Semester:	Offered Fall, Spring, and Summer on Internet using BlackBoard Offered Spring semester in a classroom
Instructor:	Assistant Professor Tom Meyer
Office:	West Hall, Room 228
Voicemail:	(276) 656-0283
Fax:	(276) 656-0320
E-mail:	tmeyer@ph.vccs.edu
Office hours:	Posted on office door
Credits:	Three
Prerequisite:	ENG 05

Class time: 

In-class Students:	Distant Learner Students:
During the Spring semester, an in-class session is offered: Tuesday & Thursday 9:30 AM to 10:45 AM West Hall, room 251.	During Fall, Spring, and Summer semesters, this course is offered as a distance learning course on Internet using the Blackboard delivery method.

 

Important Course Links in ECO 202   Assistant Professor Tom Meyer Meet your instructor

Instructor homepage This link provides access to courses currently taught by Mr. Meyer. Course homepage This link provides access to one course - Principles of Economics II (Microeconomics). Course syllabus This link provides access to Sections I through X mentioned at the top of this syllabus. 15-module calendar This link provides access to: Daily class outlines - two daily class outlines constitute one module of study. (15-week semesters during Fall or Spring semesters require one module be completed per week.  A seven-week Summer program requires that at least 2 modules be completed per week.) Each daily class outline contains further links to: Admin/review Class Activity (for that day) Summary Homework (for that day) This calendar is a suggested course of study only, and may be modified by the instructor if weather or other circumstances dictate.

Introduction

Welcome to the "Queen of the Social Sciences!"  Principles of Economics II focuses on 12 chapters from Foundations of Microeconomics, Study Guide, and Econ.Foundations.com listed in "Section IV - Instructional Topics."  These topics constitute 60% of your final grade and are evaluated on Exams #1, #2, and #3 each of which has 200 points possible.  Each exam question is preceded by the course objective it measures.  A complete list of chapters assigned, topics, and course objectives is set forth in Section IV.

Participation constitutes 30% of your final grade.  Participation is the result of three team presentations having 100 points each, (or optionally, three issue-papers written independently by students), and frequency-counts of your use of Internet pages in this course and your use of Discussion Board.  These percentages of your grade reflect your ability to work on assigned teams, to draw upon resources in The Economics of Public Issues and to make full use of our BlackBoard electronic delivery system.  Additionally, every student has access to the most current economic issues through his or her own subscription to The Wall Street Journal.

The final exam is an independently written issue paper constituting 10% of your final grade has 100 points.  There are 1000 points possible in the course and no bonus, bogus, or extra points.  Complete details about exams, participatory options, and the final issue paper are set forth in "Section VIII - Evaluation."

You can succeed!  Take these steps-to-success.

Follow the lettered-guidance in the following table:

A.	Read chapters in Foundations of Microeconomics specified in Section IV of this syllabus.
B	Complete the work required in the corresponding Study Guide chapters mentioned in the 15-module calendar's daily class outlines.
C.	Pass Exams #1, #2, and #3 during the 5th, 10, and 15th weeks during Fall and Spring semesters, and during the 5th, 10th, and 15th modules during the compressed Summer semester.
D.	Expect assignment to one of four teams that prepare class presentations on chapter topics found in The Economics of Public Issues during Part I of Modules 5, 10, and 15. or Withdraw from a team (by emailing the instructor and team leader) and choose instead to prepare individual papers on chapter topics in The Economics of Public Issues, and to review and comment on such papers in Blackboard Discussion Group prepared by at least two other students who are not participating on teams, during Part II of Modules 5, 10, and 15.  Prepare the same kind of paper and comments for other students using a different issue, each time you are not a team member during Modules, 5, 10, and/or 15.
E.	Each student receives final exam credit by writing an individual issue paper.

How this course is organized:

Three Parts	Principles of Economics II is divided into Part One, Part Two, and Part Three and each Part has links to five modules.
15 Modules	Clicking 15-Module-Calendar   takes you to a table with electronic links to each module.  Each module, in turn, has electronic links to two daily class outlines called Lesson Plan Part I and Lesson Plan Part II:   Lesson Plans I and II Each daily class outline contains additional links to four areas: Admin/Review; Class Activity; Summary; and Homework.
Mastery Modules	The first four modules in Parts One, Two, and Three are for mastering course objectives in specific chapters found in Foundations Macroeconomics and your Study Guide.
Evaluation Modules	The 5th, the 10th, and the 15th Modules are for evaluation: Lesson Plan Part I     (1)  Lesson Plan Part I of Modules 5, 10, and 15 is a review session preceded by team presentations from the Echo, Foxtrot, Golf, and Hotel teams, and the time when non-team members turn in issue papers from The Economics of Public Issues. Lesson Plan Part II.    (2)  Lesson Plan Part II of Modules 5, 10, and 15 is time for taking Exam #1, Exam #2, and Exam #3.  Each exam question is preceded by the course objective you are expected to master.

