Principles of Economics II
Microeconomics
Spring

15 Module Suggested Calendar

**(Need to Know menu)**

Sample Cover

Textbook
(Study Guide is
similarly colored) Supplementary Text

Six Initial Steps for Success
Introduction (for first-time distant-learners)

Table of Links to 15 Modules of Instruction

A dozen things to get you started

1. Each module is one week's worth of instructional activity.
2. Each module gives you the chapter title you are assigned to read in your textbook.
3. Each chapter begins with a Chapter Checklist of measurable learning outcomes.
4. Each module has two lesson plans.
5. Each lesson plan contains self-directed homework you should complete in your study guide.
6. All answers to practice problems and to self-tests are found in your text and your study guide.
7. Three Exams measure your mastery of learning outcomes, and in total are worth 600 points.
8. Four Issue-Papers help you see economic facts/concepts in the world.
In total, the four issue-papers are worth 400 points.

9. Grading Policy
     900 points is an A.
     800 points is a B.
     700 points is a C.
     600 points is a D.

10. Bonus points exist.
Pre-test the week's measurable learning outcomes on Sundays before your read and study.
Post-test the same measure learning outcomes on Saturdays after you've read/done homework.

11. Use The Economics of Public Issues and my How-to-Prepare link in the syllabus to write your issue-papers.
Turn in an issue-paper with each exam.
Complete the 4th issue-paper before the course deadline.

12. Final Exam
There is no final exam!

First Block of Study

The Basic Tool: Elasticity
& Three Basic Theories: Efficiency, Government, and Externalities

Module 1

Module 2

Module 3

Module 4

Module 5
First Exam

Second Block of Study

How Firms Maximize Profits in Different Market Environments

Module 6

Module 7

Module 8

Module 9

Module 10
Second Exam

Third Block of Study

Regulation of Industry and
Equitable Returns for Labor, Land, and Capital

Module 11

Module 12

Module 13

Module 14

Module 15
Third Exam
Final Essay

PHCC Links

Course Homepage (Micro)	15-Module Calendar Spring Summer Fall	Instructor Homepage
BlackBoard5	BlackBoard6	Economic Hotlinks
MyEconLab	Which econ course for me? Career Planning Hotlinks Careers in Economics	Finance Hotlinks

One Dozen (or so) Bookmarks
(to items on this webpage)

1. Introduction (for first-time distant-learners)

2. Introduction (How to use the Syllabus and 15-Module Calendar)

3. Table of Links to 15 Modules of Instruction and PHCC Links

4. Spring Semester Course
and How It's Graded

5. How to Request a Proctor

6. Link to Projects #1, #2, #3, and #4

7. How to Send Me Your Request for Financial Aid Verification

8. Table Explaining How to Use the 4 Columns of Information in the 15-Module Calendar

9. First Block of Study

10. Second Block of Study

11. Third Block of Study

12. What's happening in Macroeconomics?

Spring Semester Course and How It's Graded

Spring Semester Course consists of 15 academic weeks and a 16th Exam Week.
Each week is we study a new Module of Instruction.

Part One:	Weeks 1 and 2 and 3 and 4 and 5 (Modules 1 through 5)	Take Exam #1 (200 points) during Module 5
Part Two:	Weeks 6 and 7 and 8 and 9 and 10 (Modules 6 through 10)	Take Exam #2 (200 points) during Module 10

(Expect a Spring Break Holiday and a New Horizons Conference during which I will not be holding class.)

Part Three:

Weeks 11 and 12 and 13 and 14 and 15

Take Exam #3
(200 points)
during Module 15

Where to take your exams:

Exams may be taken in the scheduled classroom.
Distance Learners take their exam at the Learning Resource Center (LRC) where they are on file under your name after course registration ceases. In the 15-Module Calendar below Exams #1, #2, and #3 are called to your attention by this symbol:

How to request a proctor:
If you complete a proctor form, the LRC staff will send your exams to the proctored location you request. Contact Carol Ford, cford@ph.vccs.edu for instructions on how to request a proctor.

How many points are in this course.

