Syllabus

UNE Summer Session

ECON 1010: Microeconomics – Summer Session – 6 Weeks

Credits - 3

Description

This course provides a thorough introduction to microeconomic theory. This course begins with an analysis of opportunity costs and trade offs. These concepts are then used as the foundation for studying producer and consumer behavior.  Next, consumer and producer behavior theory are combined and used as the building blocks for an analysis of supply, demand, consumer surplus, producer surplus, and elasticity. The course concludes with an overview of the four market structures commonly studied in microeconomics and how they rely on the concepts and theories that have provided the foundation for the course. Recommended prerequisite: College Algebra.

Materials

Textbooks

Open Education Resources (Free) we will use in this course:

Greenlaw, S. A., & Shapiro, D. (2011). Principles of microeconomics 2e. OpenStax. https://assets.openstax.org/oscms-prodcms/media/documents/Microeconomics2e-OP.pdf

Saylor Academy. (2012). Microeconomics: Theory through applications. Licensed under a CC BY-NC-SA license. https://saylordotorg.github.io/text_microeconomics-theory-through-applications/index.html

 

UNE-compliant external webcam for the proctored exam

Learning Objectives and Outcomes

Course Objectives

  1. Examine the role economists play in society and how they use critical thinking skills
  2. Analyze the term microeconomics and the components of the economic system: demand, supply, equilibrium,  and consumption
  3. Evaluate the factors of production, market structure, resource allocation, and regulation
  4. Analyze household behavior and consumer choice
  5. Summarize the behavior of profit maximizing firms and the production process
  6. Outline the production and distribution of resources, goods, and services
  7.  Debate the concept of scarcity and opportunity cost with the concept of marginal analysis to evaluate trade-offs and make decisions
  8. Analyze how markets work to allocate resources and the optimal individual decision-making that underlies market outcomes
  9. Identify various market structures and their implications for resource allocation

Assignments

Knowledge Check

Knowledge Check are weekly quizzes that will test your knowledge over the concepts covered in the readings and videos for that week. Your course allows for a possible second attempt with quizzes assignments. Please contact your course instructor if you wish to utilize another attempt.

Discussion

Discussions require two responses. The first response should address the question presented in the prompt. The second response should be a response to a classmate comparing and contrasting examples used in the first response.

Article Analysis

Article Analysis requires an analysis of a current event that relates to a microeconomic concept or theory.

Readings and Video Submission

Readings and Video Submissions are focused questions designed to help students reflect on the readings and videos presented for the weekly topic. 

Worksheet Quiz

Worksheets are opportunities to practice and apply the concepts and theories that are covered each week. Each worksheet quiz consists of either multiple choice, fill-in-the-blank, true/false, or short answer questions that will be based on concept and theory definitions, graph interpretation, mathematical computations and practical scenarios. 

Research Analysis

The Research Analysis allows students to research products and/or firms that operate within each of the following market structures: Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly. Through this analysis, students will become more familiar with the characteristics and attributes of each market structure.

Final

The Final is comprehensive and consists of multiple choice, true/false, and fill-in-the-blank questions which encompasses all material in Weeks 1-6.  The questions are based on theory and concept definitions, graph interpretations, mathematical computations, and practical scenarios.

This Final Exam must be taken though ProctorU. See UNE’s ProctorU page for information about signing up and scheduling your exam. The official UNE webcam is required. 

