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ECO 251-001/002 Syllabus
Summer 2022
"It is the mark of an educated mind to be able to entertain a thought without accepting it." –Aristotle
"All opinions are not equal. Some are a very great deal more robust, sophisticated and well supported in logic
and argument than others." Douglas Adams
Instructor Information
Instructor: Tom Beveridge
Email: [email protected]
Telephone number: 919-536-7200 (x8003) cell phone: 919-604-8421 (preferred)
Office Location: Home (Phillips 3-217)
Office Hours: Wednesday Thursday 11:00 a.m.-2:00 p.m. and by appointment.
This is an asynchronous online course, meaning that there are no scheduled group meeting times. We have
a weekly Course Schedule (below) but, within each week, you will set your own pace. My campus office is
open during posted office hours and I can receive phone messages there, however I will be mainly working
off-campus this semester. You may contact me for virtual office hours. I do check my campus email several
times each day, including weekends.
My personal cell number is 919-604-8421 and that is a more certain method of contact than my office
phone. Please feel free to contact me at home whenever you feel it to be necessary. I’d prefer to have a
phone chat with you to get you over an elusive concept and back on track than to have you spinning your
wheels in frustration. Please do NOT text.
Course Details
Day(s): online
Time: online
Location: online
Course Description
This course introduces economic analysis of individual, business, and industry choices in the market
economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and
revenue, market structures, factor markets, income distribution, market failure, and government
intervention. Upon completion, students should be able to identify and evaluate consumer and business
alternatives in order to efficiently achieve economic objectives. This course has been approved to satisfy the
Comprehensive Articulation Agreement general education core requirement in social/behavioral sciences.
Course Materials
Required Materials
Required Text: Karl Case, Ray Fair and Sharon Oster, Principles of Microeconomics (12th Ed.). Upper Saddle
River, NJ: Prentice Hall, 2017.
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Technical Requirements for Online and Hybrid/Blended Classes
Students must have convenient, dependable access to a computer (PC or Mac) with high-speed Internet
access and the following:
A reasonably current web browser (Chrome or Firefox are recommended)
JavaScript and cookies enabled
Some courses have additional technical requirements. For details, see What You Need to Succeed
Course Policies
Grading Policy
Course Elements and Grading Summary
Eight Forums (8 x 25 points)
Ten Quizzes (10 x 30 points)
Three Tests and a Final (4 x 100)
Two Position Papers (2 x 50 points)
Numerical Score
900 - 1000
800 - 899
700 - 799
600 - 699
0 - 599
Grades will not be rounded up. A final total of 899 points, for example, is a B, not an A.
Course Elements
Timed Quizzes and Tests. Ten quizzes and three tests are given. Also, there is a cumulative final test. Quizzes
and tests cover designated chapters, are open-note and open-book, and are given in the weeks specified in
the Course Schedule (below). In general, you will submit your answers by 10:00 p.m. Sunday of the week
they are made available (Test 3 and the Final are exceptions to this rule). No make-up quizzes or tests are
given but your score on the final can replace one test score and your score on Quiz 10 can replace one quiz
score. Tests have an allotted time of 120 minutes and Quizzes have an allotted time of 20 minutes. The final
runs for 150 minutes.
Before taking your first quiz, please review the information about taking online tests at
Discussions: Assignments include eight Forums and two Position Papers. If you choose to insert your
contribution as a document (rather than keyboarding directly into the Forum) please use Microsoft Word.
Posting a document that may not be readable by all participants will receive zero credit—restrict yourself to
Forums. Posts are due by 10:00 p.m. Sunday of the week shown in the Course Schedule (below). Before
submission, review your posts for correct spelling, grammar and meaning. Stay on topic and keep your posts
Revised Summer 2022 Page 2
respectful of the opinions of others. To get full credit for the Forum assignment, post your views on the topic
AND reply to the threads of at least two other students during the week specified in Weekly Assignments. If
you post your response before the “response” week (jumping the gun), then your response will be deleted
without credit. Your post and responses each MUST be a minimum of five substantive sentences comprised
of at least 200 words. Please stay on topic!