Exam #1	200
Exam #2	200
Exam #3	200
Project #1	100
Project #2	100
Project #3	100
Project #4	100
Total	1,000

How grades are determined:

A	>900 points
B	800-899 points
C	700-799 points
D	600-699 points
F	<600 points

Penalty for late work:

24 hours	20%
48 hours	40%
72 hours	80%
>72 hours	no grade

How to Request a Proctor

If you complete a proctor request form, the Learning Resource Center (LRC) staff will send your exams to the proctored location you request.

Contact Carol Ford, cford@ph.vccs.edu for instructions on how to request a proctor.

Link to Projects #1, #2, #3 and #4
(Project 4 is the final exam.)

Projects #1, #2, #3, and #4 each earn you up to 100 electronic participation points.
(That's 400 of the 1000 points possible Principles of Economics II.)

You don't need to wait to begin the projects.

Projects #1, #2, and #3 are based upon The Economics of Public Issues.

Project #1 is a report on Part 4- Market Structures.
Project #2 is a report on Part 5 - Political Economy.
Project #3 is a report on Part 6 - Property Rights and the Environment.
Project 4 is an essay about methods used in taking Principles of Economics II at PHCC.

Project #1 is due during Module 5 Part 1.
Project #2 is due during Module 10 Part 1.
Project #3 is due during Module 15 Part 1.
Project #4 is your final exam and is due by the deadline at the bottom of the 15-Module Calendar.

Your Instructor is watching and waiting for your Project.
Send him an email when you've turned in your Project
so it can be promptly graded.

Click this bookmark to get started!

How To Send Me Your Request for Financial Aid Verification

Do you need financial aid verification?

If so, complete the material in this table and send it to me.

Address a single email to me AND to Financial Aid at PHCC AND yourself using these email addresses and your own separated by a semi-colon (;)

By including all four email addresses, when I use the "reply to all" command, you, me, and the financial aid officers will all receive a copy of my approval or disapproval.

To:	tmeyer@ph.vccs.edu njefferson@ph.vccs.edu pstultz@ph.vccs.edu your email address: ___________________
From:	your name: __________________________
Subject:	Request for Financial Aid Verification

Date sent: _______________

Dear Professor Meyer and Dear Staff at the Financial Aid Office,

1. In Principles of Economics II (Microeconomics), I have done the assigned reading in the 15-Module Calendar for each assigned chapter up to and including
Chapter # __________________ called " ____________________________________________."

2. Regarding my homework, I have completed my Study Guide for this chapter and preceding chapters, beginning with page"________" and ending with page "________"
on this date: "____________________."

3. I have taken the pre- and post-study bonus quizzes through Moudle # ___________________, and the results have been posted to BlackBoard. (See note.)

(Or specify what ever you have done to deserve your financial aid.) ___________________________________________________
___________________________________________________
___________________________________________________

Please process my request for financial aid. Thanks very much!

Sincerely,

Name: ________________________________

"Here's the evidence of my participation in
Principles of Economics II
Microeconomics)

(sample "exercise")

Note: Students on financial aid should take the bonus point quizzes to demonstrate continuing participation throughout the course.

Table Explaining How to Use the Four Columns
of Information in the 15-Module Calendar

Column 1
Assignment

Column 2
Timeline

Column 3
Daily Class Outlines

Column 4
Chapter Overview

In Column 1 you will find the module number (Module) and chapter title to a reading assignment. You should read the chapter and complete the corresponding material in your study guide.

There is a link to the course objectives (Course Objectives) from this module's assigned chapter. (These are called Chapter Checkpoints in your text and study guide.)

There may be links to PowerPoint slides
(PowerPoint) .

Click these links to examine the course objectives and the PowerPoint slides.

The dates during which you should complete each module are listed under the word "Timeline" in
Column 2.

Bonus Points!

You can take pre-study bonus quizzes on most course objectives before you read the text to determine how much you already know.

You can take post-study bonus quizzes after you complete the Lesson Plans and study guide to determine how much improvement your efforts made.

Timeline also contains a link and suggested starting points for completing Projects 1 through 4 using this book:

Sample Cover

The name of the chapter and links to two daily class outlines called "Part 1 and Part 2" are in Column 3 for each module.

Click these links to examine the daily class outlines.

Every lesson plan has bookmarks to:

Admin/Preview

Class activity;

Summary of Course Objectives

Homework
(Do your study guide!)