Grading Policy

Your grade in this course will be determined by the following criteria:

Grade Breakdown

AssignmentsPointsPercentage
Knowledge Check606%
Discussion2929%
Article Analysis: Week 110010%
Readings and Video Submission18018%
Worksheet16016%
Research Analysis: Week 610010%
Final11011%
Total1000100%

Grade Scale

Grade Points Grade Point Average (GPA)
A 94 – 100% 4.00
A- 90 – 93% 3.75
B+ 87 – 89% 3.50
B 84 – 86% 3.00
B- 80 – 83% 2.75
C+ 77 – 79% 2.50
C 74 – 76% 2.00
C- 70 – 73% 1.75
D 64 – 69% 1.00
F 00 – 63% 0.00

Schedule

Course Schedule

Week 1: May 20 – May 26
Week 2: May 27 – Jun 2
Week 3: Jun 3 – Jun 9
Week 4: Jun 10 – Jun 16
Week 5: Jun 17 – Jun 23
Week 6: Short Week Jun 24 – Jun 28 

Week

Topic

Assignments

Due Dates

1

What is Economics?

  • Readings and Video
  • Discussion
  • Identify Media Reflection
  • Knowledge Check 
Initial discussion post due Friday at 11:59 PM. Responses due Sunday at 11:59 PM. All other assignments due Sunday at 11:59 PM. 

2

Factors of Production and the Circular Flow Model

  • Readings and Video 
  • Discussion 
  • Knowledge Check
Initial discussion post due Friday at 11:59 PM. Responses due Sunday at 11:59 PM. All other assignments due Sunday at 11:59 PM. 

3

Production Possibilities Frontier

  • Readings and Video 
  • Discussion
  • Worksheet
  • Knowledge Check
Initial discussion post due Friday at 11:59 PM. Responses due Sunday at 11:59 PM. All other assignments due Sunday at 11:59 PM. 

4

Consumer Theory and Utility

  • Readings and Video 
  • Discussion
  • Worksheets
  • Knowledge Check
Initial discussion post due Friday at 11:59 PM. Responses due Sunday at 11:59 PM. All other assignments due Sunday at 11:59 PM. 

5

Supply, Demand, and Equilibrium

  • Readings and Video 
  • Discussion
  • Worksheets
Initial discussion post due Friday at 11:59 PM. Responses due Sunday at 11:59 PM. All other assignments due Sunday at 11:59 PM. 

6

Market Structures

Finals Week

  • Readings and Video 
  • Market Structures Paper
  • Final Exam
Assignments Due Friday by 11:59 PM 

Student Resources

Summer Session Online Student Support

Your Student Support Specialist is a resource for you. Please don't hesitate to contact them for assistance, including, but not limited to course planning, current problems or issues in a course, technology concerns, or personal emergencies.

Questions? Email: summersessiononline@une.edu.

Instructor and Support Contact Information

Check Brightspace for specific instructor and support specialist contact information.

UNE Libraries

Further Assistance

Your student support specialist monitors course progression and provides assistance or guidance when needed. They can assist questions regarding ordering course materials, University policies, billing, navigating the course in Brightspace, and more.

To request an accommodation a student needs to go through the process with our UNE office. If the student has a current/already established accommodation in place with UNE it is the responsibility of the student to notify the program at summersessiononline@une.edu to ensure it is applied properly.

If you need to inquire about a possible accommodation, please reach out to the Student Access Center by calling 207-221-4418 or send an email to pcstudentaccess@une.edu.

Online Student Support

Your Student Support Specialist is a resource for you. Please don't hesitate to contact them for assistance, including, but not limited to course planning, current problems or issues in a course, technology concerns, or personal emergencies. Questions? Email: prehealth@une.edu.

Instructor and Support Contact Information

Check Brightspace for specific instructor and support specialist contact information.

UNE Libraries

Further Assistance

Your student service advisor monitors course progression and provides assistance or guidance when needed. They can assist questions regarding ordering course materials, University policies, billing, navigating the course in Brightspace, and more.

Policies

Summer Session & Academic Engagement Policy

Online students are required to submit a graded assignment/discussion prior to Sunday evening at 11:59 pm EDT of the first week of the term. If a student does not submit a posting to the graded assignment/discussion by 11:59 pm EDT on Sunday of the first week, the student will be automatically dropped from the course for non-participation. Review the Student Summer Session Manual for full details.