 

Four instructor expectations
( for distance-learning students and in-class Students)

1st Expectation
Expect to develop your Internet-technology skills to use these resources:
(1)  Use the instructor website or BlackBoard to locate this syllabus.  (Rules governing Principles of Economics II are set forth in Sections I through X of the syllabus.)
(2)  Your sequence of study is set forth under the 15-module calendar link found on the course homepage within the instructor's website; your sequence of study is also on BlackBoard. (Expect to follow to this sequence unless weather or other circumstances cause your instructor to change the calendar of events).
(3)  As your instructor I expect distance-learning and in-class students to work with each other to become proficient in:
- using BlackBoard Discussion Group and email within BlackBoard Portal,
- asking for help and providing help to one another (except on exams),
- using online practice tests at http://www.EconFoundations.com, and
- completing your Study Guide's assigned chapters listed in "Section IV - Instructional Topics" in this syllabus.

2nd Expectation
Expect an initial assignment to a presentation team:
- Everyone is expected to perform in a cooperative fashion as a member of either the Echo, Foxtrot, Golf, or Hotel presentation team.  Random, alphabetical, or other suitable methods of assignment are used by the instructor as soon as enrollment ceases.  ("Section VIII - Evaluation" tells you the requirements of a presentation.)
- Students unwilling or unable to perform as team members should notify the instructor by email and are required:
(1)  to present individual papers and
(2)  to review two papers presented by other students using BlackBoard Discussion Group.  ("Section VIII - Evaluation" tells you the requirements of issue papers.)

3rd Expectation
Expect to make up your own mind about how you earn your participation grade:
- A distance learning student unable to assist a team presentation by contributing PowerPoint slides, for example, might feel more comfortable writing his or her own individual papers and reviewing the work of other students who feel similarly.
- A student strong in PowerPoint, or in speech skills will want to provide leadership to a team.
- Every student is required to accumulate frequency count in web pages created for this course and in use of Discussion Board.

4th Expectation
Expect to use your resources intensively:
Student resources include Foundations of Microeconomics, Study Guide, The Economics of Public Issues, a Wall Street Journal subscription,  BlackBoard Discussion Group and email, and members assigned by the instructor as a team mates on the Echo, Foxtrot, Golf, or Hotel presentation team.  Each presentation team gives three presentations during Module 5 Part I, Module 10 Part I, and Module 15 Part I.  Each team is given a 10-12 minute block of time for its presentation on each of these three days.  (You can find the calendar dates for Lesson Plan Part I and Lesson Plan Part II of every module on the 15-Module-Calendar   link.)   You have the option of removing yourself from a team and satisfying the participation requirement by submitting three issue papers during Modules 5, 10, and 15.  Additionally, everyone writes an issue paper in lieu of taking a final exam.

Course organization is summarized in the following matrix:

Part One	Modules 1, 2, 3, 4, and 5	Module 5 Part I is the 1st Team Presentation. (If you cannot attend the team presentation, request permission from the instructor to write a paper and to review the papers of two other students.  Notify the team leader promptly and ask the instructor for a chapter title from The Economics of Public Issues about which you wish to write.)  The instructor uses remaining time to answer your questions as you review for Exam #1. Module 5 Part II is Exam #1
Part Two	Modules 6, 7, 8, 9, and 10	Module 10 Part I is the 2nd Team Presentation. (If you cannot attend the team presentation, request permission from the instructor to write a paper and to review the papers of two other students.  Notify the team leader promptly and ask the instructor for a chapter title from The Economics of Public Issues about which you wish to write.  Ask for an issue about which you have not yet written or presented.) The instructor uses remaining time to answer your questions as you review for Exam #2. Module 10 Part II is Exam #2
Part Three	Modules 11, 12, 13, 14, and 15	Module 15 Part I is the 3rd Team Presentation. (If you cannot attend the team presentation, request permission from the instructor to write a paper and to review the papers of two other students.  Notify the team leader promptly and ask the instructor for a chapter title from The Economics of Public Issues about which you wish to write.  Ask for an issue about which you have not yet written or presented.) The instructor uses remaining time to answer your questions as you review for Exam #3. Module 15 Part II is Exam #3

 

"Module 16" is the final exam.  The final exam is an issue paper. Each distance-learning student and each in-class student completes this requirement by himself or herself.  EVERY STUDENT SHOULD REVIEW "SECTION VIII - EVALUATION" IN THIS SYLLABUS TO SEE THE REQUIREMENTS FOR EXAMS, PRESENTATIONS, ISSUE-PAPERS, PARTICIPATION POINTS AND FINAL EXAM.

 

II Course Description

Introduces the basic concepts of microeconomics.  Explores the free market concepts with coverage of economic models and graphs, scarcity and choices, supply and demand, elasticities, marginal benefits and costs, profits, and production and distribution.

