Economics and Equilibrium Price Questionnaire


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10/15/21, 5:01 PM
Syllabus for ECN 212: Microeconomic Principles (2021 Fall – B)
Course Syllabus
Jump to Today
Download the Syllabus
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Course Summary:
? Syllabus Quiz
? Say Hello to the Class
Fri Oct 15, 2021
due by 11:59pm
due by 11:59pm
? W. P. Carey Honor Code
Acknowledgement – Requires
due by 11:59pm
Sun Oct 17, 2021
Wed Oct 20, 2021
? Homework (Ch 01)
? Homework (Ch 02)
due by 11:59pm
due by 11:59pm
10/15/21, 5:01 PM
Syllabus for ECN 212: Microeconomic Principles (2021 Fall – B)
? Homework (Ch 03)
Sun Oct 24, 2021
Wed Oct 27, 2021
? Homework (Ch 04)
? Homework (Ch 05)
due by 11:59pm
due by 11:59pm
due by 11:59pm
? Midterm Exam 1 – Requires
Sun Oct 31, 2021
due by 11:59pm
Wed Nov 3, 2021
Sun Nov 7, 2021
? Homework (Ch 06)
? Homework (Ch 07)
? Homework (Ch 10)
due by 11:59pm
due by 11:59pm
due by 11:59pm
Wed Nov 10, 2021
? Homework (Ch 11)
due by 11:59pm
? Midterm Exam 2 – Requires
Sun Nov 14, 2021
due by 11:59pm
Wed Nov 17, 2021
Sun Nov 21, 2021
? Homework (Ch 13)
? Homework (Ch 14)
? Homework (Ch 15)
due by 11:59pm
due by 11:59pm
due by 11:59pm
Wed Nov 24, 2021
? Homework (Ch 21)
due by 11:59pm
10/15/21, 5:01 PM
Syllabus for ECN 212: Microeconomic Principles (2021 Fall – B)
? Midterm Exam 3 – Requires
Sun Nov 28, 2021
due by 11:59pm
? Final Exam – Requires
Fri Dec 3, 2021
due by 11:59pm
ECN 212 Microeconomic Principles
2021 Fall B SLN: 82461
Professor: Andrei Kovrijnykh
Class: Online, 13 Oct – 3 Dec
To contact me for an appointment:
Course Description and Educational Objectives
ECN 212 – Microeconomic Principles is an introductory level course geared towards
understanding how people make decisions and how they interact. It will introduce the concepts
of trade-offs, opportunity cost, incentives, marginal analysis, interdependence, markets, and the
important role of prices in resource allocation. It will also investigate the role of three main
economic agents: consumers, firms, and government. While this course will not turn you into
economists, it will allow you to become better informed about the direct implications of economic
policies and, quite possibly, make better decisions yourself.
Expectations of the Student
In order to be successful as a college student and especially in this online course, you must
take ownership of the learning process. Each student is responsible for:
Navigating the online course and following the syllabus
Reading, watching and taking notes on all of the course materials available
Knowing and meeting all scheduled course requirements (e.g. readings, supplemental
video content, discussions, homework, quizzes and exams)
Working with your classmates and instructor to master the material
Working tenaciously with technical support to resolve individual technical issues.
Each week you are expected to:
1. Read all Canvas Course Announcements and information within the Weekly Modules in
Canvas and follow the instructions within them.
2. Read and take notes on all assigned chapters/sections in the text
3. Watch and take notes on all supplemental video content associated with the assigned
readings in Canvas.
4. Ask questions, make mistakes and work together as a class through active
participation in the discussions with your classmates and instructor
5. Practice using ungraded material in MindTap and/or Canvas
6. Adhere to deadlines on all graded assessments and utilize built-in flexibility to
submit assignments before the scheduled due date and time.
7. Dedicate at least 18 hours per week preparing for and actively participating in the
course. Please see more information below about the minimum time commitment
associated with an accredited, three-credit-hour course.
W. P. Carey School of Business Learning Goals
The Undergraduate Program of the W. P. Carey School of Business has established the
following learning goals for its graduates:
1. Critical Thinking
2. Communication
3. Discipline Specific Knowledge
4. Ethical Awareness and Reasoning
5. Global Awareness
Items in bold have significant coverage in this course.
