Bus1343 Syllabus Fall13

Southwestern Assemblies of God University
School of Distance Education
Dr. Christi Sanders

Fall 2013
First day of the semester: Sept. 4, 2013
Last day of the semester: Dec. 11, 2013

School of Business and Education
BUS 1343 PRINCIPLES OF MICROECONOMICS
COURSE OUTLINE
Fall 2013
Contents
SAGU ACADEMIC POLICIES.....................................................................................................5
PROFESSOR CONTACT.........................................................................................................5
MODEL COVER SHEET*.......................................................................................................... 12
COURSE DESCRIPTION
Study of the economics of the firm, the industry, and the household. The course
reviews allocation of resources through the price system under varying degrees of
competition; examination of the effect of wages, rent, interest, and profit, and
applications to current economic problems.
STUDENT LEARNING OUTCOMES:
In completing this course of study each student should expect to:
Using critical thinking, identify key features of microeconomics from those of
macroeconomics important to the manager;
Describe and explain the concepts of Price, Quantity, and Efficiency and their
impact on market equilibrium;
Using critical thinking, explain the basic theories of consumer behavior,
production costs, and the four distinct market structures;
Identify and describe the significance of Resource Demand and Wage
Determination, and explain the concepts of Rent, Interest, and Profit and the
role of Natural Resource and Energy Economics
Describe and explain basic components of Governmental microeconomics
issues and policies
COURSE TEXT/S
McConnell, C., Brue, S., & Flynn, S., (2012) Economics: Principles, Problems, & Policies,
19th Ed., New York, NY: McGraw-Hill/Irwin Publishing Co. ISBN: 978-0-07-351144-3
Harvard Case Study: Barack Obama & the Bush Tax Cuts
Harvard Case Study: The Greek Crisis
Maxwell, J. & Elmore, T., (2007) Maxwell Leadership Bible, 2 nd Ed., Nashville, TN:
Thomas Nelson Publishing Co. ISBN: 978-0-7180-2015-6 (Any version acceptable)

Dr. Christi Sanders

Fall 2013
COURSE REQUIREMENTS:
1. Read the course textbooks according to assignment.
2. Successfully complete the course quizzes/exams.
3. Develop essays as assigned.
4. Participate in class as fully as reasonably possible.
5. Attend minimum of 80% of scheduled class meetings.
COURSE METHODOLOGY:
The course will be delivered using classroom lectures consisting of verbal and
multimedia presentations, group discussions, and written assessments. The students
will be assessed in obtaining the course objectives through written essay/projects and
examinations.
COURSE EVALUATION:
Grades for the course will be based upon the cumulative total of course content exams
covering lectures and textbook reading. The evaluation will also include the essay
assignments and class participation.
Student scores are to be discussed in private conference with the instructor. The
following is a rough approximation of relative values for evaluation:
Grades
Assignments:
20 Assignments x 10 pts = 200 pts
2 Case Studies x 70 pts = 140 pts
Total Points = 340 pts
Group Research Project:
Outline = 20 pts
References = 20 pts
Final Grp Research Project = 100 pts
Group Presentation/Power Point = 100
pts
Group Individual Evals = 20 pts
Exams:
Midterm = 200 pts
Final = 200 pts
Total Possible Points = 1000
Undergraduate Grading
Scale
A
93-100
A90-92
B+
87-89
B
83-86
GPA
4.0
3.7
3.3
3.0
34%
26%
40%

BC+
C
CD+
D
DF
80-82
77-79
73-76
70-72
67-69
63-66
60-62
59-below
Dr. Christi Sanders