Syllabus Description

Section I - Overview	Course title, instructor, office, phone, email, and prerequisites
Section II - Course Description	Required description set out by the Virginia Community College System
Section III - Expected Outcomes	A list of 5 expected outcomes and how these prepare students to meet PHCC's 21st Century Learning Skills.
Section IV - Instructional Topics	List of assignments arranged in 15 modules.  Each module specifies: - an assigned chapter to read and study, - from two to five course objectives, and - homework
Section V - Methods	A three-step method is set forth: - 1st Step:  Register. (and six more itty-bitty items to get started) - 2nd Step:  Learn What You Have to Learn. - 3rd Step:  Meet Your Classmates, and Use Electronic Resources.
Section VI - Supplies	I list books, persons, and email addresses of persons who can be helpful to  you when you get in trouble during this course
Section VII - Textbooks	The books, newspaper, and website subscriptions required are listed, along with general phone numbers to the publisher and to technical support.
Section VIII - Evaluation	Tells how to review for exams, what to study for each exam, how to prepare team presentations, and how issue-papers should be written
Section IX - Access to Resources	My office is always open - at least on email.  Office hours are posted on my door.  Our labs and assistants stand ready to help you.
Section X - Instructor Polices	Academic integrity, attendance and point deductions, email/voicemail courtesies, links to a variety of PHCC policies, the semester schedule, and an index of important links conclude this syllabus.

(1) Recognize course objectives.  
On the first page of each chapter in Foundations of Microeconomics, two to five course objectives called checkpoints are listed under the heading Chapter Checklist.  On the first page of each corresponding chapter in the Study Guide, this checklist of course objectives is re-printed in boldfaced type; these same course objectives are expanded beginning with the second page in each chapter in your Study Guide. Exams #1, #2, and #3 measure your mastery of these course objectives.  Each exam question is preceded by the course objective it seeks to measure.

Reasons for this expected outcome:
When you recognize course objectives, you are:
- enhancing your personal management skills and acquiring 21st Century skills appropriate for PHCC graduates. 
- By focusing on course objectives before you study, you save time, reduce stress, and study efficiently.

(2) Solve fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graphs from the Study Guide on three exams.  Measure your own mastery of each course objective.
Complete answers are in the Study Guide, at the end of each chapter, and a matrix for measuring your mastery of each course objective can (optionally) be completed during the class session or period of study immediately after each exam.

Reasons for this expected outcome:
When you solve microeconomic problems and share answers in class or in an electronic discussion group in BlackBoard, you are:
- engaging oral and written dialogue that enhance communication;
- building your skills of analysis;
- adding to your group effectiveness skills;
- practicing critical thinking; and
- learning to use PHCC's 21st Century technology. 

(3) Write an issue paper based on The Economics of Public Issues, the Internet, library resources, and/or the Wall Street Journal about an issue you've not yet written or presented as your final exam. The last issue paper is your final exam, and should deal with the issue you regard as the next most critical macroeconomic choice our country faces.  Send your issue paper to the instructor in electronic format by 5 PM on the first day scheduled for final exam, and/or provide the instructor a hard copy.

Reasons for this expected outcome:
When you write an issue paper, you are:
- developing independent thinking;
- learning the methods for, and the importance of meeting a deadline; and
- assuming responsibility for integrating the learning acquired by others with your own, while giving credit to original sources. 
Complete guidelines for the issue paper are presented in this syllabus, so you can start thinking about it right away.

(4) Contribute to electronic discussions using BlackBoard Discussion Group technology.
Students unwilling or unable to contribute to an in-class electronic presentation must replace the requirement for each presentation by  writing an individual issue paper on a topic from The Economics of Public Issues, and review the papers of two other classmates.  Students distribute their issue papers to every classmate and the instructor using BlackBoard's email and Discussion Group technology.  Each non-team-member writes an issue paper on a topic not yet selected by other students, publishes it to classmates during Module 5 Part I, Module 10 Part I, and module 15 Part I, and reviews two of his or her classmates papers during Module 5 Part II, Module 10 Part II and Module 15 Part II. 

Reasons for this expected outcome:
When you use BlackBoard's electronic capabilities you are:
- solving real world problems using electronic methods;
- enhancing your personal management networking skills;
- meeting new and different ideas, in a new and evolving medium.
Students report that their interest in resolving the civic problems outlined in The Economics of Public Issues rises when they see that economics studies a wide variety of real world problems.  Each issue paper offers students an opportunity to explain difficult concepts by sorting out relationships that reflect the Principles of Economics in action.

(5) Make in-class presentations or write issue papers based on The Economics of Public Issues, the Wall Street Journal, the Internet, and/or library resources.  Reasons for this expected outcome:  When you or your team summarize topics from The Economics of Public Issues, and present your ideas about the issue you select to others, you're being given the opportunity to develop independence and responsibility,  to use your oral  and writing skills, and to simultaneously acquire skills as working team members. 

Module 1

Assignment

Read  "Elasticities of Demand and Supply"

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered three course objectives, called checkpoints:

1. Define, explain the factors that influence, and calculate the price elasticity of demand.
2. Define, explain the factors that influence, and calculate the price elasticity of supply.
3. Define and explain the factors that influence the cross elasticity of demand and the income elasticity of demand.