Detailed Criteria for Learning Goals
The Department of Economics has established the following criteria for the first three
undergraduate learning goals:
1. Critical Thinking
a. Identifies a question (or problem) and gathers relevant information to
analyze it
b. Draws inferences that are supported by the data/evidence and the analysis.
c. Synthesizes analysis and theory to draw conclusions or make recommendations
2. Communication
a. Constructs a logical argument based on economic principles and observed
b. Effectively communicates in oral form
c. Effectively communicates in written form
3. Discipline Specific Knowledge
a. Demonstrates knowledge of resource allocation mechanisms and their
implications for efficiency, distribution, employment, and growth
b. Demonstrates knowledge of the models, methods and statistical
techniques used by economists to study human behavior
c. Demonstrates knowledge of the effects of government policies on
efficiency, distribution, employment, price stability and growth
The items in bold have significant coverage in this course.
Academic Integrity and Ethical Behavior
The W. P. Carey School and your instructor take academic integrity very seriously. It is
expected that students will neither participate in, nor condone activities such as cheating or
plagiarism. You are expected to submit your own work on all individual homework assignments,
quizzes, and exams. I encourage you to work with your classmates on homework assignments,
but do not copy work or answers or have others complete work for you. Do not discuss quiz or
exam questions until after results have been released for the entire class. Failure to follow these
policies may result in zero points for both the receiver and provider (if involved). Also, the
instructor may take any other action described in the current academic dishonesty policy. By
submitting assignments, students are affirming that the contents are their original work. Sharing
work you do in this course with others, whether in the course with you or not, can tempt others
to violate this academic integrity policy and can result in that student’s failure in the course and
dismissal from his/her program.
Be aware that this course uses online proctoring to ensure academic integrity and provide a
fair and uniform testing environment for all students. Online proctoring tools use device
hardware (webcam & microphone) to record the student while they take a test in order to
simulate in-person testing conditions. The tools may also record the student’s computer screen
activity and physical room environment. Once testing is complete and the proctoring tool is
closed, it will no longer have access to the device or its hardware and will be unable to monitor
anything on the device or within the room.
Prior to the start of the exam, you will be required to conduct a room scan. If the scan does not
show your entire work environment, if you do not follow all of the instructions in the ASU Student
Guidelines for Online Exams and/or if you do not follow all additional requirements as outlined
by your instructor, below; you will be in violation of the exam instructions, and you may be in
violation of ASU’s Academic Integrity Policy.
Any suspected violations of academic integrity will be taken seriously, reported to the Assistant
Dean of Academic Affairs, and result in the following sanctions:
A minimum of zero on the assignment AND
A reduced grade in the course OR
A failure in the course OR
An XE which denotes failure due to academic dishonesty on the transcript OR
Removal from the W. P. Carey School of Business
Additional information on ASU’s academic integrity policy may be found at Academic Integrity |
Office of the University Provost
Required Course Materials
Textbook and MindTap
A link will be provided in the “Welcome and Start Here” module of our Canvas Course with a
direct link to MindTap (required) and an electronic version of our text (Principles of
Microeconomics, by N. Gregory Mankiw, Ninth Edition, Cengage Learning, 2021 – also
This link will provide you the lowest cost option to obtain these materials and ensure that you
will have access to the correct MindTap material. You are highly recommended to wait until
our Canvas Course becomes available to purchase these materials. Purchasing the book
from any other source does not guarantee that you will have the correct MindTap access code
nor does it guarantee that you will pay the lowest cost. The Arizona State University’s
Department of Economics is able to negotiate special pricing due to the large volume of
students taking this course each semester.
If you choose to purchase access to MindTap and the textbook through the ASU bookstore or
another source, please see the option below. Keep in mind most used or rental texts do not
include an active MindTap access code.
Online-only option (minimum requirement, comes with eText):
Mankiw, Gregory N. (2021). MindTap for Mankiw’s Principles of Microeconomics, 9th edition.
Boston: Cengage Learning. ISBN-13: 9780357133590
The textbook is very important for our course: it covers all of the material you are expected to
master. You are expected to read all assigned chapters/sections as the course
progresses—when only specific sections of the chapter are covered, those sections will be
clearly stated under each chapter’s overview in Canvas.
