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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. Revised Summer 2022 Page 1 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 [https://www.durhamtech.edu/distancelearning/succeed.htm] Course Policies Grading Policy Course Elements and Grading Summary Element 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) Total Numerical Score 900 - 1000 800 - 899 700 - 799 600 - 699 0 - 599 Points 200 300 400 100 1000 Weight 20% 30% 40% 10% 100% Grade A B C D F 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 https://courses.durhamtech.edu/wiki/index.php/Taking_an_online_test_or_quiz_in_Sakai 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 Word! 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. Revised Summer 2022 Page 3 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 Chapters 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 Assignments 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 expectations. 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 devices; 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. Revised Summer 2022 Page 6 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 Facebook 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 campus. 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. Revised Summer 2022 Page 7 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. Resource Description 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. 209. 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 Library 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 appointment. 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 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 https://sakai.durhamtech.edu. 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 family. 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 pregnancy. 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 following: PLO 1: Critical analysis, argumentation PLO 2: Written Communication PLO 3: Skills to address cultural/ social diversity PLO 4: Application of Scientific Method PLO 5: Quantitative Reasoning 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. X X X X X N/A Tests, Position Papers, Forums X X X X X X Tests, Position Papers, Forums 3. List X X N/A X X N/A Tests, Position Papers, Forums X X X X X X Tests, Position Papers, Forums 1. the determinants of the demand and supply for a good in a competitive market and explain how demand and supply together determine equilibrium price. 4. Understand the role of prices in allocating scarce resources in market economies. Be able to explain the consequences of price controls. PLO 6: Technological Competency How Outcomes Will be Measured Page 12 Course Learning Outcomes Students will be able to do the following: 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 decisions. 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: Critical analysis, argumentation PLO 2: Written Communication PLO 3: Skills to address cultural/ social diversity PLO 4: Application of Scientific Method PLO 5: Quantitative Reasoning PLO 6: Technological Competency How Outcomes Will be Measured X X X X X X Tests, Position Papers, Forums X X N/A X X X Tests, Position Papers, Forums X X X X X N/A Tests, Position Papers, Forums Page 13