DR. NANCY VIRTS
OFFICE HOURS: Office hours will be held Tuesdays and Thursdays from 9:30-11:00, and by
appointment in Juniper Hall 4256. My office phone number is 818-677-2434. The Economics
Department has moved to Juniper Hall 3125. The phone is 818-677-2462. My e-mail address is
TEXT: The text for this course is: Principles of Microeconomics Gregory Mankiw. The Aplia
software used to do the class homework comes with an online version of the textbook.
EXAMS: There will be two midterm exams each worth 100 points and a comprehensive final
worth 200 points. All exams will have both multiple choice and problems. Students should ask to
be excused from an exam only for illness or other emergencies of similar magnitude. To be excused
from an exam the student must notify the professor as soon as possible, but no latter than the day of
the exam. No make-up midterms will be given under any circumstances. The grades of students
who are excused from tests will be based on the tests taken and final exam. (midterm 100 points,
final 200 points) You cannot pass this class without taking the final exam. It will be given only at
the time scheduled , which is May 17 from 10:15-12:15. I will not reschedule the final to
accommodate your work schedule, travel plans or for any reason other than a medical
HOMEWORK: There will be weekly homework assigned using the Aplia software. ( Information
about Aplia including how to purchase is given at end of syllabus.) The course outline in Aplia
gives the due date for the homework. Homework will usually be due Tuesday mornings at 11 am,
but not always. It is the student's responsibility to check the outline. The homework is worth 30
points. ( I will take your percentage correct after dropping the three lowest assignments and
multiply by 30)
Aplia assignments: You can change your answers as many times as you like before the problems
are submitted. After the assignment is submitted Aplia displays the correct answers and
explanations for graded problems. If you are not satisfied with your grade, you can do a similar
problem again and your score will be averaged. The graded problem sets have a firm due date.
Once the due date passes, Aplia records your grade and you can no longer change your answers or
complete the assignment. In other words, Aplia assignments must be done by the due date. There
will be not late work accepted regardless of circumstances. However, I will drop the 2 lowest
scores. The software does not understand excuses. Do your assignments early to keep last minute
emergencies from getting in your way.
You should check the Aplia website regularly. Any assignments and class announcements will
be on it.
CLASS PARTICIPATION: I will track your participation through your answers to questions
using your clickers. On Thursdays I will give a 5 point quiz using the clickers. You must have
your clicker to take the quiz. I will not excuse student absences for any reason, but I will drop the
lowest 2 grades.
GRADES: Grades in the class will be based on exam, class participation and homework scores
only. No extra credit work will be given after the class has ended. No adjustments will be
made for personal circumstances. The following scale will be used:
A - 84
CLASS POLICY: Incompletes: Incompletes will be given only under the most extreme
circumstances (e.g. serious illness verified by a physician) and only if the student is passing the
course. In such cases the student must notify the instructor no later than the day of the final exam
and complete the administrative procedures necessary before final grades are submitted. An
incomplete may not be assigned when a student would have to retake a course. According to
University policy, an incomplete may not be assigned when a student would have to retake a
Drops: The university drop policy allows students to drop online during the first three weeks of
the semester. Enrollments recorded by the end of the third week of instruction are considered
official and unalterable. Partial and complete withdrawals should be completed by the end of the
third week so that students on waiting lists can be accommodated in Week 4. In order to drop
classes during the fourth week of instruction, students must seek approval from the instructor and
department chair of the course. Students seeking schedule adjustments during the fourth week of
instruction should do so early in the week to ensure that they obtain all required signatures and
submit the form to Admission and Records before the deadline.
Students are solely responsible for enrolling or withdrawing from classes through SOLAR during
Weeks 1-3 or through filing a Change of Schedule Petition during Week 4. Instructors cannot
officially add or drop students. Changes in academic schedules after the fourth week are rarely
approved and only in cases where the student can provide written proof of extraordinary
circumstances that have arisen from events beyond his or her control. Information on complete and
partial medical withdrawals (includes taking care of a sick relative) is posted here:
Absences: Students are responsible for all material present in class. Students who miss class for
any reason must make arrangements to get notes from another student.
Academic Dishonesty: All University rules and regulations concerning academic dishonesty will
be strictly enforced. University rules prohibit cheating, fabrication, facilitating the academic
dishonesty of another student, and plagiarism. If you engage in any of these activities in this class,
you will fail the class. A letter will be sent to the appropriate campus officials requesting
disciplinary action which may include suspension and expulsion from the University.
COURSE OBJECTIVE: To provide students with analytical tools and institutional knowledge
that will help them to understand how markets work.
I. Introduction and Overview of Economics
Chapters 1-2 1 week
II. Gains from Trade
Chapter 3 1 weeks
III. Supply and Demand
Chapters 4-6 3 weeks
Midterm 1 3/3
IV. Welfare and Markets
Chapters 7-9 1 week
V. Firm Behavior and Market Structure
A. Costs of Production
Chapter 13 1 weeks
B. Perfect Competition
Chapter 14 1 week
Chapter 15 1 week
Midterm 2 3/29
D. Oligopoly and Monopolistic Competition
Chapters 16,17 1 week
VI. Market Failure
Chapters 10,11 1 week
Final May 17 from 10:15-12:15
How to access your Aplia course
Virts, Prin of Micro by Mankiw 5e, Spring 2011
Instructor: Nancy Virts
Start Date: 01/24/2011
Course Key: XS6N-49RH-8TLB
Aplia is part of CengageBrain, which allows you to sign in to a single site to access your
Cengage materials and courses.
1. Connect to http://login.cengagebrain.com/
2. If you already have an account, sign in. From your Dashboard, enter your course
key (XS6N-49RH-8TLB) in the box provided, and click the Register button.
If you don't have an account, click the Create a New Account button, and enter your
course key when prompted: XS6N-49RH-8TLB. Continue to follow the on-screen
Online: Purchase access to your course (including the digital textbook) from the
CengageBrain website for US$90.00.
Bookstore: Purchase access to Aplia from your bookstore. Check with the bookstore to find
out what they offer for your course.
After paying, you will have the option to purchase a physical book from the Aplia website at a
discounted price. If you choose to pay later, you can use Aplia without paying until 11:59 PM