Position Papers. There are two Position Paper assignments. Each is worth a total of 50 points. These will be
posted to the relevant forum. There is no “required” length for posts and rebuttals—provide as much or as
little as you feel necessary to make a convincing case—however there are “recommended” lengths for initial
posts (1000 words) and rebuttals (500 words each) that you would be well-advised to follow. After your
initial post, you will choose two posts opposing your position and rebut their points. If you post rebuttals
before the “rebuttal” week, then your rebuttals will be deleted without credit. Finally, you will summarize
and weigh the arguments and vote for the position you ultimately prefer.
Re-opened Forums: As a convenience, and to assist learning, after a forum has been graded, it will be reopened. Posts made after a forum has been re-opened receive no credit.
Bonus Points: You may earn 100 bonus points during the semester. 40 points (8 x 5 points) can be earned by
posting your initial Forum thread by 6:00 p.m. on Friday. Towards the end of the semester, two optional
Forum topics will be given, each worth 30 points.
Appeals: Monitor your grades on a regular basis. You have two weeks from the posting of any grade to
appeal or correct the information. After that, adjustments will not be allowed for any reason. The one
exception is that all grades are final after the final exam has expired, so please ensure you address any
perceived discrepancies before then.
Online Conduct: Be respectful and courteous in Forums and Papers, and in all other means of
communication. If I feel that you are disrespectful of others or their opinions, then I will inform you privately
and I will expect you to recompose any objectionable communication and, if necessary, apologize for the
behavior. Please read the “Etiquette” documents in Sakai’s “Course Information.”
Sakai Problems: If you encounter problems with Sakai, please let me know. Technology problems do not
absolve you from meeting your course obligations! Allow sufficient time to complete assignments. In the
final 24 hours of an assignment, I may be unable to reset it if a problem occurs.
Advice: Complete assignments earlier rather than later. Record your answers as you go through tests and
quizzes. If a problem occurs, then you won’t have to rethink every question from scratch. Let me restate this
point: You are strongly advised not to wait until Sunday to submit assignments—faulty internet connections,
cats running across your keyboard, or cranky kids happen in the real world we inhabit and prudence requires
us to consider such eventualities. Do assignments before Sunday evening!
Late or Missed Work/Extra Credit
In general, if you miss the deadline for an assignment, then you will receive a zero for that assignment. To
forestall this eventuality, plan to turn in assignments ahead of the deadline. If, however, an issue emerges,
then contact me to explain why your work will not be submitted in a timely fashion. If I am alerted (at least
24 hours before a deadline) that special circumstances have arisen for you, then we will seek to arrange an
accommodation. Any such accommodation, though, must not risk adversely affecting other class members.
Forums/Position Papers: Initial posts turned in within 24 hours of the relevant submission deadline will
receive half credit. After that, expect a zero.
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Having said that, note that your score on Quiz 10 can replace your lowest previous Quiz score and, similarly,
your score on the Final can replace your lowest previous test score, precisely because unexpected events
occur. In any circumstance, though, no special “extra credit” appeals will be considered.
Course Communication
Turnaround time for responding to student emails/messages: Expect a response within two business days. If
you do not receive a response after that, please “nudge” me to respond.
Communication ground rules: Please read the “etiquette” documents in Sakai (under Course Information).
Turnaround time for grading assignments: For quizzes and tests, expect feedback within two days of the
close of the assignment. For Forums and Position Papers, the turnaround time may be ten business days
after the close of the assignment.
Technical Difficulties
Computer or technical difficulties are not an excuse for late or missed work.
Weekly Attendance
You will be marked absent from class in a given week if you fail to attempt any of the “for a grade”
assignments scheduled for that week. For example, visiting Sakai, taking a “practice” test, or doing the
“Check in” during the week do not count as having attended.
Note: If you miss 15 percent of class attendance consecutively but do not withdraw from the course then, in
the absence of further academic engagement, you will receive a grade of F2 in the course.
