Courses

ECONOHelper is grounded in Dr. Ray's Fall 2026 syllabi: OpenStax Principles of Economics 3e for in-person sections, and McConnell, Brue & Flynn, Economics 23rd ed. for hybrid and online sections.

OpenStax Principles of Economics 3e is free to read online or download: Get the free book from OpenStax

Late policy

All assignments must be finished and turned in to complete the course. Unless the instructor is notified BEFORE the assignment is due and provides an opportunity for the student to submit the assignment late, points may be deducted for a late submission.

Late assignments (assignments/exams) will be reduced by 3 percentage points for every one day they are late (your lowest possible grade: 65%).

Amnesty Coupons assist students in developing effective time-management skills and foster personal and academic success. Coupons have an expiration date. Students must take an exam or submit an assignment within 3 days of its original scheduled date.

If a student is unavailable on the day of a scheduled test, it is the student's responsibility to contact the instructor at least 3 days before the test date to arrange a time to complete the test beforehand. Tests not completed by the due date may be made up only with documentation of an emergency.

Attendance & participation policy

Class attendance is mandatory for face-to-face and hybrid classes. Attendance in the online portion of the course requires logging into the Learning Management System (Canvas) on a regular basis and participating in all activities posted in the course.

Course expectations

Here's what Dr. Ray expects from you throughout the semester:

Active participation: Engage in class discussions and activities, share your insights, and ask questions.
Time management: Stay on top of weekly deadlines by checking the Canvas calendar.
Critical thinking: Use economic models, different economic schools' perspectives, and theories to analyze real-world issues and think through economic challenges.
Creativity: You'll have opportunities to apply digital tools for certain assignments, so don't hesitate to explore creative solutions.

Frequently asked syllabus questions

Quick answers to common questions. Always confirm details in Canvas or ask Dr. Ray through the Canvas Inbox.

Course logistics & materials

Where can I find assignment due dates?

Check the Canvas Modules, Assignments, and Calendar.

Do I need to purchase a textbook?

OpenStax provides a free textbook. McGraw Hill Connect may be used for additional learning resources, depending on the section.

When and where are Dr. Ray's office hours?

Mondays 1:30–5:00 pm at E-120 (Massy Campus); Tuesdays 1:00–5:00 pm virtual (ASC Tutoring); Wednesdays 1:00–5:00 pm at E-120 (Massy Campus); Thursdays 1:00–4:00 pm online (Zoom, on demand).

How should I contact Dr. Ray about personal grades or attendance?

Send a message through the Canvas Inbox or email lray@irsc.edu. ECONOHelper has no access to student records or grades.

Assignments, projects & grading

How is my final grade calculated?

Review the grading categories, points, and rubrics in Canvas.

What do I need to complete for the final project?

Follow the final project instructions in Canvas, including the required analysis, format, and rubric.

Can I redo or resubmit an assignment for a higher grade?

Resubmissions depend on the specific assignment instructions and course policy. Most of Dr. Ray's homework and graph assignments can be resubmitted after revisions.

What is the penalty for turning in work late?

Late assignments are reduced by 3 percentage points for every day they are late (lowest possible grade: 65%). Notify Dr. Ray before the assignment is due.

What is an Amnesty Coupon, and how do I use one?

Each coupon waives the late penalty on one eligible assignment. Complete the work or exam within 3 days of the original date, and upload or email the coupon.

Can I use an Amnesty Coupon during the final two weeks of the semester?

No. Coupons expire at the start of the final two weeks. No late work or make-ups are accepted then without official documentation of medical or other serious circumstances and Dr. Ray's approval.

Exams, quizzes & technical issues

Are quizzes and exams open-book?

Follow the instructions for each assessment. Rules can differ between quizzes and proctored exams. Sometimes Honorlock is used.

How will exams be administered (in class, Canvas, or Honorlock)?

Delivery can vary by section and may change during the semester. Check Canvas announcements or confirm with Dr. Ray.

Can I make up a missed exam or quiz?

Make-up opportunities depend on the course policy and circumstances. Contact your instructor promptly.

What happens if I experience a technical problem?

Report the issue promptly, provide relevant documentation, and contact technical support when appropriate.

Expectations & course policies

Is attendance mandatory?

Review the attendance and participation expectations for your course format.

Can course schedules or assignment deadlines change?

Yes. Material, assignments, and deadlines may change with prior notice. Students are responsible for reviewing Canvas regularly and coordinating with classmates.

What are the main course expectations?

Active participation, time management, critical thinking with economic models and theories, and creativity with digital tools.

AI policies

Am I allowed to use generative AI (e.g., ChatGPT) on assignments?

You may use AI as a learning aid to clarify concepts, practice calculations, review graphs, and brainstorm, but it must not replace your independent analysis.

How do I disclose or cite AI tools I used?

Add a brief AI Use Note at the end stating the tool, date, how you used it, and how you verified your analysis. If no AI was used, write: "No generative AI tools were used."

Can I use AI during quizzes or exams?

No. AI is strictly prohibited on all exams and quizzes, in class or online. Unauthorized use is subject to the Student Code of Conduct (Policy 5200) and Academic Dishonesty Policy (5110).

AI use & academic integrity

Students must use AI as a learning aid, not a shortcut, ensuring their work demonstrates mastery of economic concepts.

AI detection tools may be used in this course, but results will be reviewed holistically before determining if a violation has occurred.

Unauthorized AI use will be treated as plagiarism or academic dishonesty, subject to Indian River State College’s Student Code of Conduct (Policy 5200) and Academic Dishonesty Policy (5110). This may result in grade penalties, course failure, or disciplinary action.

Instructor-specific AI policies

While AI can be a valuable tool for learning, it must not replace your independent thought, analysis, or problem-solving skills. Your work must demonstrate your understanding and critical thinking. AI is a tool to augment your critical thinking, not to replace it. Effective use of AI should enhance your ability to analyze economic concepts, interpret data, and develop well-reasoned arguments, rather than merely generating answers without meaningful engagement.

AI usage policies may vary by instructor and course. Students are responsible for reviewing and adhering to course-specific AI guidelines. If you are unsure whether AI is permitted for a particular assignment, ask your instructor before submitting your work.

AI use examples

Students may use AI for guidance, brainstorming, or checking answers, but must critically evaluate AI-generated responses and indicate how AI was used. Any direct AI contributions should be properly cited. AI-generated explanations must be supplemented with students’ own analysis to demonstrate an understanding of economic concepts.

Case Studies & Research Projects: AI tools may assist in data analysis, generating ideas, or drafting content. Still, students must ensure that final submissions reflect their independent understanding of economic models, theories, and real-world applications. Excessive reliance on AI or failure to acknowledge AI use constitutes academic dishonesty. AI should not be used to generate full reports or analyses without meaningful student input.

Economic Graphs & Models: AI tools may assist in creating or formatting graphs, tables, and economic models, but students must provide their own interpretations and justifications. The ability to apply and explain economic concepts is crucial in this course.

