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ECON 2200 (formerly ECON 2020) Syllabus

Course Syllabus

ECON 2200 (formerly ECON 2020) - Microeconomics

3 Credit Hours

Course Information

Course Description:

This course is a study of basic economic concepts and microeconomics. Topics covered include consumer and firm behavior, economic growth, market structures, price and output determination, labor and unions, international trade and finance.

Course Outcomes:

Upon successful completion of this course, students will be able to:

  • Recognize and explain the significance of economics and as an academic discipline and how it relates to the social interactions between individuals, institutions, structures and processes in a diverse society. 
  • Analyze and communicate the methodology, values and processes that are used to formulate general economic theories regarding the social context of individual and institutional behavior.
  • Appraise the relationship and behavioral interaction between the different economic players and the impact that interaction has on social development and the quality of life for individuals, and families and communities.
  • Express an understanding of fundamental economic concepts associated with recognizing and appreciating the cultural diversity of the society in which they live and how those concepts are influenced and impacted by a global culture.
  • Define and discuss different economic systems existing in the world and how those systems interact and affect the political, economical, cultural and social behavior of the different societies.
  • Discuss the microeconomic relationships existing between individuals, households, businesses and government institutions, and the impact those relationships have on personal and social behavior.
  • Analyze the microeconomic ramifications and impact of marketplace activities on the social behavior of individuals, households, businesses and government.
  • Critically analyze the microeconomic functions of government and the impact it has on personal behavior, social development and the general quality of life for all persons.
  • Recognize and describe basic microeconomic theory and pursuant policy making processes that help to formulate personal and institutional views and opinions concerning existing and/or proposed national and international social and behavioral state of affairs.
Prerequisites & Co-requisites:

None

Course Topics:
  • Module 1: Economic Thinking 
  • Module 2: Supply and Demand 
  • Module 3: Applications of Supply and Demand
  • Module 4: Elasticity
  • Module 5: Utility
  • Module 6: Labor Markets
  • Module 7: Production and Costs
  • Module 8: Perfect Competition
  • Module 9: Monopoly
  • Module 10: Monopolistic Competition and Oligopoly
  • Module 11: Income Distribution
  • Module 12: Globalization and Trade
  • Module 13: Exchange Rates and International Finance
Specific Course Requirements:

Students should be familiar using the internet.

Textbooks, Supplementary Materials, Hardware and Software Requirements

Required Textbooks:

Please visit the Virtual Bookstore to obtain textbook information for this course. Move your cursor over the "Books" link in the navigation bar and select "Textbooks & Course Materials." Select your Program, Term, Department, and Course; then select "Submit."

Supplementary Materials:

There are no required supplementary materials for this course. 

Hardware and Software Requirements:

Minimum hardware requirements can be found here.

Minimum software requirements can be found here.

Common applications you might need:

Web Resources:

Purdue OWL Online Writing Lab (for APA, MLA, or Chicago style)

The Writing Center Online Writer's Handbook

Student Resources:
  • Technical support information can be found on the TN eCampus Help Desk page.
  • Smarthinking virtual tutoring is available FREE of charge. to access Smarthinking, visit the course homepage and select Smarthinking under Course Resources. You also view sample sessions to see what Smarthinking offers and how it works.
  • Information on other student issues or concerns can be located on the TN eCampus Student Resources page.

Instructor Information

Please see "Instructor Information" in the Getting Started Module for instructor contact information, virtual office hours, and other communication information. You can expect to receive a response from the instructor within 24-48 hours unless notified of extenuating circumstances.

Participation, Assessments, & Grading

Testing Procedures:

The following performance assessments will be used to allow the students to demonstrate their understanding, knowledge, and skills of the course material:

  • 12 Chapter homework assignments. The average of the 11 highest counts as 20% of your final grade.
  • 13 Chapter quizzes. The average of the 12 highest counts as 45% of your final grade. You will be allowed 2 attempts on each quiz, keeping the highest score.
  • The discussion will count as 5% of your final grade. 1 Class Discussion (95% of 5%) and 1 Class Introduction (5% of 5%).
  • A midterm examination. The midterm exam will count as 15% of your final grade.
  • A final examination. The final exam will count as 15 % of your final exam
Grading Procedures:

Letter grades for this course will be assigned based on the following information. Each individual Exam, Quiz, Assessment, and Discussion will be graded on the basis of 100 points. Your grade for the term is determined based on the average score for each grade area.