Course Schedule
Week and Date
1: 05/23-05/29
2: 05/30-06/05
3: 06/06-06/12
4: 06/13-06/19
Ch 1, 2 and 20
Ch 3, 4 and 20
Ch 5 and 6
Ch 7 and 8
5: 06/20-06/26
Ch 9 and 12
6: 06/27-07/03
Ch 13 and 14
7: 07/04-07/10
8: 07/11-07/14
Ch 15 and 16
Ch 10 and 11
Orientation Quiz, Forum 1 (post and responses), Forum 2 (post), Quiz 1
Forum 2 (responses) Forum 3 (post), Quiz 2, Paper 1 (topic)
Forum 3 (one response), Forum 4 (post), Quiz 3, Paper 1 (post)
Forum 4 (responses), Forum 5 (post), Quiz 4, Test 1, Paper 1 (rebuttals),
Paper 2 (topic)
Forum 5 (responses), Forums 6 and 7 (post), Quiz 5, Paper 1 (vote), Paper
2 (post)
Forums 6 and 7 (responses), Forum 8 (post), Quiz 6, Test 2, Bonus Forum
9, Paper 2 (rebuttals)
Forum 8 (responses), Bonus Forum 10, Quizzes 7 and 8, Paper 2 (vote)
Quizzes 9 and 10, Test 3, Final (Assignments due Thursday 10.00pm)
Note: If there is a change in an assignment, then you will be notified by a Sakai announcement.
Important: The final day of this eight-week course is July 14, which is a Thursday. Accordingly, our final
week will be compressed, with the last assignments ending on Thursday evening (not Sunday evening as in
previous weeks). You should keep this in mind as you budget your time and energies.
Revised Summer 2022 Page 4
College Policies
Durham Tech has established policies that support student learning and communicate high expectations for
students. Please review the policies in the list below, so you can successfully meet the college’s
Course Entry Requirement for Online Classes
Students must submit an online activity* in Sakai between the class start date and May 27 in order to
officially “enter” the class. Students who do not submit an online activity in Sakai between these dates will
be dropped from the class as a “no show” and will not be eligible for a refund. If receiving financial aid, the
student may be required to reimburse tuition and fees.
*Online activities that qualify for course entry are submitting a forum post or reply in Sakai, submitting a quiz
or test in Sakai, submitting an assignment in the Assignments tool in Sakai, and attending a “live” online
meeting in Sakai (in classes that use this). Viewing a recorded meeting does NOT qualify for course entry.
Academic Honesty
Durham Tech upholds and enforces high standards of academic honesty and integrity both in and out of the
classroom. The College establishes and follows a process for defining and addressing academic dishonesty
when it occurs either inside or outside the classroom.
Academic dishonesty is the participation or collaboration in specific prohibited forms of conduct.
Participation or collaboration may be active (such as submitting a term paper that includes plagiarized work)
or passive (such as receiving a copy of a test before class). Academic dishonesty includes, but is not limited
to, the following examples:
1. Unauthorized copying, collaboration, or use of notes, books, or other materials on examinations or
other academic exercises including:
 Sharing information about an exam with a student who has not taken that exam;
 Obtaining information about the contents of a test the student has not taken;
 Unauthorized use of smart phones, programmable calculators, or other electronic storage
 Text messaging or other forms of communication during an exam;
2. Unauthorized or inappropriate file sharing and use of Internet and computer resources as specified
in the Appropriate Use of Computing Resources Policy;
3. Sharing Durham Tech usernames/passwords with others, allowing them to log in as you, or logging
in to College systems under another person’s username;
4. Having others complete coursework, write papers or take tests/quizzes, thus misrepresenting the
identity of the author of the work;
5. Unauthorized use and/or possession of any academic material, such as tests, research papers,
assignments, or similar materials;
6. Unauthorized use of translation software and assistance from native speakers or advanced-level
students in foreign language classes;
7. Plagiarism, which is defined as the representation of another person’s work, words, thoughts, or
ideas, including material from the Internet, as one’s own. This includes, but is not limited to, copying
material and using ideas from an article, book, unpublished paper, or the Internet without proper
documentation of references or without properly enclosing quoted material in quotation marks.
Revised Summer 2022 Page 5
Plagiarism also includes sentences that follow an original source too closely, occurring when an
individual simply substitutes synonyms for another person’s words.
The Violation Procedure for the Academic Honesty Policy is available in the Catalog and Student Handbook.
Please note that as the Catalog and Student Handbook is updated, campus policies may change.