Exams & Assessments: AI use is not allowed during any exam, in class or online. Unless explicitly stated otherwise, AI use is strictly prohibited on all quizzes and in-class assessments. These evaluations measure individual comprehension without external assistance.

AI Use and Transparency

You may use approved generative AI tools to clarify economic concepts, practice calculations, review graphs, and improve writing.

If you use AI, include a brief AI Use Note at the end of your assignment identifying:

The AI tool used and date.
How did you use the tool?
How did you verify the information or independently complete your analysis?

Example: “I used ChatGPT (OpenAI, October 2026) to better understand price elasticity of demand and review my calculations. I verified the formulas using OpenStax. The final analysis is my own.”

If you did not use AI, simply write: “No generative AI tools were used.”

AI tools should not replace your independent economic reasoning, critical thinking, or evaluation of evidence.

Citing AI and disclosing your use

If you use AI, say so. Cite any AI-generated wording you keep, and add a short statement of how you used it. Use the citation style your assignment requires (APA is common in economics) — ask Dr. Ray if you are not sure.

Citation examples (APA)

ChatGPT

OpenAI. (2026). ChatGPT [Large language model]. https://chatgpt.com

In text: (OpenAI, 2026)

Gemini

Google DeepMind. (2026). Gemini [Large language model]. https://gemini.google.com

In text: (Google DeepMind, 2026)

Claude

Anthropic. (2026). Claude [Large language model]. https://claude.ai

In text: (Anthropic, 2026)

If your reader cannot open the conversation, cite it in the text only: (ChatGPT, personal communication, October 25, 2026). Name the model and the date you prompted if your instructor asks.

AI-use statement examples — copy and adapt

“AI use: I used ChatGPT (OpenAI, 2026) on Oct. 20 to brainstorm arguments about the spending multiplier and to check my formula setup. I wrote the analysis myself and verified every calculation.”
“AI use: Claude (Anthropic, 2026) helped me rephrase my explanation of opportunity cost in the second paragraph. I checked the wording against our textbook and the final analysis is my own.”
“AI use: I asked Gemini (Google DeepMind, 2026) to help format my AD–AS graph. The labels, interpretation, and justification are mine.”
“AI use: none. All work is my own.”

What not to submit

A vague “I used AI a little” with no tool, date, or purpose.
AI wording kept in your paper without a citation.
AI output pasted as your own analysis, or a statement that does not match what you actually did.
An assignment finished with AI that is turned in without the AI Use Note.
Any AI use during an exam, quiz, or in-class assessment.

ECO 2013

Principles of Macroeconomics

National income, economic growth, business cycles, unemployment, inflation, the aggregate expenditure and AD–AS models, fiscal policy, deficits and debt, money, banking, and monetary policy. Module 8 on international trade is supplemental.

Course learning outcomes

Recognize that all decisions happen in an environment of scarcity.
Examine how changes in aggregate measurements relate to economic performance.
Recognize the relationships between the components of the national income accounts.
Analyze theory and evidence on fiscal and monetary policy.
Identify and examine theories of long-term economic growth.

Texts

In-person section 101: OpenStax, Principles of Economics 3e (free)
Online sections: McConnell, Brue & Flynn, Economics, 23rd ed. (one book for ECO 2013 and ECO 2023)

Fall 2026 sections

101 · In person · MW 9:30–10:45 AM · Massey Campus R-248 · CRN 10551
V03 · Online · CRN 10572
V06 · Online · CRN 10575
V07 · Online · CRN 12155

Aug 19 – Dec 9, 2026

Assignments by week

Week numbers are approximate. Confirm exact dates and assignment details in Canvas or ask Dr. Ray through the Inbox in Canvas.

In-person section 101 schedule (OpenStax chapters)

Approx. week 1–2 · Ch. 1–2 Welcome to Economics!; Choice in a World of Scarcity
Case Study 1 (Country X), Homework 1, Discussion 1 (Circular Flow), Exam 1
Approx. week 2–3 · Ch. 19 The Macroeconomic Perspective
Case Study 2 (Lassaland), Homework 2, Discussion 2 (Biggest Economic Problem), Exam 2
Approx. week 4–6 · Ch. 20–22 Economic Growth; Unemployment; Inflation
Case Study 3, Homework 3, Project 2 (News Articles), Exam 3
Approx. week 7–9 · Ch. 24–26 AD–AS; Keynesian and Neoclassical Perspectives
Case Study 4 (AE Model), Homework 4, Project 3 (Source Analysis), Discussion 3 (Peer Critique), Exam 4, PLO Critical Thinking
Approx. week 10–12 · Ch. 30–31 Government Budgets and Fiscal Policy; Impacts of Government Borrowing
Case Study 5 (Keynes vs. Hayek), Homework 5, Discussion 4 (U.S. Debt), First Draft, Exam 5
Approx. week 13–14 · Ch. 27–28 Money and Banking; Monetary Policy and Bank Regulation
Case Study 6 (Taylor Rule), Homework 6, Exam 6
Approx. week 15 · Review
Final Research Project (Monetary Policy), Final Study Guide
Approx. week 16 · Comprehensive: Ch. 1–2, 19–22, 24–28, 30–31
Final Exam

Online section schedule (McConnell chapters)

Approx. week 1–2 · Module 1: Introduction
Ch. 1 Limits, Alternatives, and Choices; Ch. 2 The Market System and the Circular Flow
Practice Quiz 1, Study Guide 1, Homework 1, Discussion 1 (Circular Flow), Exam 1
Approx. week 3–4 · Module 2: Domestic Output and National Income
Ch. 26 An Introduction to Macroeconomics; Ch. 27 Measuring Domestic Output and National Income
Practice Quiz 2, Study Guide 2, Homework 2, Project 1 (Biggest Economic Problem), Exam 2
Approx. week 5–6 · Module 3: Economic Growth, Unemployment, and Inflation
Ch. 28 Economic Growth; Ch. 29 Business Cycles, Unemployment, and Inflation
Practice Quiz 3, Study Guide 3, Homework 3, Project 2 (News Articles), Exam 3
Approx. week 7–8 · Module 4: Aggregate Expenditures (AE) Model
Ch. 31 The Aggregate Expenditures Model
Practice Quiz 4, Study Guide 4, Homework 4, Project 3 (Source Analysis), Exam 4
Approx. week 9–10 · Module 5: Aggregate Demand and Aggregate Supply
Ch. 32 Aggregate Demand and Aggregate Supply
Practice Quiz 5, Study Guide 5, Homework 5, Project 4 (Peer Critique), Exam 5
Approx. week 11–12 · Module 6: Fiscal Policy
Ch. 33 Fiscal Policy, Deficits, and Debt
Practice Quiz 6, Study Guide 6, Homework 6, Discussion 4 (U.S. Debt), Final Project draft, Exam 6
Approx. week 13–14 · Module 7: Money, Banking, and Monetary Policy
Ch. 34 Money, the Federal Reserve, and Interest Rates; Ch. 35 Monetary Policy
Practice Quiz 7, Study Guide 7, Homework 7, Final Research Project, Exam 7
Approx. week 15 · Final Exam
Comprehensive: Ch. 1–2, 26–35
Final Exam (Honorlock)
Approx. week 16 · Extra Credit (optional)
Ch. 39 International Trade
Homework 8 (International Economics)

