1. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions course syllabus blended model student version next Cover evening classes Principles of Microeconomics ECON 102 Benedictine Hallmarks 2011-2012 STABILITY  STEWARDSHIP

2. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Benedictine University Margaret and Harold Moser Center 1832 Centre Point Circle Naperville, IL 60563 Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience Discipline  Humility  Stewardship  Hospitality  Community Phone: (630) 829-6289 Fax: (630) 829-1375 moser college mission and vision Addresses the educational needs of adult students by developing and providing engaging, relevant and accelerated programs. Enhances scholarship, leadership skills, social responsibility, and promotes life-long learning. Provides high-quality, easily accessible educational opportunities for adult learners. Enables adults to earn specific undergraduate and graduate degrees while maintaining their personal and professional commitments. Develops new degree and non-degree programs that address the expressed needs of the professional community. course syllabus blended model Moser College Mission Statement: Moser College embodies the values of respect, excellence, collaboration, and professionalism. We are committed to delivering innovative and dynamic programs designed for adult students who are dedicated to enhancing their professional, local, and global communities. Moser College Vision Statement: To be one of the premier university colleges in the nation. ECON 102 Principles of Microeconomics student version about this document about Moser College about blended learning hallmarks of a Benedictine education student expectations attendance policy submission of work netiquette _________________________ IDEA objectives & IDEA description course overview required textbooks grading scale learning outcomes course schedule financial aid library resources Academic Honesty Policy APA formatting and style APA resources for students Student Success Center (SSC) services for students with disabilities _________________________ Benedictine Current Students Moser Center Student Information Student Login to D2L Student E-Mail Login Academic Calendars BenUConnect  MyBenU contents links 2 Content Links external links

3. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community About Blended Learning Blended learning is the integration of different learning environments: mainly the online format with the face-to-face format, but may also include mobile learning. Blended learning, also referred to as hybrid learning, relies on both the advantages of digital/technology innovation and the methods of face-to- face instruction. At Moser College, we use blended learning by combining asynchronous online classroom sessions with a face-to-face classroom environment. We alternate between the online session and the face-to-face session in 5-week courses, with the A session being face-to-face and the B session being online. 3 About Your Program at Benedictine University – Moser College About This Document This is a hypermedia document – it has been built to mimic navigation on the web. This document can also be viewed as a presentation or it can be printed like a traditional document. We use this sort of document because it allows for navigation links (hyperlinks) to text, graphics, audio/video, and the web. This type of document also allows you to navigate in a nontraditional, nonlinear way – by following the page links you are not bound to read or flip through the document in any sort of order. This is yet another example of Moser College’s commitment to advancements in technology and blended learning. About Moser College The Moser College of Adult & Professional Studies delivers its curricular programs in a specifically designed structure deliberately oriented for working, adult learners. The Moser College is committed to providing a learning environment which extends beyond the classroom and is designed specifically to meet the needs of its students and their employers by bringing a quality educational experience without requiring the student to relocate or travel extensively beyond their home area. Benedictine University's Moser College of Adult & Professional Studies is fully accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools*. hallmarks of a Benedictine Education: About Principles of Microeconomics | ECON 102 * web pathBenedictine UnivAcademic ProgramsMoser College

4. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 4 The Ten Hallmarks of a Benedictine Education A Benedictine Education Based on the Rules of Saint Benedict, a Benedictine Education is based on the Benedictine Wisdom Tradition that sets as its goals the transformation of the Human mind AND Heart and has at its foundation “The Ten Hallmarks of a Benedictine Education”.Rules of Saint Benedict“The Ten Hallmarks of a Benedictine Education The Ten Hallmarks Each academic year Moser College will be celebrating two of the Hallmarks. This academic year 2011-2012, the Hallmarks Stability and Stewardship have been chosen. The ten hallmarks are: 1.Love of Christ and Neighbor 2.Prayer: a Life marked by liturgy, lection and Mindfulness 3.Stability: commitment to the daily life of this place, its heritage and tradition 4.Conversatio: the way of formation and transformation 5.Obedience: a commitment to listening and consequent action 6.Discipline: a way toward learning and freedom 7.Humility: knowledge of self in relation to God, others and creation 8.Stewardship: responsible use of creation, culture and the arts 9.Hospitality: openness to others 10. Community: call to serve the common good Portrait (1926) by Herman Nieg (1849–1928); Heiligenkreuz Abbey, Austria Hallmarks Principles of Microeconomics | ECON 102

5. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 5 Student Expectations Expectations of Students In order to get the maximum use of the time available, it is expected that you will: Read the material to be covered in the class and complete required assignments prior to attending the class/session; Arrive/login to class/session prepared to participate actively; Be prepared to actively participate in the collaborative activities of each class/session; and Always feel free to seek additional help from the instructor when the need arises. Attendance Policy Students may not miss more than 25% of the live classroom sessions. Doing so will result in an F for the course. Expectations financial aid information Principles of Microeconomics | ECON 102 Submission of Work All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor. Assignments must be submitted by due date. Any assigned work submitted late for any unexcused reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L. In the event that you miss an examination for due cause, arrangements must be made with the instructor for a make-up examination. Important criteria concerning the submission of work: Make-up examinations may differ from the original class examination. Per University policy, assignments cannot be accepted by an instructor after the last day of the course. Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes. information concerning netiquette:

6. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 6 About Netiquette What is Netiquette? "Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well. Netiquette Netiquette Basics 1.Follow the Golden Rule (“One should treat others as one would like others to treat oneself”) 2.Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice 3.Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may not be appropriate in a classroom or in an online conversation with an instructor 4.Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs and headers and 6) limiting your use of attachments 5.Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier for the poster, but it is not easier for the reader For more information please review Netiquette by Virginia Shea Inappropriate Online Usage 1.Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often online then in face-to-face interaction, because there is an illusion of anonymity. 2.Flaming is neither productive nor appropriate for the learning environment 3.Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar, punctuation and spelling corrections 4.Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often seen as a form of aggression 5.Use emoticons ( :), :(, :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language Confidentiality and Privacy 1.Email, messaging and posting are forms of written record and are just as permanent as a letter or document 2.Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.) 3.Respect copyright and cite any and all sources 4.Do not expect that your communications are private, instead assume all communications are public Principles of Microeconomics | ECON 102

7. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community IDEA Objectives Acquiring skills in working with others as a member of a team. Developing creative capacities (writing, inventing, designing, performing in art, music, drama, etc.) Gaining a broader understanding and appreciation of intellectual/ cultural activity (music, science, literature, etc.) Developing skill in expressing oneself orally or in writing. Learning how to find and use resources for answering questions or solving problems. Developing a clearer understanding of, and commitment to, personal values. Learning to analyze and critically evaluate ideas, arguments, and points of view. Acquiring an interest in learning more by asking questions and seeking answers. 7 Individual Development and Educational Assessment IDEA Description The IDEA student survey focuses on the instructor’s learning objectives for the course and on the progress each student made toward achieving those objectives. By answering thoughtfully and honestly, your ratings and comments will be much more helpful – to the instructor, the department chair, and the dean of the college. As students, you should also know that student ratings and comments have been used to help evaluate courses and to improve the educational experience at Benedictine University. The appropriate standard of conduct with respect to student surveys is thoughtful comments and constructive criticism – respectfully communicated. A Focus on Learning “The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than emphasizing teaching style or personality, the IDEA system focuses on student learning and the methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5www.theideacenter.org/node/5 IDEA Principles of Microeconomics | ECON 102

8. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community Course Description Demand-Supply model, consumer and firm decision-making, market structures, price determination, resource allocation. 8 Student Evening Course Overview Course Materials Required Textbook and Materials Colander, C. David (2010). Microeconomics (9 th Ed.) New York, NY: McGraw-Hill ISBN 978-007750180 Suggested Course Materials Wall Street Journal, Investors Business Daily, cnbc.com, forbes.com, The Course Grading Scale Technological Computer Requirements Students in the Blended program will need: High-speed Internet access; a sound card and speakers; Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or higher. It is also highly recommended that students have access to a microphone or webcam for optional audio/videoconferencing. A=4.0090 - 100%EXCELLENT B = 3.0080 – 89%GOOD C = 2.0070 – 79%SATISFACTORY D = 1.0060 – 69%PASS F = 0.00BELOW 60%FAIL I = INCINCOMPLETE Course Overview Discussion Forum Guidelines To receive a minimum passing grade, students must make a post to each discussion question for that week by day 4 of each week and respond to at least two other postings by the end of the week. Individual Posts are worth up to 5 points and the total Response Posts are worth up to 5 points total. Each discussion will total up to 10 points. Principles of Microeconomics | ECON 102

9. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 9 Student Evening Course Outcomes Learning Outcomes about Bloom’s Taxonomy Principles of Microeconomics | ECON 102 WkLearning ObjectiveAssignmentPts 1A Explain and illustrate PBLPBL Example: Different forms of business Build a case for outsourcing and how it can improve profitability Chapter 1-3 questions5 pts Elaborate on how taxes and subsidies can influence supply and demand Chapter 1-3 questions5 pts 1B Analyzing the world economyTopic: Globalization. Discussion Post and two Response Posts on D2L 10 pts 2A Assess your knowledge.Quiz 1 – covering chapters 1-325 pts Defend the position that Price Ceilings and Price Floors actually hinder the economy Chapter 4-6 questions5 pts Discuss substitution and how its correlation to supply and demand. Explain and illustrate BPL Chapter 4-6 questions BPL Example: Capitalism, Socialism and Market Economy 5 pts 2B Evaluate market interventionTopic: Market Preferences. Discussion Post and two Response Posts on D2L 10 pts 3A Assess your knowledge.Quiz 2 – covering chapters 4-625 pts Create a scenario where taxation and government intervention is a positive Chapter 7-9 questions5 pts Evaluate and recommend when Comparative Advantage should be allowed to be used to better the overall economy Explain and illustrate PBL Chapter 7-9 questions PBL Example: Burden of Taxation 5 pts 3B Analyze production expensesTopic: Producer Surplus. Discussion Post and two Response Posts on D2L 10 pts

10. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 10 Student Evening Course Outcomes Learning Outcomes Principles of Microeconomics | ECON 102 WkLearning ObjectiveAssignmentPts 4A Assess your knowledge.Quiz 3 – covering chapters 7-925 pts Defend both sides of trade restrictions.Chapter questions 10-125 pts Discuss production and cost analysis. Explain and Illustrate PBL Chapter questions 10-12 PBL Example: Tariffs & Quotas 5 pts 4B Explain outsourcingTopic: China & India outsourcing. Discussion Post and two Response Posts on D2L 10 pts 5A Assess your knowledge.Quiz 4 – covering chapters 10-1225 pts Explain profit maximization.Chapter questions 13-1510 pts Distinguish between Perfect Competition, Monopoly and Monopolistic Competition. Problem based learning paper: Market Structures50 pts 5B Examine key technological advances in production Topic: New Technology. Discussion Post and two Response Posts on D2L 10 pts Total Points for the Course Discussion Questions10 points each x 5= 50 points20% of the total points Questions & Excercises10 points each x 5= 50 points20% of the total points Quizzes25 points each x 4= 100 points40% of the total points PBL project25 points each x 1= 50 points20% of the total points Total Points for the Course= 250 points100% of the total points

11. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 11 Student Evening Course Schedule SessionLoc.Class TitleAssignments 01 AF2F Economics, Trade and Globalization no pre-assignment for session 1A Review Chapter 1-3 of textbook. Chapter 1 Questions 1-5, page 21. Chapter 2, Questions 1-5 page 39-40. Chapter 3, Questions 1-5 page 69. Real World Application Chapter 2: Made in China, Ken and Barbie page 35. PBL Example: Different forms of business (steps 1-6) 01 Bonline Economics, Trade and Globalization Discussion #1 – Globalization. * Assignments are due before class and are required to be submitted to the dropbox in D2L. Chapter 1 Issues to Ponder Question 3 page 22. Chapter 2, Questions & Exercises #6 & #9 page 39. Chapter 3, Questions & Exercises #1-#8 page 69. 02 AF2F Using Supply & Demand and Elasticities Quiz #1 covering Chapters 1-3. Review Chapter 4-6 of textbook. Chapter 4 Questions 1-7, page 96. Chapter 5, Questions 1-5 page 113. Chapter 6, Questions 1-6 page 141-142. Real World Application Chapter 6: Measuring your elasticity page 135. PBL Example: Capitalism, Socialism and Market Economy (steps 1-6). 02 Bonline Using Supply & Demand and Elasticities Discussion #2 – Market Interferences. * Assignments are due before class and are required to be submitted to the dropbox in D2L. Chapter 4 Questions & Exercises #1-#4 page 96. Chapter 5, Questions & Exercises #1-#3 page 111. Chapter 6, Questions & Exercises #1-#3 page 140. 03 AF2F Taxation, Government Intervention & Exchange Rates Quiz #2 covering Chapters 4-6. Review Chapter 7-9 of textbook. Chapter 7 Questions 1-5, page 160. Chapter 8, Questions 1-5 page 182. Chapter 9, Questions 1-5 page 203. PBL Example: Burden of Taxations (steps 1-6). 03 Bonline Taxation, Government Intervention & Exchange Rates Discussion #3 – Producer surplus. * Assignments are due before class and are required to be submitted to the dropbox in D2L. Chapter 7 Questions & Exercises #7-#9 page 160. Chapter 8, Questions & Exercises #1-#4 page 181. Chapter 9, Questions & Exercises #12-#14 page 202. Course Schedule Principles of Microeconomics | ECON 102

12. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 12 Student Evening Course Schedule SessionLoc.Class TitleAssignments 04 AF2F Production, Cost Analysis and International Trade Quiz #3 covering Chapters 7-9. Review Chapter 10-12 of textbook. Chapter 10 Questions 1-5, page 223. Chapter 11, Questions 1-7 page 241. Chapter 12, Questions 1-5 page 259. Real World Application: Chapter 12 Automobile Production and Technology. PBL Example: Tariffs & Quotas(Steps 1-6) 04 Bonline Production, Cost Analysis and International Trade Discussion #4 – China & India Outsourcing. * Assignments are due before class and are required to be submitted to the dropbox in D2L. Chapter 10 Questions & Exercises #1-#4 page 223. Chapter 11, Questions & Exercises #4-#7 page 241. Chapter 12, Questions & Exercises #4 & #5 page 259. 05 AF2F Perfect Competition, Monopoly and Monopolistic Competition Quiz #4 covering Chapters 10-12. Review Chapter 13-15 of textbook. Chapter 13 Questions 1-5, page 283. Chapter 14, Questions 1-5 page 308-309. Chapter 15, Questions 1-5 page 331. Real World Application Chapter 14: Patent control. 05 Bonline Perfect Competition, Monopoly and Monopolistic Competition Discussion #5 – New Technology. * Assignments are due before class and are required to be submitted to the dropbox in D2L. PBL Assignment: Market Structures. Course Schedule Principles of Microeconomics | ECON 102