BBA 2501, Principles of Microeconomics

1 bba 2501 , Principles of Microeconomics 1 Course Description Introduces economic theory and practice, specifically the economic system of supply and demand. Includes the effect this system has on business and individuals, especially in the making of decisions. Analyzes the foundations of economic reasoning and central key terms, laws, and concepts of economic analysis and understanding. Course Textbook McEachern, W. A. ( 2015 ). ECON Microeconomics (4th ed.). Stamford, CT: Cengage Learning. Course Learning Outcomes Upon completion of this course, students should be able to: 1. Investigate resource scarcity as the central economic problem. 2. Analyze how supply and demand impact the market for goods and services. 3. Explain how supply and demand elasticity affects consumer decisions. 4. Discuss how perfectly competitive markets affect the decision-making process in business firms.

2 5. Differentiate among a monopoly, monopolistic competition, and an oligopoly. 6. Examine the market for resources as it pertains to business firms. 7. Critique the theories of economic regulation. 8. Interpret poverty, pollution, and public versus private goods. Credits Upon completion of this course, the students will earn three (3) hours of college credit. Course Structure 1. Unit Learning Outcomes: Each unit contains Learning Outcomes that specify the measurable skills and knowledge students should gain upon completion of the unit. 2. Unit Lessons: Each unit contains a Unit Lesson, which discusses unit material. 3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters from the textbook. Chapter presentations are provided in each unit study guide as Suggested Reading to aid students in their course of study.

3 Suggested Readings are listed in the unit study guides to aid students in their course of study. The readings themselves may or may not be provided in the course, but students are encouraged to read the resources listed if the opportunity arises as they have valuable information that expands upon the lesson material. Students will not be tested on their knowledge of the Suggested Readings. 4. Learning Activities (Non-Graded): These non-graded Learning Activities are provided in Units III, IV, VI, VII, and VIII to aid students in their course of study. 5. Unit Assignments: Students are required to submit for grading Unit Assignments in Units I-VIII. Units IV, VI, and VIII each have two assignments. Specific information and instructions regarding these assignments are provided below. Grading rubrics are included with each assignment. Specific information about accessing these rubrics is provided below.

4 bba 2501 , Principles of Microeconomics Course Syllabus bba 2501 , Principles of Microeconomics 2 6. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or course content related questions. 7. Student Break Room: This communication forum allows for casual conversation with your classmates. CSU Online Library The CSU Online Library is available to support your courses and programs. The online library includes databases, journals, e-books, and research guides. These resources are always accessible and can be reached through the library webpage. To access the library, log into the myCSU Student Portal, and click on CSU Online Library. You can also access the CSU Online Library from the My Library button on the course menu for each course in Blackboard. The CSU Online Library offers several reference services.

5 E-mail and telephone ( ) assistance is available Monday Thursday from 8 am to 5 pm and Friday from 8 am to 3 pm. The library s chat reference service, Ask a Librarian, is available 24/7; look for the chat box on the online library page. Librarians can help you develop your research plan or assist you in finding relevant, appropriate, and timely information. Reference requests can include customized keyword search strategies, links to articles, database help, and other services. Unit Assignments Unit I Homework Answer the following from the Problems Appendix in the back of your textbook on pp. 351-352, and upload your answers through Blackboard: Chapter 1: Questions 1, 2, 3, and 6 Chapter 2: Questions 2, 3, 4, 6, and 8 Your completed Homework assignment should be at least three to four pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

6 All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit II Homework Answer the following from the Problems Appendix in the back of your textbook on pp. 353-354, and upload your answers through Blackboard: Chapter 4: Questions 1, 2, 3, 4, 11, 12, 13, and 14 Your completed Homework assignment should be at least three to four pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit III Homework Answer the following from the Problems Appendix in the back of your textbook on pp. 354-355, and upload your answers through Blackboard: Chapter 5: Questions 1, 2, 3, 4, 5, 7, 8 and 9 Your completed Homework assignment should be at least three to four pages in length.

7 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. bba 2501 , Principles of Microeconomics 3 Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit IV Homework Answer the following from the Problems Appendix in the back of your textbook on pp. 357, and upload your answers through Blackboard: Chapter 8: Questions 1-8 Your completed Homework assignment should be at least three to four pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below.

8 Unit IV Essay Write a two-page essay that explains why in perfect competition, there are no economic profits or losses in the long run. Use a minimum of two academic journal articles from the CSU Online Library. Your essay must be formatted in APA style. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit V Homework Your completed Homework assignment should be at least three to four pages in length. Answer the following from the Problems Appendix in the back of your textbook on pp. 358-360, and upload your answers through Blackboard: Chapter 9: Questions 1, 2, 3, 8, and 10 Chapter 10: Questions 1, 2, 3, 6, 7, 8, 9, 10, 11 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

9 All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit VI Homework Your completed Homework assignment should be at least three to four pages in length. Answer the following from the Problems Appendix in the back of your textbook on pp. 361-362, and upload your answers through Blackboard: Chapter 12: Questions 1-11 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit VI Essay Write a two-page essay that investigates the ways in which a union can increase employment for its members. For example, when unions pay television time to urge consumers to buy certain products, they are helping themselves and the companies with which they work.

10 Be sure to discuss the possibility that unions are not always adversarial with management. Use a minimum of two academic journal articles from the CSU Online Library. Your essay must be formatted in APA style. bba 2501 , Principles of Microeconomics 4 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style. Information about accessing the Blackboard Grading Rubric for this assignment is provided below. Unit VII Homework Answer the following from the Problems Appendix in the back of your textbook on pp. 363-364, and upload your answers through Blackboard: Chapter 15: Questions 1-8 Your completed Homework assignment should be at least three to four pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.