Principles of Microeconomics
3 Credit Hours
ECO2023, Section # 1667
Online Instruction
0625: Fall 2023
This syllabus is subject to change during the semester in the event of extenuating circumstances.
View How to Be a Successful Student which provides details about success factors and links to the most current version of fluid information, such as the academic calendar.
Welcome to ECO 2023 Principles of Microeconomics! I look forward to introducing you to the exciting world of economics and engaging you in the coursework and discussions. I encourage you to browse the site and become familiar with it. Please read the syllabus thoroughly and email me if you have any questions.
Name: Gezime Christian
Email: christian.gezime@spcollege.edu
Phone: n/a
Office and Online Chat Hours: n/a
Office Location: n/a
Instructor Web Page: https://web.spcollege.edu/instructors/id/christian.gezime
Mrs. Christian is a former student of St. Petersburg College through the Early College Program where she was actively involved in SGA, served as President of Phi Theta Kappa, and was awarded Student of the Year in 2009. Mrs. Christian transferred to The University of Tampa for her Bachelor’s degree which she obtained in both Business Economics and Mathematics in 2012 and was awarded Outstanding Student in Economics. Subsequently, she studied at Yale University where she earned her Master’s degree in International and Development Economics in 2013.
While living and working full-time in Washington, D.C., she has been teaching part-time as an Adjunct Faculty for St. Petersburg College since 2013. Most recently, she worked at The White House Office of Management and Budget where she was awarded a Presidential Management Fellowship and served as a Program Examiner during both the Obama and Trump administration. Previously, she was an Analyst at the U.S. Export-Import Bank, which followed her role as a Consultant at The World Bank.
Name: Dr. Joseph Smiley
Office Location: Tarpon Springs Campus - PS 105
Office Phone Number: (727) 712-5851
Email: Smiley.Joseph@SPCollege.edu
Name: Dr. Douglas Rivero
Office Location: Seminole Campus, UP - 337-A
Office Phone Number: (727) 394-6948
Email: Rivero.Douglas@spcollege.edu
This course is a study involving the theory of the business firm in the market economy. Major emphasis will be placed on the theory of price and output determination under different market situations, as well as consumer demand and behavior in market economies. This course partially satisfies the writing requirements outlined in the General Education Requirements. Credit is not given for both ECO2023 and ECO2023H.
See: http://www.curricunet.com/stpetersburg/reports/course_outline_pdf.cfm?courses_id=8278
1. The student will explain the basic theories of microeconomics by:
a. Defining economic terminology.
b. Labeling important components of graphs.
c. Solving mathematical problems using basic microeconomic formulas.
2. The student will outline how the market economy operates by:
a. Defining the relationship between demand and utility.
b. Explaining the relationship between supply, production and cost.
c. Illustrating changes in equilibrium price and output under given market situations
d. Calculating important measures such as average variable cost, average fixed cost, average total cost, and marginal cost.
3. The student will explain how price and output is determined in the product markets by:
a. Calculating the most profitable level of output and employment given revenue and cost information.
b. Graphing the most profitable level of output.
4. The student will describe markets for factors of production by:
a. Graphing the most profitable level of employment.
b. Explaining changes in employment, prices and incomes under certain market conditions such as changes in international trade or finance.
c. Determining price and quantity in capital, land, and natural resource markets.
5. The student will distinguish different types of markets such as perfect competition, monopoly, monopolistic competition and oligopoly by:
a. Defining various markets types.
b. Explaining how firms in different types of markets determine output and price in the short run and long run.
c. Predicting the theoretical outcome of changes in various markets.
ECO2013 or ECO2013H or Permission of the Program
All content and assignments for this course are available at the start of the term. You are welcomed to work ahead, but please note that there are deadlines for assignments - see Course Calendar for specifics.
Required Textbook:
Title: Foundations of Economics
Author: Bade & Parkin
Edition: 9th Edition
Publisher: Pearson Learning Solutions
Format: Loose-leaf colored textbook + eTextbook access + MyEconLab access: ISBN-13: 9780136714750 (Only sold at the SPC Bookstore)
This course is part of the First Day Inclusive Access Program. First Day is a partnership between Barnes & Noble College, SPC and the Publisher to bring your course materials to you through MyCourses at the lowest price in the marketplace, on the first day of class.