Fall 2013
2.7
2.3
2.0
1.7
1.3
1.0
0.7
0.0
COURSE POLICIES:
Examinations
Two comprehensive exams will be administered at the middle and conclusion of this
course. They will be drawn from the material presented during the entire course.
Absence on any day of exam will be viewed UNFAVORABLY and in such circumstances
students should not assume that they would be permitted to take a late exam. Late
exams will be administered with the following guidelines:
A student who falls ill on the day of the exam is required to call or contact the
instructor that day to report the problem.
The student must present an appropriate document verifying the illness when
returning to class.
With the instructor's approval the exam will be scheduled at the instructor's
convenience within one week of the student's return to class.
An unexcused absence on a test date will result in a zero for that test.
Final Exam
During the Final Exam Week, a final exam will be administered in class at the time that
the university has established as printed in the class schedule. No final exam will be
given prior to Final Exam Week. Students with scheduling problems calling for more
than three (3) finals in one day may arrange with the professor (subject to the
professors approval) to take an exam at an alternate time. The arrangement must be
done the week prior to exam week. Consult the Final Exam Schedule published by the
Registrars office.
[The following statement affects only seniors graduating in the immediate
term. It does not affect a student graduating with an A.A. degree. Please
note the expression may in this text.] Graduating seniors with a grade of B or
higher within a course may be exempted from the last examination of the course if the
professor designates it as a comprehensive final exam. However, a graduating senior
with a grade of B or higher within a course, at the professors prerogative, may or may
not be exempted from a unit exam given during the Final Exam Week.
Assignments
All class assignments should be completed with due consideration for the professional
work expected of students at this university. APA Style Formatting will be used.
Work should be neat and well organized. Pages should be properly joined if sent in as a
hard copy. (Note: Prof Sanders expects all assignments to be electronically delivered to

Dr. Christi Sanders

Fall 2013
her unless specifically stated otherwise.) All assignments must have appropriate
headings and subheadings when required. All pages should be numbered as per APA
style formatting. An appropriate title page must be included (see sample at end of
syllabus). Standard one-inch margins on all sides shall be used and the font for the
text shall be TIMES NEW ROMAN 12 point. Students personal data shall be on the
cover page, but not on the succeeding pages (student name if included on individual
content pages is allowed if presented within the page number feature in a header or
footer and presented consistently).
Students should as a matter of course proofread their work prior to turning it in to the
instructor so that typographical, grammatical, and syntactical errors may be corrected.
Assignments should be turned in on time. **It is also advisable that students keep a
computer backup copy of work being turned in to safeguard against loss.
Weekly Assignments
Weekly Questions/Exercise/Case Assignments
The student will complete a short one/two page essay/answer for each of the
questions/exercises and cases assigned in the Course Schedule for the week
assigned. Identification of the question being answered must be clearly noted.
APA formatting should be used along with a cover page as the example at the
end of this syllabus.
Case Studies
The student will complete case studies according to the instructions released in
the syllabus. APA formatting must be used.
Course Group Project
The student will participate in and contribute to a group project & paper
according to the instructions released in the syllabus. APA formatting must be
used.
Attendance
Attendance is taken daily. Students are expected to attend all classes unless
matters beyond the control of the student prevent attending. Students are
expected to be on time and ready to participate. Students arriving more than
five minutes late may not be allowed to join the class and will be considered
absent.
Electronic Devices

Dr. Christi Sanders

Fall 2013
Inasmuch as electronic devices pose a serious risk to academic integrity, and

because mobile phones are disruptive to the learning environment, the
instructor reserves the right to control the use of all electronic devices in class
(phones, PDAs, calculators, etc.). If you have to leave a cell phone on, it must
be on mute and not disruptive to the class. Students are not permitted to use
mobile phones, PDAs or other devices for sending/receiving calls and/or text
messages during class. Under no circumstances will students turn on electronic
devices or keep them on during tests or quizzes. Students, who send/receive
text messages during an exam, engage in any kind of communications activity,
which threaten the integrity of the test environment, or photograph on
electronic devices test materials or other materials the instructor deems
inappropriate for copy are subject to failure in the course.
Late Work
A grace period on all late work is extended for the first two (2) weeks of the
course to accommodate adjustment to the course load and late arrival of text
books, etc. However, beginning the third (3 rd) week of the course, late work will
not be accepted.
SAGU ACADEMIC POLICIES
For specific academic policies pertaining to your courses please click on the SAGU
Academic Policies button inside Blackboard.
PROFESSOR CONTACT
The best way to contact me is via email. I will respond within 24 hours.
I will be available to you via:
o Email: csanders@sagu.edu
o Office/home/cell phone: 817-559-5620 (Leave a message if I dont
answer).
The best time to reach me by phone is: 8:00 AM 5:00 PM Monday through
Friday.
I will be checking the Discussion Tool posts daily and will respond as needed.
GROUP PROJECT GUIDELINES
Complete a written scholarly article on any specific topic as assigned (or selected from
the course textbook) and containing a definite thesis statement.
1 Length to be no less than fifteen (15) pages.
2 In APA Style format. See Web Links for an online guide to APA Style requirements.
http://owl.english.purdue.edu/owl/resource/560/01/

