you are absent from class on the day of the quiz,
there is no makeup, regardless reason short of hospitalization or family death.
Grading:
 Grading is based on the following combination of activities:

Midterm Examination
Final Examination
Group Assignments-soft
Quizzes on Wall Street Journal
Individual Assignments
Class Participation
20 pts
20 pts
15 pts
15 pts
15 pts
10 pts
Grading Criteria:
I will evaluate each student based upon his/her mastery of the fundamental concepts and performance
on the midterm and final exam. Each facet of the course requires unique valuation- e.g., quizzes on
what is in the Wall Street Journal, versus performance in gaming. An average valuation merits a C,
an above average performance merits a B, and a highly outstanding performance merits an A.
The following scale will be used for final grading:
A 90% and up
C
A– 85 - 90
C- 55 - 60
Auditing 520
60 - 65
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
B+ 80 - 85
D+ 50 - 55
B 75 - 80
D
45- 50
Policy on missed assignments, tests, quizzes, or exams:
 Assignments and tests all have scheduled dates. There is no provision for “make ups”.
 Late papers will not be accepted. Failure to turn in a paper will decrease final grade by 25%
Auditing 520
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
Absence/Tardiness/Participation:
 Regular class attendance is expected and will be recorded at the end of each class session.
 Tardiness will not be tolerated, as it is disruptive to those who make the effort to be on time and to
the lecture/discussion in progress.
 Texting or using cell phones during class will not be tolerated
 ALL ASSIGNMENTS MUST BE DONE IN WORD OR EXCEL- NO WRITTEN
ASSIGNMENTS ACCEPTED
 IF YOU HAVE A LAPTOP COMPUTER OR ELECTRONIC DEVICE WITH EXCEL, PLEASE
BRING IT TO CLASS

Changes in the course schedule:
 Any changes in this syllabus will be presented at regular class meetings.
Auditing 520
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
Special Accommodations
DISABILITY SERVICES
The University of Bridgeport is committed to providing services to qualified students with disabilities so that
they receive an equal educational opportunity. In compliance with Section 504 of the Rehabilitation Act, the
American with Disabilities Act and the Connecticut State Laws, we provide reasonable accommodations to
reduce the impact of disabilities on academic functioning or upon other life activities in a University setting. All
accommodations are determined on an individual basis. If a student with a disability would like to be considered
for accommodations, he/she must initiate the request, prior to or at the beginning of the academic semester and
provide supporting documentation. For further information call 203 576-4454 or email
counselingservices@bridgeport.edu.
WHAT I AM LOOKING FOR IN GROUP PRESENTATIONS
Speaking effectively and forcefully in front of a public is one of the most important skills needed by business
executives who aspire to senior positions. An effective presentation explains, clarifies and inspires. Here are
some guidelines outlining things I look for in a group presentation on investment game:
1. How does the group look? Professional or sloppy?
2. Have they introduced themselves to the audience, so that we know who is who?
3. Do they have an outline of their talk, so that we understand clearly what they are trying to achieve?
4. Do the members maintain eye contact with us in the audience, as if they were speaking to each of us
individually?
5. Is their voice lively and clear, or monotonous and dull?
6. Is the presentation visually attractive, unusual, clever so that our attention is engaged all the time and we
retain most of their message?
7. Do they present the material and the message slowly and clearly? Do they make effective use of course
concepts? Is the presentation interesting and meaningful?
How to fill the Peer Rating Form (due with your final report)
1. Ideally, your group functioned well and you shared the work load equally, i.e. in a group of 4, you assigned
each other 25%.
2. In cases where the work load is not shared equally, the student (s) who has (ve) the
highest percentage will receive the unaltered total mark for the group reports and group presentation. The other
student (s) who have not shared equally the work load will receive discounts from the assigned grade.
Auditing 520
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
Class Participation
You are expected to participate in this class. This will not only enhance your learning experience, but also your
grade. If your class participation is good, this should have a positive impact on your final grade. If your class
participation is poor or non-existent, you should expect the opposite effect. It is not possible to engage in class
participation if you do not attend class. Class participation has weight of 10% in your final grade. First 5% are
given for class attendance, submitting assignments in time and following the rules of the class. Second 5% are
given for asking questions and answering questions in class or during office hours (details to be explained in
class).
