Cal Poly Pomona - DOC by V3hL21


									Cal Poly Pomona, Spring 2011                                       Office: 1-339; Phone: (909) 869-5074
Professor: Bruce Brown                                             email:
Office Hrs. Tu 10-12; Th 10-1:00

        Economics 201 -- Principles of Microeconomics - HYBRID Section 8 (CRN 11507)

Three Mandatory In-Class Meetings, in 1-309, 6 PM Tuesdays: 1/4; 2/15 (midterm) and 3/15 (final)
Two websites will be used:
 - Blackboard platform at:
 - Aplia website at: course key codes: 4AY8-PKME-XY5R

This class is conducted primarily via the Internet - including assignments quizzes and reading.

Required Materials:
 Principles of Microeconomics, 5th edition, by N.G. Mankiw. An eBook version is provided with the mandatory Aplia
software, which costs $90. Students who desire a hard copy may purchase this WITH APLIA ACCESS CODE at the
Bronco Bookstore. Students who obtain a version of this text without the Aplia access code, must ALSO purchase Aplia
access for $90. Previous editions are similar (except Chapters 16 & 17 are switched), so paying $90 to Aplia, and also
purchasing an earlier edition is an option for students desiring a hard copy as well as the eText.
        The mandatory Aplia software serves two connected functions in this class: i) a means to obtain an electronic
version of the text, accessible online, and ii) for completion of required problem set assignments.

Background and Motivation:
Economics can be defined as “the study of allocation of scarce resources by societies, firms, and households.” Although
many definitions exist, most include the terms “allocation” and “scarcity.” While economics is closely related to business
management, it is not directly about how to run a business firm or how to make money in the stock market. Nonetheless,
economic reasoning is useful and should indirectly help individuals make beneficial market decisions. The relationship
between economics and business is similar to that between physics and engineering. In both comparisons the former is
more theoretical, and the latter more applied.

Economics is a “social science” along with political science, sociology, anthropology, and psychology. It analyzes the
behavior of people. Economics focuses directly on individual consumers and producers and how their interaction in
markets can influence resource allocation (who gets what). In contrast, sociology focuses directly on groups, their goals,
perspectives and behavior. At some universities the economics department is in the business school (e.g., Cal State
Northridge), while at others it is grouped with social sciences (e.g., Cal Poly Pomona, where it is in the College of Letters
Arts and Social Sciences, or “CLASS”).

Microeconomics (EC201) examines the behavior of producers, consumers, and governments in the economy and how
these decision making “agents” interact within markets. It addresses determination of prices in individual markets and
how price changes effect production and consumption. In contrast, Macroeconomics (EC202) focus on aggregate or
economy-wide values such as national output, unemployment, interest rates, and price inflation (or deflation). Expect to
read the text several times in order to understand the material.

Course Goals for Students:
  1) Gain a basic understanding of economic ways of thinking and approaching questions.
  2) Be able to use simple theory to analyze real world issues.
  3) Understand and be able to use the terminology of economics.
  4) Understand how microeconomic principles relate to the daily decisions and activities of individuals, groups of people,
businesses, and government.
  5) Appreciate how economics can provide a basis for understanding how economic forces condense information used to
make choices.
The course grade is exclusively determined by performance on the following assignments.
Aplia Problem Sets                      24%            120 points
Quizzes (on-line)                       24%            120 points
Attendance (two in-class meetings       2%              10 points
Midterm (in-class)                      20% or 0%      100 or 0 points
Final (in-class)                        30% or 50%     150 or 250 points

Grade distribution:      A: 85 % - 100 % of possible points; (e.g., 425 or more points)
                         B: 75 % - 85 % “               “ (e.g., 375 – 424 points)
                         C: 60 % - 75 % “               “ (e.g., 300 – 374 points)
                         D: 50 % - 60 % “               “ (e.g., 250 – 299 points)
                         F: below 50 % “                “ (e.g., below 250 points)
Aplia software is required. It provides mandatory online “assignments” as well as the eText. Students must sign up and
purchase Aplia access at

Use your Cal Poly email address and enter your Cal Poly Bronco ID number when registering. Aplia problem sets must
be submitted online by 11:45 PM, Saturday evenings. After exactly 11:45 PM it will be impossible to submit the problem
sets. The answers will be available on Sunday, and reviewing one’s performance on the Aplia problem sets will be
helpful to study for the quizzes, due Sunday evenings.

Quizzes will be taken online on the Blackboard course site. Ten weekly quizzes will be assigned with the lowest two quiz
scores dropped (Week 3 has two quizzes due: quiz 2A and quiz 2B, so although the last quiz, “#9” is actually the tenth
one). They will be due Sunday Evenings at 11:45 PM. Quizzes close at exactly 11:45 PM and may not be retaken after
this point. Each quiz has 15 objective questions. Since only two quizzes will be dropped, more than two mistakes or
computer problems will directly hurt a student’s grade. Students should read and study the material before taking the
quizzes. Trying to “find” the answers after one has started the quiz is not a good way to learn the material or prepare for
the final exam. Quiz answers will only be provided after the quiz due date. Students my “work together” on the quizzes
and Aplia problem sets, but realize students will see different quiz questions.