 

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

 

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Module 2

Assignment

Read, "Efficiency and Fairness of Markets"

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and Blackboard discussion group until you have mastered four course objectives, called checkpoints:

1. Distinguish between value and price and define consumer surplus.
2. Distinguish between cost and price and define producer surplus.
3. Explain the conditions in which markets are efficient and inefficient.
4. Explain the main ideas about fairness and evaluate claims that competitive markets result in unfair outcomes.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 3

Assignment

Read "Government Influences on Markets"

Course Objectives

Study the chapter, complete the study guide, and use  http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered three course objectives, called checkpoints:

1. Explain the effects of taxes on goods and labor and determine who pays the taxes.
2. Explain how a rent ceiling creates a housing shortage, inefficiency, and unfairness.
3. Explain how the minimum wage creates unemployment, inefficiency, and unfairness.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 4

Assignment

Read "Externalities."

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered two course objectives, called checkpoints:

1. Explain why negative externalities lead to inefficient overproduction and how property rights, pollution charges, or taxes can achieve a more efficient outcome.
2. Explain why positive externalities lead to inefficient underproduction and how public provision, subsidies, vouchers, and patents can be used to achieve a more efficient outcome.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 5

For students meeting in class

For distance-learning students

1.  Student Presentation #1 takes place. 2.  Following the presentation, a review session is held so that problems and questions asked by students are answered.  3.  Everyone then takes the exam. 4.  During the following class session, students should complete the matrix on the exam cover  showing how many points were lost on each course objective.

1.  Distance Learning students may have assumed a role in helping the live Student Presentation #1 to take place by creating PowerPoint slides. 2.  If you elected to write an issue paper instead, follow the length and format guidelines which were mentioned for taking the final exam.  Send your paper to the instructor and to your fellow classmates by 5 PM on Module 5 Part I, and send your reviews of two other student papers during Module 5 Part II. 3.  Conduct your own review session, focusing on fill-in the blank, true-false, multiple choice, short answer and numeric problems from your text, study guide, and http://www.econfoundations.com.  Assist your fellow classmates with difficulties they encounter by using BlackBoard Discussion Group. 4. Then arrange with the proctor at your Learning Resource Center to take the exam. 5.  Send me an email telling me that your exam is being returned to our Learning Resource Center at Patrick Henry Community College.

Exam #1

The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.econfoundations.com .  

It is an individual effort exam.  The exam becomes property of the instructor.   

 

Part Two

 

Module 6

Assignment

Read "Production and Cost"

Course Objectives

Study the chapter, complete the study guide, and http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered four course objectives, called checkpoints:

1. Explain how economists measure a firm's cost of production and profit.
2. Explain the relationship between a firm's output and labor employed in the short run.
3. Explain the relationship between a firm's output and costs in the short run.
4. Derive and explain a firm's long-run average cost curve.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 7

Assignment

Read text "Perfect Competition"

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered three course objectives, called checkpoints:

Course Objectives

1. Explain a perfectly competitive firm's profit-maximizing choices and derive its supply curve.
2. Explain how output, price, and profit are determined in the short run.
3. Explain how output, price, and profit are determined in the long run.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 8

Assignment

Read "Monopoly"

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered five course objectives, called checkpoints:

Course Objectives

1. Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly.
2. Explain how a single-price monopoly determines its output and price.
3. Compare the performance of single-price monopoly with that of perfect competition.
4. Explain how price discrimination increases profit.
5. Explain how monopoly regulation influences output, price, economic profit, and efficiency.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 9

Assignment

Read text "Monopolistic Competition and Oligopoly"

Study the chapter, complete the study guide, and http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered four course objectives, called checkpoints:

Course Objectives

1. Explain how price and quantity are determined in monopolistic competition.

2. Explain why selling costs are high in monopolistic competition.

3. Explain the dilemma faced by firms in oligopoly.

4. Use game theory to explain how price and quantity are determined in oligopoly.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 10

For students meeting in class

For distance-learning students

1.  Student Presentation #2 takes place. 2.  Following the presentation, a review session is held so that problems and questions asked by students are answered.  3.  Everyone then takes the exam. 4.  During the following class session, students should complete the matrix on the exam cover  showing how many points were lost on each course objective.

1.  Distance Learning students may have assumed a role in helping the live Student Presentation #2 to take place by creating PowerPoint slides. 2.  If you elected to write an issue paper instead, follow the length and format guidelines which were mentioned for taking the final exam.  Send your paper to the instructor and to your fellow classmates by 5 PM on Module 10 Part I, and send your reviews of two other student papers during Module 10 Part II. 3.  Conduct your own review session, focusing on fill-in the blank, true-false, multiple choice, short answer and numeric problems from your text, study guide, and http://www.econfoundations.com.  Assist your fellow classmates with difficulties they encounter by using BlackBoard Discussion Group. 4. Then arrange with the proctor at your Learning Resource Center to take the exam. 5.  Send me an email telling me that your exam is being returned to our Learning Resource Center at Patrick Henry Community College.

 

Exam #2

The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.econfoundations.com .  

It is an individual effort exam.  The exam becomes property of the instructor.   