Dr. Christi Sanders

Fall 2013
Note where the above site uses Abstract, use Summary Statement for
this project.
3 Minimum of five (5) external references. Does not include the text for this
course. References must be current (within the last 5 years).
4 Title Page and Executive Summary count as one page each (2pgs).
5 Body of paper must be no less than 12 pages. (12pgs)
6 Reference page counts as one page. (1pg)
7 Charts, graphs, & tables should be attachment pages in the document and are
NOT part of 15-page minimum.
8 Topic, References, and Draft due as indicated on course outline.
9 Power Point/Prezi presentation must meet the requirements of the grading
rubric. No minimum number of slides will be assigned, but Power Point must
summarize the project.
Alternative Option: Students may create a 3-5 minute video
presentation to creatively summarize the topic of their paper.
10 Final Due as indicated on course outline, no late submissions accepted.
Content Requirements:
Title page
Executive Summary
Body
Purpose of the report
Background of the topic
Discussion of Current Issues
Related Biblical Principle/s (Maxwell Bible)
Recommendations for Managers
Reference page
*NOTE* Minimum work receives minimum passing grade. Outstanding work
receives an outstanding grade.
GROUP PROJECT GRADING RUBRIC
CRITERIA
Content
*clear,
concise,
complete,
correct,
correlated to
research, and
creative
Organization
and Logic
EXCELLENT
31-40 POINTS
Includes all
requirements, as
outlined in the
syllabus and
rubric. Meets all 6
Cs.*
GOOD
21-30 POINTS
Includes almost all
requirements
outlined in the
syllabus and
rubric. Meets
most all 6 Cs.*
AVERAGE
11-20 POINTS
Missing some
requirements as
outlined in the
syllabus. Meets
some of the 6 Cs.*
BELOW AVERAGE
0-10 POINTS
Substantially
incomplete per
requirements of
the syllabus and
rubric. Meets few
of the 6 Cs.*
31-40 Points
The content of
presentation
21-30 Points
The content of
presentation
11-20 Points
The content of
presentation fairly
followed the
0-10 Points
The content of
presentation did
not follow the

Use of
Graphics and
Creative
Talent
Text APA
Formatting
and
Mechanics
Outline
References
followed the
outline of the
assignment in the
syllabus.
21-30 Points
All graphics
attractive (size
and color) and
support the
content. Creative
talent very evident
with WOW factor.
21-30 Points
mostly followed
the assignment
outline in the
syllabus.
15-20 Points
All graphics
attractive (size
and color) and
support the
content. Creative
talent evident.
APA formatting is
perfect with no
errors.
APA formatting is
good overall, but
contains 3-5
errors.
15-20 Points
Dr. Christi Sanders

Fall 2013
assignment
outline in the
syllabus.
assignment outline
in the syllabus.
10-14 Points
Some graphics
are unattractive
(size and color)
and/or do not
support the
content.
0-9 Points
Several graphics
are unattractive
(size and color)
and/or do not
support the
content.
10-14 Points
APA formatting
contains 6-10
errors.
0-9 Points
APA formatting is
poor and contains
many errors.
21-30 Points
15-20 Points
10-14 Points
Outline is correctly
formatted,
displays topic
organization, and
shows clear
evidence of prewriting activities.
16-20 Points
Outline is correctly
formatted, and
displays topic
organization, and
shows come
evidence of prewriting activities.
11-15 Points
Outline is mostly
formatted correctly
and displays some
topic organization;
Pre-writing
activities are not
apparent.
A minimum of five
outside references
are used.
A minimum of four
outside references
are used.
A minimum of
three outside
references are
used.
Fewer than three