Column 4 contains a chapter overview.

First Block of Study

The Basic Tool: Elasticity
& Three Basic Theories:
Efficiency, Government, and Externalities

Assignment
&
Course Objectives

Timeline

Daily Class Outlines
&
PowerPoint Slides

Chapter Overview

Module 1

Assignment

Read & Study:

Chapter Title:
Elasticities of Demand
and Supply

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Elasticity ...
An Active Learning Game

Timeline

Students should keep up with the following timeline while visiting the links in this color.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	January 08, 2007
Lesson Plan Part II	January 10, 2007

Additional Help

If BlackBoard server fails:

(1) use Internet Explorer to link to the instructor home page:
http://www.ph.vccs.edu/eco

and
(2) then click on the homepage for Principles of Economics II.

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on
Elasticities
of Demand
and Supply

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

In this chapter you learn about price elasticity, that is,
(1) how to measure the responsiveness of quantity demanded and supplied to changes in price. Then you learn about:
(2) income elasticity; and
(3) cross elasticity.

Module 2

Assignment

Read & Study:

Chapter Title:
Efficiency and Fairness
of Markets

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

There is no class on the Holiday January 15th, 2007

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	January 17, 2007
Lesson Plan Part II	January 22, 2007

Additional Help

If you need a proctor request form, contact:
cford@ph.vccs.edu .

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

Read the PowerPoint Chapter Lecture link.

Lecture on
Efficiency
and Fairness
of Markets

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

This chapter answers two questions:
(1) Are equilibrium quantities and prices in markets for goods, services, and factors of production efficient?
(2) Do markets distribute goods, services, and factors of production fairly?

Module 3

Assignment

Read & Study:

Chapter Title:
Government Influences
on Markets

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	January 24, 2007
Lesson Plan Part II	January 29, 2007

Additional Help

If you need help with BlackBoard, contact:
mnelson@ph.vccs.edu .

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

Read the PowerPoint Chapter Lecture link.

Lecture
on
Government
Influences
on Markets

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Learn how government can affect markets through:
(1) taxes;
(2) rent ceilings; and
(3) minimum wage laws

Module 4

Assignment

Read & Study:

Chapter Title: Externalities

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	January 31, 2007
Lesson Plan Part II	February 05, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

Read the PowerPoint Chapter Lecture link.

Lecture on Externalities

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Learn how government corrects inefficient overproduction by:
(a) property rights
(b) pollution charges, and
(c) taxes.

Learn how government corrects inefficient underproduction by:
(d) public provision
(e) subsidies
(f) vouchers, and
(g) patents.

Module 5

Assignment

During Lesson Plan Part I:

Turn in Presentation #1 (or)
Issue Paper #1

and Review for Exam #1.

______________________

During Lesson Plan Part II:

Take Exam #1.

Prepare for Exam #1 by mastering these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	February 07, 2007
Lesson Plan Part II	February 12, 2007

Be a participant in Team Presentation #1

or

Turn in your 1st issue-paper and reports on issue-papers from two other students.

These requirements are described in

How to Prepare for Graded Micro Exams, Issue-Papers, and Presentations.

in the red Need-to-Know menu of the Syllabus and use this book:
Sample Cover

Daily Class Outlines

Lesson Plan
Part 1

Lesson Plan
Part 2

Review Session

followed by

Exam #1

Overview

Measure your progress.

Exam #1 has 33 true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #1 is worth 200 of 1000 possible course points.

Second Block of Study

How Firms Maximize Profits in Different Market Environments

Assignment
&
Course Objectives

Timeline

Daily Class Outlines
&
PowerPoint Slides

Chapter Overview

Module 6

Assignment

Read & Study:

Chapter Title: Production and Cost

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following
timeline, by visiting all
the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	February 14, 2007
Lesson Plan Part II	February 19, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture
on
Production
and Cost

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Size does not guarantee survival. So we discover the relation between how much we produce and what it costs to produce.

Material in this chapter in the next three modules, so learn it well!

Module 7

Assignment

Read & Study:

Chapter Title: Perfect Competition

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	February 21, 2007
Lesson Plan Part II	February 27, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Perfect Competition

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Discover the nuts and bolts about the hot rivalry in the nation's competitive market.