 

 

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Part Three

Module 11

Assignment

Read text "Regulation and Antitrust Law"

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered two course objectives, called checkpoints:

Course Objectives

1. Distinguish between the public interest and capture theories of regulation, and explain how regulation affects prices, outputs, profits, and the distribution of surpluses between consumer and producers.
2. Describe U.S. antitrust law and explain how it has been applied in some landmark cases and how it is used today.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 12

Assignment

Read text "Demand and Supply in Factor Markets"

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered five course objectives, called checkpoints:

1. Describe the anatomy of the markets for labor, capital, and land.
2. Explain how marginal revenue product determines the demand for a factor of production.
3. Explain how wage rates and employment are determined.
4. Explain how interest rates, borrowing, and lending are determined.
5. Explain how rents and natural resource prices are determined.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 13

Assignment

Read text "Earnings Differences"

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered three course objectives, called checkpoints:

1. Explain why college graduates earn more, on the average, than high school graduates.
2. Explain why union workers earn higher wage rates than nonunion workers.
3. Explain why men earn more than women and whites earn more than minorities and predict the effects of a comparable-worth program.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 14

Assignment

Read text "Inequality, Poverty, and Redistribution"

Course Objectives

Study the chapter, complete the study guide, and use http://www.econfoundations.com and BlackBoard Discussion Group until you have mastered three course objectives, called checkpoints:

1. Describe the inequality in income and wealth in the United States and explain why wealth inequality is greater than income inequality.
2. Explain how economic inequality arises.
3. Explain the effects of taxes, social security, and welfare programs on economic inequality.

Assessment

Each chapter has a self-test, with answers provided.  

Complete the fill-in the blanks, true-false, multiple choice, short answer and numeric problems, and complete the graphs in your study guide.

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Module 15

For students meeting in class

For distance-learning students

1.  Student Presentation #3 takes place. 2.  Following the presentation, a review session is held so that problems and questions asked by students are answered.  3.  Everyone then takes the exam. 4.  During the following class session, students should complete the matrix on the exam cover  showing how many points were lost on each course objective.

1.  Distance Learning students may have assumed a role in helping the live Student Presentation #3 to take place by creating PowerPoint slides. 2.  If you elected to write an issue paper instead, follow the length and format guidelines which were mentioned for taking the final exam.  Send your paper to the instructor and to your fellow classmates by 5 PM on Module 15 Part I, and send your reviews of two other student papers during Module 15 Part II. 3.  Conduct your own review session, focusing on fill-in the blank, true-false, multiple choice, short answer and numeric problems from your text, study guide, and http://www.econfoundations.com.  Assist your fellow classmates with difficulties they encounter by using BlackBoard Discussion Group. 4. Then arrange with the proctor at your Learning Resource Center to take the exam. 5.  Send me an email telling me that your exam is being returned to our Learning Resource Center at Patrick Henry Community College.

Exam #3

The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric problems, and complete the graph questions similar to those in your text, study guide, and found at http://www.econfoundations.com.  

It is an individual effort exam.  The exam becomes property of the instructor.     

Both Principles of Economics I and  II use the "3-step-method" listed below:

- 1st Step:  Register. Register for the course; then get the following 6 items accomplished and working for you:

1.  Register and pay for Principles of Economics II. 2.  Purchase your books. Get Foundations of Microeconomics, Study Guide, The Economics of Public Issues, and the Wall Street Journal subscription from from the PHCC bookstore.  Register for  http://www.econfoundations.com , the website provided by your publisher.  Instructions for doing this are provided inside the cover of Foundations of Microeconomics.  I strongly recommend you use the same user-id and password you use to enter BlackBoard.  In that way, I can help you if you forget them.  If you use any other user-id and password and forget either, I cannot help you (other than to instruct you to call the 800 number to the publisher). 3.  Get access to Internet.  Use Internet Explorer as your browser. (Netscape Navigator will not work with PHCC  websites.) 4.  Complete a Proctor Form (if necessary). If you intend to take your exams at a location other than Patrick Henry Community College contact Carol Ford, cford@ph.vccs.edu and request, complete, and return a proctor form to our Learning Resource Center. 5.  Visit BlackBoard Entry portal and use its tutorials if necessary.  You need to be able to enter Principles of Economics II, including it syllabus, and its  15-Module-Calendar. In addition to course modules, BlackBoard gives you access to the instructor (click Meet your instructor ) and to two communication tools we use extensively: -  Discussion Group; and -  Email capability to other enrolled classmates. 6.  Know What To Do When BlackBoard Fails. Since BlackBoard will fail on occasions, visit the instructor website at http://164.106.143.4/eco.  Make sure you can use the instructor website link  to find:      (1)  the Course Syllabus,       (2)  the 15-Module-Calendar that contains:              (i)  Chapter Title, and further links to              (ii) Course Objectives for each chapter                 (iii) Lesson Plan Part 1 and Part 2 for each chapter and              (iv) Chapter PowerPoint Lecture.

2nd Step:  Learn What You Have to Learn. - How The Course is Organized, - What The Course Objectives Are, and - How You're Evaluated on Course Objectives.