Late Work
There are no make-ups for assignments or exams. The weight of any assignment missed for medical reason or
because of family members funerals attendance will be transferred to the final exam. Without a valid excuse as
recognized by the university a grade of zero will be given.
Assignments not handed in at the start of class on the due date are considered late and receive a grade of zero.
Assignments are not accepted via email, fax or via proxy.
Weather policy. If the university is officially closed on the day of an assignment deadline the deadline will be
extended. Otherwise no extensions are allowed. If you live far from the campus and anticipate transportation
problems, do not wait until the last minute to submit the assignment.
Study Hours
The rule of thumb is that, in an average week, you should spend 3 hours outside of class working, reading,
studying, etc. for every hour we spend in class. That would be 9 hours per week.
6.
Electronic Devices
An electronic dictionary may be used during class as long as there is no exam in progress. Cell phones, pagers,
PDA’s, any and all cameras, Ipods, are not allowed to be used in class. There is NO videotaping, audiotaping,
or photography allowed in or of the class.
Laptops - use of laptops in class is a privilege. Should you desire to use a laptop in class, you will need to
petition me in writing for approval and conditions for use will be spelled out in an individual contract between
student and instructor. This privilege and any potential contract may be rescinded at any time by the instructor.
Auditing 520
Spring 2014
Ernest C. Trefzt School of Business
University of Bridgeport
Microeconomics 201.01
7.
Integrity
Students are required to read and be familiar with the University’s policy on academic integrity and honesty. In
addition: Academic integrity and honesty is strictly enforced. Integrity is a crucial part of the academic
experience. I expect you to be honest with me in all conversations, emails, and discussions and to treat fellow
students and me with respect. You must always do your own work, and you may never plagiarize, copy another
person’s ideas or work, and/or cheat on exams, assignments or papers. Furthermore, all work you turn in must
be completed by you for this specific class. Failure to follow this policy in any way, shape or form may lead to
any or all of the following: an “F” on an assignment or exam, an “F” in the course, academic suspension, and
even expulsion from the University. Any and all violations will be reported to the University administration.
By taking this course and by attending the University you agree to these conditions. If you cannot abide by
these conditions you should withdraw from the course immediately. Please see me at any time with questions.
Auditing 520
Spring 2014
University of Bridgeport
Ernest C Treftz School of Business
Auditing 520
AUDIT – COURSE OUTLINE
Week
Class
Date
1.
01/22/2014
2.
01/29/2014
3.
02/03/2014
4.
02/010/2014
5.
02/17/2014
6.
7.
Day
MWF
Exams/Paper
Introduction
Topic
Chapter
Introduction and Syllabus
Review of Auditing environment
1
2
MWF
Risk Analysis, Fraud, Regulations and Opinion
requirements
MWF
COSO structure of Internal Controls
MWF
Professional Liability, Ethics, and Due Diligence
4
MWF
Professional Auditing Standards and Audit
Opinion Formulation
5
02/24/2014
MWF
Audit Evidence
03/03/2014
MWF
3
03/10/2014
8.
Review, Midterm Exam
Midterm Exam
6
Audit Planning, & Material Misstatements
7
Sampling & Generalized Audit Software
MWF
8
9.
03/17/2014
MWF
Revenue Cycle
10.
03/24/2014
MWF
Cash and Marketable Securities
MWF
Inventory, Acquisition, and Payable Cycle
11
MWF
Long Term Assets: acquisition, Use, Impairment,
And disposal
12
MWF
Debt Obligations and Stock Holder Equity
14
9
10
\\
11.
03/31/2014
12.
04/07/2014
13.
04/21/2014
14.
04/28/2014
MWF
Capital Market History
Audit Reports on Financial Statements
15.
05/02/2014
MWF
Review & Final Exam
Final Exam Week
Auditing 520
15
TBA
Spring 2014