What you'll do in each assignment — In-person section 101 (from Dr. Ray's syllabus)

Approx. week 1 · Case Study #1: The Economic Decisions of Country X (Case Study)
Analyze the scenario (team or individual) and apply core macro concepts using evidence-based reasoning. Submit a concise report with data, graphs, or course terms where appropriate.
Approx. week 1 · Homework 1 Assignment (Homework)
Complete the problem set to practice foundational concepts and models; show work clearly and explain reasoning for short-answer items.
Approx. week 1 · Discussion 1: Circular Flow Model (Discussion)
Explain the circular flow model and connect it to a real-world example of household–business–government interactions; reply to classmates using economic vocabulary.
Approx. week 2 · Exam 1: OpenStax Ch. 1–2 (Welcome to Economics!; Choice in a World of Scarcity) (Exam)
Exam on opportunity cost, scarcity, and how the market system coordinates decisions through the circular flow framework; includes short applications and simple model interpretation.
Approx. week 2 · Extra Credit #1 (Optional)
Optional opportunity to reinforce early-term skills; directions and point value will be provided in Canvas when it opens.
Approx. week 2 · Case Study #2: Lassaland A Macroeconomic Mystery (Case Study)
Interpret macro indicators and explain what is happening in a hypothetical country, Lassaland, using correct definitions; connect evidence to conclusions and include at least one recommendation.
Approx. week 2 · Homework 2 Assignment (Homework)
Practice GDP and national income accounting; show calculations and provide brief explanations for key steps.
Approx. week 3 · Discussion 2: What Is the Biggest Economic Problem? (Discussion)
Choose a current issue and argue why it is most important using data/credible sources; reply to classmates by comparing priorities and evaluating evidence.
Approx. week 3 · Exam 2: OpenStax Ch. 19 (The Macroeconomic Perspective) (Exam)
Exam on computing and interpreting GDP and national income measures, including measurement limits; includes calculations and short applied scenarios.
Approx. week 4 · Extra Credit #2 (Optional)
Optional GDP-related practice for additional points; instructions will be posted in Canvas.
Approx. week 4 · Case Study #3: Economic Fluctuations in Lassaland (Case Study)
Diagnose a hypothetical country, Lassaland’s short-run conditions using growth, unemployment, and inflation indicators; explain what’s changing, why it matters, and what policies could help.
Approx. week 5 · Homework 3 Assignment (Homework)
Practice problems on long-run growth, labor markets, and inflation measurement; show key calculation steps and use correct terminology.
Approx. week 5 · Project Assignment 2: News Articles Assignment (Project)
Find and analyze recent news that connects directly to macro concepts; summarize the issue and explain which models/indicators help interpret it.
Approx. week 6 · Exam 3: OpenStax Ch. 20–22 (Economic Growth; Unemployment; Inflation) (Exam)
Exam on growth, unemployment, and inflation measurement, relationships, and impacts, using concepts, graphs, and short scenario analysis.
Approx. week 6 · Extra Credit #3 (Optional)
Optional practice to reinforce growth/unemployment/inflation skills; details will be provided in Canvas.
Approx. week 7 · Case Study #4: Exploring the AE Model in Economica (Case Study)
Build and analyze an AE model and explain how equilibrium output responds to spending shocks; include a clear diagram and interpretation.
Approx. week 7 · Homework 4 Assignment (Homework)
Complete AE and AD–AS problem-solving practice, including equilibrium changes from shocks or policy actions; include graphs and brief explanations where requested.
Approx. week 8 · Project Assignment 3: Source Analysis Assignment (Project)
Evaluate a provided/approved source for reliability, bias, and usefulness; summarize claims and explain how they align/conflict with course concepts.
Approx. week 8 · Discussion 3: Peer Critique of Introductory Paragraph (Discussion)
Post your intro paragraph for peer review and provide constructive feedback using the rubric; revise based on feedback to improve clarity and economic focus.
Approx. week 9 · Exam 4: OpenStax Ch. 24–26 (The Aggregate Demand/Aggregate Supply Model; The Keynesian Perspective; The Neoclassical Perspective) (Exam)
Exam on AE, AD–AS analysis, and stabilization perspectives; includes graphs, equilibrium analysis, and short policy applications.
Approx. week 9 · PLO Critical Thinking Multiple-Choice Assignment (Program Assessment)
Critical-thinking multiple-choice assessment using macro content; questions emphasize interpreting evidence and choosing the best-supported conclusion.
Approx. week 10 · Extra Credit #4 (Optional)
Optional additional practice on AE and AD–AS skills; instructions will be posted in Canvas.
Approx. week 10 · Case Study #5: The Fiscal Responsibility Debate: Keynes vs. Hayek (Case Study)
Compare Keynesian and classical viewpoints on fiscal policy using evidence and logic; state and justify a position using macro reasoning.
Approx. week 11 · Homework 5 Assignment (Homework)
Practice fiscal policy tools, multipliers, and budget outcomes; show calculations and explain policy logic in short answers.
Approx. week 11 · Discussion 4: The US Debt Crisis: What Will Happen? (Discussion)
Discuss debt/deficits using credible data and macro reasoning, including consequences and trade-offs; reply by questioning assumptions and comparing policy options.
Approx. week 12 · First Draft Assignment: Fiscal Policy, Leadership, and Economic Strategy (Draft)
Submit a first draft, developing your fiscal-policy argument with a clear thesis, correct concepts, and organized evidence, to receive feedback before final work.
Approx. week 12 · Exam 5: OpenStax Ch. 30–31 (Government Budgets and Fiscal Policy; The Impacts of Government Borrowing) (Exam)
Exam on government budgets, fiscal policy, and impacts of borrowing; includes applied questions and simple calculations/interpretation.
Approx. week 13 · Extra Credit #5 (Optional)
Optional points opportunity to reinforce fiscal policy and debt concepts; details will be posted on Canvas.
Approx. week 13 · Case Study #6: Economia’s Monetary Waters: Applying the Taylor Rule (Case Study)
Apply the Taylor Rule to a hypothetical policy scenario and justify a recommended interest rate; explain the logic and likely macro effects.
Approx. week 14 · Homework 6 Assignment (Homework)
Practice problems on money, banking, and monetary policy tools, including how interest rates affect the economy; show work and explain relationships.
Approx. week 14 · Exam 6: OpenStax Ch. 27–28 (Money and Banking; Monetary Policy and Bank Regulation) (Exam)
Exam on the financial system, money creation, and tools/goals of monetary policy, including policy-scenario interpretation.
Approx. week 15 · Final Research Project: Monetary Policy, Central Banking, and Economic Stability (Project)
Develop a research-based analysis of a monetary policy/central banking topic using credible sources and course models; submit the final product and present key findings.
Approx. week 15 · Extra Credit #6 (Optional) Review for the Final Exam / Final Study Guide
Optional end-of-term opportunity to earn additional points; instructions will be posted in Canvas.