You'll see rational choice, balancing costs and benefits at the margin, and response to incentives at work.

Module 8

Assignment

Read & Study:

Chapter Title: Monopoly

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	February 28, 2007
Lesson Plan Part II	March 05, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Monopoly

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Electric power, the cable TV you subscribe to, perhaps your bookstore ... each may be a monopoly. Do single sellers take advantage of the consumer?

Learn whether monopolies are efficient and fair.

Module 9

Assignment

Read & Study:

Chapter Title: Monopolistic Competition

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	March 07, 2007
Lesson Plan Part II	March 19, 2007

Spring Break occurs
March 12 through March 16, 2007.
Class will not meet on campus.

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part I

Lesson Plan
Part II

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Monopolistic Competition and Oligopoly

(Slides 1 - 28
deal with Monopolistic Competition)

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Like to see a price war over airline tickets, or how about all the specials at all the grocery stores? These are the kinds of competition we might like to see everyday.

Learn about efficiency and fairness in everyday markets.

Module 10

Assignment

During Lesson Plan Part I, turn in:

Presentation #2 (or)
Issue Paper #2 and
Review for Exam #2.

______________________

During Lesson Plan Part II:

Take Exam #2.

Prepare for Exam #2 by mastering these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	March 21, 2007
Lesson Plan Part II	March 26, 2007

Be a participant in Team Presentation #2

or

Turn in your 2nd issue-paper and reports on issue-papers from two other students.

These requirements are described in

How to Prepare for Graded Micro Exams, Issue-Papers, and Presentations.

of the red Need-to-Know menu of the Syllabus and use this book:
Sample Cover

Daily Class Outlines

Lesson Plan
Part 1

Lesson Plan
Part 2

Review Session

followed by

Exam #2

Overview

Measure your progress.

Exam #2 has 33 true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #2 is worth 200 of 1000 possible course points.

Third Block of Study

Regulation and Equitable Returns for Labor, Land, and Capital

Assignment
&
Course Objectives

Timeline

Daily Class Outlines
&
PowerPoint Slides

Chapter Overview

Module 11

Assignment

Read & Study:

Chapter Title: Oligopoly

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	March 28, 2007
Lesson Plan Part II	April 02, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Monopolistic Competition and Oligopoly

(Slides 29 - 53 deal with Oligopoly)

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

In Module 11 we discover that in some industries, only a half-dozen or so firms create the predominance of all sales.

Oligopoly means "competition among the few."
When there are a limited number of competitors, each firm calculates the impact of pricing and output decisions taken by all its competitors. This produces unique results in the form of interdependency which could lead to higher prices, reduced levels of outputs, and higher profits relative to conditions of perfect competition. These results bring about a desire for regulation by government, the subject of Module 12.

Continuous Course Improvement Efforts

In addition to my Course Critiques attached to Exams #1, #2, and #3, PHCC provides distant learners and selective sections of in-class students with an opportunity to evaluate courses during this time frame.
(1) Distant learners: Distance learners should watch for the link provided by our webmaster. He generally publishes it as an announcement.
(2) In-class students: If I have chosen your section, I will bring the necessary entry code to in-class students.

Thanks for your suggestions and comments. They help me to continually improve Principles of Economics for future students!
- Tom Meyer

Module 12

Assignment

Read & Study:

Chapter Title: Regulation
and Antitrust Law

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	April 04, 2007
Lesson Plan Part II	April 09, 2007

Class will not meet when your instructor attends New Horizons Conference.

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Regulation and Antitrust

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Visit the Department of Justice and discover whether it should be interested in Microsoft.

Learn why diamonds and oil and baseball are cartels, and why only baseball is sanctioned in the U.S.

Continuous Course Improvement Efforts

Module 13

Assignment

Read & Study:

Chapter Title: Demand and Supply in Factor Markets

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Demand for Labor: Neoclassical Theory and Its Critics

A. What NeoClassical Economic Theory Is

B. Examples of Necoclassical Theory

C. Sample Problems

D. Criticisms of Neoclassical Theory

E. Summary

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	April 11, 2007
Lesson Plan Part II	April 16, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Demand and Supply in Factor Markets

(Optional)
Lecture on Earnings Differences

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

This chapter teaches you the factor markets:
(1) how rent is returned to land and natural resources;
(2) what wages are paid to labor;
(3) how interest is paid for the use of monies to buy capital; and
(4) that profit is the fair return to an entrepreneur.