MindTap is what allows you to access the eText, your Homework Assignments, and other
valuable practice material (including Quick Quizzes, Concept-Clips, Chapter Quizzes, Graph
Builders, Video Lessons, Video Problem Walkthroughs, End-of-Chapter Questions, and
Adaptive Test Prep). If you prefer to purchase only MindTap, you will have access to an
electronic text. If you purchase a physical text, make sure the text includes a valid MindTap
access code. Note: Most used or rental texts do not include a valid access code.
The link to access, register for and/or purchase our class-specific MindTap course is
found within the “Welcome and Start Here” page under textbook information. Cengage
offers a discounted rate for ASU students. You can pay online using a credit card or enter a
previously obtained access code. There is a free-trial period available. After the free trial ends
you will be required to pay for access. At the end of the free-trial period, your course access will
be suspended until your payment has been made. All your scores and course activity will be
saved and will be available to you after you pay for access. To check whether your computer
meets the requirements for using MindTap, please visit Cengage’s System Requirements page.
The System Check is also accessible in the drop down box next to your name located in the
upper right corner of your MindTap page.
Technical Requirements
You will need a standard laptop or desktop computer with reliable internet access. A
mobile device, tablet (e.g., iPad) or netbook will not provide the access and functionality
necessary for ASU Online courses. In addition, the following are required:
1. Stable internet connection (wired Ethernet is recommended)
2. Functioning webcam and microphone
3. Browser and Extension: Google Chrome version 84 and higher with Honorlock
Chrome Extension are required
This course requires the use of the Honorlock online exam proctoring application(Chrome
browser and Honorlock extension required) along with your webcam and microphone to help
maintain academic integrity during exams – this is a free service. Please review the Honorlock
system requirements to ensure your system meets the minimum requirements. For more
information on the Honorlock system-check, how to download and install the Honorlock Chrome
Extension, and guidance on taking an exam with Honorlock; please refer to the ASU Experience
Center FAQs for taking a test with Honorlock. For official ASU requirements on taking a
proctored online exam, review the ASU Student Guidelines for Online Exams.
Note: It is considered a violation of academic integrity to utilize course materials which are
illegally sourced. Please ensure that you are ordering and paying for your own materials as
outlined in the ordering instructions.
Technical Support
All technical issues are to be addressed with the appropriate technical support team.
Instructors are unable to provide technical support, nor do they have the appropriate
expertise and resources to help you resolve technical issues. If you contact the instructor
about something not working in MindTap, Canvas, or Honorlock be prepared to be redirected to
the appropriate technical support team, which will only delay the troubleshooting process.
While working with support to resolve technical issues can sometimes be frustrating and/or
intimidating, it is the online student’s responsibility to resolve technical issues as quickly
as possible and with tenacity. Due to the compressed nature of online courses, losing
valuable time to technical issues can lead to poor performance in the course. Individual
technical issues are not accepted as a valid reason for non-completion of (nor
extensions on) any course requirement. You can always check the ASU system health
status, and there is a Twitter feed for real time information.
For assistance with Canvas, Zoom or Honorlock, contact the ASU Experience Center directly
at 1-855-278-5080 or click on the MyASU “Help” tab. 24/7 technical assistance is available.
For assistance with MindTap or the eText (e.g. eText fails to open or you receive an error
message when submitting an assessment), contact Cengage Support Services or call +1 (800)
354-9706 for 24/7 technical assistance. In all cases, you should always request a case/ticket
number for reference purposes.
Because many technical issues tend to arise during graded assessments, it is imperative
that you exhaust all options for contacting technical support in order to get timely
assistance. If you choose to open a case online without working tirelessly to speak directly with
someone at technical support, you risk the chance of not receiving a response until after an
assessment is due and earning zero credit on that assessment.
If you are unable to get your technical issue resolved after engaging with the appropriate
technical support team, post a detailed explanation of your technical issue with the
associated case/ticket number from technical support in the discussion. I will do my best
to identify class-wide trends and follow-up with unresolved technical issues, but this should be
your last resort! Once you have resolved a technical issue, please consider posting a
description of the problem and how you solved it in the discussion — Thank you!