 

Grading Scale:
GradeAverage
A90-100
B80-89
C70-79
D60-69
F0-59

 

AssessmentPercentage
Chapter Assignments20%
Chapter Quizzes45%
Class Discussions5%
Midterm Exam15%
Final Exam15%

 

Assignments and Projects:

Exams

Mid-Term Exam Modules 1-6; Final Exam Modules 7-13

Note: Make-up exams may be taken only by permission of the instructor, which must be received prior to the originally scheduled exam time.

There are two exams for the course: a mid-term and a final. Each exam will consist of 50 questions worth two points each, for a total of 100 possible points per exam. Each exam is a “timed exam” and is administered online. Students will have 80 minutes to complete an exam with a five minute grace period. The mid-term exam will cover the course content contained in Modules 1 - 6, and the final exam will cover the Module content contained in Modules 7 - 13.  (Note:  If for some reason the course management system software allows more than one attempt on an exam, only the first attempt will be used to calculate final grades.) Special Note: It is the student's responsibility to ensure that an exam is submitted within the 100-minute time limit.  Any exam submitted late will be re-graded as a zero, i.e., students will receive a zero for any exam submitted late. Course exams may be accessed under Quizzes or in Course Contents.

Module Quizzes

There are 13 multiple choice Module quizzes for the course—one quiz for each module covered. Each quiz is worth 100 points graded on a percentage basis with the number of questions varying from module to module. The average of the best 12 are averaged and account for 45% of your final grade. Quizzes are not timed and administered on-line, and you will be allowed two attempts per module quiz presuming they are completed by the corresponding Semester Schedule date. (Note: If for some reason the course management system software allows more than two attempts on a quiz, only the first two attempts will be used to calculate final grades.) Any quiz submitted late will be graded as a zero, i.e., students will receive a zero for any quiz submitted late. Module quizzes may be accessed under Course Contents in each Module .

Written Assignments

There are 12 different graded assignments that will be required as part of the course.  Each assignment will be worth 100 points. The average of the 11 highest assignments account for 20% of your grade. The assignments will vary in scope and complexity, but all pertain to the issues and applications of the economic material presented. The assignments will involve answering specific questions pertaining to some real-world condition/situation.  There are no time restrictions for the written assignments.  Once you open and start work on an assignment, you will have as much time as you wish to complete the assignment; however, you will only be allowed one attempt for each assignment and each has a specific due date.  Assignments are accessed and submitted using the course in Course Content.  Instructions for submitting assignments are provided in each assignment. Written assignments submitted late will not be accepted.

Discussions

There are two (2) discussions that require your participation. Each discussion is graded as a percentage of 100 points. The discussion will count as 10% of your grade. The Class Introduction counts as 5% of the total 5% discussion grade, while the one Class Discussion counts as 95% of the total 5% of the discussion grade. Look for the graded discussion linked within in corresponding module. See the instructions for specific requirements. Once you have posted your answer to the prompt, you may respond to your class-mates posts. The grade for each discussion other than the introduction is based primarily on your ability to apply economic principles appropriately, including the correct terminology in order to achieve a correct response and to a lesser extent on your organization, grammar, punctuation, etc.

 

Class Participation:

Each student is expected to participate regularly in class discussions by posting questions about the course material and posting answers to questions posted by the instructor and other students

Questions about the course material in the "Questions on Course/ Course Material" forum of Discussions. Other students may have the same question, and other students may have the answer or solution. Students should help each other and should not wait for the instructor to answer a student's question. Because of the nature of an online class, the discussion board and email will be the primary means of discussion and/or communications. Students are expected to regularly read their email and all discussion board postings. This includes not only the instructor's emails/postings, but also fellow students' emails/postings, and respond appropriately throughout the course.

Private messages to the instructor or to other students should be sent through "Email."  Do not post private messages in Discussions.

Late Policy:

Please be sure to check the events calendar, news section, emails, and discussion board daily. The Semester Schedule will provide a required timeline that may be followed to ensure that all course work is completed in a timely fashion. Late work is not accepted without approval "prior" to the due date.

