Economics 315 – Intermediate Business Microeconomics, Spring 2019 Syllabus
Faculty: Francis Mummery Schedule #: 20154; Section: 6; Time: 4:00 – 5:15 PM, Tue/Thur; Room: SGMH 1502; Office: SGMH 3384; Phone: 657 278-5650; email: email@example.com; Office Hours: Mon/Tue: 5:15 - 5:45 PM and Wed/Thur: 3:30 – 4:00 PM, and by appointment
Welcome to Economics 315 – Intermediate Business Microeconomics! The primary objective of this course is to develop the complete set of tools required for a firm’s manager to make well informed, responsible, and efficient business decisions in an increasingly dynamic world. The course integrates traditional microeconomic analysis and standard topics with the treatment of current and important topics faced by today’s managers.
To be adequately prepared for today’s fast changing business environment, managers must have an understanding of the vast array of influences on the firm and an appreciation of the environment in which it operates. Hence, a business student’s education is incomplete without adequate exposure to the following perspectives: (i) Ethical issues; (ii) Global issues; (iii) Political, social, legal, regulatory, and environmental issues; (iv) Technological issues, and (v) The impact of demographic diversity on organizations. This class will provide the students with the tools to apply the insights of economics to the business environment with the perspectives outlined above.
Students taking this course must have completed Econ 201, Econ 202, and Math 135. In addition, students should have had, or currently be enrolled in ISDS 361A. All unqualified students should drop this course.
I encourage you to use the publisher’s website which works through some demonstration problems from each chapter, see: http://highered.mheducation.com/sites/1259290611/
There is also a website for an older edition of the text that provides some additional practice exercises, see: http://highered.mcgraw-hill.com/sites/0073523224/information_center_view0/
In addition, tutors are available at the Mihaylo College Tutoring Center. Here is the link to the website: https://business.fullerton.edu/Tutoring
I encourage you to read The Wall Street Journal or The Economist.
For a great deal on The Wall Street Journal, see the following website: http://r.wsj.net/hZTHb
My experience has shown me that the students that perform best in this class are those that come to every class, take careful notes, continually review the material, and practice with homework exercises.
You will be required to do a number of homework exercises throughout the semester and your performance on these exercises will be included in your course grade. These assignments will be announced by email and in class and will be from chapters we cover. You will be doing all of the assignments in Connect. This program can be purchased as part of a package with your text at the bookstore, or you can purchase it by clicking the link below which will provide you with the software and an e-book.
The Connect Web Address for this class is:
PLEASE BE SURE THAT YOU REGISTER USING THE ABOVE ADDRESS ONLY IF YOU ARE IN THE TUESDAY/THURSDAY 4:00 PM CLASS.
TO AVOID A FIVE-POINT PENALTY , REGISTER IN THE CORRECT CLASS USING YOUR NAME EXACTLY AS IT APPEARS IN THE UNIVERSITY’S RECORDS AND INCLUDE YOUR CWID AFTER YOUR NAME. AS AN EXAMPLE:
MUMMERY, FRANCIS DAVID, 123456789
There are several outstanding teacher assistants for this course. More information about their office hours will be forthcoming.
Supplemental instruction is available for this course. Times and locations will be forthcoming.
Course grades will be assigned based on student performance in the following areas:
Students are required to take three exams. If you miss any of the first three exams, you must take the comprehensive final exam. If you take the first three exams and are happy with your course grade, you do not need to take the final exam. If you take all four exams the lowest exam score will be dropped. Notice that there are 10 bonus points possible in the homework. Students can only earn points from the highest three exams and the homework. There are no exceptions.
The grading scale is based on the points counted: A = 360+ (= 90% + of 400); B = 320 – 359.99; C = 280 – 319.99; D = 240 – 279.99; F: < 240. Note that the cut-offs for the grades are firm. There is no rounding. There are no exceptions. No plus/minus grades are given in this course. Students will need Scantron 882 and a photo ID for all exams. Exams 1, 2, and the final exam will be a mixture of true/false, multiple choice, and short answer/graphing/calculation. Exam 3 will be a mixture of true-false and multiple-choice questions. No note cards, crib sheets, or scratch paper are allowed during the exams.
Exams cannot be scheduled for other dates. There are no make-up exams.
Unprofessional conduct (late arrival, early departure, absence, disruptive behavior, texting in class) could result in a 10% (or more) course grade reduction. No phones, tablets, or laptops are to be used in class. DO NOT TEXT OR CHECK YOUR PHONE IN CLASS.
Academic dishonesty, when detected, will result in a grade of F for the course plus additional university level disciplinary action leading to expulsion.
The outline below is tentative and subject to change. The Roman numerals (i) through (v) reflect the perspectives mentioned in the Introduction that are interwoven in the course material.
Additional Course Information:
You are expected to arrive in class before the start of the lecture. If you must arrive late, please be as undisruptive as possible.
There are no exceptions to the course grading outlined above.
There are no exceptions to the final exam date set by the University.
Students with disabilities have the right to accommodations for documented special needs via the Disability Support Services, UH 101 or via http://www.fullerton.edu/disabledservices/
All students should be aware of the required steps for campus emergencies: http://prepare.fullerton.edu
Mihaylo College of Business and Economics Assessment Statement
The programs offered in Mihaylo College of Business and Economics (MCBE) at Cal State Fullerton are designed to provide every student with the knowledge and skills essential for a successful career in business. Since assessment plays a vital role in Mihaylo College’s drive to offer the best, several assessment tools are implemented to constantly evaluate our program as well as our students’ progress. Students, faculty, and staff should expect to participate in MCBE assessment activities. In doing so, Mihaylo College is able to measure its strengths and weaknesses, and continue to cultivate a climate of excellence in its students and programs.
Learning Outcomes for Economics 315
Overview: After taking this course, students should understand how to apply economic theory and methods to managerial decisions. They should be able to link external market forces to business output and pricing decisions, know how to apply marginal analysis to discrete business choices, and recognize the market structure in which a business operates and its effects on decision making. Students should be able to:
Economics 315 and the B.A. in Business Administration
How does this class relate to others you will take in your B.A. in Business Administration? Below you will find a chart listing concepts covered in this class and how they relate to other subjects covered in your other classes.
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