Queens College, Economics 205, Geordan Hull, 1
Instructor: Geordan Hull
Session: Fall 2008 (Code: 3577, Section: 9S3)
Day, Time, and Room: Saturday, 9:00 a.m. – 12:40 p.m. in PH 121
E-mail: GeordanQC@yahoo.com
Office Hour: Monday, 9:50 p.m. – 10:50 p.m. in PH 154 or in PH 300B. Please
feel free to speak with me either before class, during the breaks, or
after class
Economics 205: Price Theory
Course Description/Objectives:
This course is designed to familiarize you with the technical tools of economic
analysis. It will show you how markets work. It will examine interaction and
decision-making of consumers and producers. Some of the topics that will be
covered include: Price, Input/Output Decisions of the Business Firm, Supply &
Demand, Income Distribution Factors, Consumer Behavior, and Profit
Maximization.
Prerequisites:
Economics 101 or 103, Economics 102 or 104, and Mathematics 131 or an
equivalent mathematics course
Required Textbooks:
Microeconomics, Robert Pindyck & Daniel Rubinfeld
Classwork:
Students are responsible for all material covered in lectures, reading assignments,
class assignments, and homework assignments.
Grading:
Your final grade will be based on the combination of several factors:
 Classwork/Attendance/Punctuality/Participation
10%
 Homework (www.aplia.com)
10%
 Two Examinations
55%
 Final Examination
25%
Grading Equivalencies:
A++ = 97-100, A = 93-96, A- = 90-92, B+ = 87-89, B = 83-86, B- = 80-82, C+ =
77-79, C = 73-76, C- = 70-72, D+ = 67-69, D = 60-66, F = 0-59
+
In order to receive a grade of “A+,” students must have an overall average of 97 or higher, as well as an examination average of 97 or higher.
Queens College, Economics 205, Geordan Hull, 2
Other:
 Please take notes during class
 Please check my website
(http://www.qc-econ-bba.org/coursewebsite.ihtml?Instructor_last=Hull&user_CourseCode=ECON205&Instructor_ID=104 ) on a
regular basis
 Please bring a scientific calculator or a graphing calculator to class; neither cell
phones nor financial calculators may be used as calculators
 Please bring your textbook to each and every class, unless otherwise stated
 Please submit all homework assignments on time; assignments received late
will not be accepted
 Cheating, in any form, will not be tolerated and will result in a grade of 0 and/or
an F in the course; prior to taking an examination, you must remove all books,
papers, etc. from your desk area
 Missing an examination will result in a grade of 0, unless there is an extreme
emergency; you will have to provide official documentation that verifies and
explains the absence
 All examination and course grades are final and non-negotiable
 If you believe that there is an error or mistake in the grading, feel free to speak
with me; however, please realize that your grade may be lowered as quickly as
it may be increased, as I will review your entire examination
 Please turn off all cell phones; if you have an emergency and need to have your
cell phone on, please have it on “silent” mode or “vibrate” mode
Closing:
I want this course to be fun, enjoyable, and useful for everyone. Please feel free to
ask me questions before class, during class, or after class. No questions are
juvenile. Every question is beneficial. I want all of you to feel comfortable, and to
get as much out of this course as possible. Welcome to the class!
Queens College, Economics 205, Geordan Hull, 3
Course Schedule*
Week Date
Agenda
1
8/30
2
9/6
3
4
5
6
9/13
9/20
9/27
10/4
7
10/11
8
9
10
11
10/18
10/25
11/1
11/8
12
11/15
13
14
15
11/22
11/29
12/6
16
12/13
17
12/20
No Class
 Introduction/Overview
 The Basics of Supply and Demand
 Consumer Behavior
 Individual and Market Demand
 Uncertainty and Consumer Behavior
Exam #1
 First Exam Discussion
 Production
 The Cost of Production
 Profit Maximization and Competitive Supply
 The Analysis of Competitive Markets
 Market Power
Exam #2
 Pricing with Market Power
 Monopolistic Competition and Oligopoly
No Class
 Game Theory and Competitive Strategy
 Markets for Factor Inputs
 Course Wrap-Up
Final Exam
* = The schedule is tentative, and may be subject to changes during the semester.