You have the option to opt out of the program within the first week of class if you want to purchase your materials elsewhere. Opting out of the program is likely to cause you to pay a higher rate.
SPC will bill your student account at the discounted price after the opt-out deadline passes.
If you are using a 3rd party vendor for your course materials and are Chapter 31, Vocational Rehabilitation, Dual Enrollment, etc. we will bill the 3rd party vendor for you.”
*Please note that for the Pearson MyLab & Mastering, you must activate your enrollment in your courseware section [with your username/password or by creating a new Pearson account] within the first week of class. Failure to complete this step may result in hitting a “paywall” in the future – even though you remained in the First Day Program.
Customer Care Contact Information
Phone assistance is available Monday – Friday, 9am to 9pm (Eastern Time)
Questions? Contact your SPC Bookstore First Day Team Tiffany Harrison sm8047@bncollege.com
View the Accessibility Services site.
View the Academic Support and Student Success site.
View the On Campus Academic Support site.
View the Online Academic Support site.
View the Student Services site.
See Course Calendar for assignment due dates.
Course Dates: 9/11/2023 - 12/7/2023
Drop Date: 9/15/2023
Withdrawal Date: 11/6/2023
Financial Aid Dates: Please reference the following website: https://www.spcollege.edu/financial-aid/financial-aid-dates
View the college-wide attendance policy included in How to Be a Successful Student.
Attendance for this class is recorded for the first and second weeks of the term, and again at the 60% point of the semester.
To be considered "present" the first week of class, you must complete at least one assignment. To be considered "present" the second week of class, you must have completed all the assignments for the first chapter - homework and quiz. To be considered "present" at the 60% point of the semester you must have completed the first two units, including homework, quizzes, and exams.
Grades will be assigned based on a student's performance. The following table shows the types of assignments and estimates the points per assignment, number of assignments, and total points per type of assignment in which this performance is assessed:
|
Type of Assignment |
Points per Assignment |
Number of Assignments |
Total Points per Type of Assignment |
|
Homework Assignments |
10 |
16 |
160 |
|
Chapter Quizzes |
10 |
16 |
160 |
|
Unit Discussions |
10 |
4 |
40 |
|
Unit Exams |
50 |
4 |
200 |
|
Communication Project Paper or Video (in MyCourses) |
50 |
1 |
50 |
|
Extra Credit (in MyCourses) |
Up to 20 points |
||
|
|
Total Points Possible |
610 |
How to check your Grades and review feedback in MyCourses:
A = 90-100% (Above 549 Points)
B = 80-89% (488 to 548 Points)
C = 70-79% (427 to 487 Points)
D = 60-69% (366 to 426 Points)
F = 0-59% (Below 366 Points)
All homework, quizzes, and exams are conducted online. Note: See Course Calendar for due dates.
Homework Assignments and Chapter Quizzes (in MyEconLab)
Students will be required to register on MyEconLab, and complete assigned Homework Assignments and Chapter Quizzes. These will be 10 problems each. Each problem is worth 1 point. The points from MyEconLab assignments will be added to the total points on MyCourses.
Unit Discussions (in MyCourses)
Students will be required to participate in Unit Discussions on selected topics in MyCourses. Discussions will be closed after the due date.
Unit Exams (in MyEconLab)
Students will be required to take four (4) objective (multiple choice) Unit Exams with 50 questions covering four chapters comprising each unit. Unit Exams will be conducted in MyEconLab. Unit Exams are timed, so if you take a break, your exam time will continue to expire just as it would in an exam you were taking in class. Each exam problem is worth 1 point. The points from MyEconLab assignments will be added to the total points on MyCourses.
Communication Project
Students have a choice of two methods to communicate their academic findings:
1. Paper - The first choice is a traditional paper in MLA or APA format. Students who write papers will submit the paper to a Dropbox.
2. Video - An acceptable alternative is a YouTube video. Students who create videos will share the video in a Discussion.
Late Communication Projects will absolutely not be accepted under any circumstances.
