Introduction to Microeconomics
This course is designed and guided by Creighton University's Jesuit heritage, to form leaders who use their business education to promote justice and improve the world.

Course Objectives: The aim of this course is to introduce you to economics and remove any incorrect notions of what you thought economics was all about. Economics is sometimes referred to as the “dismal science”. Students often hear this and think it is because of how abstract and boring it can be. This course will change this perception through some hard work from both you and I. We will develop the economic way of thinking looking at a broad range of topics. Furthermore, you will be able to apply the fundamental concepts of economics to your everyday life allowing you to make better decisions and better understand the decisions of others.

Course Description: This course will cover topics in microeconomics such as introductory economic principles, supply and demand, how prices work, productivity, cost analysis, labor economics, and public sector economics. This course will be mostly lecture/discussion format with online exercises from the textbook.

Required Textbook: 

Modern Principles: Microeconomics (Fourth Edition) by Tyler Cowen and Alex Tabarrok
4th Edition: ISBN-13: 978-1-319-09876-6

You must have access to the Sapling Learning Plus, which comes with the E-book along with online exercises to master the material.  

STUDENT INSTRUCTIONS FOR SAPLING LEARNING

-Go to www.saplinglearning.com, and click the Student button and follow instructions to create your account.

-Under Enroll in a new course, you should see Courses at C REIGHTON  UNIVERSITY

-Click to expand this list and see courses arranged by subj ect.

-Click on a subject to see the terms that courses are avai lable.

-Click on the term to expand the menu further (note that  Semester 1 refers to the  first course in a sequence and not necessarily the first term  of the  school year).

-Once the menus are fully expanded, you'll  see a link to a specific course. If this is  indeed the course you' d like to register for, click the link.

-To access your Ebook click on the image of the cover on the right sidebar of your course site. Create an account or log in with an existin g Macmillan Learning  Book account.

-Need Help? Our technical support team can be reached by phone or by webform  via the Student Support Community. Here are their hours a nd contact  information:  https://macmillan.force.com/macmillanlearning/s/contacts upport .

How You Will Produce

Exams: 40% 

There are 3 exams in total (Final Exam included). The exams will have two sections: multiple choice and written responses. The test will be announced the week prior. However, there is a tentative schedule at the end of this syllabus to give you a better idea of when they will be.

The second exam of the semester will be a take-home exam. The class will be canceled so that you can use that time to complete the exam. However, you will have approximately 10 days to complete this exam. Keep in mind, this semester, you will turn in the exam once you return from the Thanksgiving holiday. You will have ample time to complete the exam. However, if you procrastinate, you risk having to cram a more difficult exam during your holiday break. You may work with other students to complete this exam, but everyone must turn in their own test.

Grading: Each exam is graded out of 100 points. The multiple choice section is worth 50 points and the written responses are worth the other 50 points. For the written portion of the test, there will be n questions provided and you will have to answer n-1.

Economic Way of Thinking Write-Ups: 25%

This is your opportunity to put your economic way of thinking into practice. Select a current event, a scene from a movie, a song, an event in your life, or anything else you can think of, and apply economic concepts to analyze the topic. This is a 600-word blog-style post. Don’t print it out. Submit a Word Doc (.docx, .doc) or Google Doc via email. To obtain the full points (50 per post) you must use the economic concepts correctly, no grammatical errors, and have provided a unique perspective while demonstrating an unusual degree of intellectual initiative. No more than 700 words!

There will be two write-ups this semester. 


With your permission, the best post(s) will be lightly edited and published online at  ReasonablEconomics!


Online Learning Quizzes: 20%

There will be 10 online quizzes throughout the semester consisting of 20 multiple choice questions covering the prior chapters. If you are comfortable with the material, these quizzes should take no more than 20 minutes. These quizzes are graded on accuracy.

To help with the material, I will make available the Sapling Learning Curve exercises as well as videos, as supplemental resources to perform well on the quizzes.


Class Discussion/Participation: 15%

In class, we may break away from the lecture to engage in group discussions, problem sets, or other activities. Actively participating in these sessions is paramount to your internalizing of this material. In order to obtain the full points, simply come to class and participate in the group discussions.

