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Graduate Course Proposal Form Submission Detail - ECO5004

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Current Status: -
Campus: St Petersburg
Submission Type: New
Course Change Information (for course changes only):
Comments:


  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    4838 2013-10-24
     
    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 5004 MBA Essentials: Microeconomics

    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: Microeconomics
     
    Course Online? Percentage Online
    O - Online (100% online) 0

    Prerequisites

    Admission to Graduate School

    Corequisites

    Admission to Graduate School

    Course Description

    A course designed to familiarize students with basic microeconomics principles and how they apply to individuals and firms.


  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.)

    No other qualifications. Terminal degree only.


  4. Other Course Information

    A. Objectives

    Upon completion of this course, students will understand fundamental micro-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 the student should be able to:

    1. Understand the concepts of marginal revenue and marginal cost

    2. Comprehend how equilibrium price and output results from perfect competition.

    3. Understand how firms maximize profits in various industry models

    4. Comprehend the basics of the demand and supply of labor in different markets.

    5. Understand the concepts of opportunity cost and relevant costing.

    C. Major Topics

    1. Marginal revenue and marginal cost concepts for firms

    2. Perfectly competitive markets

    3. Profit maximization for firms in different markets and industries

    4. The firm and labor markets

    5. The concepts of opportunity cost and relevant costing

    D. Textbooks

    MyLab online course, titled, Essentials of Economics (contains all course material, including etext, assignments, and final exam).

    E. Course Readings, Online Resources, and Other Purchases

    MyLab online course, titled, Essentials of Economics (contains all course material, including etext, assignments, and final exam).

    F. Student Expectations/Requirements and Grading Policy

    There are two main components of this course: 1) two assignments, and 2) a final exam. Their contribution to the overall final grade is as follows:

    1. Two Assignments: 65 percent

    2. Final Exam: 35 percent

    Each student must minimally obtain a 70 percent overall percentage grade to pass the course. NOTE: In calculating the grade for the two assignments, the instructor will take the sum of points obtained on both assignments and divide by the total points possible.

    G. Assignments, Exams and Tests

    . 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

    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.

    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 Division of Student Affairs.

    Contact R. Barry McDowell (mcdowell@stpt.usf.edu) for more information

    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.

    Academic Dishonesty:

    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 Essentials. 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. This course supports the USFSP MBA program only.



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