Extra Credit
A student may earn extra credit for participating in Discussion "over and beyond" the stated requirements (1 post, 2 replies). Extra Credit may be earned for attending department-sponsored events or volunteer work. Extra Credit opportunities will be announced throughout the term. To earn Extra Credit you must submit a summary to the Extra Credit Discussion.
Students should expect to hear back from the instructor within 48 hours. Feedback on assignments will be available within one week after the due date.
Participation is determined by completing assignments on time and contributing substantially to the Discussion. If your participation stops, you will still be awarded a final grade.
SPC has outlined expectations for student behavior and interaction for online discussions, email, and other forms of communication. View the Student Expectations in How to Be a Successful Student.
View the Academic Honesty Policy.
Copyrighted material within this course, or posted on this course website, is used in compliance with United States Copyright Law. Under that law you may use the material for educational purposes related to the learning outcomes of this course. You may not further download, copy, alter, or distribute the material unless in accordance with copyright law or with permission of the copyright holder. For more information on copyright visit: Copyright.gov.
The instructor of this course may require use of Turnitin.com as a tool to promote learning. The tool flags similarity and mechanical issues in written work that merit review. Use of the service enables students and faculty to identify areas that can be strengthened through improved paraphrasing, integration of sources, or proper citation. Submitted papers remain as source documents in the Turnitin database solely for the purpose of detecting originality. Students retain full copyright to their works. Review the Turnitin Usage Agreement. Students who do not wish to submit work through Turnitin must notify their instructor via course email within the first seven days of the course. In lieu of Turnitin use, faculty may require a student to submit copies of sources, preliminary drafts, a research journal, or an annotated bibliography.
View the Reviewing a TurnItIn/Originality Report tutorial.
The Student Survey of Instruction is administered in courses each semester. It is designed to improve the quality of instruction at St. Petersburg College. All student responses are confidential and anonymous and will be used solely for the purpose of performance improvement.
View the Technical Requirements for MyCourses.
SPC offers Microsoft Office software to current students at no additional cost. The software is available for both Windows and Mac computers. View the How to Download Microsoft Office 2016 tutorial.
Students should know how to navigate the course and use the course tools. Dropbox-style assignments may require attachments in either Microsoft Word (.doc or .docx) or Rich Text Format (.rtf), so that they can be properly evaluated. If an attachment cannot be opened by the instructor, students will be required to re-format and re-submit an assignment so that it can be evaluated and returned with feedback.
MyCourses tutorials are available to students new to this LMS and are located at the beginning of the course. Most features on MyCourses are accessible on mobile devices, although it is recommended that you use a computer for quizzes, tests, and essay assignments.
For MyCourses or other general computer support, contact SPC's Technical Support Desk Call Center.
For assistance with MyEconLab, contact Pearson Technical Support.
The St. Petersburg College website at www.spcollege.edu is the official source of college information regarding the status of the institution. Other important information will be communicated via SPC Alert, local media outlets, and the college toll-free phone number 866-822-3978. All decisions concerning the discontinuation of college functions, cancellation of classes, or cessation of operations rest with the President or his/her designee. The College realizes that it is possible for a significant natural disaster to compromise SPC campus facilities sufficiently to disrupt the delivery of classes on campus/campuses for an extended period of time, and is planning ways our operations can continue following such an emergency.
So, in the event that a hurricane or other natural disaster causes significant damage to St. Petersburg College facilities, you may be provided the opportunity to complete your course work online. Following the event, please visit the college website for an announcement of the College's plan to resume operations.
Further, in the event of such a disaster, the instructor will continue using the Learning Management System (LMS) of MyCourses for continuation of all required learning and instructional activities in this course, including the issuing of graded online assignments and expectation of student completion of those graded assignments.
Therefore, in order to keep up with all activities in this course during and after a natural disaster, please plan to continue this course by maintaining online access to MyCourses in lieu of meeting in a classroom - possibly through duration of the course's regularly scheduled end date. We will finish this course in MyCourses, as directed by your instructor online, and your instructor will use all graded assignments - both online and formerly on-campus - to assess and issue your final letter grade for this course, as normally planned, despite occurrence of the natural disaster.
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