Grading and Course Requirements
WPC Honor Code Acknowledgement
“Say hello to the class” discussion
Syllabus Quiz
13 MindTap Homework (40 pts each, lowest score dropped)
3 Midterm Exams + Final (160 pts each, lowest score dropped)
*Note there is a “Life Happens” contingency plan built into the grading (see detailed
information below).
Grading Scale
The following percentage grading scale will determine your letter grade for this course (numbers
will be rounded to the closest unit, e.g., 96.50% rounded to 97% and 83.49% rounded to 83%):
A+: 97% and above; A: 96 – 94%; A-: 93–90%; B+: 89–87%; B: 86–84%; B-: 83–80%; C+:
79–76%; C: 75–70%; D: 69– 60%, and E: 59% and below
To calculate your percentage grade, add all points accrued and divide this total by the total
number of points possible (1000).
I do not adjust exam scores. I do, however, reserve the right to adjust the final course scores
(upwards only). If done, this will be for everyone in the class. I decide this at the end of the
“Life Happens” Contingency Plan
I understand “life happens” and sometimes events out of your control may prevent you from
completing or submitting a homework assignment on time, or adequately preparing for or taking
an exam. As a result, your lowest exam score will be dropped and your two lowest
homework scores will be dropped. If you miss an exam or a homework assignment, those
can be counted as a dropped score. (Note: in the Canvas “Grades” view, a dropped assessment
will be greyed out and have an “x” next to it.)
In addition, all graded assignments, except exams, are available to be worked on from the
start of the course, and each exam window is open for 72 hours. Therefore, I suggest
completing your assignments early, rather than waiting until the final hours before they are due
(to deal with any unforeseen events).
Your grade will reflect both your performance on assignments and adherence to deadlines:
mastering the material in the course is why you are taking it and being able to meet deadlines is
critical to your success in your career and life. I strive to be fair and that includes having a firm
stance on due dates and times. I do not accept late work (homework or exams), nor do I
offer extra credit, nor do I grant individual extensions. Offering exceptions to this policy
on a case-by-case basis may be viewed as preferential treatment and unfair to the other
students in the class, so kindly refrain from asking (my answer will be no).
Detailed Course Requirements
Activities used for instruction and assessment of learning include:
Course Announcements (Canvas)
Chapter readings (MindTap) and supplemental video content (Canvas)
Ungraded practice material (MindTap and Canvas)
Graded homework assignments (MindTap)
Graded exams (Canvas)
Course Announcements
Course Announcements in Canvas are an official form of communication with the class,
and you are required to read them and follow the instructions within them. They are used
to provide guidance, instructions, general feedback and to remind you of deadlines. You should
set your notifications in Canvas to receive an email each time an announcement is sent. Some
multimedia content in announcements will not show up in the emailed version, so you are
required to read all Course Announcements in Canvas using a web browser!
Homework Assignments [13]
You will have 13 homework assignments meant to offer you critical-thinking exercises through
hands-on application. Each assignment will cover a chapter in our textbook. When only a
specific section of a chapter is covered, the homework will cover the material only in that
Each homework assignment is worth 40 points and will be completed in MindTap. All problems
will give you instant feedback, explanations, and the opportunity to try another version of the
problem. You will have up to three attempts on each question, and your score for each
question is the highest score of all attempts. You may track your scores in the Canvas
gradebook and/or the “Progress App”, accessed from MindTap’s App Dock.
Each homework assignment must be submitted before 11:59 PM Arizona Time (MST) on the
day it is due. Extensions are not granted, late submissions are not accepted, and it is your
responsibility to submit each homework before the deadline. Your two lowest homework scores
will be dropped, and if you miss an assignment, that will count as a dropped score.
You are strongly encouraged to practice on the Chapter Quizzes, End-of-Chapter
Questions and other ungraded MindTap practice material before attempting your graded
homework assignments.
Examinations [4]*
There will be 3 midterm exams and a comprehensive final exam (i.e., the final exam will
include all material from the course). The exams are designed to be challenging and require
problem solving skills. As such, you should not expect the exam questions to be the same as
the ones in your homework assignments. The exam questions require you to synthesize the
material from the readings, video content, practice material, and homework assignments. Your
lowest score out of the three Midterm Exams and the Final Exam will be dropped (i.e. only
3 out of the 4 exams count towards your grade). If you do not take an exam, you will earn a
zero on it, and it can count as a dropped score.