Full instructions and rubrics are in Canvas.

What you'll do in each assignment — Online sections (V03, V06, V07) (from Dr. Ray's syllabus)

Approx. week 1 · Practice Quiz 1 (Practice Quiz)
Take a low-stakes practice quiz on Chapters 1–2 to check understanding and identify what to review before graded work.
Approx. week 1 · Study Guide 1 (Study Guide)
Complete a guided review of key terms, graphs, and takeaways from Chapters 1–2 to organize your notes and prepare for Exam 1.
Approx. week 1 · Homework 1 (Homework)
Apply core concepts from Chapters 1–2 to short problems and real-world examples; submit in Canvas for instructor feedback.
Approx. week 2 · Discussion 1: Circular Flow Model (Discussion)
Create an original post explaining the circular flow model and how households, firms, and markets interact, then reply to classmates with content-based feedback.
Approx. week 2 · Exam 1 (Exam)
Complete the exam covering scarcity, opportunity cost, and the market system/circular flow; expect concepts and applied items.
Approx. week 3 · Practice Quiz 2 (Practice Quiz)
Take a low-stakes practice quiz to prepare for GDP and growth measurement; use results to target review.
Approx. week 3 · Study Guide 2 (Study Guide)
Complete a structured review of definitions, formulas, and measurement issues from Chapters 26–27 as a checklist for Exam 2.
Approx. week 4 · Homework 2 (Homework)
Apply Chapters 26–27 concepts to GDP measurement and national income accounting; submit in Canvas for instructor feedback.
Approx. week 4 · Project Assignment 1 (Discussion 2): What Is the Biggest Economic Problem? (Discussion/Project)
Post a short, evidence-based argument about today’s biggest economic problem and why; respond to classmates by comparing evidence and reasoning.
Approx. week 4 · Exam 2 (Exam)
Exam on foundational macro concepts and measuring domestic output/national income, including real vs. nominal and measurement limits.
Approx. week 5 · Practice Quiz 3 (Practice Quiz)
Take a low-stakes practice quiz for long-run growth and business cycles; use it to pinpoint what needs review.
Approx. week 5 · Study Guide 3 (Study Guide)
Complete a guided review of drivers of long-run growth and basics of output fluctuations to organize the study for Exam 3.
Approx. week 6 · Homework 3 (Homework)
Apply Chapters 28–29 concepts to growth, unemployment, and inflation topics; submit in Canvas for instructor feedback.
Approx. week 6 · Project Assignment 2: News Articles Assignment (Project)
Find and summarize approved news articles related to macro performance and connect each to course concepts using correct terminology and brief analysis.
Approx. week 6 · Exam 3 (Exam)
Exam on growth, business cycles, unemployment, and inflation with concept and applied questions grounded in current conditions.
Approx. week 7 · Practice Quiz 4 (Practice Quiz)
Take a low-stakes practice quiz to check readiness for AE and AD–AS models; use it to choose which graphs/relationships to review.
Approx. week 7 · Study Guide 4 (Study Guide)
Complete a guided review of model-building steps and key relationships in Chapters 30–31 to prepare for Exam 4.
Approx. week 8 · Homework 4 (Homework)
Complete a graded assignment emphasizing macro model reasoning and step-by-step analysis; submit in Canvas for instructor feedback.
Approx. week 8 · Project Assignment 3: Source Analysis Assignment (Project)
Evaluate an assigned economic source for credibility, data quality, and relevance; summarize what it implies for the economy or policy while separating evidence from opinion.
Approx. week 8 · Exam 4 (Exam)
Exam on basic macro relationships and the aggregate expenditures model, including shifts, equilibrium output, and the multiplier conceptually and computationally.
Approx. week 9 · Practice Quiz 5 (Practice Quiz)
Take a low-stakes practice quiz reviewing the AD–AS model and policy connections; use it to find weak areas before Exam 5.
Approx. week 9 · Study Guide 5 (Study Guide)
Complete a guided review of aggregate demand and aggregate supply, and what shifts each curve to improve graph interpretation.
Approx. week 10 · Homework 5 (Homework)
Apply the AD–AS model to real scenarios, including economic shocks and policy responses; submit in Canvas for instructor feedback.
Approx. week 10 · Project Assignment 4 (Discussion 3): Peer Critique of Introductory Paragraph (Discussion/Project)
Post your project introduction for peer review and provide constructive feedback to classmates, focusing on thesis clarity and the evidence plan.
Approx. week 10 · Exam 5 (Exam)
Exam on using the AD–AS model to explain changes in output, employment, and the price level, with graph-based and policy applications.
Approx. week 11 · Practice Quiz 6 (Practice Quiz)
Take a low-stakes practice quiz to prepare for fiscal policy, deficits, and debt; use it to identify concepts to revisit.
Approx. week 11 · Study Guide 6 (Study Guide)
Complete a guided review of fiscal policy tools, stabilizers, and deficit/debt debates to prepare for Exam 6.
Approx. week 12 · Homework 6 (Homework)
Apply fiscal policy concepts to real U.S. budget and debt discussions; submit in Canvas for instructor feedback.
Approx. week 12 · Discussion 4: The U.S. Debt Crisis: What Will Happen? (Discussion)
Post an evidence-based discussion of risks and tradeoffs related to U.S. debt and deficits; reply to classmates by engaging with their data and policy logic.
Approx. week 12 · Final Research Project: Essay Draft (Draft Submission)
Submit a draft of your final research essay to receive instructor feedback before the final submission; include a clear claim and supporting evidence.
Approx. week 12 · Exam 6 (Exam)
Exam on fiscal policy, deficits, debt, and built-in stabilizers with applied questions connecting policy to output, employment, and inflation.
Approx. week 13 · Practice Quiz 7 (Practice Quiz)
Take a low-stakes practice quiz on money, the Fed, interest rates, and monetary policy to prepare for Exam 7 and the final.
Approx. week 13 · Study Guide 7 (Study Guide)
Complete a guided review of the monetary system, Fed tools, interest rates, and policy transmission to prepare for Exam 7 and the final.
Approx. week 14 · Homework 7 (Homework)
Apply monetary policy concepts and interest rate reasoning to real-world scenarios; submit in Canvas for instructor feedback.
Approx. week 14 · Final Research Project: Essay (Final Submission)
Submit your revised final research essay using evidence and correct citations, incorporating feedback from the draft and peer critique.
Approx. week 14 · Exam 7 (Exam)
Exam on money, the Federal Reserve, interest rates, and monetary policy with concept and scenario-based applications.
Approx. week 15 · Final Exam (Exam, Comprehensive in Honorlock)
Complete the comprehensive final exam covering the full set of course chapters; expect concepts, graph interpretation, and applied decision-making.
Approx. week 16 · Extra Credit (Optional)
Optional extra credit opportunities may be offered to support learning; details, deadlines, and points will be posted in Canvas when available.
Approx. week 16 · Extra Credit: Homework 8 (International Economics) (Extra Credit Homework)
Optional homework on international trade concepts such as comparative advantage, trade barriers, and trade balances for additional practice and extra-credit points.

