UNIVERSITY OF CENTRAL FLORIDA
DEPARTMENT OF ECONOMICS
Regional Campus Syllabus
Course:
ECO 3401, Quantitative Tools I, 3 credit hours
AV50 – Valencia West
AV80 – Daytona
AV55 – Valencia Osceola AV81 – Sanford/Lake Mary
AV70 – Cocoa
AV85 – Ocala
AV75 – Palm Bay
AV86 – South Lake
Term/Meeting Time: Summer A-term, 2014.
This class section is delivered via lecture capture (video
streaming) over the WWW. If you have problems logging
in, please contact your regional campus.
Video Viewing
Students will need access to a computer with audio
capabilities, a high-speed (broadband) internet
connection (cable/DSL), and a Windows Media Player
for a PC or Mac. From the Webcourses course
homepage click on Lecture Capture to view class. There
is also a link on the Modules page titled Tegrity
Recordings.
Instructor:
Office:
Office Hours:
Phone:
E-mail address:
Mr. Bob Potter
BA2, 302W (Main campus)
Wed, 2:00 – 3:45 am, or by appointment
(407) 823-2886
Please use the Webcourses e-mail tool to contact me.
Course Description:
This is an introductory course of basic mathematical and statistical tools for
analyzing economic and business problems. It will cover a broad range of topics
so be prepared for a rapid pace.
Prerequisites: ECO 2023 and MAC 1105 or MAC 1140.
Text:
Finite Mathematics and Calculus with Applications 9e with MyMathLab student
access code, by Lial, Greenwell, and Ritchey. Addison Wesley. ISBN:
0321760042.
An e-text is also available through MyMathLab when you register at
mymathlab.com. Details will be explained in the first class meeting.
1
Learning Objectives:
Upon successful completion of ECO 3401, the student will:
 solve a linear system of equations and utilize basic matrix algebra
methods,
 use exponential and logarithmic functions as well as basic financial
calculations,
 use the appropriate rules to derive the derivative of a function,
 interpret derivatives as slopes, rates of change, and marginal concepts,
 perform unconstrained single-variate optimization, and determine the
maximum/minimum values of a function using the first-derivative or
second-derivative test,
 use the second derivative to determine the concavity of a function on an
interval and to identify the point of diminishing marginal returns,
 use the appropriate rules to derive the indefinite integral of a function,
 given a firm’s demand and supply functions, use the fundamental theorem
of calculus to calculate the total amount of consumer and producer
surplus,
 calculate the mean, median, mode, variance, and standard deviation of a
data set,
 demonstrate an understanding of the basic concepts of unconditional,
conditional, and joint probabilities and the relationships between them for
dependent and independent events,
 determine the probability distribution, expected value, variance, and
standard deviation of a random variable,
 standardize a normally distributed random variable and recognize the
probabilities associated with intervals 1, 2, and 3 standard deviations
around the mean of a normal probability distribution.
Grading:
EXAMS:
Students will take their exams on-line in the regional campus testing lab.
There will be 3 unit exams, each worth 100 points for a total of 300 points. Once
the exam is released you will have a specified number of days to take it. Please
refer to the schedule below for the exam schedule.
 You may bring 1 - 3” x 5” note card into the testing lab with formulas and/or
notes written on both sides. The note card must be handed in to the lab
attendant before you leave the testing lab.
 You may bring a “non-programmable” calculator into the testing lab.
 You will be provided with a scratch sheet that must be handed in to the lab
attendant before you leave the testing lab.
2
Regional Campus Testing Information
Students will be required to take exams at their regional campus. Please contact
your regional campus for testing lab information.
POLICY CONCERNING MISSED EXAMS
Given the open testing format, make-up exams will be provided only in the
following circumstances:
 a student is required to miss the entire scheduled test period due to
mandatory participation in an authorized UCF co-curricular event, or

