Apply to USF Now | Graduate Admissions | Events & Workshops | Giving to the Office of Graduate Studies

Graduate Course Proposal Form Submission Detail - ECO5060

Edit function not enabled for this course.


Current Status: Approved by SCNS - 2014-11-01
Campus: St Petersburg
Submission Type: New
Course Change Information (for course changes only):
Comments: Approved by USFSP. To USF Sys 8/14/14. To SCNS after 8/21. #5001 appd as 5060 Eff 11/1/14


  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    4797 2013-08-24
     
    Department College Budget Account Number
    Business Administration BP 140100
     
    Contact Person Phone Email
    Alison Watkins 7278734086 awatkins@usfsp.edu

  2. Course Information

    Prefix Number Full Title
    ECO 5060 MBA Essentials: Economics

    Is the course title variable? N
    Is a permit required for registration? Y
    Are the credit hours variable? N
    Is this course repeatable? Y
    If repeatable, how many times? 3

    Credit Hours Section Type Grading Option
    0 C - Class Lecture (Primarily) S - S/U Only
     
    Abbreviated Title (30 characters maximum)
    MBA Essentials: Economics
     
    Course Online? Percentage Online
    O - Online (100% online) 0

    Prerequisites

    Admission to Graduate School

    Corequisites

    Course Description

    A survey course designed to familiarize students with basic economics principles and how they apply to individuals, firms, and the overall economy. This course looks at both micro and micro aspects of the economy.


  3. Justification

    A. Please briefly explain why it is necessary and/or desirable to add this course.

    Replacing Selected Topics with Permanent number; already listed in program

    B. What is the need or demand for this course? (Indicate if this course is part of a required sequence in the major.) What other programs would this course service?

    This course is needed by all USFSP MBA students who do not have an academic background in business or whose undergraduate courses in economics were taken more than 7 years before entering the MBA program.

    This course serves no other program.

    C. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times?

    Yes, 3 or more times

    D. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.)

    Terminal Degree Only


  4. Other Course Information

    A. Objectives

    To have students understand fundamental economics principles and concepts, having the ability to identify and apply them in subsequent MBA coursework.

    B. Learning Outcomes

    At the end of this course students should be able to understand:

    1. The basic concepts of supply and demand.

    2. How prices are determined in different markets

    3. The basic principle of opportunity cost and relevant costing

    4. The concepts of marginal revenue and marginal cost

    5. How governmental policies affect the macro-economy

    C. Major Topics

    1. Supply and Demand

    2. Marginal Revenue and Marginal Cost

    3. Perfect competition and other models of industry

    4. How prices and profits are determined in different industrial models

    5. The impact of fiscal policy on the macro-economy

    6. The impact of monetary policy on the macro-economy

    D. Textbooks

    MyLab online course: Essentials of Economics. Students log into Canvas for the material.

    E. Course Readings, Online Resources, and Other Purchases

    F. Student Expectations/Requirements and Grading Policy

    Two assignments submitted online (65% of grade)

    One final exam online (35% of grade)

    In order to receive a passing grade (S=Satisfactory) the student must achieve an overall score of 80%.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams.

    Students with Disabilities:

    Please notify your instructor if you have a learning disability or require special assistance with this portion of Essentials. Confidential personal and learning assistance counseling are made available to students through the USFSP Division of Student Affairs. Contact R. Barry McDowell (mcdowell@stpt.usf.edu) for more information.

    G. Assignments, Exams and Tests

    1. MBA Essentials Assignment – Microeconomics

    a. Economics, Foundations and Models

    b. Tradeoffs, Comparative Advantage, and the Market System

    c. Where Prices Come From: The Interaction of Demand and Supply

    d. Market Efficiency and Market Failure

    e. Firms, the Stock Market, and Corporate Governance

    f. Consumer Choice and Elasticity

    g. Technology, Production, and Costs

    h. Firms in Perfectly Competitive Markets

    i. Monopoly and Antitrust Policy

    j. Monopolistic Competition and Oligopoly

    First Assignment Due Online After Completion of these modules

    2. MBA Essentials Assignment – Macroeconomics

    a. GDP: Measuring Total Production and Income

    b. Unemployment and Inflation

    c. Economic Growth, the Financial System, and Business Cycles

    d. Aggregate Demand and Aggregate Supply Analysis

    e. Money, Banks, and the Federal Reserve System

    f. Monetary Policy

    g. Fiscal Policy

    h. Comparative Advantage, International Trade, and Exchange Rates

    Second Assignment Due after Completion of These Modules

    3. MBA Essentials Final Exam

    - This covers all the topics above.

    H. Attendance Policy

    No first class attendance policy due to the nature of this course. Students can begin the class at any time. There are no scheduled exams. Students take the exams according to their own schedules. The schedule for the course is not part of the regular semester, so there are no religious conflicts. Students can alter when they take the online exams based on their own personal needs.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams. Thus, there will be no conflict with religious holidays as the date a student takes an exam, as well as when they can finish the course, is entirely at their own discretion.

    I. Policy on Make-up Work

    There is no set make-up policy. Students can begin the class at any time. There are no scheduled exams. Students take the exams according to their own schedules. The schedule for the course is not part of the regular semester, so no regularly scheduled exam is ever missed. Students can alter when they take the online exams based on their own personal needs.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams.

    See USF Policy on Academic Dishonesty and Disruption of Academic Process at www.ugs.usf.edu/catalogs/0304/adadap.htm

    Because of the University’s commitment to academic integrity, plagiarism or cheating on course work or on examinations will result in penalties that may include a grade of “unsatisfactory” for this portion of the Essentials Program. Any incident of academic dishonesty will be reported to the dean of the college. Definitions and punishment guidelines for Plagiarism, Cheating, and Student Disruption of the Academic Process may be found at the web address listed above.

    J. Program This Course Supports

    USFSP MBA Program


  5. Course Concurrence Information

    None



- if you have questions about any of these fields, please contact chinescobb@grad.usf.edu or joe@grad.usf.edu.