FORDHAM UNIVERSITY
SUMMER SESSION
BASIC MICROECONOMICS
ECON 1200-W21
DR. ROBERT BATEMARCO
SUMMER SESSION 2 2015
Telephone: (914) 960-8548
Time: Tuesday/Wednesday/Thursday 6:00-9:00 PM
Email: rbatemarco@fordham.edu
Room: TBA
Microeconomics studies the decisions and interaction of consumers and businesses,
resulting in an understanding of the process by which prices and quantities are
determined in a market setting. Forms of industrial organization such as competition,
monopoly, and oligopoly are explored. Also studied are the markets for labor and other
factors of production.
By enabling us to understand the workings of the price system and the universality of
trade-offs, microeconomics is the foundation of every area of economic inquiry.
LEARNING OBJECTIVES
Upon successful completion of this course, the student will be able to:
A. Identify what is distinctive about the economic way of thinking,
B. Show how prices yield market equilibrium in the face of various market events
C. Understand the differing outcomes market allocation of resources and collective
allocation of resources,
D. Distinguish between market outcomes of various degrees of competition,
E. Discern the relationship between factor markets and product markets.
F. Apply microeconomic analysis to key social problems.
COURSE TEXTBOOK
Microeconomics: Private and Public Choice, Gwartney, Stroup, Sobel and MacPherson
15th ed., South-Western, CENGAGE Learning, 2015 (ISBN – 9781285453569).
We will use Aplia for homework. To order the book online, your options are to get the
physical book, Aplia and the ebook at or to just get Aplia and the ebook. Go to the site
http://www.cengagebrain.com/shop/isbn/978-1-305-49784-9
OUTLINE OF TOPICS AND READINGS
June 30 – Basic Economic Concepts and Models (Chapters 1 and 2)
July 1 – Demand, Supply and Market Equilibrium (Chapters 3 and 4)
July 2 – UNIVERSITY CLOSED
July 7 – Problem Areas for Markets and Government’s Role (Chapters 5 and 6)
July 8 – Resource Exhaustion and the Environment (Special Topics 11 and 12)
July 9 – Consumer Choice, Demand and Elasticity (Chapter 7)
July 14 – Costs and the Supply Curve and Review for the Mid-Term (Chapters 8)
July 15 – MID-TERM EXAM and the Analysis of Highly Competitive Markets (Chapter 9)
July 16 – The Impact of Low Barriers to Entry (Chapter 10)
July 21 – The Impact of High Barriers to Entry (Chapter 11)
July 22 – Input Markets (Chapter 12)
July 23 – Labor Market Issues (Chapter 13, Special Topics 9 and 10)
July 28 – Capital Formation and the Stock Market (Chapter 14 and Special Topic 3)
July 29 – Poverty, Inequality and Education (Chapter 15 and Special Topic 8)
July 30 – International Trade (Chapter 16) and Review for the Final
August 4 – FINAL EXAM
COURSE REQUIREMENTS, GRADING AND ATTENDANCE
The final grade will be determined on the basis of 1) the best 10 of 11 short quizzes at
the beginning of class, 2) a midterm exam, 3) a final exam and 4) the problems
assigned from Aplia, the online application you will have access to during the course.
Of these, your best grade will be weighted 40%, your second best 30%, your third best
20% and your worst will be weighted 10%. The midterm exam will be given midway
through the semester (during the seventh class), and the final exam is scheduled for the
last class meeting of the course.
You are expected to attend all class sessions. The instructor should be informed, when
possible, in advance of impending absences from lectures for health or business
reasons. Absences from scheduled examinations can only be excused with some kind
of documentation and will have to be made up at the soonest convenient time.
ACADEMIC INTEGRITY
A student who falsifies or copies an assignment, term paper or examination will be
subject to failure in the course. Dishonest behavior includes, but is not limited to:

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Using unauthorized material in an examination
Aiding or permitting another student to copy an assignment, term paper or
examination
Plagiarism
Please refer to the Fordham University bulletin for more information on Academic
Integrity and Discipline procedures.
How to access your Aplia course
ECON 1200 - Basic Microeconomics
Instructor: Robert Batemarco
Course Key: NHZS-RB3Y-LNFR
Start Date: 06/29/2015
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