Course Syllabus

Course Information

Course Prefix/Number: ECN201

Semester: Summer 2020 Session 1 (6 weeks)

Class Days/Times: Online

Credit Hours: 3

Course Title:   Principles of Microeconomics

Room: Online

Instructor Information:

Name: Neal M Wade

Text 520-403-0002

Phone/Voice Mail:520-383-0039                     

E-mail: nwade@tocc.edu       

Office location: Ha-Mascamdam Ha-Ki #120

Office hours:  TBD

Important Dates

Course Description: Economic theory as applied to the operation of the economy as a whole.

Includes economic decision making, economic systems, production possibilities model, and market analysis. Also includes goals and problems of the microeconomy, foundations of the microeconomy, fiscal policy, budgets, money, the role of financial institutions and the Federal Reserve, money creation, monetary theory and policy.

Course Objectives:

During this course students will

>Understand the differences and similarities among competing theories of aggregate

supply, aggregate demand, and national income and output determination.

>Demonstrate how these theories explain business cycles and understand the fiscal and

monetary policy and their effectiveness on those competing theories.

> Describe the determinants of economic growth and their effects on environmental

sustainability using quantitative reasoning, and critical thinking, as well as the impacts of

technology on those determinants.

> Exhibit a basic understanding of balance of payment accounts and the exchange rates

among currencies.

> Demonstrate an understanding of the concepts, methods, theories, and efficiencies of

unemployment rate reduction, economic growth rate stabilization.

>Develop and test theories about how the overall economy works, improve international

competitiveness of the U.S. financial markets, and maximize the efficiency of

government intervention in the marketplace.

Student Learning Outcomes (SLOs) : (Three to Six)

After completion of the course students will be able to:

>Define scarcity, microeconomics and macroeconomics, economic theory and economic

policy, factors of production, production possibilities model, and opportunity cost.

>Explain a market and the Invisible Hand principle, society’s basic economic decisions,

and the market economy as compared and contrasted with the planned economy.

>State and illustrate the Law of Demand, Law of Supply, equilibrium price and quantity,

determinates that shift demand, supply, and the economic concept of elasticity.

>Describe the functions of money, the components of money supply, the functions of the

Federal Reserve, and the role of financial depository institutions.

>Discuss the role of fiscal policy as a tool used for macroeconomic stability.

>Summarize the factors affecting economic growth, macroeconomic trade-offs, and major

macroeconomic viewpoints.

Course Structure:

This course will consist of Lecture, Discussion, Reading, Research and Examination.

Students will be expected to be prepared for class by completing the reading assignments and have all home completed as assigned.

Texts and Materials: Principles of Microeconomics 2e; Greenlaw & Shapiro

Evaluation and Grading & Assignments

DIscussions : 240

Homework 1000 pts

Project or Midterm & final 200 pts

Total possible 1440 points

Grading Procedures and Policy

1296 pts+      “A”

1152-1295 pts “B”

1008-1151 pts “C”

864-1007 pts   “D”

863 pts or less   “F”

Himdag Cultural Component: This class will continue to demonstrate how economic activities of the Tohono O’Odham nation and its citizens are affected through the activities of the United States and other countries.

Policies and expectations- minimally

ADA

Tohono O’odham Community College complies with

the Americans with Disabilities Act of 1990 and Section

504 of the Rehabilitation Act of 1973, as amended. In addition, TOCC complies with other applicable federal and state laws and regulations that prohibit discrimination on the basis of disability.

Reasonable accommodations, including materials in an alternative format, will be made for individuals with disabilities when a minimum of five working days advance notice is given. Students needing accommodations are encouraged to contact the Vice President of Student Services, at (520) 383-8401. For additional information, see the TOCC Student Handbook.

Course Outline:

Understand the differences and similarities among competing theories of aggregate

supply, aggregate demand, and national income and output determination.

 Demonstrate how these theories explain business cycles and understand the fiscal and

monetary policy and their effectiveness on those competing theories.

 Describe the determinants of economic growth and their effects on environmental

sustainability using quantitative reasoning, and critical thinking, as well as the impacts of

technology on those determinants.

 Exhibit a basic understanding of balance of payment accounts and the exchange rates

among currencies.

 Demonstrate an understanding of the concepts, methods, theories, and efficiencies of

unemployment rate reduction, economic growth rate stabilization

 Develop and test theories about how the overall economy works, improve international

competitiveness of the U.S. financial markets, and maximize the efficiency of government intervention in the marketplace.