Academic Honesty Resources
Durham Tech’s library maintains a Citation and Plagiarism Resources LibGuide that contains definitions of
plagiarism, citation guidelines, and links to interactive tutorials to help students and employees better
understand plagiarism. Faculty members may use these resources with their students before and after
academic honesty violations occur.
Attendance and Withdrawal Policy
Regular attendance is required for the student to complete all course requirements and receive the
optimum benefit of instruction. In the event of an absence, it is the student’s responsibility to make up all
missed work in the timeliest manner possible. Failure to make up missed work will adversely affect the
student’s course grade.
Drop Period
Students may officially drop one or all courses prior to the 75 percent tuition refund deadline of each
semester (“drop period”) without the enrollment being shown on the transcript. To officially drop a course,
log on to Self-Service, and click the DROP option for the course in the Plan & Schedule section.
The final drop date for this class is: May 27
Student-initiated Withdrawals
After the close of the drop period and prior to the 60 percent date in the semester, students may officially
withdraw from one or all courses with a grade of W. To initiate an official withdrawal, complete an
electronic withdrawal form by logging in to the eforms system. Use your WebAdvisor/Self-Service username
and password to log in to the system. It is best to use Chrome, Firefox, or Safari to access the forms.
The final withdrawal date for this class is: June 26
Excused Absences
Durham Technical Community College students are allowed one excused absence per class per term for a
planned event or observance. Students who wish to use the excused absence must complete and submit an
Excused Absence Notification form at least fourteen calendar days in advance of the day of the scheduled
absence. All class work missed due to the excused absence must be completed and submitted to the
instructor within one week after the day of the scheduled absence.
For more information, refer to the Student Withdrawals, Faculty Withdrawals, and Class Absences section of
the College Catalog.
Accessibilities Statement
Durham Technical Community College abides by Section 504 of the Rehabilitation Act of 1973, which
stipulates that no student shall be denied the benefits of an education “solely by reason of a handicap.”
Disabilities covered by law include, but are not limited to, learning disabilities; psychological disabilities;
health impairments; and hearing, sight, or mobility impairments. If you have a disability that may have some
impact on your work in this class and for which you may require accommodations, please contact the
Accessibility Services office by calling 919-536-7207, sending an email to
[email protected], or visiting the Student Resource Center (SRC) in the Wynn building
for additional information regarding requirements for arranging accommodations.
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Inclement Weather
In the event of hazardous weather, including such events as hurricanes, heavy snow, or ice accumulation,
Durham Technical Community College will communicate a decision to remain open or to close in these ways:
College's website
Durham Tech Twitter
Main phone number of 919-536-7200
Sakai, and
Notifying local media outlets.
If classes on the main campus are canceled, classes will also be canceled at all other college locations. From
time to time, however, the college may cancel operations at a remote location and still operate on the main
To the extent possible, we will make a decision to remain open or close by 9 p.m. the night before the
anticipated weather event. We will also make a decision regarding evening operations by 3 p.m. the day of
the weather event. Please realize, however, that inclement weather can occur at any time; thus timetables
regarding a decision to remain open or to close are flexible.
View the Inclement Weather policy.
Student Code of Conduct
All Durham Tech students are expected to conduct themselves as responsible adults. Behavior that
persistently or grossly disrupts the educational process or functioning of the college, whether it occurs on
campus or at any college-sponsored activity, may result in disciplinary action. Examples of specific violations
of and the grievance procedure for the Student Code of Conduct.
Title IX Sexual Misconduct Policy
Durham Technical Community College is committed to providing a campus environment that is free of sexual
misconduct, including sexual harassment, sexual exploitation, sexual assault, stalking, domestic violence,
and dating violence. If you have encountered any form of sexual misconduct associated at Durham Tech,
you are encouraged to report this to the College. If you speak with a faculty member about an incident of
sexual misconduct, including writing assignments and classroom discussions, the faculty member must share
that information with the Title IX Coordinator. You will be contacted to discuss supportive measures
available and the Title IX investigative process. If you wish to file a confidential complaint with the Title IX
Coordinator, please complete the Sexual Misconduct Complaint form.
