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Department: Business Studies Discipline: Economics Subject Code: ECON Course #: 202 Course Title: Principles of Economics II: Micro HARRISBURG AREA COMMUNITY COLLEGE FORM 335 Course Form 335 must be updated at least every five years per AP 765 to include, at a minimum, the following elements. [§335.2] 1. Digital Description: Credit hours: Lecture hours: Lab hours: 3.0 3.0 0.0 BL: [__]⅓[X]½ [__]⅔[___] Other (Indicate fraction or percent) 2. Catalog Description: Analysis of demand, supply, production costs, market structures, and resource allocation. Current economic policies and problems and other special topics such as government regulation, income distribution, and labor economics. (Core B) Minimum Grade Required 3. Prerequisites: ECON 201 Corequisites: Other: Or, permission of Instructor 4. Learning Outcomes [These outcomes are necessary to enable students to attain the essential knowledge and skills embodied in the program’s educational objectives.] Upon completion of the course the student will be able to: Define basic economic terms such as utility, marginal cost, oligopoly, etc. Identify major thinkers and theorists in the field and their contributions in the history of the discipline Analyze problems using demand and supply diagrams Relate elasticity, utility and costs of production to explain the shapes of demand and supply curves Identify the major characteristics, advantages, and disadvantages of the different types of market structures Demonstrate an understanding of the scope and direction of U.S. anti-trust activity Outline factor price determination for wages, rent, profits, and interest 12/1/04 Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09;7/31/12 Department: Business Studies Discipline: Economics Subject Code: ECON Course #: 202 Course Title: Principles of Economics II: Micro 5. Read non-technical current event reports and be able to recognize the economic concepts included therein Demonstrate an understanding of the concepts and/or theories that constitute the core of the discipline Planned Sequence of Learning Activities [These must be designed to help students achieve the learning outcomes.] Instructional methodology may include lecture, videos, internet access, class discussion, blackboard demonstrations, PowerPoint presentations, worksheets, homework, problem sets, review questions, small group work, research projects, guest lectures, gaming and simulation, brainstorming, etc. at the discretion of the instructor. The following topics are covered, but the exact sequence and depth of coverage are left to the discretion of each instructor. 1. 2. 3. 4. 5. 6. Essentials of the market economy Demand and supply Elasticity Consumer choice and utility Production and costs Market structures: perfect competition, monopoly, oligopoly, and monopolistic competition 7. Government regulation and anti-trust 8. Factor markets 9. Wages, rents, interest and profits 10. Market Failure 6. Assessment of Student Learning [Methods of assessment should be appropriate for Learning Outcomes listed above.] Assessment of student learning outcomes for the course, as required by AP 765, is part of regular curriculum maintenance and/or improvement. The specific plan has been determined by the pertinent faculty involved and is maintained in the College’s assessment management system. Tests Homework Papers Quizzes 12/1/04 Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09;7/31/12 Department: Business Studies Discipline: Economics Subject Code: ECON Course #: 202 Course Title: Principles of Economics II: Micro 7. List of Texts, References, Selected Library Resources or other Learning Materials (code each item based on instructional use): C-Lecture/Laboratory, A-Lecture, B-Laboratory, LC-Lecture/Clinical, CLN-Clinical, I-Online, BL-Blended, D-Independent Study, P-Private Lessons, E-Internship, F-Cooperative Work-Study, FE-Field Experience. [These resources must be easily accessible to students.] FULL-TIME TEXTBOOKS: Required Book: Arnold, Roger A. Microeconomics. (Latest Edition). Boston, MA: SouthWestern Cengage Learning. Mateer, Dirk, Coppock, Lee. Principles of Microeconomics. (Latest Edition). New York, NY: W.W.Norton & Company Optional: Study Guide to accompany latest edition of Microeconomics by Roger A. Arnold. Dadres & Battaglia. Microeconomics Wookbook: Principles and Practice. (Latest Edition). Champlaign, IL: Stipes Publishing. ADJUNCT TEXTBOOKS: Required Book: Arnold, Roger A. Microeconomics. (Latest Edition). Boston, MA: SouthWestern Cengage Learning. Optional: Study Guide to accompany latest edition of Microeconomics by Roger A. Arnold. 8. Prepared by Faculty Member: Phillip Letting Date: 11/21/12 9. Approved by Department Chairperson: Brian Gurian Date: 11/21/12 10. Approved by Academic Division Dean: Date: 12/10/12 This course meets all reimbursement requirements of Chapter 335, subchapters A / B. 12/1/04 Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09;7/31/12 Department: Business Studies Discipline: Economics Subject Code: ECON Course #: 202 Course Title: Principles of Economics II: Micro This course was developed, approved, and offered in accordance with the policies, standards, guidelines, and practices established by the College. It is consistent with the college mission. If the course described here is a transfer course, it is comparable to similar courses generally accepted for transfer to accredited four-year colleges and universities. 11. Director, Curriculum Compliance: Erika Steenland Date: 12/11/12 12. Provost & VP, Academic Affairs: James E. Baxter, P.G. Date: 12/20/12 13. Original Date of course approval by the college: 196620 14. Date(s) of subsequent reviews [Indicate change: Learning Outcomes; textbook(s)]: Textbooks Updated: April, 2002, March 2003 Reviewed 12/2003 Revisions made: None (kmb) Reviewed 12/2004 Revisions made: None (pas) Reviewed 03/2005 Revisions made: Learning Outcomes (pas) Project Review: 3/2006: Revisions: Learning Outcomes (pas) Reviewed 05/2008 Revisions made: List of Texts (pas) Revisions: 10/2008: Qualifying for Blended Core (pas) approved by Economics Discipline and Global Studies Department -10/01/08 Reviewed 04/2011: Revisions made: Learning Outcomes, Planned Sequence of Learning Activities, List of Texts (pas) 04/28/2011 Revisions: 11/2012: List of Full-Time Textbooks (pas) 12/1/04 Form Template Reviewed & Updated: 10/26/07; 1/11/08; 1/16/09; 7/14/09;7/31/12