Principles of Economics II
Microeconomics
Summer

15 Module Suggested Calendar

**(Need to Know menu)**

Sample Cover

Textbook
(Study Guide is
similarly colored) Supplementary Text

Six Initial Steps for Success

Table of Links to 15 Modules of Instruction

Introduction (for first-time distant-learners)

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

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. Summer Session 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?

Summer Session and How It's Graded

Summer Session begins May 22 with last day of classes Aug 04.
All work (three exams and four projects) must be in the instructor's hands,
or in the PHCC Learning Resource Center by Saturday, 5 PM Aug 05, 2006.

Principles of Economics I (Macroeconomics)
is divided into Parts One, Two, and Three

Part One: The Basic Tool: Elasticity & Three Basic Theories: Efficiency, Government, and Externalities	Week 1: May 22 - May 26 Week 2: May 29 - June 02 Week 3: June 05 - June 09 Week 4: June 12 - June 16	Complete Module 1. Complete Module 2. Complete Module 3. Complete Module 4 and take Exam #1 at the LRC (or by means of a proctor).
Part Two: How Firms Maximize Profits in Different Market Environments	Week 5: June 19 - June 23 Week 6: June 26 - June 30 Week 7: July 03 - July 07 Week 8: July 10 - July 14	Complete Module 6. Complete Module 7. Complete Module 8. Complete Module 9 and take Exam #2 at the LRC (or by means of a proctor).

The entire calendar week that includes July 4th is considered a holiday, and is NOT one of the academic weeks.)

Part Three:
Regulation of Industry and Equitable Returns for Labor, Land, and Capital

Week 09: July 17-July 21
Week 10: July 24-July 28
Week 11: July 31-August 04

Complete Module 11.
Complete Module 12.
Complete Module 13.
and take
Exam #3 at the LRC
(or by means of a proctor).

Scan Module 14. If you wish, your third exam will consist of 33 questions (at 3 points per question for each hundred points) including Module 14.

Alternatively, you may elect to answer only the first 25 questions (at 4 points per question for each hundred points) over only Modules 11, 12, and 13.

Summer Session:
Summer Session begins May 22 with last day of classes Aug 04.
All work (three exams and four projects) must be in the instructor's hands or in the PHCC Learning Resource Center by Saturday, 5 PM Aug 05, 2006.

Where to take your exams:

Exams may be taken 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

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.

Bonus point quizzes open and close automatically on BlackBoard's Course Information tab the day before Lesson Plan 1 and the day after Lesson Plan 2.

You can see your immediate bonus point(s) being recorded on MyScore in BlackBoard.

Pre and Post-study quiz reminders have this symbol:

Timeline also contains a link and suggested starting points for completing Projects 1 through 4, marked by this symbol:

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

Introduction - How to use the Quick Links in these modules.

Module 1

Assignment

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title:
Elasticities of Demand
and Supply

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan 2.

Bonus Points
Use Course Information tab on BlackBoard to link to Pre-study quizzes (before you read an assigned chapter) and Post-study quizzes (after you have read an assigned chapter and completed the corresponding work in the study guide) .

Elasticity: An Active Learning Game
(Played with economists and non-economists at the Chesapeake Campus of Tidewater Community College)

Click http://fpwww.ph.vccs.edu/eco/202w1/ElasticityAnActiveLearningGame.htm

Timeline

Students should keep up with the following timeline:

ECO202W1

Pre-study quizzes Lesson Plan Part I	May 23, 2005 May 24-25, 2005
Lesson Plan Part II Post-study quizzes	May 26-27, 2005 May 28, 2005

Additional Help

Bonus Points

You can earn up to 1/2 letter grade by completing optional bonus point quizzes.

Bonus point quizzes are found under Course Information tab on BlackBoard.

Pre-study quizzes can be taken the day before Lesson Plan Part 1 is scheduled.

Post-study quizzes can be taken the day after Lesson Plan Part 2 is scheduled.

Most (but not all) course objectives have these quizzes created.

Quizzes are only available when scheduled above. Results are graded immediately and can be observed under MyScores in BlackBoard.

Server Failure

If BlackBoard server fails:
(1) use Internet Explorer to link to the instructor home page: http://164.106.143.4/eco and
(2) then click on the homepage for Principles of Economics I.

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-price elasticity.

Module 2

Assignment

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title:
Efficiency and Fairness
of Markets

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	May 30, 2005
Lesson Plan Part II	May 31, 2005

Additional Help

Bonus Points

Don't forget the pre- and post-study bonus points!

Proctor Request

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

Have you begun Project #1?

Sample Cover

Click this bookmark to get started!

I'm watching to see that I receive Project #1 on Module 5 Part 1!

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
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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title:
Government Influences
on Markets

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 01-02, 2005
Lesson Plan Part II	June 03, 2005

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

PowerPoint Slides

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title:
Externalities

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 06, 2005
Lesson Plan Part II	June 07, 2005

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 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.

Course Objectives

Prepare for Exam #1 using these:

Course Objectives

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 08, 2005
Lesson Plan Part II	June 09-10, 2005

Project #1 is due during
Module 5 Part 1

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. of the red Need-to-Know menu of the syllabus.

