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Other · Richards College of Business · Economics

Intermediate Microeconomics
ECON-3411

  • Fall 2020
  • Section N01
  • 3 Credits
  • 08/12/2020 to 12/05/2020
  • Modified 08/11/2020

Description

The course develops models of the economic behavior of consumers, firms, and government. The topics include: supply and demand, competitive equilibrium and the role of prices in resource allocation, non-competitive market structures, game theory and strategy, externalities, public goods and public policy.

Requisites

Prerequisites:
ECON 2105 and ECON 2106 and (MATH 1111 or MATH 1113 ) and Richards Col Upper Division RCUD
Corequisites:

Contact Information

Instructor: Dr. Adrian Austin

The phone number listed above is my UWG office phone number. With the current COVID crisis, I am not in my office very often. Please call/text me at my cell number which is (770) 405-9639

Use CourseDen mail for all course related questions. All email will be answered within 1 business day.

Office Hours

  • Teleconference with Google Meet

Please call or email so that we can set up a mutually convenient time.

Materials

Connect

The textbook for this class is Microeconomics And Behavior With Connect by RobertFrank

We will use the McGrawHill Connect portal for this textbook. Connect is embedded in CourseDen.

There are two ways to gain access to this portal

  1. You can buy access directly through Connect (this is what most students do).
  2. You can buy an access card. Access cards are available from the university bookstore.

Course Lectures

Available in the chapter folders on CourseDen

Outcomes

This course seeks to help you develop the tools necessary to analyze and investigate various economic problems. To do this we will expand the concepts that you learned in Principles of Microeconomics to develop richer, more flexible (and more complex) economic models.

The course is (necessarily) more quantitatively oriented than the introductory class (i.e. more mathematics). Graphs and pictures can provide insight, but the real power of economic analysis comes in calculating quantitative answers to economic problems.

For every economic problem, we shall look initially at the simplest case containing the fundamental issues. Second we will construct a model (using graphical and algebraic tools) that represents the fundamental issues. Then we shall solve the model to see what economic intuition we can derive from it. Finally we will expand the model to make it look more like the "real world." The goal is for the models to provide us with an intuitive explanation (and predictions) of the choices made by economic agents (consumers, producers, governments etc). (Learning Objectives 2.1, 4.1, 6.1, 6.2)

Note. A complete list of expected Learning Goals and Objectives can be found at the Richards College of Business web site.

Evaluation

Criteria

Types of evaluations and related weights
Type Weight Topic Notes
Homework 20%
Learnsmart Exercises 10%
Midterm Exams 45%

There will be three midterms. The lowest score of the three midterms will be dropped. 

Final Exam 25%

The final exam is cumulative and will not be dropped.

I will proctor the final using Google Meet. You will need a webcam or a phone with video. If this is a problem for you please let me know as soon as possible.

 

Breakdown

Resulting grade and related performance levels
Grade Range Notes
A 90% to 100%

The overall course percentage will be rounded to the nearest digit.

B 80% to 89%
C 70% to 79%
D 60% to 69%
F less than 60%

Assignments

Homework

There will be group homework as well as individual homework.

Each group must have 2 to 4 people. You will self select into groups. There will be no group assignments until October. Groups cannot change during the semester.

The lowest two homework scores will be dropped. 

Homework exercises are due on Sundays at 11:59 PM

Learnsmart

LearnSmart is an unparalleled, intelligent learning system based on cognitive mapping that diagnoses students' knowledge of a particular subject then creates an individualized learning path geared towards student success in the course. It offers individualized assessment by delivering appropriate learning material in the form of questions at the right time helping students attain mastery of the content. As a student works within the system, LearnSmart develops a personal learning path adapted to what the student has learned and retained. LearnSmart is also able to recommend additional study resources to help the student master topics. You can find instructions for LearnSmart here.

The LearnSmart exercises can be found at the Connect portal. There are 12 exercises (one per chapter). The lowest two scores will be dropped.

Learnsmart Exercises are due on Wednesdays at 11:59 PM.

Schedule

All Assignments are due at 11:59 PM EST. Since we drop the lowest two homework exercises, the lowest two Learnsmart exercises and the lowest midterm, no extensions are permitted.