Module 14

Assignment

Read & Study:

Chapter Title: Inequality, Poverty, and Redistribution

in your text and study guide.

Course Objectives

Master these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	April 18, 2007
Lesson Plan Part II	April 23, 2007

Daily Class Outlines

Do the homework in the Lesson Plan links.

Lesson Plan
Part 1

Lesson Plan
Part 2

PowerPoint Slides

Read the PowerPoint Chapter Lecture link.

Lecture on Inequality, Poverty, and Redistribution

Alternate links are enrichment but are not required reading:

Alternate Lesson 1

Alternate Lesson 2

Alternate Lesson
Slides

Chapter Overview

Of all the occupations on which man had to that time engaged (1776) - war, politics, religion, violent recreation, unrequited sadism - (Adam Smith felt that) the making of money was socially the least damaging.

Discover the Lorenz curves. Lorenz curves can be used to show how income and wealth are distributed in the U.S. and around the world.

Module 15

Assignment

During Lesson Plan Part I, turn in:

Presentation #3 (or)
Issue Paper #3 and
Review for Exam #3.

______________________

During Lesson Plan Part II:

Take Exam #3.

Prepare for Exam #3 by mastering these:

Course Objectives

Timeline

Students should keep up with the following timeline, by visiting all the links colored purple.

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I	April 25, 2007
Lesson Plan Part II	April 30, 2007

Be a participant in Team Presentation #3

or

Turn in your third issue-paper and reports on issue-papers from two other students.

Your issue papers (or optional presentations) and final essay are described in

How to Prepare for Graded Micro Exams, Issue-Papers, and Presentations.

of the red Need-to-Know menu of the Syllabus and use this book:
Sample Cover

Daily Class Outlines

Lesson Plan
Part 1

Lesson Plan
Part 2

Review Session

followed by

Exam #3

Overview

Measure your progress.

Exam #3 has 33 true/false, multiple choice, problems, and short answer questions like those in your study guide and text.

Exam #3 is worth 200 of 1000 possible course points.

Module 16

Assignment

During Lesson Plan Part I, turn in:

Final Essay

Timeline

Use electronic or hard copy methods to see that all your graded work has been received by the instructor prior to the deadline below:

For In-class Students
and Distant Learners in
ECO202

Lesson Plan Part I

Deadline

Spring 2007
Tuesday
May 01, 2006
5 PM

Deadline

Guidance

Your final exam
consists of a ten-paragraph essay described in item 10 of

How to Prepare for Graded Micro Exams, Issue-Papers, and Presentations.

found in the red Need-to-Know menu of the Syllabus.

Your Instructor is Watching and Waiting for Your Results.
Send him an email when you have turned in your final essay so it can be promptly graded.

Overview

All graded work is due electronically or in hard copy to the instructor not later than the deadline 5 PM on the first day scheduled for final exams.

See the timeline in the second column of Module 16 for an explicit time and date.

Deadline before which all work must be received by the Instructor

Turn in any remaining remaining requirements set forth in the syllabus to our Learning Resource Center by the DEADLINE in red in this table.

Best wishes for your success at Patrick Henry !

Thomas Meyer

ECO 202 Students

DEADLINE
Last Day to turn in work for credit:

Tuesday
May 02, 2006

To provide ample time for grading, all work in Survey of Economics must be available to me to be graded by 5 PM on this date at the Learning Resource Center at Patrick Henry Community College.

Take a look at what's available in Macroeconomics!

Picnic.jpg (38661 bytes)

Have a great vacation !