outside references
are used.
References are
current (within last
5 years)
References are
fairly current
(within last 7
years)
References are
somewhat current
(within last 10
years)
References are
old and outdated
(more than 10
years old)
References are
often used to
support original
thought
References are
typically used to
build the paper
and original
thought is thrown
in as supporting
information.
References used
to build the paper
without adding
considerable
original thought.
References are
used to support
original thought
Content is
exhaustive and
6-10 Points
0-9 Points
Outline is not
properly
formatted, and
does not indicate
a clear topic
organization
0-7 Points

Content is
complete and
contains
significant
references.
21-30 Points
Content
addresses most of
the issues and
contains some
references
12-20 Points
Content is brief,
incomplete and
entirely opinion
with no significant
references.
Slides are mostly

easy to read and
contain mostly
appropriate
information.
Slides are
somewhat easy to
read and contain
some appropriate
information
Slides are difficult

to read and do not
contain
appropriate
information
Presentation
provides a good
summary of
research contents
Presentation
provides a fair
summary of
research contents
Presentation does
not provide a
summary of
research contents
22-30 Points
15-21 Points
8-14 Points
0-7 Points
Team members
participate in all
group discussions
Team members
participate in most
group discussions
Team members
participate in
some group
discussions
Team members
submit assigned
tasks in a timely
manner
Team members
submit most
assigned tasks in
a timely manner
Team members
submit some
assigned tasks in
a timely manner
Team members
work to overcome
obstacles
Team members
work to overcome
most obstacles
Team members
work to overcome
some obstacles
Team members
submit peer
evaluations
Most team
members submit
peer evaluations
Some team
members submit
peer evaluations
contains
references for
every item
addressed.
31-40 Points
PowerPoint
Slides are easy to

read and contain
appropriate
information
Presentation
provides an
exceptional
summary of
research contents
Team Work
Dr. Christi Sanders

Fall 2013
TOTAL
0-11 Points
Team members do
not participate in
group discussions
Team members do
not submit
assigned tasks in
a timely manner
Team members do
not work to
overcome
obstacles
Team members do
not submit peer
evaluations.
260
Case Studies
You will purchase a Harvard case and complete an analysis of the case and answer the
questions provided by the instructor. Analyzing a case is more complex than just reading it. The
following guidelines will help you in your analysis.

Dr. Christi Sanders

Fall 2013
Read the case for an overall understanding then read it again for details.
Summarize the facts of the case. Be sure to include all the facts at this point.
Something you miss may prove to be important later. Watch for details and
information that hints at other facts. Try not to judge the value of the information
until you have a complete understanding.
Analyze the facts based upon your learning from this course. Now is the time to
judge the information. Think critically and question everything. Use what you
have learned to fill in the gaps but be careful about jumping to conclusions.
Support your assumptions with facts either from the case or from your knowledge
and previous learning.
Draw conclusions about the situation or problem. Conclusions must be supported

by the facts, knowledge and assumptions.
Think about how the situation could be improved. What should be done and by
whom? Develop an action plan that specifically describes the steps to be taken
and the outcomes you expect to occur. Consider both positive and negative
outcomes.
Answer all parts of the case questions. In response to the questions consider the
following as appropriate:
a)
b)
c)
d)
e)
f)
What are the main business problems?

What are the critical issues?
What is the most desirable outcome?
Who are the stakeholders, what is at stake for them?
What are the possible solutions to the problem?
What actions should be taken?
Note: Your analysis of these cases will vary in length depending on the case. However,
they generally will run approximately 5 pages in length. It is strongly recommended
that you begin early.