The midterm exams will consist of 32 multiple choice questions and, once you start, you will
have 1 hour to complete them. The final exam will consist of 40 multiple choice questions and,
once you start, you will have 1 hour and 15 minutes to complete it. Links to the exams will be
available in the weekly modules during each exam window (see Course Schedule in Canvas).
All exams are open for a total of 72 hours and must be submitted before 11:59 PM AZ Time
(MST) on the day they are due.
Please note that all exams will be automatically submitted at the deadline. If you start an
exam with less than the allotted time remaining before the exam must be submitted, you will not
get the full amount of time to work on the exam. For example, if you start an exam at 11:30pm
Arizona Time, you will only get 29 minutes to work it.
ATTENTION: On all exams, you will be presented with one question at a time. Once you have
submitted an answer, you will not be able to change it later. In addition, you will not be able to
go back and review any previous questions. This is an Economics Department requirement for
online ECN 212.
All exams are closed book and closed notes. The only items available for use during an exam
are a pen/pencil, calculator and 3 sheets of blank, unlined white paper (e.g. printer paper).
Each exam will be worth 160 points. Extensions are not granted, late submissions are not
accepted, and it is your responsibility to submit each exam by the scheduled deadline.
Honorlock will proctor your exams this semester. Honorlock is an online proctoring service.
You do not need to create an account or schedule an appointment in advance. Honorlock is
available 24/7, and all that is required is a computer, a working webcam/microphone, your ID,
and a stable internet connection.
To get started, review the “Using Honorlock” instructions in the left-side course navigation panel
in Canvas for detailed instructions. To take your exam, you will need to use Google Chrome and
download the Honorlock Chrome Extension.
When you are ready to complete your assessment, log into Canvas, go to your course, navigate
to the appropriate module and click on your exam. Download the Honorlock Chrome Extension
(if necessary), accept the “Data Collection and Use” terms, review the “Exam Guidelines,” and
click on “Launch Proctoring” to begin the authentication process and access your exam.
During the Honorlock authentication process, you will take a picture of yourself, show your ID,
complete a scan of your room and share your entire screen. Honorlock will be recording your
exam session through your webcam, microphone, and recording your screen (Note: you
are required to share your entire screen). Honorlock also has an integrity algorithm that
can detect search-engine use, so please do not attempt to search for answers, even if it’s
on a secondary device.
Honorlock support is available 24/7/365. If you encounter any issues, you may contact them
through live chat on the support page or within the exam itself. Please review Honorlock MSRs,
Student FAQ, and Honorlock Knowledge Base.
The Honorlock proctoring system records both the testing environment (audio and video) and
your desktop. As such, your head and torso must be clearly visible in the camera recording at all
times, and the testing environment should be well-lit. Any attempts to circumvent the Honorlock
recordings will be considered a violation of the W. P. Carey Honor Code and will result in a
grade of zero on the exam.
During exams, all mobile phones must be turned off and put away; no mobile phones,
tablet computers, or any kind of communication device may be used. The one instance in
which you can use a mobile phone (or landline phone) is if you need to call technical support
during the exam. The use of headphones, earbuds or anything that covers your head and/or
ears is also not allowed, to include: hats or hoods. Failure to conform to these policies will be
considered a violation of the W. P. Carey Honor Code and will result in a grade of zero on the
Because the exam window is open for 72 hours, no extensions beyond the exam window
will be granted for any reason. Late submissions are not accepted, and it is your
responsibility to submit each exam before the due date and time (see “Expectations of
the Student”, above). Due to these restrictions, I suggest attempting your exam early in the
exam window to account for any unforeseen issues that may arise. If you run into an issue early
in the exam window, we at least have some time to work through a solution, if possible. If you
run into an issue in the final 12 hours of an exam window, there may not be enough time to
resolve the issue before the exam is due.
Finally, you must follow the instructions in the ASU Student Guidelines for Online Exams.
Failure to follow any of the requirements outlined therein may invalidate your exam (i.e., you will
receive a grade of zero on the exam).