Proctored Examinations

The University of New England has contracted with ProctorU to provide students with the most convenient online exam proctoring system. This system provides a simple, no cost to the student, secure, online proctor for exams and allows the student to take all the exams at home and on their own schedule.

Upon enrollment into the course, if the course has proctored exams, each student will register with ProctorU and establish a login name and password. This will give the student access to all of ProctorU's services. When ready, students will schedule each of their proctored exams with ProctorU. Exams must be scheduled at least 72 hours in advance to avoid fees. Prior to taking their exams, students must be sure that they have downloaded the ProctorU Chrome or Firefox extension and are using the most current version of Chrome or Firefox. They must also be sure their testing site's connection meets the minimum requirements by using ProctorU's "Test It Out" utility.

Upon the exam day and hour, students will log in to ProctorU and click on "exams". After following the procedures outlined at ProctorU's website, the student will log in to Brightspace and locate their correct exam. The proctor will then allow student access to that exam.

Students must use ProctorU and must follow all proctoring requirements for their exams to be credited.

Information about exam attempts can be found in your course.

Technology Requirements

Please review the technical requirements for UNE Online Programs: Technical Requirements.

Course Length

A schedule of lectures and assignments is included in this syllabus.

Courses in the program are equivalent to one-semester courses designed to be completed in 6 or 12 weeks.

  1. Enrollment in the course begins the day your section opens which is listed in the Academic Calendar.
  2. Course due dates, start and end dates are in respect to Eastern Time.

Withdrawal and Refund Policies

Please review the policies in your confirmation email. Contact summersessiononline@une.edu with any questions.

Grade Policy

Students are expected to attempt and complete all graded assignments and proctored exams by the end date of the course.

Transcripts

Due to the Family Educational Rights and Privacy Act, only the student may request official transcripts. This may be done online by going to the University of New England Registrar website and following the directions on the page.

To view your unofficial UNE student transcript:

  1. Log into uonline at http://uonline.une.edu
  2. Select Student Services
  3. Select Student Records
  4. Select Academic Transcript

To request your official UNE student transcript:

Please review your Unofficial Transcript prior to requesting an Official Transcript.

  1. Log into uonline at http://uonline.une.edu
  2. Select Student Services
  3. Select Student Records
  4. Select Request Printed/Official Transcript
  5. Follow the prompts

After you click Submit Request, your official transcript will be put into the queue to be processed in the Registrar's Office.

Academic Integrity

The University of New England values academic integrity in all aspects of the educational experience. Academic dishonesty in any form undermines this standard and devalues the original contributions of others. It is the responsibility of all members of the University community to actively uphold the integrity of the academy; failure to act, for any reason, is not acceptable.

Academic dishonesty includes, but is not limited to the following:

  1. Cheating, copying, or the offering or receiving of unauthorized assistance or information.
  2. Fabrication or falsification of data, results, or sources for papers or reports.
  3. Action which destroys or alters the work of another student.
  4. Multiple submission of the same paper or report for assignments in more than one course without permission of each instructor.
  5. Plagiarism, the appropriation of records, research, materials, ideas, or the language of other persons or writers and the submission of them as one's own.

Charges of academic dishonesty will be reviewed by the College. Penalties for students found responsible for violations may depend upon the seriousness and circumstances of the violation, the degree of premeditation involved, and/or the student’s previous record of violations. Appeal of a decision may be made to the Dean whose decision will be final. Student appeals will take place through the grievance process outlined in the student handbook.

Attendance Policy

Online students are required to submit a graded assignment/discussion prior to Sunday evening at 11:59 pm ET of the first week of the term. If a student does not submit a posting to the graded assignment/discussion prior to Sunday evening at 11:59 pm ET, the student will be automatically dropped from the course for non-participation. Review the full attendance policy.