Use of ConnectMail
All Durham Technical Community College students have been issued a ConnectMail email account. This
account should be used for all email communications between the student and the college, including all
communications with instructors. This account must be used as your Sakai email account. View the Getting
Started with ConnectMail instructions for more information on setting up and using your ConnectMail
account. Use your WebAdvisor/Self-Service username and password to access your ConnectMail.
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College Resources
Durham Tech is committed to supporting students by providing the resources needed to succeed. This is a
brief overview of support available at the College. We encourage you to view the Student Resource Sheet for
a more comprehensive list of college and community supports.
Need help getting started? If you would like more support connecting to resources at Durham Tech and in
the community, complete the Student Support Intake Form.
Campus Harvest Food Pantry
The Durham Tech food pantry offers free bags of groceries, fresh produce,
snacks, frozen family meals, period, products, hygiene products, and diapers to
currently enrolled students. Snacks are offered daily Monday-Thursday, and
grocery pickup is available weekly. Submit your online grocery request today,
and the team will contact you to schedule pickup, or visit Room 110 in Phillips
Building (3).
Visit the Campus Harvest Food Pantry page for more information, or contact
Alex Gooding ([email protected]), 919-536-7200 ext. 8194, Phillips
Building (3) Rm. 110-B.
Career Services
Students and alumni can schedule virtual appointments with career counselors
via Zoom. Durham Tech uses College Central Network (CCN) as its official
resumé and job posting service. CCN is available to students and alumni 24
hours a day, 7 days a week.
Visit Career Services web pages for more information and to schedule an
appointment. Contact: [email protected], 919-536-7200 ext.
1404, Wynn Center (10) Rm. 109.
Center for Academic Excellence (CAE)
The CAE provides in-person and online tutoring free of charge. Appointments
are preferred; however, walk-ins are welcomed.
Book an appointment with a tutor through the Center for Academic
Excellence (CAE). Call 919-536-7200 ext. 2404, text 919-886-5329, or email
[email protected] to request an appointment.
 Free online tutoring is also available 24 hours a day via Upswing (nonCAE tutors).
 You may also request tutoring using the online request form.
Visit the CAE webpage for more details. Contact: [email protected], 919536-7232 ext. 2404, Wynn Center (10) Rm. 308.
Revised Summer 2022 Page 8
Computer and Internet Assistance
Durham Tech offers loaner laptops at no charge, and students can purchase
discounted, refurbished computers using financial aid or personal funds. Submit
your computer request here. Internet assistance is also available, including
hotspots and internet service discounts.
Visit the Computer and Internet Assistance page for details and to request
support. Contact: Maggie West, [email protected], 919-885-4352,
Phillips Building (3) Rm. 110-E.
Counseling Services
Durham Tech offers free, confidential counseling for all students. Connect with
a counselor by submitting a Counseling Services request, calling Karen Mosley at
919-536-7200 ext. 1408 or emailing [email protected] or
contacting LaKe’a Teel by calling ext. 1405 or emailing [email protected]
Be Well at Durham Tech:
Through Be Well at Durham Tech, students will have access to the following:
 A 24/7/365 mental health support line for in-the-moment support
from counselors and connections to next steps, regardless of time of day or
your location. Call 833-434-1217 to reach the 24/7 support line.
 Free telehealth or off-campus, face to face counseling sessions.
Students receive 6 visits per issue, and these are available to students no
matter where they are (on or off campus, any state or internationally) and
no insurance necessary.
Additional resources:
 For emergency help, contact Durham Tech's Campus Police and Public
Safety at 919-537-7207, ext. 5555 or call 911
 National Suicide Prevention Lifeline: 1-800-273-8255
 National Disaster Distress Hotline: 1-800-985-5990
 National Domestic Violence Hotline: 800-799-SAFE
Visit the Counseling Services page for more details. Contact:
[email protected], 919-536-7200 ext. 1408, Wynn Center (10) Rm.
Emergency Financial Assistance
Resources for rent, utilities, childcare, car repairs, and other emergency
financial needs are available through Durham Tech and the community.
Visit the Emergency Financial Assistance page for more information.
If you are experiencing a housing emergency, additional community resources
may be able to assist. Complete this short form and a team member will follow
up with you.
