The final syllabus will be available in the Learning Management System.
This is a past syllabus providing a general idea of what the course entails. This does not represent the current course's syllabus, requirements or expectations.
Students will be introduced to basic economic analytical tools to explain consumers and firms’ behaviors, market and policies outcomes, and most importantly, the gains from trade. Students will learn the function of the market system in the allocation of scarce resources, determination of prices and output in competitive and monopolistic markets, the role of government in the market economy, and the main forms of market failure.
Prerequisites for this course: MATH 101, 103, 105, 106, 107, 108, 171, 201, 202, or STAT 205 or 212; or concurrent enrollment in MATH 106, 107, 108, 171, 201, 202, or STAT 212; or ALEKS placement score of 35% or higher.
This course is designed to meet the following WSU Learning Goals:
LG1 – Critical and creative thinking
LG2 – Quantitative Reasoning
LG3 – Information Literacy
I expect students to be actively involved in the learning process. Students are expected to read the modules and review the power point slides located in the Modules section. In this way, you become an active participant and we engage in healthy policy discussions. Please feel free to contact me during virtual Office Hour as indicated above. I am here to help you and your feedback will help everyone.
There will be a graded assignments (HW) for each module throughout the semester. Access to homework is under the Assignments tab to the left and click on the Achieve link to register and access the Achieve course. Students are responsible for completing all graded assignments by the scheduled cutoff date posted on the Achieve course outline and Course Schedule. Most homework questions will be graded as you complete and submit the assignment in Achieve. You are allowed multiple attempts to answer each question but you will incur a 5% penalty for each wrong attempt. Each graded assignment has 30 questions and I will drop your lowest 2 scores. Using the discussion board or email, you are welcome to form study groups and work together through homeworks.
All students are required to register on the NetTA webpage in order to complete the assignments. They must be completed and submitted on NetTA by the due date.
Your essay will be assessed as either “Meets Expectations” or “Needs Improvement.” If your essay meets expectations in both areas, your score will be 100%. A score of meets expectations in Economic Analysis alone will result in a score of 50%. Needs improvement in both areas will result in a score of 0%. If your essay needs improvement, you will be given feedback from NetTutor to help you revise it. You can then re-submit the essay to NetTutor for another try, but only one revision attempt is allowed. If you take materials or quotes from sources, you must provide citations/references in a standard citation/reference format. Revisions must be submitted within one week after receiving feedback from NetTA.
Within 48 hours of submitting your essay, expect to receive feedback from NetTA telling you if your essay ‘Meets expectations’ or ‘Needs improvement.’ If your essay meets expectations on both Grammar and Economic Analysis, you will get full credit (100%) for that assignment. If your essay needs improvement ON ANY ONE OF THE CRITERIA (typically Economic Analysis), you’ll need to revise it and re-submit the revised version no later than one week after receiving the feedback.
I will drop the lowest grade of the four. Typically, this is the first assignment, but it can be any of the four. If you received 100\% on the first three writing assignments, then you are not required to submit the final writing assignment.
The format of the exams will be multiple choice questions.
The final examination is comprehensive.
| Assignment | Points | Percent |
|---|---|---|
| Graded Homework | 30x10=300 | 30% |
| Writing Assignments | 3x50=150 | 15% |
| Three Midterms | 3x100=300 | 30% (10% each) |
| Final | 250 | 25% |
| TOTAL | 1000 | 100% |
| Grade | Percentage Points |
Grade | Percent Points |
|---|---|---|---|
| A | 90-100 | C | 66-69 |
| A- | 86-89 | C- | 63-65 |
| B+ | 82-85 | D+ | 60-62 |
| B | 78-81 | D | 55-59 |
| B- | 74-77 | F | Below 55 |
| C+ | 70-73 |
I reserve the right to adjust the grading scale appropriately from those listed above. The above table reflects the maximum percentage points required to achieve the corresponding grade. For example if you attain 90% in the class you are guaranteed an A in the course. But it is possible that you can still get an A in the course if you get 88% depending on how the course goes. In summary this means that grade adjustments are only to the students benefit relative to the numbers in the above table. The average score in the class is factored into student’s letter grade.