SYLLABUS FOR PRINCIPLES OF ECONOMICS II

Course Number: ECN 211X

Instructor: Mr. Terry Ferrari

Office: Room # 519

Office Phone: 312-322-5479; 800-333-0894 ext. 5479; 219-473-4275

E-mail: Terry.R.Ferrari@chi.frb.org

Office Hours: Wednesday and Thursday, 5:30-7:00 p.m. *

* Availability will be at the classroom rather than at the office.

Course Time: Thursday, 7:00-10:00 p.m.

Course Description: This course serves as an introduction to microeconomics. It includes such topics as the theory of consumer demand, economics of the firm, price theory, market structures, the pricing and employment of resources, and income distribution.

Prerequisites: MTH 160 (or equivalent), ECO 210, or consent of program director.

Textbooks: Economics Principles, Problems, and Policies, 14^th Edition (1999) by McConnell and Brue

If an instructor or other Calumet College of St. Joseph personnel find that a student has plagiarized or been involved in another form of academic dishonesty, the instructor or other personnel may elect to bring the matter up for judicial review. The maximum penalty for any form of academic dishonesty is dismissal from the College. The procedures for judicial review are listed under the section of CCSJ handbook that addresses student grievances.

Calumet College of St. Joseph adheres to citation guidelines as prescribed by the particular discipline (i.e., MLA, APA, Chicago Manual of Style or Turabian.). All of these guidelines are available in the Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of sources, including electronic media.

After the last day for class changes has passed (see College calendar), students may withdraw from a course in which they are registered with permission from the faculty member conducting the course. A written request detailing the reason(s) for the withdrawal must be filed with the Registrar. Written request for withdrawal must be received by the Registrar by the last day of classes prior to the final examination dates specified in the catalogue. Written requests may be mailed to the Registrar or faxed to the College fax number 219-473-4259. Students are to make note of the refund schedule when withdrawing from courses. The request is forwarded to the faculty member, who makes the final determination to accept or deny the request. If the request is honored, the student will receive notification of official withdrawal; if denied, the notification will indicate why the withdrawal is disallowed. Note: Degree Completion Division (DCD) students should consult the DCD Student Handbook for information on DCD withdrawals.

An official withdrawal is recorded as a "W" grade on the student's transcript. Dropping acourse without written permission automatically incurs an "F" grade for the course (see Refund Schedule).

Class Policy on Attendance: Students are expected to attend all class sessions. If possible, absences should be discussed in advance. If absences are not anticipated, students should contact the instructor for make-up work.

Class Policy For Assignments: Students are expected to complete all assigned work. Extra credit is available for the completion of any other work that is not specifically assigned.

Students in this course will:

• Be able to apply microeconomic theory to various fields including product and resource markets, government and current economic problems, and the world economy.
• Be able to illustrate the usefulness of economic analysis.
• Be able to develop basic economic reasoning.

Students will be required to take five short answer/essay tests and submit a short written project. Tests are weighted based on length. The project will reflect an average of the tests taken. Extra credit exercises are available and will be added on to any points accumulated throughout the semester.

The chapter review questions will be short answer essay. The project should not exceed two pages in length. Details will be provided in class.

Students are expected to participate actively in class discussions.

January 13 Chapters 20-21: Demand/Supply and Consumers

January 20 Chapters 22 AND 26: Production Costs, Technology, etc.

January 27 Chapters 23-24: Competition and Monopoly

February 03 Chapter 25: Monopolistic Competition and Oligopoly

February 10 TEST ON CHAPTERS 20-26; Chapter 27: Resource Demands

February 17 Chapters 28-29: The Pricing and Employment of Resources

February 24 TEST ON CHAPTERS 27-29; Chapter 30: Gov’t. and Market Failure

March 02 Chapters 31-32: Public Choice and Industrial Policy