 

Item Date due
Chapter 1 Learnsmart Wednesday, August 19, 2020
Chapter 1 Homework Sunday, August 23, 2020
Chapter 2 Learnsmart Wednesday, August 26, 2020
Chapter 2 Homework Sunday, August 30, 2020
Chapter 3 Learnsmart Wednesday, September 02, 2020
Chapter 3 Homework Sunday, September 06, 2020
Chapter 4 Learnsmart Wednesday, September 09, 2020
Chapter 4 Homework Sunday, September 13, 2020
Chapter 5 Learnsmart Wednesday, September 16, 2020
Chapter 5 Homework Sunday, September 20, 2020
Exam 1 Sunday, September 27, 2020
Chapter 6 Learnsmart Wednesday, September 30, 2020
Chapter 6 Homework Sunday, October 04, 2020
Chapter 8 Learnsmart Wednesday, October 07, 2020
Chapter 8 Homework Sunday, October 11, 2020
Chapter 9 Learnsmart Wednesday, October 14, 2020
Chapter 9 Homework Sunday, October 18, 2020
Chapter 10 Learnsmart Wednesday, October 21, 2020
Chapter 10 Homework Sunday, October 25, 2020
Exam 2 Sunday, November 01, 2020
Chapter 11 Learnsmart Wednesday, November 04, 2020
Chapter 11 Homework Sunday, November 08, 2020
Chapter 12 Learnsmart Wednesday, November 11, 2020
Chapter 12 Homework Sunday, November 15, 2020
Chapter 13 Learnsmart Wednesday, November 18, 2020
Chapter 13 Homework Sunday, November 22, 2020
Exam 3 Wednesday, November 25, 2020
Course calendar and related activities
When Topic Notes
Final Exam (session 1)
12/02/2020
10:00 AM - 12:00 PM
 

There are two dates for the final. You can sign up for either one of them. 

I will proctor the final using Google Meet. You will need a webcam or a phone with video. If this is a problem for you please let me know as soon as possible.

Final Exam (session 2)
12/03/2020
5:00 PM - 7:00 PM
 

There are two dates for the final. You can sign up for either one of them. 

I will proctor the final using Google Meet. You will need a webcam or a phone with video. If this is a problem for you please let me know as soon as possible.

Course Policies and Resources

You are expected to log on to CourseDen at least once a day.

College/School Policies

Wolf Pact

Having read the Honor Code for the University of West Georgia, I understand and accept my responsibility to uphold the values described therein and to conduct myself in a manner that will reflect the values of UWG and the Richards College of Business so as to respect the rights of all UWG community members. As a UWG student, I will represent myself truthfully and complete all academic assignments honestly and within the parameters set by my instructor.

I understand and accept that if I am found guilty of violations (through processes due me as a UWG student and outlined in the UWG Student Handbook), penalties will be imposed.

I also recognize that my responsibility includes a willingness to confront members of the UWG community if I feel there has been a violation of the Honor Code.  

Ultimately, I will conduct myself in a manner that promotes UWG as the best place to work, learn, and succeed for my generation, and those to come!

About the Richards College of Business

Vision
To become a globally recognized college of business preparing forward-thinking, responsible leaders.

Mission
We are in the business of transforming lives through education, engagement, and experiences.

Strategic Goals and Values

Student Success
Admit quality students and provide them with an education that is rich in experiences and engagement opportunities to prepare them to be effective and ethical professionals.

Academic Success
Recruit, retain and develop faculty and staff by providing sufficient resources to support dynamic and up-to-date bachelor and master-level curricula, to conduct research and other professional activities, and to support engagement with all stakeholders.

Operational Success
Recruit, retain and develop administrative management and staff personnel to manage, develop and support infrastructure and those activities that build internal and external partnerships while working in an ever-changing environment.

Ethical Values
The Richards College of Business community (administrators, faculty, staff, students, and business partners) share a commitment to the principles of honesty and integrity in interactions and undertakings, accountability for personal behavior, and respect for the rights, differences, and dignity of others. In addition, we strive to continuously improve our abilities to recognize unethical behavior and to make ethical and moral decisions.

Institutional Policies

Academic Support

Accessibility Services: Students with a documented disability may work with UWG Accessibility Services to receive essential services specific to their disability. All entitlements to accommodations are based on documentation and USG Board of Regents standards. If a student needs course adaptations or accommodations because of a disability or chronic illness, or if he/she needs to make special arrangements in case the building must be evacuated, the student should notify his/her instructor in writing and provide a copy of his/her Student Accommodations Report (SAR), which is available only from Accessibility Services. Faculty cannot offer accommodations without timely receipt of the SAR; further, no retroactive accommodations will be given. For more information, please contact Accessibility Services.

Center for Academic Success: The Center for Academic Success provides services, programs, and opportunities to help all undergraduate students succeed academically. For more information, contact them: 678-839-6280 or [email protected]

University Writing Center: The University Writing Center assists students with all areas of the writing process. For more information, contact them: 678-839-6513 or [email protected]

Online Courses

UWG takes students’ privacy concerns seriously: technology-enhanced and partially and fully online courses use sites and entities beyond UWG and students have the right to know the privacy policies of these entities. For more information on privacy and accessibility for the most commonly used sites, as well as technology requirements visit the UWG Online site.