Exams: The midterm will be given at the end of class seventh week, Tuesday evening 2/15 (8-9:50 PM), and will count
for 20% of the course grade. The final exam will be given Tuesday evening, 3/15 from 6-8 PM. For students who score
better on the final exam, the midterm will be dropped and the final will count for 50% of the course grade. All students
should take the midterm as the final will have a similar format. The final is mandatory – no late exams will be given. If a
student has a written, verifiable reason why they can not attend the final exam and provides this before grades are
submitted, they will receive an I. A student who misses the final without an acceptable verifiable reason will receive an F
for the course. Academic dishonesty will result in an “F” grade for the class, and will be reported to Cal Poly’s Director
of Judicial Affairs. Examples of academic dishonesty (e.g., plagiarism, cheating during exams, use of unauthorized study
aids, document falsification) are defined in the university catalog under Policies and Regulations: Academic Integrity.
Students must bring a scantron #882 (or 882E , or 882E-Lovas) and a photo ID to both exams.
There will be no extra credit assignments.

I prefer students ask general questions via the course discussion board, so that other students may see your question, and
perhaps comment on it or answer it. In addition my responses will be available to all students. I encourage students to
post comments, but this will not directly influence course point totals and grades.

Although the Aplia problem sets are due Saturdays 11:45 PM and quizzes Sundays 11:45 PM. Students may complete
these any time prior to the due date. Quizzes are open for 1 hour after started by a student, and may not be retaken.
Students have one hour from opening a quiz for the first time to complete it. If a student’s quiz is open for more than an
hour, points will be removed from their score, so pay attention to the time.
Course Outline:
Week 1 – Introduction; Two websites, Ch. 1. Meet Tuesday 1/4; 6-9:50 PM in 1-309
Week 2 – Quiz 1: Ch 1 (PPT); Ch 2 (PPT); Ten principles, production possibility frontier (PPF)
Week 3 – Quiz 2A: Ch 4 (Presenter); Supply and demand
       – Quiz 2B: Ch 5 (Presenter); Elasticities - demand, income, cross-price, and supply
Week 4 – Quiz 3: Ch 6 (Presenter); Ch 7 (Presenter); Floors & ceilings, per-unit tax, consumer & prod. surplus
         Quiz 4: Ch 8 (Presenter); tax and efficiency
Week 5 – Quiz 5: Ch 12 (PPT); Ch 13 (Presenter) Tax systems; production & cost.
Week 6 – Quiz 6: Ch 14 (Presenter); Ch 15 (Presenter); Perfect competition, Monopoly & price discrimination.
Week 7 – Meet Tuesday 2/15, 6-9:50 PM, Midterm in 1-309
Week 8 – Quiz 7: Ch 16 (PPT); Ch 17 (PPT); Oligopoly and Monopolistic Competition.
Week 9 – Quiz 8: Ch 10 (PPT); Ch 11(PPT); Externalities and Public Goods.
Week 10 – Quiz 9: Ch 3 (PPT); Ch 9 (PPT); International trade with PPF and supply/demand models.

Final Exam, Tuesday 3/15/11, 6-8 PM, in 1-309

- Any revisions to this syllabus will be sent by bulk email to student email address or posted online.

Hybrid Section Requirements:

1) Hard and Software requirements: Students must have current Windows or Mac OS, Flash player to view “Adobe
Presenter” presentations, with all updates and drivers to view course materials. If your home computer does not fulfill the
minimum requirements, students may use computers on campus.

2) Email: Check your Cal Poly email address at least once every other day. When sending emails clearly identify
yourself as a student in the EC 201 hybrid section. Do not email questions which are relevant for the entire class, but
rather post such questions on the Blackboard course discussion board.

3) Check announcements on Blackboard Site regularly.

4) Students must attend face-to-face class meetings.

5) Students requiring technical help must directly contact either i) IIT helpdesk (phone: 909.869.6776, e-mail: or ii) Aplia ( )

6) All assignments must be completed on time. Individual technical difficulty in not an acceptable excuse.

7) Materials associated with this class are for your exclusive use as a student at Cal Poly Pomona.

Content will be delivered via:

1) The text, available via Aplia (or hardcopy if you have purchased this).

2) Narrated PowerPoint presentations and associated slides as printable pdf files contained in the Modules.

3) Additional Material on the Blackboard Course page
        a) Linked material (e.g., 10 principles in Chapter 1)
        b) Simulations and numerical examples (e.g., for Ch 4)
        c) Publisher PowerPoint slides for material not covered by the Narrated Presentations:
                (Ch. 1, 2, 3, 9, 10, 11, 12, 16, & 17)
        d) Discussion Board questions and answers

4) Ordinary PowerPoint slides at

5) The two in-class meetings prior to the final, where technical material and course content will be presented.

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