Microeconomics and Free Enterprise BUS 206 DE
1st and 2nd Semester 2011-12
Syllabus
Instructor
K. Craig Evins
Office location & hours
E-mail
cevins@cruhsd.org
Phone
928/788-1284
Mohave High School Office—2:45-3:10 pm
Dates, days and
August 8th-December 16th
times of the class
Modality of Course
Classroom
Class
Location
Mohave High
School E-103
Course materials and equipment:
Microeconomics: A Contemporary Edition, by Wiliam McEachern, 8th edition
Course Description:
Catalog Course Description Study of interaction of individuals, households, and firms in
making production, consumption, and distribution decisions with their attendant social
consequences. The relationship of consumer behavior to demand, and firm behavior to
supply, in capitalistic and mixed-market systems, is overlaid
Course Goals:
1. Students will demonstrate knowledge of basic economic analysis
2. Understand the market system that operates between consumers & firms, including
the Elasticity of Demand & Supply, the Consumer’s Utility analysis and the Firm’s cost &
profit analysis.
3. Distinguish between different market structures and the pricing involved in each of:
perfect competition, monopoly, monopolistic competition and oligopoly
4. Describe the different resource markets and interpret the demand & supply of those
markets including Labor markets, Capital markets & Financial markets.
5. Explain the role of government in the economy with regards to Economic regulation,
antitrust policy, providing public goods & their role in market failures.
6. Understand the issues in International trade including specialization, trade
restrictions, welfare loss, and the arguments for & against trade restrictions.
Course Requirements: One Class Project Due the 14th week of school
Grading Criteria: Homework-Questions for Review-approximately 20 points each X 10=200
In Class Problems(Problems and Exercises 10-20 points for each chapter-approx. 10
assignments-approx. 150 points
Project 100 points-The Stock Market Game
Quizzes 10-25 points –Approx. 10 quizzes-approx 150 points
Tests 100 points each X 3=300
Final Exam 150 points
CRT Test 50 points
Course Schedule
Week
1
2
3-4
5-6
7-8
9-10
11-12
Learning Unit
Required Reading/ Assignments/ Tests
w/due dates
Chapter 1-Basic Economic
HW Questions for Review/In-Class
Concepts
Problems
Quiz Chapter 1
Chapter 2- Economic Tools
HW Questions for Review/ In-Class
and Systems
Problems
Quiz Chapter 2Chapter 3- Economic Decision HW Questions for Review/ In-Class
Makers
Problems
Quiz Chapter 3Chapter 4-Demand Supply,
HW Questions for Review/ In-Class
and Markets
Problems
Test Chapters 1-4
Chapter 5-Elsticity of Demand HW Questions for Review/ In-Class
and Supply
Problems
Quiz Chapter 5
Chapter 6-Consumer Choice
HW Questions for Review/ In-Class
and Demand
Problems
Quiz Chapter 6
Chapter 7-Prodcution and
HW Questions for Review/ In-Class
Cost in the Firm
13
Chapter 8-Perfect
Competition
14
Chapter 9-Monopoly
15
Chapter 10-Monopolistic
Competition and Oligopoly
16
Chapter 15-Economic
Regulation and Antitrust
Policy
Review for Final
Take CRT Test
17
18
Problems
Test Chapter 5-7
HW Questions for Review/ In-Class
Problems
Quiz Chapter 8
HW Questions for Review/ In-Class
Problems
Quiz Chapter 9-10
HW Questions for Review/ In-Class
Problems/Class Project Due
Test Chapter 8-10
HW Questions for Review/ In-Class
Problems
Quiz Chapter 15
Take Final Exam
General Information:
All assignments, with the exception of in-class exercises and homework, will be typewritten or
word-processed. Accuracy in spelling, punctuation, grammar, and syntax is expected of students
in this class.
Disruption of the classroom learning environment, including but not limited to unauthorized
classroom entry, making loud or distracting noises, persisting in speaking without being
recognized, inappropriate online discussion board remarks, or resorting to physical threats,
constitutes grounds for the student being dismissed from class.
It is the student's responsibility to have read and be familiar with the policies and procedures
outlined in the Student Handbook which is available at all campus student centers and can be
found on the MCC web site under “Student Resources.”