This is the most subjective portion of the grade. Be memorable. I understand that some students may air on keeping to themselves and will not want to engage with other students. However, breaking through this mold will pay dividends throughout your undergraduate experience and professional life.

Creighton University is not only a place of learning but a place of community and network building. In order to be men and women for others, we must interact with others. Get your money's worth!

Grading: No Curving, No Surprises

Standard rules of rounding will be applied to your grade. For example, if you have a 89.5, I will round up to a 90, thus awarding you the A grade in the class. However, if you have a 76.4, you are getting the C!

My grading scale adheres to the definition provided by the Creighton University Grading System and Policy. So, in order to achieve the “A” in this class, you must demonstrate “outstanding achievement and an unusual degree of intellectual initiative.” The best way to reveal your unusual degree of intellectual initiative is in the written areas of this class. The exams, the online discussion, and two current event write-ups will offer you the opportunity to stand out and get the “A”.

Getting a “C+” demonstrates “performance beyond basic expectations of the course.” So, if you show up and complete everything with a little bit of effort, you will get the “C+”. Remember, “C’s get degrees.”

But, I know most of you probably do not want the “C”. So, put in a little more effort. Make your written and verbal discussions meaningful. Demonstrate a “noteworthy level of performance” or a “high level of intellectual achievement” and you will come out of here with a solid “B” or a “B+”.

If you miss out on the exercises or written assignments, demonstrate minimal engagement in the online discussions, and answer poorly on the exams you will land on the bottom rungs of the grading scale.

I do not curve the grades in the course, but I do offer one extra credit opportunity.   




















Extra Credit Opportunities

You can earn a maximum of 20 points in extra credit to be applied to your final exam score.

Option 1:
Attend events hosted by the Institute for Economic Inquiry. Attendance at any of the following events will earn you 5 points. This semester there will be 3 Food for Thought seminars which are public talks directed at students across Creighton’s campus. There will also be 3 Business, Economic Environment, and Policy (BEEP) research seminars for faculty and students across campus. The aim of the series of seminars is to “facilitate an active conversation about research among Creighton faculty and students, and to promote opportunities for collaboration and co-authorship, especially within the Heider College of Business.

Option 2:
Write a 10-page book review on a book in my  reading recommendations list. The paper must be double-spaced with page numbers. Also, direct quotes must be properly cited--(Author’s last name, page number). Please limit your use of direct quotes.

A good book review should include:
  • A summary of the content.
    • “What’s it saying?”
  • A critical evaluation of the content.
    • “Judge the book by its guts.”
  • Applications and audience appreciation.
    • “Who and what is this book good for?”

The review will ultimately show evidence you have read the entire book. If you feel like you don’t know where to start, click HERE. Writing a book review will pay off dividends later on in your academic and professional career.


University Policies

Syllabus Change Policy: Besides the grading and expectations, everything else CAN change.

But, it probably won’t. If it does, I’ll make sure to let you know in advance.

Attendance Policy:

I don’t have useful powerpoints, so it’s probably best to come to class. Furthermore, the participation grade puts on a check on attendance. Don't miss out. 

Exam Make-Up Policy:

Students who miss an exam as a result of the required participation of a university event, a death in the immediate family, or serious illness will receive a make-up exam by request. This exam must be taken no later than two weeks after the incident. If the exam is missed for any other reason, you will receive a zero score for the exam. If you happen to know that you will miss an exam from the outset of the semester, please let me know within the first week of the semester, so that we can figure out how to best accommodate you. If you do not let me know within the first week, it will not be excused. 

Accommodations:

Students with disabilities who require special accommodations need to get a letter that documents the disability from the Office of Disability Accommodations (402-380-2166). Present the letter to me at the beginning of the semester so we can figure out the best accommodations.

Academic Dishonesty Policy: tl;dr一Don’t Cheat.

The Creighton University Academic Honesty Policy outlines the integrity expectations for student academic work, procedures for resolving supposed violations of those expectations, and the rights and responsibilities of both students and faculty members in that process. Students are responsible for becoming familiarized with the Creighton University expectations of “acting with professional, academic, and personal integrity” and being “dedicated to the promotion of values consistent with personal and academic excellence.”

You are expected to abide by Creighton University’s honesty policy. Do all of your own work on all written assignments and examinations. Make sure all quotes and references are properly cited.



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