Dr. Christi Sanders

Fall 2013
GRADING RUBRIC FOR CASE STUDIES
CRITERIA
EXCELLENT
GOOD
AVERAGE
BELOW AVERAGE
15-20 POINTS
11-15 POINTS
6-10 POINTS
0-5 POINTS
Strong introduction of
topic, terms. Clearly
delineates subtopics to be
reviewed. Specific thesis
statement.
Conveys topic. Clearly

delineates subtopics to be
reviewed. General thesis
statement.
Topic is somewhat unclear.

Describes subtopics to be
reviewed. General thesis
statement.
Does not adequately

convey topic. Does not
describe subtopics to be
reviewed. Lacks adequate
thesis statement.
Requirements
All material clearly related

to subtopic, main topic.
Strong organization and
integration of material
within subtopics. Strong
transitions linking
subtopics and main topics.
All material clearly related

to subtopic, main topic,
and logically organized
within subtopics. Clear,
varied transitions linking
subtopics and main topic.
Most material clearly

related to subtopic, main
topic. Material may not be
organized within subtopics.
Attempts to provide variety
of transitions.
Little evidence material is

logically organized into
topic, subtopics, or related
to topic. Many transitions
are unclear or nonexistent.
CRITERIA
10-15 POINTS
9-11 POINTS
5-8 POINTS
Strong professional and/or

peer reviewed researchbased support for thesis to
include course textbook.
Sources well selected to

support thesis with some
research in support of
thesis.
Critical
Thinking
Strong review of key

conclusions. Strong
integration with thesis
statement. Insightful
discussion of impact of the
researched material on
topic.
Strong review of key

conclusions. Strong
integration with thesis
statement. Discusses
impact of researched
material on topic.
CRITERIA
10-15 POINTS
Mechanics
CRITERIA
APA FORMATTING
The paper is free of

grammatical, spelling, and
punctuation errors.
Scholarly style. Writing is
flowing and easy to follow.
Minimum length
requirements are met.
8-10 Points
No errors in APA
7-9 POINTS
Grammatical and/or
spelling and punctuation
errors are rare and do not
detract from the paper.
Scholarly style. Writing
has minimal awkward or
unclear passages.
Minimum length
requirements are slightly
lacking.
5-7 Points
1-5 APA errors
Sources generally
acceptable but not peerreviewed researched-based
and/or fewer than required
number of sources.
Review of key conclusions.
Some integration with
thesis statement. Discusses
impact of researched
material on topic.
Few sources supporting

thesis. Sources
insignificant of
unsubstantiated. Fewer
than required number of
sources.
Does not summarized
evidence with respect to
thesis statement. Does not
discuss the impact of
researched material on
topic.
4-6 POINTS
0-3 POINTS
Very few grammatical,

spelling, or punctuation
errors interfere with
reading the paper. More
informal tone than
scholarly. Writing has a
few awkward or unclear
passages. Minimum length
requirements are
significantly lacking.
Grammatical, spelling, and

punctuation errors
substantially detract from
the paper. Informal tone.
Writing is choppy with
many awkward or unclear
passages. Minimum length
requirements are
substantially lacking.
2-4 Points
0-2 Points
6-10 APA errors
TOTAL POINTS
10
0-5 POINT
11+ APA errors
60

Dr. Christi Sanders
Fall 2013
First
day
of
the
semester:
Sept.
Session
Lecture Reading & Assessments
Assignments4, 2013
Last day Case/Group/
of the semester:Chapter
Dec. 11, 2013
Due Date
Session Start &
Reading Due Date
Sept 5
(T)
Sept 10
Sept 17
Sept 24
Oct 1
(T)
Oct 8
Assigned Textbook (19 Ed) Reading & Lecture Topic
Syllabus
Research Project
Questions
(@
midnight)
Syllabus, Course Outline
Chap 1
Limits, Alternatives, and Choices
Pg 20: 1-5
Chap 2
The Market System and the Circular Flow
Pg 44: (Odd Only)
Chap 3
Demand, Supply, and Market Equilibrium
Chap 4
Elasticity
Chap 5
Market Failures: Public Goods and Externalities
Pg 112: (Even Only)
Chap 6
Consumer Behavior
Pg 130: (Odd Only)
Chap 7
Businesses and the Costs of Production
Chap 8
Pure Competition in the Short Run
Chap 9
Pure Competition in the Long Run
Chap 10
Pure Monopoly
Pg 66: (Even Only)
Group Proj
Outline Due
Pg 90: (Odd Only)
Case Study #1
BarackAnalysis
Due
Pg 160: (Even Only)
Group Proj
Update #1
Pg 193: (Even Only)
Pg 178: (Odd Only)