Assignments

Late assignments will be accepted up to 3 days late; however, there is a 10% grade reduction (from the total points) for the late submission. After three days the assignment will not be accepted. Discussion posts: If the initial post is submitted late, but still within the discussion board week, there will be a 10% grade reduction from the total discussion grade (e.g., a 3 point discussion will be reduced by 0.3 points). Any posts submitted after the end of the Discussion Board week will not be graded. Please make every effort ahead of time to contact your instructor if you are not able to meet an assignment deadline. Arrangements for extenuating circumstances may be considered by faculty.

Proctored Examinations

The University of New England has contracted with ProctorU to provide students with the most convenient online exam proctoring system. This system provides a simple, no cost to the student, secure, online proctor for exams and allows the student to take all the exams at home and on their own schedule.

Upon enrollment into the course, each student will register with ProctorU and establish a login name and password. This will give the student access to all of ProctorU's services. When ready, students will schedule each of their proctored exams with ProctorU. Exams must be scheduled at least 72 hours in advance to avoid fees. Prior to taking their exams, students must be sure that they have downloaded the ProctorU Chrome or Firefox extension and are using the most current version of Chrome or Firefox. They must also be sure their testing site's connection meets the minimum requirements by using ProctorU's "Test It Out" utility.

Upon the exam day and hour, students will log in to ProctorU and click on "exams". After following the procedures outlined at ProctorU's website, the student will log in to Brightspace and locate their correct exam. The proctor will then allow student access to that exam.

Students must use ProctorU and must follow all proctoring requirements for their exams to be credited.

Information about exam attempts can be found in your course.

Technology Requirements

Please review the technical requirements for UNE Online Programs: Technical Requirements

Course Length

A schedule of lectures and assignments is included in this syllabus.

Courses in the program are equivalent to one-semester courses designed to be completed in 6 or 8 weeks

  1. Enrollment in the course begins the day your section opens which is listed in the Academic Calendar found on the Student Success Portal.
  2. Course due dates, start and end dates are in respect to Eastern Time.

Withdrawal and Refund Policies

Please review the policies in your confirmation email. Contact PreHealth@une.edu with any questions.

Grade Policy

Students are expected to attempt and complete all graded assignments and proctored exams by the end date of the course. Contact support with any questions.

Transcripts

Due to the Family Educational Rights and Privacy Act, only the student may request official transcripts. This may be done online by going to the University of New England Registrar website and following the directions on the page.

To view your unofficial UNE student transcript:

  1. Log into uonline at http://uonline.une.edu
  2. Select Student Services
  3. Select Student Records
  4. Select Academic Transcript

To request your official UNE student transcript:

Please review your Unofficial Transcript prior to requesting an Official Transcript.

  1. Log into uonline at http://uonline.une.edu
  2. Select Student Services
  3. Select Student Records
  4. Select Request Printed/Official Transcript
  5. Follow the prompts

After you click Submit Request, your official transcript will be put into the queue to be printed in the Registrar's Office.

Academic Integrity

The University of New England values academic integrity in all aspects of the educational experience. Academic dishonesty in any form undermines this standard and devalues the original contributions of others. It is the responsibility of all members of the University community to actively uphold the integrity of the academy; failure to act, for any reason, is not acceptable.

Academic dishonesty includes, but is not limited to the following:

  1. Cheating, copying, or the offering or receiving of unauthorized assistance or information.
  2. Fabrication or falsification of data, results, or sources for papers or reports.
  3. Action which destroys or alters the work of another student.
  4. Multiple submission of the same paper or report for assignments in more than one course without permission of each instructor.
  5. Plagiarism, the appropriation of records, research, materials, ideas, or the language of other persons or writers and the submission of them as one's own.

Charges of academic dishonesty will be reviewed by the Program Director. Penalties for students found responsible for violations may depend upon the seriousness and circumstances of the violation, the degree of premeditation involved, and/or the student’s previous record of violations. Appeal of a decision may be made to the Dean whose decision will be final. Student appeals will take place through the grievance process outlined in the student handbook.