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Production
and Cost

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following
timeline:

ECO202W1

Lesson Plan Part I	June 13-14, 2005
Lesson Plan Part II	June 15, 2005

Bonus Points

Don't forget the pre- and post-study bonus points!

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Perfect Competition

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO20201 &
ECO202W1

Lesson Plan Part I	June 16, 2005
Lesson Plan Part II	June 17, 2005

Have you begun Project #2?

Sample Cover

Click this bookmark to get started!

I'm watching to see that I receive Project #2 on Module 10 Part 1!

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Monopoly

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 20-21, 2005
Lesson Plan Part II	June 22, 2005

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Monopolistic Competition

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 23, 2005
Lesson Plan Part II	June 24, 2005

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.

Course Objectives

Prepare for Exam #2 using these:

Course Objectives

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	June 27-28, 2005
Lesson Plan Part II	June 29-30, 2005

Project #2 is due during
Module 10 Part I

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.

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.

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

Assignment &
Course Objectives

Timeline

Daily Class Outlines
&
PowerPoint Slides

Chapter Overview

Module 11

Assignment

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Oligopoly

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	July 01 and 11, 2005
Lesson Plan Part II	July 12-13, 2005

No classes July 04-08, 2005
Enjoy your summer session holiday!

Bonus Points

Don't forget the pre- and post-study bonus points!

Have you begun Project #3?

Sample Cover
Click this bookmark to get started!

I'm watching to see that I receive Project #3 on Module 15 Part 1!

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Regulation
and Antitrust Law

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	July 14, 2005
Lesson Plan Part II	July 15, 2005

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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Demand and Supply in Factor Markets

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	July 18-19, 2005
Lesson Plan Part II	July 20, 2005

Have you begun Project #4?

Sample Cover
Click this bookmark to get started!

I'm watching to see that I receive your Final Exam before the deadline at the bottom of the 15-Module Calendar!
(Project #4 is the Final Exam.)

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
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

(1) For optional bonus points, take the pre-study quizzes on the day before Lesson Plan 1.

(2) Read & Study:

Chapter Title: Inequality, Poverty, and Redistribution

in your text and study guide.

Course Objectives

(3) Master these:

Course Objectives

(4) For optional bonus points, take the post-study quizzes on the day after Lesson Plan II.

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	July 21, 2005
Lesson Plan Part II	July 22, 2005

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.

Course Objectives

Prepare for Exam #3 using these:

Course Objectives

Timeline

Students should keep up with the following timeline:

ECO202W1

Lesson Plan Part I	July 25-26, 2005
Lesson Plan Part II	July 27-28, 2005

Project #3 is due during
Module 15 Part I

Be a participant in
Team Presentation #3

or

Turn in your 3rd 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.

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 your

Final Essay

before the deadline mentioned under the timeline.

Timeline

Students should see that all graded work is received by the instructor electronically or in hard copy before the deadline mentioned below.

ECO202W1

Lesson Plan Part I

Summer 2005
5 PM Monday, August 01, '05

Project #4, the Final Exam, is due by the Deadline.

Turn in your issue-paper #4. Reports on issue-papers from two other students are not required.

A team presentation is NOT an option.

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.

Daily Class Outlines

Your Instructor is Watching and Waiting for Your Results.
Send him an email when you have turned in your issue-paper or presentation and final essay so they can be promptly graded.

Overview

Your final essay consists of ten paragraphs described in item 10 of the link called How to Prepare for Graded Micro Exams, Issue-Papers, and Presentations. of the red Need-to-Know menu of the Syllabus.

Take a look at what's available in Macroeconomics!

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:

Monday
August 01, 2005

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.

Picnic.jpg (38661 bytes)

Have a great summer!

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	May and May , 2006	one alternate	two alternate	Checkpoints
2	Efficiency and Fairness of Markets	and	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

Patrick Henry Community College Logo

Hit Counter

Last update: 08.28.2006

Page Created and Modified by Tom Meyer

Love for Econ Springs Eternal !

Principles of Economics II Microeconomics Summer 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

Introduction - How to use the Quick Links in these modules.

Chapter Title: Elasticities of Demand and Supply

Chapter Title: Efficiency and Fairness of Markets

Chapter Title: Government Influences on Markets

Chapter Title: Externalities

Presentation #1 (or) Issue Paper #1

and

Review for Exam #1

______________

During Lesson Plan Part II,

take Exam #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

______________

During Lesson Plan Part II,

take Exam #2.

Review Session

followed by

Exam #2

Third Block of Study Regulation of Industry 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

______________

During Lesson Plan Part II,

take Exam #3.

Review Session

followed by

Exam #3

Take a look at what's available in Macroeconomics!

Principles of Economics II
Microeconomics
Summer

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

Chapter Title:
Externalities

Presentation #1 (or)
Issue Paper #1

Second Block of Study

How Firms Maximize Profits in Different Market Environments

Chapter Title: Production
and Cost

Presentation #2 (or)
Issue Paper #2

Third Block of Study

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

Chapter Title: Regulation
and Antitrust Law

Presentation #3 (or)
Issue Paper #3