Full instructions and rubrics are in Canvas.

Deadlines are in Canvas and may have changed. Always confirm dates and full instructions in Canvas or ask Dr. Ray through the Inbox in Canvas.

Exams may be given in class, online in Canvas, or online with Honorlock, and the method can change during the semester. Always check Dr. Ray's Canvas announcements and confirm with her how each exam will be administered — especially for face-to-face and hybrid sections.

Amnesty coupons for late work

Which assignments qualify? Coupons can cover a quiz, project, homework, test, or other assignment. They cannot be used during the final two weeks. Before you use a coupon, confirm that the assignment qualifies by asking Dr. Ray through the Inbox in Canvas or by email (lray@irsc.edu). Only Dr. Ray decides whether a coupon applies.

Each amnesty coupon waives the late penalty for one eligible assignment (quiz, project, homework, or other).
Email Dr. Ray (lray@irsc.edu) with the coupon copied in, naming the due date of the test or assignment you plan to use it for.
You must take the exam or submit the homework within 3 days of the scheduled date.
Upload the coupon with the assignment when possible; for discussion boards, the email notice is enough.
Once Dr. Ray confirms, the late penalty is removed and the assignment is graded as usual.
No late submissions or make-up exams will be accepted during the last two weeks of the semester; coupons expire at the start of that two-week period.
Exceptions require official documentation verifying medical or other serious circumstances and Dr. Ray's approval — ask her through the Inbox in Canvas. Approval is not automatic.

Study ECO 2013 with the AI

ECO 2023

Principles of Microeconomics

Supply and demand, elasticity, market structures, price determination, factors of production, income distribution, and the effects of monopoly and oligopoly on markets.

Course learning outcomes

Apply global, social and cultural perspectives to analyze human behavior.
Define basic microeconomic variables.
Analyze supply and demand in everyday activities.
Compare the decision-making of consumers and firms.
Contrast and evaluate the features of different market structures.

Texts

In-person section 101: OpenStax, Principles of Economics 3e (free)
Hybrid 103 & online sections: McConnell, Brue & Flynn, Economics, 23rd ed. (one book for ECO 2013 and ECO 2023)

Fall 2026 sections

101 · In person · MW 11:00 AM–12:15 PM · Massey Campus R-248 · CRN 10581
103 · Hybrid · M 5:30–6:45 PM · Massey Campus R-248 · CRN 10735
V03 · Online · CRN 10739

Aug 19 – Dec 9, 2026

Assignments by week

Week numbers are approximate. Confirm exact dates and assignment details in Canvas or ask Dr. Ray through the Inbox in Canvas.

In-person section 101 schedule (OpenStax chapters)

Approx. week 1–3 · Ch. 1–2 Welcome to Economics!; Choice in a World of Scarcity
Price Submission discussion, Case Study 1 (Grill & Chill), Ch. 1–2 Quizzes, Open-Ended Quiz, Consumer Surplus
Approx. week 4–5 · Ch. 12, 13, 16 Externalities, Public Goods, Information
Case Study 2 (Water Scarcity, Sicily), Ch. 4–5 Quizzes, Exam 1
Approx. week 6–8 · Ch. 3 Demand and Supply; Ch. 5 Elasticity
Egg Prices Discussion, Case Study 3 (Sweet Treats Bakery), Quizzes, Exam 2
Approx. week 8–10 · Ch. 7 Production and Costs; Ch. 8 Perfect Competition
Case Study 4 (AgroFresh Farm), Quizzes, Open-Ended Quiz
Approx. week 11–13 · Ch. 9 Monopoly; Ch. 10 Monopolistic Competition and Oligopoly; Ch. 11 Antitrust
Case Study 5 (SoftTech Monopoly), Quizzes, PLO Submission, Exam 3
Approx. week 14 · Ch. 6 Consumer Choices + financial literacy readings
Behavioral Discussion, Crossword/Kahoot, financial literacy quizzes
Approx. week 15 · Comprehensive: Ch. 1–3, 5–13, 16
Microeconomics Applied Project + Presentation, Final Exam
Approx. week 16 · —
Extra credit (optional)

Hybrid section 103 schedule (McConnell chapters)

Approx. week 1 · Ch. 1–2 Limits, Alternatives, and Choices; The Market System and the Circular Flow
Price Submission discussion, Case Study 1 (Grill & Chill)
Approx. week 2 · Ch. 1–2
Chapter 1 Quiz, Chapter 2 Quiz
Approx. week 3 · Ch. 1–2 review
Open-Ended Quiz, Calculating Consumer Surplus (2 parts)
Approx. week 4 · Ch. 4 Market Failures; Ch. 5 Public Goods, Public Choice, and Government Failure
Case Study 2 (Water Scarcity, Sicily), Chapter 4 Quiz
Approx. week 5 · Ch. 1–2, 4–5
Chapter 5 Quiz, Exam 1
Approx. week 6 · Ch. 3 Demand, Supply, and Market Equilibrium; Ch. 6 Elasticity
Egg Prices Discussion, Case Study 3 (Sweet Treats Bakery)
Approx. week 7 · Ch. 3, 6
Chapter 3 Quiz, Chapter 6 Quiz
Approx. week 8 · Ch. 3, 6; then Ch. 9–10
Exam 2, Case Study 4 (AgroFresh Farm)
Approx. week 9 · Ch. 9 Costs of Production; Ch. 10 Pure Competition
Chapter 9 Quiz, Chapter 10 Quiz
Approx. week 10 · Ch. 9–10; Ch. 11 Pure Monopoly; Ch. 21 Antitrust
Open-Ended Quiz, Case Study 5 (SoftTech Monopoly)
Approx. week 11 · Ch. 11 Pure Monopoly; Ch. 12 Monopolistic Competition
Chapter 11 Quiz, Chapter 12 Quiz
Approx. week 12 · Ch. 13 Oligopoly and Strategic Behavior
Chapter 13 Quiz, PLO Submission
Approx. week 13 · Ch. 11–13, 21; Ch. 8 Behavioral Economics
Exam 3, Traditional vs. Behavioral Discussion, Crossword or Kahoot
Approx. week 14 · Financial literacy readings (Canvas)
7 Steps Budgeting, Four Cornerstones, Interest Rates and Loans, Homeownership, Taxes and Retirement quizzes
Approx. week 15 · Comprehensive: Ch. 1–3, 6, 9–13
Microeconomics Applied Project + Presentation, Final Exam
Approx. week 16 · —
Extra credit (optional)

Online section schedule (McConnell chapters)