Pg 213: (Odd Only)
Sept 15
Sept 22
Sept 29
Oct 6
Oct 13
Fall Break Oct 11-14 (Fri-Mon)

7
Oct 15
Oct 22
Oct 29
10
Nov 5
(T)
11
Nov 12
12
Nov 19
Chap 11
Chaps 1-11
Monopolistic Competition and Oligopoly
Pg 238: (Even Only)

Group Proj
Update #2
(References)
MIDTERM EXAM
Chap 12
The Demand for Resources
Pg 263: (Odd Only)
Chap 13
Wage Determination
Pg 284: (Even Only)
Chap 14
Rent, Interest, and Profit
Pg 310: (Odd Only)
Chap 15
Natural Resource and Energy Economics
Chap 16
Public Finance: Expenditures and Taxes
Chap 17
Asymmetric Information, Voting, and Public Choice
Chap 18
Antitrust Policy and Regulation
Chap 19
Agriculture: Economics and Policy
Group Proj
Update #3
Pg 333: (Even Only)
Case Study #2
Greek Analysis
Due
Group Proj
Update #3 (Draft)
Pg 371: (Even Only)
Pg 355: (Odd Only)

Pg 389: (Odd Only)
Pg 407: (Even Only)
Oct 20
Oct 27
Nov 3
Nov 10
Nov 17
Nov 24
Thanksgiving Break Nov 26-Dec 2 (Tues-Mon)

13
14
Dec 3
(T)
Dec 1114
Group Project Presentations/Evals

Chaps
1-19
In Class
FINAL EXAM
11
December
3&5

Dr. Christi Sanders

Fall 2013
MODEL COVER SHEET*

[*Student - Remove these top two lines prior to submission]
SOUTHWESTERN ASSEMBLIES OF GOD UNIVERSITY
Course Name
Course Code and Section Number
Instructor: [Name]
[Appropriate Assignment Title]
STUDENT DATA:
Name (use official name as it appears in eCAMS)
E-mail
Phone
Semester
Date
12

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Southwestern Assemblies of God University

School of Distance Education

Dr. Christi Sanders

Southwestern Assemblies of God University

Southwestern Assemblies of God University

Dr. Christi Sanders

Southwestern Assemblies of God University

Dr. Christi Sanders

Southwestern Assemblies of God University

Dr. Christi Sanders

Southwestern Assemblies of God University

Dr. Christi Sanders

Inasmuch as electronic devices pose a serious risk to academic integrity, and

Southwestern Assemblies of God University

Dr. Christi Sanders

Southwestern Assemblies of God University

Dr. Christi Sanders

Fewer than three

Southwestern Assemblies of God University

Slides are mostly

Slides are difficult

Slides are easy to

Dr. Christi Sanders

Southwestern Assemblies of God University

Dr. Christi Sanders

Draw conclusions about the situation or problem. Conclusions must be supported

What are the main business problems?

Southwestern Assemblies of God University

Dr. Christi Sanders

GRADING RUBRIC FOR CASE STUDIES

Conveys topic. Clearly

Topic is somewhat unclear.

Does not adequately

All material clearly related

All material clearly related

Most material clearly

Little evidence material is

Strong professional and/or

Sources well selected to

Strong review of key

Strong review of key

The paper is free of

Few sources supporting

Very few grammatical,

Grammatical, spelling, and

6-10 APA errors

11+ APA errors

Southwestern Assemblies of God University

Assigned Textbook (19 Ed) Reading & Lecture Topic

Syllabus, Course Outline

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Pg 44: (Odd Only)

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Pg 112: (Even Only)

Pg 130: (Odd Only)

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pg 66: (Even Only)

Pg 90: (Odd Only)