Become familiar with the rules in this syllabus and read chapters in the sequence mentioned in the 15-Module-Calendar for each scheduled class meeting. 1.  Use Foundations of Microeconomics, your Study Guide, this syllabus, or the 15-module-calendar to find the course objectives for each chapter. 2.  Assess your comprehension and mastery of each course objective to pinpoint weaker areas that need more study. - You can do this by completing the Self-Tests in your Study Guide. - You can also so this by taking practice exams online at http://www.EconFoundations.com .

3rd Step:  Meet Your Classmates, and Use Electronic Resources.

Use Blackboard Discussion Group, http://wwwEconFoundations.com , your Wall Street Journal subscription, and The Economics of Public Issues to:           1.  Answer questions and ask questions from fellow students.           2.  Get page directed assistance for errors created on practice tests.           3.  Prepare for your team presentations.           4.  Prepare your individual issue paper.

Summary:

The more often and more intensively you work at each link in the 3-step method, the more successful you become: - in mastering Principles of Economics, - succeeding at Patrick Henry Community College, and - equipping yourself to enter the workforce in a highly productive manner.

 

1.  Get your Foundations of Microeconomics, Study Guide, The Economics of Public Issues and Wall Street Journal subscription at the Patrick Henry Community College bookstore or through Addison-Wesley Publishing.
2.  Use our Learning Resource Center staff if you need help downloading software on your computer, or if  you want help with using Internet, computers, e-mail, word processing, and spell-checking.
3.  Students needing proctor forms to take exams at locations other than Patrick Henry Community College can download the proctor request form and return it to our Learning Resource Center staff.  Call or email Carol Ford, cford@ph.vccs.edu if you need help in these matters. 
4.  Use our reference librarians when seeking additional research materials.
5.  If you have questions about our BlackBoard  electronic delivery system, call or email Mark Nelson, mnelson@ph.vccs.edu .
6.  If you have hardware or software problems, Frank Tatum, ptatum@ph.vccs.edu may be able to assist you.
7.  The leading research librarian who can assist you with your issue papers and in-class presentations is Barry Reynolds, breynolds@ph.vccs.edu .

VIII Evaluation

Module 1   Module 2 Module 3   Module 4

- Elasticities of Demand and Supply - Efficiency and Fairness of Markets - Government Influences on Markets - Externalities - Externalities

The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric questions, and complete the graph similar to those in your text, study guide, and evaluation material found on www.econfoundations.com .  Exam #1 covers material from Part One of the course.

Module 5

Review and Evaluation

Exam #1

Complete Description:
Here's what to do to prepare for
 Team Presentation #1

Principles of  Economics II (Microeconomics)

Team Presentation #1   scheduled during  Module 5 Part I

Get to know one another and choose a team leader(s). Using The Economics of Public Issues primarily, and the Wall Street Journal, Internet, and library resources: Create an electronic presentation by your team about an issue not yet chosen or briefed by another team  that meets the following requirements: 1. Your team presentation should be 10-12 minutes in length, and every team member should contribute in one or more ways: - have a speaking part; or provide written input, such as PowerPoint slides, or a handout to the audience; - offer leadership to the team; - coordinate the efforts of others via Discussion Group and email; - assume responsibility for the projector and computer technology; - facilitate in such a way as to make each team member welcome. 2. Your team presentation should make use of PowerPoint and projection technology in our classrooms. 3. Your team presentation should contain the following introduction, body, and conclusion elements:   Introduction One slide that contains the topic or issue, the outline to be followed, the speakers and their roles in relation to the outline. Body - background information and facts about the issue chosen from The Economics of Public Issues - pertinent economic principles for analyzing the issue - relevant diagrams, or other research possibly taken or adapted from the Bade/Parkin text or the Meyer/Rush Study Guide or from other sources like Internet or the library. Conclusion Conclusions reached by consensus. Any dissentions by team members not persuaded by the group. 4. Provide both a computer disk and a hard copy of the presentation to your instructor before your team begins the presentation. Create some sort of graphic or display to use as a backdrop to represent the issue you are presenting. After the presentation, provide a handout for retention by class members present, and distribute this handout electronically to distant learners taking this class. 5. The team leader(s) establish procedure for recommending a specific percentage of points to each team member; use the five criteria in #1 above.  Give your recommendation to the instructor during Module 5 Part I.

 

 

Complete Description:
Here's what to study 
to prepare for Exam #2.

Part Two -	Read and Study These Chapters	Get Ready for Exam #2
Module 6 Module 7 Module 8 Module 9	- Production and Cost - Perfect Competition - Monopoly - Monopolistic Competition and Oligopoly ding	The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric questions, and complete the graph similar to those in your text, study guide, and evaluation material found on www.econfoundations.com .  Exam #2 covers material from Part Two of the course.
Module 10	Review and Evaluation	Exam #2

 