a student misses an exam due to a DOCUMENTED medical or family
emergency (I will determine whether the event qualifies as an
“emergency”).
HOMEWORK:
Homework assignments will be completed on-line through MyMathLab at:
http://www.mymathlab.com
To register, you will need the student access code (all upper-case) that came
with the text and a MyMathLab course ID which is provided below. If your text
didn’t come with a student access code, OR you prefer to use the online e-text,
you can purchase an access code when you register. Be sure you register for
“ECO 3401, Summer-A 2014.” Please use your NID as your username when
registering.
MyMathLab course ID: potter69183
If you are using financial aid to purchase a text book and/or register with
MyMathLab, you can request a 17-day grace period that will allow you full access
to MyMathLab while waiting on financial aid.
Homework Due Dates: You must submit your assignments by the “initial” duedates identified in MyMathLab to avoid a deduction. You will be able to continue
working on assignments past the initial due date, but any work submitted after
the initial due date will incur a 20% deduction. The absolute latest homework can
be submitted (the final due-date) is at midnight on the day the unit exam closes.
Example: The unit 1 exam closes on May 24. Therefore, the final due date for all
unit 1 homework is midnight, May 24.
Note*: Before you can submit any of the section homework assignments you
must earn a grade of 70 or better on the Algebra Review Homework.
3
PROCEDURAL POINTS:
Every student begins the semester with 10 out of 10 procedural points. These
points will be included in the point total. Points will be deducted when students
fail to follow prescribed procedures as described below:
 – 2 points: For sending me an e-mail regarding a class issue without using
the Webcourses e-mail tool.
 – 2 points: For posting a question or comment about YOUR INDIVIDUAL
GRADE on the Webcourses discussion board.
 – 2 points for posting a non-class related topic on the discussion board
 – 2 (or more) points for disrespectful or malicious replies to other students’
postings.
 Other point deductions may be included as needed.
Point Summary:
Exam 1
Exam 2
Final Exam
On-line Homework
Procedural Points
Total
100
100
100
100
10
410
The following grading scale will be used to determine final grades:
Point Total
89.5% and above
79.5% – 89.49%
Grade
A
B
Point Total
69.5% – 79.49%
59.5% – 69.49%
Grade
C
D
Tentative Course Schedule*:
Week 1: Introduction and Sections 1.2, 2.2, 2.3, 2.4, 2.5
Week 2: Sections 10.2, 10.4, 10.5, 5.1, 5.2, 5.3
Exam 1 (05/22 – 05/24)
Week 3: Sections 11.1, 11.3, 11.4, 12.1, 12.2, 12.3, 12.4, 12.5, 13.1, 13.2, 13.3,
Week 4: Sections 14.1, 14.3, 17.1, 17.2, 15.1
Week 5: Sections 15.3, 15.4
Exam 2 (06/10 – 06/12)
Unit 3 Sections 7.3, 7.4, 7.5, 7.6, 8.1, 8.2, 8.4, 8.5, Supplemental
material (Intro. to Statistics, Summarizing & Graphing Data)
Week 6: Sections 9.1, 9.2, 9.3 Review and
Exam 3 (06/19 – 06/20)
4
*The
date and coverage of the lectures exams are tentative. Adjustments, if any,
will be announced in class and through the Webcourses discussion board.
Webcourses:
Each student in this class is provided with a Webcourses account. You will need
your Network ID (NID) and NID password to log in to Webcourses. To learn your
NID go to MyUCF at http://my.ucf.edu.
I strongly encourage each of you to use the Webcourses discussion tool to post
questions and discussions as needed throughout the semester. Please do not
post questions about your individual performance on the discussion board.
Questions concerning these topics should be sent to me using the Webcourses2
e-mail tool. As explained above, a 2-point deduction may result if you violate this
request.
Webcourses can be accessed by going to MyUCF at https://my.ucf.edu and
selecting the On Line Course Tools tab.
PowerPoint:
The power-point slides used in this class will be available from the Webcourses
content page. Please print them before viewing the lecture.
General Guidelines:
This class will follow a lecture format.
Calculator: Most scientific calculators are sufficient for this class. However, you
should check to make sure that your calculator can perform the following
functions: x !, ln, log, e x , y x , x y , n Cr , n Pr
Academic Honesty
Plagiarism and cheating of any kind on an examination, quiz, or assignment will
result at least in an "F" for that assignment (and may, depending on the severity
of the case, lead to an "F" for the entire course) and may be subject to
appropriate referral to the Office of Student Conduct for further action. See
the UCF Golden Rule for further information (http://goldenrule.sdes.ucf.edu/ ). I
will assume for this course that you will adhere to the academic creed of this
University and will maintain the highest standards of academic integrity. In other
words, don't cheat by giving answers to others or taking them from anyone else. I
will also adhere to the highest standards of academic integrity, so please do not
ask me to change (or expect me to change) your grade illegitimately or to bend
or break rules for one person that will not apply to everyone.
5
Students with Disabilities
The University of Central Florida is committed to providing reasonable
accommodations for all persons with disabilities. This syllabus is available in
alternate formats upon request. Students with disabilities who need
accommodations in this course must contact the professor at the beginning of the
semester to discuss needed accommodations. No accommodations will be
provided until the student has met with the professor to request
accommodations. Students who need accommodations must be registered
with Student Disability Services (http://sds.sdes.ucf.edu/ ), Student Resource
Center Room 132, phone (407) 823-2371, TTY/TDD only phone (407) 823-2116,
before requesting accommodations from the professor.
Important Summer A-term, 2014 Academic Dates and Deadlines

May 12: Classes begin

May 15: Drop/swap deadline.

May 16: Add deadline

May 23: Payment deadline

June 5: Withdrawal deadline.

June 26: Grades available through MyUCF.
Holidays:
 May 26: Memorial Day (no classes)
Please feel free to contact me regarding any questions or concerns you have
about the class. Good luck and I hope you enjoy the semester.
B. Potter
6