Links,
Policies and
Guidance to help you be successful

1	15 - Module Calendar, Course Homepage, Instructor Homepage Numbers to call for help
2	PHCC Links
3	Grades - how this course is graded
4	Proctors - how to request a proctor (for taking exams at locations other than our Learning Resource Center at PHCC)
5	Guidance for Projects 1, 2, 3, and 4
6	Financial Aid Verification - how to send me your request
7	Six Initial Steps for Success (for first-time students)
8	Syllabus, Meet the Instructor, BlackBoard, MyEconLab, Student Affidavit ("I'm read to begin" statement)

Modified 15 Module Calendar
(Under Development)

Part One - The Basic Tool: Elasticity &
Three Basic Theories:
(Theories of) Efficiency, Government, and Externalities

Module	Chapter Assigned	Study Dates	Lesson Plan 1	Lesson Plan 2	Learning Goals
1	Elasticities of Supply and Demand	Aug 21 and Aug 26, 2006	one alternate	two alternate	Checkpoints
2	Efficiency and Fairness of Markets	Aug 28 and Sep 01, 2006	one alternate	two alternate	Checkpoints
3	Government Influences on Markets	and	one alternate	two alternate	Checkpoints
4	Externalities	and	one alternate	two alternate	Checkpoints
5	Review Session followed by Exam #1	and	one alternate	two alternate	Checkpoints

Part Two - How Firms Maximize Profits in Different Market Environments

Module	Chapter Assigned	Study Dates	Lesson Plan 1	Lesson Plan 2	Learning Goals
6	Production and Costs	and	one alternate	two alternate	Checkpoints
7	Perfect Competition	and	one alternate	two alternate	Checkpoints
8	Monopoly	and	one alternate	two alternate	Checkpoints
9	Monopolistic Competition	and	one alternate	two alternate	Checkpoints
10	Review Session followed by Exam #2	and	one alternate	two alternate	Checkpoints

Part Three - Regulation and Equitable Returns for Labor, Land, and Capital

Module	Chapter Assigned	Study Dates	Lesson Plan 1	Lesson Plan 2	Learning Goals
11	Oligopoly	and	one alternate	two alternate	Checkpoints
12	Regulation and Antitrust Law	and	one alternate	two alternate	Checkpoints
13	Demand and Supply in the Factor Markets	and	one alternate	two alternate	Checkpoints
14	Inequality and Poverty	and	one alternate	two alternate	Checkpoints
15	Review Session followed by Exam #3	and	one alternate	two alternate	Checkpoints

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Last update: 12.06.2006

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Love for Econ Springs Eternal !

Principles of Economics II Microeconomics Spring

15 Module Suggested Calendar (Need to Know menu)

How Firms Maximize Profits in Different Market Environments

First Block of Study The Basic Tool: Elasticity & Three Basic Theories: Efficiency, Government, and Externalities

Chapter Title: Elasticities of Demand and Supply

Chapter Title: Efficiency and Fairness of Markets

Chapter Title: Government Influences on Markets

Chapter Title: Externalities

Turn in Presentation #1 (or) Issue Paper #1

Review Session

followed by

Exam #1

Second Block of Study How Firms Maximize Profits in Different Market Environments

Chapter Title: Production and Cost

Chapter Title: Perfect Competition

Chapter Title: Monopoly

Chapter Title: Monopolistic Competition

Presentation #2 (or) Issue Paper #2 and Review for Exam #2.

Review Session

followed by

Exam #2

Third Block of Study Regulation and Equitable Returns for Labor, Land, and Capital

Chapter Title: Oligopoly

Chapter Title: Regulation and Antitrust Law

Chapter Title: Demand and Supply in Factor Markets

Chapter Title: Inequality, Poverty, and Redistribution

Presentation #3 (or) Issue Paper #3 and Review for Exam #3.

Review Session

followed by

Exam #3

Take a look at what's available in Macroeconomics!

Principles of Economics II
Microeconomics
Spring

15 Module Suggested Calendar

**(Need to Know menu)**

First Block of Study

The Basic Tool: Elasticity
& Three Basic Theories:
Efficiency, Government, and Externalities

Chapter Title:
Elasticities of Demand
and Supply

Chapter Title:
Efficiency and Fairness
of Markets

Chapter Title:
Government Influences
on Markets

Turn in Presentation #1 (or)
Issue Paper #1

Second Block of Study

How Firms Maximize Profits in Different Market Environments

Presentation #2 (or)
Issue Paper #2 and
Review for Exam #2.

Third Block of Study

Regulation and Equitable Returns for Labor, Land, and Capital

Chapter Title: Regulation
and Antitrust Law

Presentation #3 (or)
Issue Paper #3 and
Review for Exam #3.