Schedule of Classes for Spring 2017 Principles of Microeconomics Week #1 Day Class # and Topic Assignment Reminders/Information Monday, January 16 No Class MLK Day Purchase McGraw-Hill Course Connect materials. Blackboard and McGraw-Hill are open. Begin by opening the Getting Started Folder on Blackboard where you will find the syllabus, the McGraw-Hill registration instructions and the list of QuickStart activities. Wednesday, January 18 Class #1 Course Welcome to Economics! Rational Decision Making Read Syllabus thoroughly and register for McGraw-Hill. Begin working through QuickStart activities. Be sure that you are registered in the correct class on for your course materials. Bring your Smart Device to class. See posted on Blackboard under Modules QuickStart activities #1-#5 are due by Friday, January 27th at 5:00 pm. Friday, January 20 Class #2 Class Tools Work on QuickStart activities #1-5 Explore all the resources available to you on McGraw-Hill. See posted notes on Blackboard under Modules QuickStart activities #1-#5 are due by Friday, January 27th at 5:00 pm. Learning Objectives for week #1: Demonstrate your understanding of the way learning will occur in this course in class and by working through QuickStart activities. Demonstrate your familiarity with the we will use for learning in this course in class and by working through QuickStart activities. Demonstrate your understanding of the economic way of thinking in and by working through the QuickStart activities.
Week # 3 Day Class Topic Assignment Reminder/Information Monday, January 30 Class #6 Theory of the Business Firm ILA #1 Part One: videos & questions due today at 8:00 am. The assignment has been open for one week. See posted on Blackboard under Modules ILA #2 is open. Part One is due at 8:00 am on 2/6 and Part Two is due at 5:00 pm on 2/10. Wednesday, February 1 Class #7 Production See posted notes on Blackboard under Modules Friday, February 3 Class #8 Online Theory of the Business Firm/Production Blackboard Discussion Question ILA #1 Part Two LearnSmart Achieve due today at 5:00 pm. The assignment has been open for 11 days. No in-person today! You have your Discussion Board Assignment. This assignment, which counts as one of your 10-point Class Community Learning Activities, is only open for the 50 minutes during which our class would normally meet. ILA #1 Part Two LearnSmart Achieve due today at 5:00 pm. The assignment has been open for 11 days. ILA #2 is open. Part One is due at 8:00 am on 2/6 and Part Two is due at 5:00 pm on 2/10. No office hours today – Blackboard Discussion Question instead. Learning Objectives for Theory of the Business Firm and Production - week #3: Determine whether a cost is implicit or explicit. Calculate economic and accounting profits. Calculate a firm's total, marginal, and average product. Calculate a firm's fixed, variable, and total costs of production Calculate a firm's average costs of production. Calculate a firm's marginal costs of production. Describe the relationship between marginal cost and average cost and between marginal cost and average variable cost. Illustrate the relationship between the short- and long-run average total cost curves. Describe the shape of the long-run average total cost curve as it relates to decreasing, constant, and increasing average total costs.
Wednesday, 1 Class #19 Review of Unit Test One Bring grade record form, posted on Blackboard, to class. Are you taking advantage of my office hours? Of Homework Help? Friday, March 3 Class #20 Resources Introduction to Unit Two ILA #5 is open. Part One is due at 8:00 am on 2/20 and Part Two is due at 5:00 pm on 2/24. Study Hints for Exam: Every week, there has been a list of learning objectives. Each of these learning objectives was met in class AND in your MH assignments. Begin by matching learning objectives to our notes, activities and your ILA homework. Next, there are two ways for you to prepare with your McGraw Hill materials. You can go back to the course section homepage and review any of the assignments from unit one; you can re-watch the videos, review the questions or refresh on LearnSmart Achieve and/or you can go to the e-text and read through each section. Learning Objectives for Assessment Week #7: Solidify understanding of unit one concepts. Explain why right answers are correct on the unit one exam. Explain why incorrect answers are wrong on the unit one exam. Recognize learning progress to date in the class. Identify how to meet goals for the course. Week #8 Date: Class # and Topic Assignment Information Monday, March 6 Class #21 Resources Prices and Utilization ILA #5 Part One: videos & questions is due at 8:00 am. The assignment has been open for one week. See posted notes on Blackboard under Modules ILA #6 is open. Part One is due at 8:00 am on 3/20 and Part Two is due at 5:00 pm on 3/24. I have opened this early in case you want to complete it before the break. Wednesday, March 8 Class #22 Resource Prices and Utilization See posted notes on Blackboard under Modules Are you taking advantage of my office hours? Of Homework Help? Friday, 10 Class #23 Online ILA #5 Part Two LearnSmart Achieve due today at 5:00 pm. The assignment has been open for 11 days. ILA #5 Part Two LearnSmart Achieve due today at 5:00 pm. The assignment has been open for 11 days.
Week #13 Date: Class # and Topic Assignment Information Monday, April 17 Class #21 Elasticity ILA #9 Part One: videos & questions is due at 8:00 am. The assignment has been open for one week. See posted on Blackboard under Modules ILA #10 is open. Part One is due at 8:00 am on 4/24 and Part Two is due at 5:00 pm on 4/28. Wednesday, April 19 Class #22 Elasticity See posted on Blackboard under Modules Are you taking advantage of my office hours? Of Homework Help? Friday, April 21 Class #23 Other Elasticity Measures ILA #9 Part Two: LearnSmart Achieve assignment is due today at 5:00 pm. This assignment has been open for 11 days. ILA #10 is open. Part One is due at 8:00 am on 4/24 and Part Two is due at 5:00 pm on 4/28. Learning Objectives for Elasticity - week #13: Define elasticity and its role in economics. Calculate the price elasticity of demand. Define the midpoint formula and describe the reasoning behind its use. Interpret the numerical found by calculating the price elasticity of demand for a good or service. Explain why the elasticity of demand changes along a linear demand curve. Use the elasticity of demand to determine how revenue will change in response to a change in price. Predict how the number of substitutes or the proportion of income spent on a good or service will affect the elasticity of demand. Calculate the elasticity of demand for both substitutes and complements and interpret the results. Calculate the income elasticity of demand and determine whether the good or service is normal or inferior. Calculate the price elasticity of supply. Interpret the numerical value found by calculating the price elasticity of supply for a good or service. Contrast the elasticity of supply in the immediate period, run, and long ru