Students enrolled in online courses can find answers to many of their questions in the Online/Off-Campus Student Guide.

If a student is experiencing distress and needs help, please see the resources available at the UWG Cares site. Online counseling is also available for online students.

Honor Code

At the University of West Georgia, we believe that academic and personal integrity are based upon honesty, trust, fairness, respect, and responsibility. Students at West Georgia assume responsibility for upholding the honor code. West Georgia students pledge to refrain from engaging in acts that do not maintain academic and personal integrity. These include, but are not limited to, plagiarism, cheating, fabrication, aid of academic dishonesty, lying, bribery or threats, and stealing. 

The University of West Georgia maintains and monitors a confidential Academic Dishonesty Tracking System. This database collects and reports patterns of repeated student violations across all the Colleges, the Ingram Library, and the School of Nursing. Each incidence of academic dishonesty is subject to review and consideration by the instructor, and is subject to a range of academic penalties including, but not limited to, failing the assignment and/or failing the course. Student conduct sanctions range from verbal warning to suspension or expulsion depending on the magnitude of the offense and/or number of offenses. The incident becomes part of the student’s conduct record at UWG.

Additionally, the student is responsible for safeguarding his/her computer account. The student’s account and network connection are for his/her individual use. A computer account is to be used only by the person to whom it has been issued. The student is responsible for all actions originating through his/her account or network connection. Students must not impersonate others or misrepresent or conceal their identities in electronic messages and actions. For more information on the University of West Georgia Honor Code, please see the Student Handbook.

UWG Email Policy

University of West Georgia students are provided a MyUWG e-mail account. The University considers this account to be an official means of communication between the University and the student. The purpose of the official use of the student e-mail account is to provide an effective means of communicating important university related information to UWG students in a timely manner. It is the student’s responsibility to check his or her email.

Credit Hour Policy

The University of West Georgia grants one semester hour of credit for work equivalent to a minimum of one hour (50 minutes) of in-class or other direct faculty instruction AND two hours of student work outside of class per week for approximately fifteen weeks. For each course, the course syllabus will document the amount of in-class (or other direct faculty instruction) and out-of-class work required to earn the credit hour(s) assigned to the course. Out-of-class work will include all forms of credit-bearing activity, including but not limited to assignments, readings, observations, and musical practice. Where available, the university grants academic credit for students who verify via competency-based testing, that they have accomplished the learning outcomes associated with a course that would normally meet the requirements outlined above (e.g. AP credit, CLEP, and departmental exams).

HB 280 (Campus Carry)

UWG follows University System of Georgia (USG) guidance: http://www.usg.edu/hb280/additional_information#

You may also visit our website for help with USG Guidance: https://www.westga.edu/police/campus-carry.php

Mental Health Support

If you or another student find that you are experiencing a mental health issue, free confidential services are available on campus in the Counseling Center. Students who have experienced sexual or domestic violence may receive confidential medical and advocacy services with the Patient Advocates in Health Services. To report a concern anonymously, please go to UWGcares.

ELL Resources

If you are a student having difficulty with English language skills, and / or U.S. culture is not your home culture, specialized resources are available to help you succeed. Please visit the E.L.L. resource page for more information.

COVID-19

Proctored Exams/Online Instruction: Students should be aware and plan ahead for the possibility of having to complete all courses and/or exams online or in a proctored environment. This means talking with your instructors about what minimum technical requirements (software and hardware) will be required should your class move online or a student's personal needs dictate. This also includes making plans for internet access at whatever location participation may occur.

Virtual or in-person proctored exams, if your instructor should require them, may result in an additional cost to the student. Please discuss these details with your instructor or see the information provided here.

Face Coverings: Effective July 15, 2020, University System of Georgia institutions, including the University of West Georgia, will require all faculty, staff, students, and visitors to wear an appropriate face covering while inside campus facilities/buildings where six feet social distancing may not always be possible. Face covering use will be in addition to and is not a substitute for social distancing.

Face coverings are not required in campus outdoor settings where social distancing requirements are met. Anyone not using a face covering when required will be asked to wear one or must leave the area.

Reasonable accommodations may be made for those who are unable to wear a face covering for documented health reasons.

Student FAQs: For more information about UWG COVID-19 guidance for students visit the Student FAQ webpage

 

Additional Items

This syllabus is subject to change. Any changes made to the syllabus will be posted to CourseDen.