ECO 2023
Microeconomics
Honors College
Instructor’s Information:
Professor Maria C Mari, CPA, CMA, CFrA
School of Business – Kendall Campus
Office: 6319 #29
Office telephone: 305-237-0341
Office email: mmari@mdc.edu
Office hours: MW 11am to 1pm or TR 12:30 – 1:30pm
Faculty website: http://faculty.mdc.edu/mmari/
Course Description:
An introductory course in the study of micro economic theory as applied to
the United States. This course will introduce the students to micro topics
such as demand theory, production theory, industrial organization, and
elasticity.
This course is an independent study course. Students are not required to attend
a formal class but must complete the assignments by the due date stated. It is
recommended that students meet semi monthly with the instructor to discuss
their progress, in addition, to weekly e-mail messages.
Course Competencies:
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To understand the concept of opportunity cost and incentives and how
they affect human behavior.
To understand the production possibilities frontier.
To understand the theories of absolute and comparative advantage.
To understand the laws of demand and supply.
To understand elasticity and its effect on total revenue and demand.
To analyze the effect of government policies on equilibrium.
To analyze prices and its affect on product demand.
To determine the effect of production costs on supply in the short and
long run.
To examine the types of market structure and their role in the
economy.
To analyze businesses operating under perfect competition
To analyze businesses operating under monopoly.
To understand monopolistic competition and advertising’s role
To understand the dynamics of oligopoly.
To analyze the four market structures wit respect to allocative and
productive efficiency.
To understand the role of government regulations and antitrust policy
on producers.
Textbook: Microeconomics by McConnell; & Brue 1 7th edition
E-instruction clickers – information on purchasing the clickers will be announced
in class.
Evaluation Methods:
Method:
Examinations
Honors Project
Homework Assignment
Total points
3 plus final
Points
300
50
25
All work is due on April 15, 2007 at Noon.
375
Grading:
Grade
A
B
C
D
F
Maximum points
375
337
269
262
224
Minimum points
338
270
263
225
0
Examinations: Students will have three midterm examinations. The first
examination will cover chapters 1 through 5. The second examination will cover
chapters 6 through 10. The third examination will cover chapters 12 through 15.
There will be a cumulative final. The students may drop the lowest of the four
test grades.
Honors Project iPod Assignments: Students will work in groups to prepare
a review assignment for students taking ECO 2023. These review assignments
will be prepared as Podcasts and posted on the School of Business website for
the Kendall Campus. Each group of four students will be given a topic in the
Microeconomic course to work on. The group will develop power points slides
and a script to follow the slides. Finally, the group will tape their podcast and
present it to the Department Chair and School of Business Director.
Homework Assignments – Will be distributed in class.
Extra Credit: Students will be able to earn a maximum of five extra credit points
during the semester.
Student Responsibilities and Conduct
Academic Dishonesty (as defined by the College) includes, but is not limited to
cheating on examinations; receiving help from other students (unless permitted
by the instructor) plagiarizing; submitting work from another course (unless
permitted by the instructor); and assisting anyone doing these things. Academic
Dishonesty is considered to be a serious offense and may result in failing an
assignment, receiving an “F” in the course, or dismissal from the College. See
the Students’ Rights and Responsibilities Handbook for further information.
Students should make a special effort to arrive in class ON TIME. IT is disruptive
and discourteous to the instructor and to other students. If tardiness is
unavoidable’ please come into the class and sit quietly without bothering other
students. Cell phones, pagers, or beepers should be turned off when entering
the classroom.