Approx. week 1–3 · Module 1: Introduction
Ch. 1 Limits, Alternatives, and Choices; Ch. 2 The Market System and the Circular Flow
PPF Graphs Assignment, Module 1 Quizzes, Circular Flow Internet Search
Approx. week 4–6 · Module 2: Government Role in the Economy
Ch. 4 Market Failures; Ch. 5 Public Goods and Cost Benefit Analysis
Calculating Consumer Surplus, Module 2 Quizzes, Exam 1
Approx. week 7–10 · Module 3: Demand, Supply, and Elasticity
Ch. 3 Demand, Supply, and Market Equilibrium; Ch. 6 Elasticity
Supply & Demand Graphs, Module 3 Quizzes, Disney Elasticity, Egg Prices Discussion, Exam 2
Approx. week 11–14 · Module 4: Costs, Pure Competition & Monopolistic Competition
Ch. 9 Costs of Production; Ch. 10 Pure Competition; Ch. 11 Pure Monopoly; Ch. 12 Monopolistic Competition; Ch. 13 Oligopoly; Ch. 21 Antitrust
Cost Curve, Pure Competition, Monopolistic Competition and Monopoly graph assignments, Oligopoly Kinked Demand assessment, Module 4 Quizzes, Exam 3
Approx. week 15 · Module 5: Financial Literacy
Ch. 8 Behavioral Economics + Canvas readings
Behavioral Economics Discussion, Ch. 8 Quiz, financial literacy quizzes, Crossword
Approx. week 16 · Final Exam
Comprehensive: Ch. 1–3, 6, 9–13
Final Exam Study Guide (extra credit), Final Exam (Honorlock)

What you'll do in each assignment — In-person section 101 (from Dr. Ray's syllabus)

Approx. week 1 · Discussion Board: Price Submission (Step 1) (Discussion)
Post your initial price choice to launch our first in-class/interactive market activity. This short post sets up the scenario we will analyze together.
Approx. week 1 · Case Study #1: Grill & Chill (Case Study)
Work through a real-world micro scenario and apply core economic reasoning (trade-offs/opportunity costs and model interpretation). Submit your analysis in Canvas for feedback.
Approx. week 2 · Chapter 1 Quiz (Quiz)
Complete a quiz on scarcity, opportunity cost, and marginal thinking. Expect concept questions and short applications.
Approx. week 2 · Chapter 2 Quiz (Quiz)
Complete a quiz on how markets coordinate decisions and how the circular flow connects households, businesses, and markets.
Approx. week 3 · Open-Ended Quiz (Quiz)
Write short responses explaining key ideas in your own words and applying them to a brief scenario. Grading emphasizes clarity and correct economic logic.
Approx. week 3 · Assignment: Calculating Consumer Surplus (2 parts) (Assignment)
Calculate consumer surplus using a demand schedule/curve, show your work, and interpret what it means for buyers and market outcomes.
Approx. week 4 · Case Study #2: Water Scarcity in Agrigento, Sicily (Case Study)
Analyze a real-world scarcity problem and connect it to incentives, trade-offs, and policy tools. Support your conclusions with evidence-based reasoning.
Approx. week 4 · Chapter 4 Quiz (Quiz)
Quiz on externalities, asymmetric information, and why these issues can create inefficient outcomes.
Approx. week 5 · Chapter 5 Quiz (Quiz)
Quiz on public goods, public choice, and government failure, emphasizing why solutions can be difficult in practice.
Approx. week 5 · Exam 1 (Exam)
Exam covering foundational micro concepts, market systems/circular flow, and market failures/public goods topics. Expect concepts, graphs, and short applications.
Approx. week 6 · Egg Prices Discussion (Discussion)
Post an original analysis of egg prices using supply/demand and elasticity logic, then reply to classmates by engaging their reasoning and evidence.
Approx. week 6 · Case Study #3: Sweet Treats Bakery (Case Study)
Apply supply-and-demand tools and elasticity to a pricing/business scenario. Include sound graph interpretation and clear economic justification.
Approx. week 7 · Chapter 3 Quiz (Quiz)
Quiz on market equilibrium and how shifts vs. movements along curves affect price and quantity.
Approx. week 7 · Chapter 6 Quiz (Quiz)
Quiz on elasticity and why responsiveness matters for revenue, taxes, and consumer behavior.
Approx. week 8 · Exam 2 (Exam)
The exam focused on supply/demand equilibrium and elasticity applications. Expect graph interpretation and scenario-based reasoning.
Approx. week 8 · Case Study #4: Cost Structures for AgroFresh Farm (Case Study)
Analyze costs for a competitive farm and connect the story to cost concepts and production decisions. Demonstrate clear interpretation of cost structures and decision logic.
Approx. week 9 · Chapter 9 Quiz (Quiz)
Quiz covering cost concepts (fixed/variable, marginal, average) and how firms use them in decision-making.
Approx. week 9 · Chapter 10 Quiz Pure Competition in the Short Run and the Long Run (Quiz)
Quiz on how perfectly competitive firms choose output in the short run and in the long run and how profits/losses are determined.
Approx. week 10 · Open-Ended Quiz (Quiz)
Explain cost/competition concepts in your own words and apply them to a brief scenario. Grading emphasizes clear communication and correct economic logic.
Approx. week 11 · Case Study #5: The Monopoly of SoftTech Inc. in the Age of AI (Case Study)
Analyze monopoly power, pricing/output incentives, and regulation using an AI-era business scenario. Connect your analysis to core graphs/logic and discuss policy responses.
Approx. week 11 · Chapter 11 Quiz (Quiz)
Quiz on monopoly behavior, profit-maximizing output/price, and how monopoly differs from competition.
Approx. week 12 · Chapter 12 Quiz (Quiz)
Quiz on monopolistic competition and how product differentiation affects demand, pricing, and profits.
Approx. week 12 · Chapter 13 Quiz (Quiz)
Quiz on oligopoly, interdependence, and strategic behavior among firms.
Approx. week 13 · PLO Submission (Program Assessment)
Submit the required Program Learning Outcome (PLO) artifact as instructed in Canvas. This should reflect your best work and careful attention to directions.
Approx. week 13 · Exam 3 (Exam)
Exam covering market structures (monopoly, monopolistic competition, oligopoly) and regulation/antitrust. Expect concepts, graphs, and applied policy questions.
Approx. week 14 · Traditional vs. Behavioral Discussion (Discussion)
Compare how traditional and behavioral economics explain decision-making using everyday examples. Reply to classmates by extending analysis with evidence or course concepts.
Approx. week 14 · Behavioral Economics Activity: Crossword or Kahoot (Activity/Assessment)
Complete either the crossword or Kahoot to practice core behavioral economics vocabulary and ideas as a quick review before the final.
Approx. week 14 · 7 Steps Budgeting Workbook Quiz (Quiz)
Answer scenario-style questions based on the budgeting workbook reading, focusing on practical steps and trade-offs.
Approx. week 14 · Four Cornerstones of Financial Literacy Quiz (Quiz)
Apply ideas from the Four Cornerstones reading to everyday financial choices; questions emphasize application over memorization.
Approx. week 14 · Interest Rates and Loans Quiz (Quiz)
Analyze how interest rates affect borrowing costs and repayment decisions through applied questions.
Approx. week 14 · Homeownership and Real Estate Investing Quiz (Quiz)
Evaluate homeownership and real estate investing decisions, emphasizing costs, benefits, and risk considerations.
Approx. week 14 · Managing Tax Burdens and Planning for Retirement Quiz (Quiz)
Apply tax and retirement readiness concepts to decision-based scenarios and practical planning choices.
Approx. week 15 · Microeconomics Applied Project (Project + Presentation)
Complete an applied microeconomics project connecting course tools to a real market, policy, or business decision, then deliver a brief in-class presentation or digital visualization.
Approx. week 15 · Final Exam (Exam, Comprehensive)
Comprehensive final covering Chapters 1–3, 6, and 9–13 with concepts, graphs, and applied decision-making. Be prepared to interpret models and explain reasoning.
Approx. week 16 · Extra Credit Opportunities (Optional)
Extra credit opportunities may be offered during the term to support learning and reward engagement; details will be posted in Canvas when available.