Course Ground Rules

The following two statements (1., 2.) were derived from the TBR System-wide Student Rules document, released January 2012:

RULES OF THE TENNESSEE BOARD OF REGENTS STATE UNIVERSITY AND COMMUNITY COLLEGE SYSTEM OF TENNESSEE SYSTEMWIDE STUDENT RULES CHAPTER 0240-02-03 STUDENT CONDUCT AND DISCIPLINARY SANCTIONS

Read the document in its entirety here.

1. Standards of Conduct:

  • Students are required to adhere to the same professional, legal and ethical standards of conduct online as on campus. In addition, students should conform to generally accepted standards of "netiquette" while sending e-mail, posting comments to the discussion board, and while participating in other means of communicating online. Specifically, students should refrain from inappropriate and/or offensive language, comments and actions.

2. Review the TN eCampus Academic Integrity/Academic Honesty Policy:

  • In their academic activities, students are expected to maintain high standards of honesty and integrity. Academic dishonesty is prohibited.

Such conduct includes, but is not limited to:

  • an attempt by one or more students to use unauthorized information in the taking of an exam
  • to submit as one's own work, themes, reports, drawings, laboratory notes, computer programs, or other products prepared by another person,
  • or to knowingly assist another student in obtaining or using unauthorized materials.

Plagiarism, cheating, and other forms of academic dishonesty are prohibited.

Students guilty of academic misconduct, either directly or indirectly through participation or assistance, are subject to disciplinary action through the regular procedures of the student’s home institution.  Refer to the student handbook provided by your home institution to review the student conduct policy.

In addition to other possible disciplinary sanctions that may be imposed, the instructor has the authority to assign an "F" or zero for an activity or to assign an "F" for the course.

Other Course Rules:

Students are expected to:

  • Participate in all aspects of the course
  • Communicate with other students
  • Learn how to navigate in Brightspace
  • Keep abreast of course announcements
  • Use the assigned course management (Brightspace) email address rather than a personal email address
  • Address technical problems immediately:
  • Observe course netiquette at all times.

Guidelines for Communications

Email:

  • Always include a subject line.
  • Remember without facial expressions some comments may be taken the wrong way. Be careful in wording your emails. Use of emoticons might be helpful in some cases.
  • Use standard fonts.
  • Do not send large attachments without permission.
  • Special formatting such as centering, audio messages, tables, html, etc. should be avoided unless necessary to complete an assignment or other communication.
  • Respect the privacy of other class members

Discussions:

  • Review the discussion threads thoroughly before entering the discussion. Be a lurker then a discussant.
  • Try to maintain threads by using the "Reply" button rather starting a new topic.
  • Do not make insulting or inflammatory statements to other members of the discussion group. Be respectful of other’s ideas.
  • Be patient and read the comments of other group members thoroughly before entering your remarks.
  • Be cooperative with group leaders in completing assigned tasks.
  • Be positive and constructive in group discussions.
  • Respond in a thoughtful and timely manner.

Library

The Tennessee Virtual Library is available to all students enrolled in TN eCampus programs and courses. Links to library materials (such as electronic journals, databases, interlibrary loans, digital reserves, dictionaries, encyclopedias, maps, and librarian support) and Internet resources needed by learners to complete online assignments and as background reading will be included within the course modules. To access the Virtual Library, go to the course homepage and select the Virtual Library link under Course Resources.

Students with Disabilities

Qualified students with disabilities will be provided reasonable and necessary academic accommodations if determined eligible by the appropriate disability services staff at their home institution. Prior to granting disability accommodations in this course, the instructor must receive written verification of a student's eligibility for specific accommodations from the disability services staff at the home institution. It is the student's responsibility to initiate contact with their home institution's disability services staff and to follow the established procedures for having the accommodation notice sent to the instructor.

Syllabus Changes

The instructor reserves the right to make changes as necessary to this syllabus. If changes are necessitated during the term of the course, the instructor will immediately notify students of such changes both by individual email communication and posting both notification and nature of change(s) on the course bulletin board.

Disclaimer

The information contained in this syllabus is for general information purposes only. While we endeavor to keep this information up-to-date and accurate, there may be some discrepancies between this syllabus and the one found in your online course. The syllabus of record is the one found in your online course. Please make sure you read the syllabus in your course at the beginning of the semester. Questions regarding course content should be directed to your instructor.


Last Revised on August 2, 2021