Complete Description:
Here's what to do 
to prepare for Team Presentation #2

Team Presentation #2 scheduled during Module 10 Part I

Get to know one another and choose a team leader(s). Using The Economics of Public Issues primarily, and the Wall Street Journal, Internet, and library resources: Create an electronic presentation by your team about an issue not yet chosen or briefed by another team  that meets the following requirements: 1. Your team presentation should be 10-12 minutes in length, and every team member should contribute in one or more ways: - have a speaking part; or provide written input, such as PowerPoint slides, or a handout to the audience; - offer leadership to the team; - coordinate the efforts of others via Discussion Group and email; - assume responsibility for the projector and computer technology; - facilitate in such a way as to make each team member welcome. 2. Your team presentation should make use of PowerPoint and projection technology in our classrooms. 3. Your team presentation should contain the following introduction, body, and conclusion elements:   Introduction One slide that contains the topic or issue, the outline to be followed, the speakers and their roles in relation to the outline. Body - background information and facts about the issue chosen from The Economics of Public Issues - pertinent economic principles for analyzing the issue - relevant diagrams, or other research possibly taken or adapted from the Bade/Parkin text or the Meyer/Rush Study Guide or from other sources like Internet or the library. Conclusion Conclusions reached by consensus. Any dissentions by team members not persuaded by the group. 4.   Provide both a computer disk and a hard copy of the presentation to your instructor before your team begins the presentation. Create some sort of graphic or display to use as a backdrop to represent the issue you are presenting. After the presentation, provide a handout for retention by class members present, and distribute this handout electronically to distant learners taking this class. 5. The team leader(s) establish procedure for recommending a specific percentage of points to each team member; use the five criteria in #1 above.  Give your recommendation to the instructor during Module 10 Part I.

 

Complete Description:
Here's what to study 
to prepare for Exam #3.

Part Three -	Read and Study These Chapters	Get Ready for Exam #3
Module 11 Module 12 Module 13 Module 14	- Regulation and Antitrust Law - Demand and Supply in Factor Markets - Earnings Differences - Inequality, Poverty, and Redistribution	The exam consists of fill-in the blank, true/false, multiple choice, short answer and numeric questions, and complete the graph similar to those in your text, study guide, and evaluation material found on www.econfoundations.com .    Exam #3 covers material from Part Three of the course.
Module 15	Review and Evaluation	Exam #3

Complete Description:
Here's what to do to prepare for
Team Presentation #3

Team Presentation #3 Scheduled during Module 15 Part I

Get to know one another and choose a team leader(s). Using The Economics of Public Issues primarily, and the Wall Street Journal, Internet, and library resources: Create an electronic presentation by your team about an issue not yet chosen or briefed by another team  that meets the following requirements: 1. Your team presentation should be 10-12 minutes in length, and every team member should contribute in one or more ways: - have a speaking part; or provide written input, such as PowerPoint slides, or a handout to the audience; - offer leadership to the team; - coordinate the efforts of others via Discussion Group and email; - assume responsibility for the projector and computer technology; - facilitate in such a way as to make each team member welcome. 2. Your team presentation should make use of PowerPoint and projection technology in our classrooms. 3. Introduction One slide that contains the topic or issue, the outline to be followed, the speakers and their roles in relation to the outline. Body - Background information and facts about the issue chosen from The Economics of Public Issues - pertinent economic principles for analyzing the issue - Relevant diagrams, or other research possibly taken or adapted from the Bade/Parkin text or the Meyer/Rush Study Guide or from other sources like Internet or the library. Conclusion Conclusions reached by consensus. Any dissentions by team members not persuaded by the group. 4. Provide both a computer disk and a hard copy of the presentation to your instructor before your team begins the presentation. Create some sort of graphic or display to use as a backdrop to represent the issue you are presenting. After the presentation, provide a handout for retention by class members present, and distribute this handout electronically to distant learners taking this class.   5. The team leader(s) establish procedure for recommending a specific percentage of points to each team member; use the five criteria in #1 above.  Give your recommendation to the instructor during Module 15 Part I.

 

Partial Description:
Here's what to do 
for Electronic Participation Points

Students earn electronic participation points in three ways: 1.  Communicate with your fellow students in BlackBoard's Discussion Group frequently.  (As your instructor, I can measure the frequency with which you discuss your problems, course objectives, presentations, and issue papers with your fellow students.)   2.  Visit the links to the daily class outlines and to their component parts.  (As our instructor, I can measure the frequency with which you use the many web pages and links that I created for you.) 3.  Participate in the three Team Presentations using the directions presented above.  Alternatively, write issue-papers and review the issues papers of two fellow classmates for each presentation you are unable to participate.  For the first three issue-papers, follow the immediate guidance below.

If you choose to write issue papers instead of team presentations for your participation points, follow the guidance below:

Complete Guidance for Students Who Write an Issue Paper(s) (to earn their electronic points)

Write an issue paper based on The Economics of Public Issues, supplemented by resources taken from the Internet, the Wall Street Journal, and/or from your understanding of Principles of Microeconomics. Your issue pqper should contain: page 1 - Cover or Title Page page 2, 3, and 4 - Content pages page 5 - Graphs, diagrams, or pictures if applicable page 6 - List of resources page 7 - Reviews of the issue papers of two other students (1)  Cover page. Precede all pages with a cover page that contains:

your name,

the college honor policy statement,

the words "This issue paper is given to Thomas Meyer of Patrick Henry Community College to meet the requirements of  Module 5 - Part I or Module 10 - Part I or Module 15 - Part I or the Final Exam in Principles of Economics II."

the date you finished writing the paper,

The titles of any other presentations or papers you submitted during Modules 5, 10, and 15, followed by the boldfaced or ALL-CAPITALS TITLE of the issue you consider to be the next most important microeconomic decision to be made by our nation.