*Students with disabilities who need additional time or other exceptions must be registered with
the Disability Resource Center (DRC) and submit appropriate documentation from the DRC. For
more details, see “Special Needs and Accommodations” below.
Weekly Schedule of Assignments:
See “Course Schedule” under the “Syllabus” link in the left-side course navigation panel in
Drop and Add Dates/Withdrawals
If you wish to withdraw from the course, please see Drop/Add and Withdrawal for full details on
the types of withdrawals that are available and their procedures. You must consult with your
advisor to add, drop or withdraw from this course. Please know that instructors do not
have the ability to withdraw students from courses. Refer to the academic calendar for other
important dates, to include:
Drop/Add Deadline:
October 14, 2021
Course Withdrawal Deadline:
November 2, 2021
Complete Withdrawal Deadline:
December 3, 2021
Course Policies
Communication Policy: “3-before-me”
When you have a question, please remember to check the following three sources for an
answer before asking a question in Hallway Conversations (three sources before me)
1. Syllabus
2. Course Announcements
3. Hallway Conversations discussion
This policy will help you in potentially finding answers before I can get back to you, and it also
helps me in not answering similar questions or concerns multiple times. It also leverages the
collective knowledge of the entire class and aids in building a pool of course-related
material, creating a community atmosphere and fostering relationships with your
I try to respond to all personal messages (i.e., should not be shared with the class) that students
send, and you may expect a response within one business day (M-F, 7a-5p). This being said,
you may expect messages with questions to which the answers are already available in the
syllabus, schedule, or Canvas to be replied to by referring you back to the syllabus, schedule, or
Canvas, respectively. You should also expect messages with questions that are not of a
personal nature to be replied to with a request to ask it in the discussion, so everyone in the
class can benefit from the shared information. Lastly, know that I do not have the resources
nor expertise to provide technical assistance. If you need technical support, please
directly contact the ASU Experience Center or Cengage Support for assistance.
When posting a question, please be as specific as you can and include screenshots,
videos, documents and/or scans of written work that show how you are working through
specific problems from the text or assessments. Please combine multiple files into a single
file or document. There are many free scanning apps available which will allow you to scan
written work with a smartphone or tablet and combine multiple pages into a single file (the one I
use is CamScanner, but there are many other options).
Please see the “Online Communication & Netiquette” policy below for further details. You may
expect inappropriate posts and/or repeated questions to be removed from community
view.Online Communication & Netiquette
Appropriate online behavior, also known as Netiquette, includes keeping online communication
focused on the assigned topics. Students must maintain a cordial atmosphere and use tact in
expressing differences of opinion. The discussion and Zoom are a place for learning and
exchanging knowledge, not for venting, rudeness or making random comments. This YouTube
video contains an overview of Netiquette.
Please use proper English and respect grammar, punctuation, and capitalization (visit if you have doubts). Avoid using text abbreviations, acronyms,
and texting symbols; common emoticons are acceptable (e.g., smiley face).
Inappropriate posts also include those that violate ASU’s academic integrity policy (e.g.
involving plagiarism). Visit to learn
more about plagiarism. According to this source, the following are considered plagiarism: to
copy someone else’s words or ideas without giving credit and changing words but copying the
sentence structure of a source without giving credit. Copying or rewriting a fellow student’s
discussion post is considered plagiarism. Copying something from the internet is also
considered plagiarism.
In this course, any comment/post that violates these guidelines will be viewed as inappropriate
by the instructor and may result in a penalty of 10 points. Inappropriate posts will be removed
from public view by a moderator, and the student will be privately notified.
In this course, email is reserved for communications of a personal nature (i.e. should not be
shared with the class) or for scheduling a virtual office hours appointment outside of the
scheduled times. You should also expect messages with questions that are not of a personal
nature to be replied to with a request to post it in the discussion, so everyone in the class can
benefit from the shared information. If you send me an email, you must tell me the course and
section you are taking (this is very important as I teach multiple courses/sections). Your subject
line on the email should be:
ECN 212 (your course section line number, or SLN#, from MyASU): followed by a
succinct and specific description of your question, issue or comment
Failure to provide this information may result in a much delayed response or no response at all.
All ASU students have been provided Zoom Pro accounts that you can use for interacting with
your instruct