Full instructions and rubrics are in Canvas.

What you'll do in each assignment — Hybrid section 103 (from Dr. Ray's syllabus)

Approx. week 1 · Discussion Board: Price Submission (Step 1) (Discussion)
Post your initial price choice to launch our first in-class/interactive market activity. This short post sets up the scenario we will analyze together.
Approx. week 1 · Case Study #1: Grill & Chill (Case Study)
Work through a real-world micro scenario and apply core economic reasoning (trade-offs/opportunity costs and model interpretation). Opportunity for collaborative teamwork. Submit your analysis in Canvas for feedback.
Approx. week 2 · Chapter 1 Quiz (Quiz)
Complete a quiz on scarcity, opportunity cost, and marginal thinking. Expect concept questions and short applications.
Approx. week 2 · Chapter 2 Quiz (Quiz)
Complete a quiz on how markets coordinate decisions and how the circular flow connects households, businesses, and markets.
Approx. week 3 · Open-Ended Quiz (Quiz)
Write short responses explaining key ideas in your own words and applying them to a brief scenario. Grading emphasizes clarity and correct economic logic.
Approx. week 3 · Assignment: Calculating Consumer Surplus (2 parts) (Assignment)
Calculate consumer surplus using a demand schedule/curve, show your work, and interpret what it means for buyers and market outcomes.
Approx. week 4 · Case Study #2: Water Scarcity in Agrigento, Sicily (Case Study)
Analyze a real-world scarcity problem and connect it to incentives, trade-offs, and policy tools. Support your conclusions with evidence-based reasoning. Opportunity for collaborative teamwork.
Approx. week 4 · Chapter 4 Quiz (Quiz)
Quiz on externalities, asymmetric information, and why these issues can create inefficient outcomes.
Approx. week 5 · Chapter 5 Quiz (Quiz)
Quiz on public goods, public choice, and government failure, emphasizing why solutions can be difficult in practice.
Approx. week 5 · Exam 1 (Exam)
Exam covering foundational micro concepts, market systems/circular flow, and market failures/public goods topics. Expect concepts, graphs, and short applications.
Approx. week 6 · Egg Prices Discussion (Discussion)
Post an original analysis of egg prices using supply/demand and elasticity logic, then reply to classmates by engaging their reasoning and evidence.
Approx. week 6 · Case Study #3: Sweet Treats Bakery (Case Study)
Apply supply-and-demand tools and elasticity to a pricing/business scenario. Include sound graph interpretation and clear economic justification. Opportunity for collaborative teamwork.
Approx. week 7 · Chapter 3 Quiz (Quiz)
Quiz on market equilibrium and how shifts vs. movements along curves affect price and quantity.
Approx. week 7 · Chapter 6 Quiz (Quiz)
Quiz on elasticity and why responsiveness matters for revenue, taxes, and consumer behavior.
Approx. week 8 · Exam 2 (Exam)
Exam focused on supply/demand equilibrium and elasticity applications. Expect graph interpretation and scenario-based reasoning.
Approx. week 8 · Case Study #4: Cost Structures for AgroFresh Farm (Case Study)
Analyze costs for a competitive farm and connect the story to cost concepts and production decisions. Demonstrate clear interpretation of cost structures and decision logic. Opportunity for collaborative teamwork.
Approx. week 9 · Chapter 9 Quiz (Quiz)
Quiz covering cost concepts (fixed/variable, marginal, average) and how firms use them in decision-making.
Approx. week 9 · Chapter 10 Quiz Pure Competition (Quiz)
Quiz on how perfectly competitive firms choose output in the short run / long run and how profits/losses are determined.
Approx. week 10 · Open-Ended Quiz (Quiz)
Explain cost/competition concepts in your own words and apply them to a brief scenario. Grading emphasizes clear communication and correct economic logic.
Approx. week 10 · Case Study #5: The Monopoly of SoftTech Inc. in the Age of AI (Case Study)
Analyze monopoly power, pricing/output incentives, and regulation using an AI-era business scenario. Connect your analysis to core graphs/logic and discuss policy responses. Opportunity for collaborative teamwork.
Approx. week 11 · Chapter 11 Quiz (Quiz)
Quiz on monopoly behavior, profit-maximizing output/price, and how monopoly differs from competition.
Approx. week 11 · Chapter 12 Quiz (Quiz)
Quiz on monopolistic competition and how product differentiation affects demand, pricing, and profits.
Approx. week 12 · Chapter 13 Quiz (Quiz)
Quiz on oligopoly, interdependence, and strategic behavior among firms.
Approx. week 12 · PLO Submission (Program Assessment)
Submit the required Program Learning Outcome (PLO) artifact as instructed in Canvas. This should reflect your best work and careful attention to directions.
Approx. week 13 · Exam 3 (Exam)
Exam covering market structures (monopoly, monopolistic competition, oligopoly) and regulation/antitrust. Expect concepts, graphs, and applied policy questions.
Approx. week 13 · Traditional vs. Behavioral Discussion (Discussion)
Compare how traditional and behavioral economics explain decision-making using everyday examples. Reply to classmates by extending analysis with evidence or course concepts.
Approx. week 13 · Behavioral Economics Activity: Crossword or Kahoot (Activity/Assessment)
Complete either the crossword or Kahoot to practice core behavioral economics vocabulary and ideas as a quick review before the final.
Approx. week 14 · 7 Steps Budgeting Workbook Quiz (Quiz)
Answer scenario-style questions based on the budgeting workbook reading, focusing on practical steps and trade-offs.
Approx. week 14 · Four Cornerstones of Financial Literacy Quiz (Quiz)
Apply ideas from the Four Cornerstones reading to everyday financial choices; questions emphasize application over memorization.
Approx. week 14 · Interest Rates and Loans Quiz (Quiz)
Analyze how interest rates affect borrowing costs and repayment decisions through applied questions.
Approx. week 14 · Homeownership and Real Estate Investing Quiz (Quiz)
Evaluate homeownership and real estate investing decisions, emphasizing costs, benefits, and risk considerations.
Approx. week 14 · Managing Tax Burdens and Planning for Retirement Quiz (Quiz)
Apply tax and retirement readiness concepts to decision-based scenarios and practical planning choices.
Approx. week 15 · Microeconomics Applied Project (Project + Presentation and/or Digital Visualization)
Complete an applied microeconomics project connecting course tools to a real market, policy, or business decision, then deliver a brief in-class presentation and/or digital visualization project. Opportunity for collaborative teamwork.
Approx. week 15 · Final Exam (Exam, Comprehensive)
Comprehensive final covering Chapters 1–3, 6, and 9–13 with concepts, graphs, and applied decision-making. Be prepared to interpret models and explain reasoning.
Approx. week 16 · Extra Credit Opportunities (Optional)
Extra credit opportunities may be offered during the term to support learning and reward engagement; details will be posted in Canvas when available.