(2)  Contents. Each student in Principles of Economics II (Microeconomics) should select an issue from Parts One, Four, Five or Six of The Economics of Public Issues.  In three fully-utilized word-processed pages of content, illuminate an issue, about which you have not yet written or presented, facing our nation which in your opinion represents the next most important macroeconomic choice we must make as a nation to begin the 21st century.  Justify your choice of issues by combining your understanding of economic theory with your ability to include additional information from the Internet and from your subscription to the Wall Street Journal, so as to present both the importance and the nature of the choices faced by American society, and suggest how resources needed to cope with resolving the issue should be made available.  (3)  Diagrams, Graphs, or Pictures. Diagrams or graphs may be included, if applicable, on page 5. (4)  List of Resources. List your resources in such a way so that any person can visit them to verify your statements.  Put your list of resources on page 6.  (5)  Format and Deadline. Your issue papers are due at the instructor's office by 5 PM on Module 5 - Part I, on Module 10 - Part I, Module 15 - Part I, and on the first day scheduled for final exams.  The paper should be created in Microsoft Word and be free of grammar and spelling errors.  Use either single-spacing or double-spacing, one-inch margins and and 12-point type.  Fully-utilize pages 2,3,4, and 7.  (Fill them up!)  Your issue paper is subject to penalty or rejection if late. (6)  Reviews of Two Issue Papers by Fellow Students. During Part II of Modules 5, 10, and 15, attach page 7 and send it to your instructor and to the students whose papers you are reviewing.  Use the first paragraph on page 7 to review (comment) on the issue paper written by one other classmate.  Use the second paragraph on page 7 to review (comment) on the issue paper written by a second classmate.  Your comments may: - State your agreement or disagreement with the importance of the issue and/or conclusions reached by your classmates; -  Encourage your classmates in their work; -  Invite other students to review the paper for specific reasons, or dissuade other students from reviewing the paper for specific reasons; and -  Contain suggestions for improvement.

  

The Online Critique of the Course Near the conclusion of the course, the Blackboard webmaster will post an online critique for you to fill out.  The course critique is your opportunity to help me to continually  improve the course.  Thanks for your suggestions and comments!

Complete Description: Here's what to do for  The final exam Write an issue-paper about the next most critical microeconomic issue facing our nation.  Base your report on a content area within The Economics of Public Issues from Parts One, Four, Five, or Six about which you have not yet written.  Supplement your report by using resources from the Internet, the Wall Street Journal, and from your understanding of Principles of Microeconomics II. Send the instructor an issue-paper (as an attachment to your email to tmeyer@ph.vccs.edu and/or a hard copy of your issue paper to: Thomas Meyer Patrick Henry Community College 645 Patriot Avenue Martinsville, VA 24112  Your final issue-paper should contain: page 1 - Cover or Title Page page 2, 3, and 4 - Content pages page 5 - Graphs, diagrams, or pictures if applicable page 6 - List of resources Your issue-paper is your final exam.  See that your report meets  the following four requirements:   (1)  Cover Page. Precede all pages with a cover page that contains:   your name,  the college honor policy statement,  (See Section X - Instructor Policy of this syllabus) the words "This issue paper is given to Thomas Meyer of Patrick Henry Community College to meet the requirements of the Final Exam in Principles of Economics II." the date you finished writing the paper, The titles of the three presentations or papers you submitted during Modules 5, 10, and 15, followed by the boldfaced or ALL-CAPITALS title of the issue you consider the next most important microeconomic decision to be made by our nation. (2) Contents. Each student in Principles of Economics II (Microeconomics) should select an issue from Parts One, Four, Five, or Six of The Economics of Public Issues.  In three fully- filled word-processed pages of content, illuminate an issue, about which you have not yet written or presented, facing our nation which in your opinion represents the next most important microeconomic choice we must make as a nation to begin the 21st century.  Justify your choice of issues by combining your understanding of economic theory with your ability to include additional information from the Internet and from your subscription to the Wall Street Journal, so as to present both the importance and the nature of the choices faced by American society, and suggest how resources needed to cope with resolving the issue should be made available.  (3)  Diagrams, Graphs, or Pictures. Diagrams, graphs, or pictures may be included, if applicable, on page 5. (4)  List of Resources. List resources you used in a way so that any person can visit the source of your materials to verify your statements.  Put your list of resources on page 6.  (5) Format and Deadline.  The paper should be created in Microsoft Word and be free of grammar and spelling errors; use either single-spacing or double-spacing and 12-point type, and fill the content pages completely. This paper is due at the instructor's office by 5 PM on the first day scheduled for final exams, and may be subject to penalty and/or rejection if late.