Revised Summer 2022 Page 9
All three Durham Tech campuses feature a library with a variety of online, print,
and audiovisual resources for students. Please visit the library’s website for
information about in-person and virtual library services. Use our Research
Guides for resources and information for specific classes, subjects, and
programs. Email us at [email protected] or connect with us for an
Men of Color Scholars Institute (MCSI)
MCSI is a program that fosters leadership, nurtures professional and personal
development, and is a support network for its members. In a scholarly pursuit,
members and mentors learn from one another by promoting and stimulating
self-efficacy, academic excellence, career aspirations, and a sense of
community. Submit an interest form to the Men of Color Scholars Institute.
Visit the MCSI webpages for more information. Contact:
[email protected]
Sakai is a system for accessing course materials online. Depending on the
course, your instructor will use Sakai to provide course info, handouts,
assignments, tests, or online discussions. You should check Sakai weekly for
updates. Use your WebAdvisor/Self-Service username and password to log in to
Sakai at Visit Sakai Help for Students for support
info and tips for avoiding problems.
Success Coaching
Success Coaches are available to partner with you for individualized support
throughout your time at Durham Tech. Your Success Coach will check in with
you throughout the semester to support you with your classes. Also, your
Success Coach provides resources for resolving academic and personal issues
that can impact your success.
Interested students can submit an interest form or contact the Success Coach in
your program to set up an appointment (Coach contact info).
Support for Parenting Students
When a student parent graduates, their whole family graduates with them. The
Durham Tech community is here to support you in reaching your academic and
professional goals while you are also doing the daily work of supporting your
Join the Student Parent Success Network to connect with a community
of parenting students and stay in the loop about resources on campus and
in the community. Submit this form to join.
 Child Care: Durham Tech offers a limited number of Child Care Grants
Learn more about the Child Care Grant and other child care supports on the
Child Care Assistance web pages.
 Pregnancy Support: Durham Tech seeks to be a supportive environment
for pregnant, postpartum, and breastfeeding students. We provide personal
consultation to expecting students to assist with academic planning and
accessing resources both on campus and in the community to meet needs
Revised Summer 2022 Page 10
and concerns. Connect with resources and support during and after
Learn more about college and community resources to help student parents
succeed. Contact: Maggie West, [email protected], 919-885-4352,
Phillips Building (3) Rm. 110-E.
Revised Summer 2022 Page 11
Course and Program Learning Outcomes
This table shows how the learning outcomes for this course align with the Creative and Liberal Arts (CALA) Program Learning Outcomes (PLO) and how each
outcome is assessed. For each Course Learning Outcome, an X indicates alignment with a specific PLO.
Table 1: CALA Course/Program Learning Outcome Alignment and Assessment
Course Learning Outcomes
Students will be able to do the
PLO 1:
PLO 2:
PLO 3:
Skills to
PLO 4:
Application of
PLO 5:
Understand that economics is
about the allocation of scarce
resources, that scarcity forces
choice, tradeoffs exist and that
every choice has an opportunity
cost. Be able to demonstrate these
concepts using a production
possibility frontier diagram.
2. Understand how comparative
advantage provides the basis for
gains through trade.
Tests, Position Papers,
Tests, Position Papers,
3. List
Tests, Position Papers,
Tests, Position Papers,
the determinants of the
demand and supply for a good in
a competitive market and explain
how demand and supply
together determine equilibrium
4. Understand the role of prices in
allocating scarce resources in
market economies. Be able to
explain the consequences of price
PLO 6:
How Outcomes Will be
Page 12
Course Learning Outcomes
Students will be able to do the
5. Define an externality and a
public good and why explain the
presence of externalities and
public goods make markets
inefficient. Analyze various
government policies aimed at
solving these inefficiencies.
6. Understand the costs of
production and how firms
determine how much to produce.
Be able to distinguish between
long-run decisions and short-run
7. Distinguish the four market
structures of perfect competition,
monopoly, monopolistic
competition and oligopoly. Be
able to explain welfare loss in
non-competitive markets.
PLO 1:
PLO 2:
PLO 3:
Skills to
PLO 4:
Application of
PLO 5:
PLO 6:
How Outcomes Will be
Tests, Position Papers,
Tests, Position Papers,
Tests, Position Papers,
Page 13