Full instructions and rubrics are in Canvas.

What you'll do in each assignment — Online section (V03) (from Dr. Ray's syllabus)

Approx. week 1 · PPF Graphs Assignment (Assignment)
Draw and label multiple PPF graphs to show scarcity, trade-offs, opportunity cost, efficiency/inefficiency, and economic growth; add a brief explanation for each graph.
Approx. week 2 · Module 1 Quizzes (Quiz)
Complete quizzes on core concepts from Chapters 1–2, including the PPF and circular flow model, with key terms, reasoning, and basic graph interpretation.
Approx. week 3 · Circular Flow Model Internet Search Assignment (Assignment)
Find a credible circular flow model online, cite the source, and explain how it represents households, businesses, and markets, including additional elements such as government and financial institutions.
Approx. week 4 · Calculating Consumer Surplus (Assignment, 2 parts)
Part I: Post the price you’d be willing to pay for a specific TV. Part II: After the actual price is announced, calculate your consumer surplus and submit your work with a demand curve using classmates’ prices plus a plain-language interpretation.
Approx. week 5 · Module 2 Quizzes (Quiz)
Take quizzes on externalities, asymmetric information, public goods/public choice, and government failure using short applications and concept questions.
Approx. week 6 · Exam 1 (Exam)
Complete an exam covering Chapters 1–2 and 4–5 with a mix of concepts, graphs, and applied scenarios.
Approx. week 7 · Supply and Demand Graph Assignment (Assignment)
Create and label supply and demand graphs, identify equilibrium, and show changes using shifts versus movements along curves; include a brief interpretation of what changed and why.
Approx. week 8 · Module 3 Quizzes (Quiz)
Complete quizzes emphasizing graph reading and elasticity reasoning using scenario-based questions and equilibrium interpretation.
Approx. week 9 · Disney Elasticity Assignment (Assignment)
Analyze a Disney-themed pricing scenario using elasticity concepts; explain whether demand is elastic or inelastic and predict the impact of a price change on total revenue.
Approx. week 9 · Egg Prices Discussion (Discussion)
Use the egg-price context to explain demand/supply shifts and how elasticity affects price and quantity; respond to classmates with economically grounded feedback.
Approx. week 10 · Exam 2 (Exam)
Complete an exam covering Chapters 3 and 6, including graphs, short scenarios, and elasticity applications.
Approx. week 11 · Cost Curve Graphs Assignment (Assignment)
Draw and label key short-run cost curves and explain what each implies for firm decision-making, focusing on correct shapes/labels and straightforward interpretation.
Approx. week 12 · Module 4 Quizzes (Quiz)
Take quizzes comparing market structures and regulation/antitrust, emphasizing graphs and applied concepts.
Approx. week 12 · Pure Competition Graphs Assignment (Assignment)
Submit graphs for pure competition and explain price-taking behavior, output decisions, and profit outcomes; connect visuals to the competitive model.
Approx. week 13 · Monopolistic Competition Graphs Assignment (Assignment)
Locate or create graphs illustrating monopolistic competition (product differentiation and demand) and explain how outcomes differ from pure competition and monopoly.
Approx. week 13 · Oligopoly Kinked Demand Curve Assessment (PLO Assessment)
Explain oligopoly pricing behavior using the kinked demand curve and strategic reasoning, including likely rival responses and implications for price rigidity.
Approx. week 13 · Regulated vs. Non-Regulated Monopoly Graphs Assignment (Assignment)
Compare monopoly outcomes with and without regulation using graphs; explain changes in price, output, and welfare, and connect to antitrust and regulation tools.
Approx. week 14 · Exam 3 (Exam)
An exam covering market structure analysis, cost/revenue graphs, and the application of regulation and antitrust.
Approx. week 15 · Traditional vs. Behavioral Economics Discussion (Discussion)
Compare how conventional and behavioral economics explain decision-making; apply concepts to real choices and support claims with course ideas.
Approx. week 15 · Chapter 8 Quiz (Quiz)
Quiz on how real-world choices sometimes deviate from purely rational decisions, with concepts, examples, and short applications.
Approx. week 15 · 7 Steps Budgeting Workbook Quiz (Quiz)
Apply budgeting skills using short scenarios focused on trade-offs and planning.
Approx. week 15 · Four Cornerstones of Financial Literacy Quiz (Quiz)
Answer questions based on the Four Cornerstones reading and apply ideas to everyday financial decisions.
Approx. week 15 · Interest Rates and Loans Quiz (Quiz)
Solve applied questions showing how interest rates affect borrowing decisions and total repayment costs.
Approx. week 15 · Homeownership and Real Estate Investing Quiz (Quiz)
Evaluate costs, benefits, and risks in homeownership/real estate investing decisions.
Approx. week 15 · Managing Tax Burdens and Planning for Retirement Quiz (Quiz)
Answer applied questions about taxes and retirement planning with an emphasis on long-run trade-offs.
Approx. week 15 · Behavioral Economics Crossword Puzzle (Activity/Assessment)
Complete a crossword, reinforcing key behavioral economics vocabulary and definitions used in discussions and exams.
Approx. week 16 · Final Exam Study Guide (Extra Credit)
Submit a complete study guide organizing notes, key terms, and practice problems; extra credit may be awarded at the instructor’s discretion.
Approx. week 16 · Final Exam (Exam, Comprehensive in Honorlock)
Comprehensive final covering Chapters 1–3, 6, and 9–13; expect core concepts, graph interpretation, and applied market scenarios.

Full instructions and rubrics are in Canvas.

Deadlines are in Canvas and may have changed. Always confirm dates and full instructions in Canvas or ask Dr. Ray through the Inbox in Canvas.

Amnesty coupons for late work

Each amnesty coupon waives the late penalty for one eligible assignment (quiz, project, homework, or other).
Email Dr. Ray (lray@irsc.edu) with the coupon copied in, naming the due date of the test or assignment you plan to use it for.
You must take the exam or submit the homework within 3 days of the scheduled date.
Upload the coupon with the assignment when possible; for discussion boards, the email notice is enough.
Once Dr. Ray confirms, the late penalty is removed and the assignment is graded as usual.
No late submissions or make-up exams will be accepted during the last two weeks of the semester; coupons expire at the start of that two-week period.
Exceptions require official documentation verifying medical or other serious circumstances and Dr. Ray's approval — ask her through the Inbox in Canvas. Approval is not automatic.

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