11:00a - 12:20p
The main objective of the course is to provide the student with an understanding of
economics as a part of everyday life and introduce some basic microeconomic concepts to
help him/her better understand the economy of the United States and the world.
General Learning Goal:
1. Problem solving and decision-making abilities through critical analysis, evaluation,
and interpretation of business information.
The students will demonstrate their abilities in problem solving and decision-making
by applying microeconomic concepts to the problem section of homework and exams.
2. An understanding of the influence of global and multicultural issues on business
The students will gain the basic understanding of international trade and related issues by
working on homework and solving problems in the homework and the examinations
related to the topic.
These general learning goals are among those established by the Dillard College of
Business Administration. General learning goals represent the skills that graduates will
carry with them into their careers. While assessing student performance in obtaining
these general learning goals, the College hopes to assess its programs. The assessments
will assist us as we improve our curriculum and curriculum delivery.
Course Specific Learning Goals:
• Understand the demand and supply model
• Understand production and costs
• Understand pricing and production under competition and monopoly
• Gain basic knowledge of international trade
• Understand Oligopoly
Grades will be determined on the basis of the total points earned on three exams, including the final, and a series of homework. Letter grades will be given, with only minor adjustments, according to the following scale:
Examination #1 100 points
Examination #2 100 points
Homework 100 points
Final Examination 200 points
Total 500 points
A 450 - 500 points D 300 - 349 points
B 400 - 449 points F below 300 points
C 350 - 399 points
The examination will cover the assigned chapters, in-class lectures, and any other assigned
readings. Students are responsible for all assigned textbook material, even if it is not
directly discussed in class.
Keep all the exams and quizzes until the end of the semester to verify any discrepancy in records. If you happen to be absent on the day the quizzes or exams are returned in the class, you must come to my office to pick them up.
Students are expected to attend all class meetings for this course, following the university attendance policy. (See Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 1, 2008-2010, p. 90). Each meeting of the class will run as scheduled. So as not to disturb the class, you are not to walk in and out of the classroom during the class hour except for an emergency. The students who fail to meet any of these policies may be dropped from the class with a grade of “F” by the instructor.
If a student misses a regularly scheduled exam, the student must immediately notify the instructor of his/her intention to schedule a make-up exam. There is no other recourse available for a missed exam in the class. The exam dates are tentative and subject to change. Homework and assigned problems at the end of each relevant chapter listed provide the basis for examinations.
WebCT as a Course Supplement
WebCT will be used as a supplement. I will use WebCT to facilitate the distribution of the syllabus, class schedule, problem assignments, and various demonstration problems. In addition, all grades will be posted on WebCT to insure student privacy.
With regard to academic honesty, students are referred to the “Student Honor Creed” on pp. 22-23 of Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 1, 2008-2010.
Americans with Disability Act:
This class follows the guidelines suggested by the Center for Counseling and Disabilities Services for those students who qualify for disability services. See Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 1, 2008-1020, pp. 26-27.
Dillard Building Classroom Policy:
• No food or drink is allowed in the classroom.
• Keep cell phones dormant in the classroom.
Syllabus Change Policy:
This syllabus is a guide for the course and is subject to change.