Economics 1001H Principles of Microeconomics
Baruch College Fall 2010; Mon. Wed. 11:10-12:25 Room VC10-130;Sections KM13; Code 504
Professor Michael Carew; Phone (646)-312-3488; e-mail Michael.Carew@Baruch.cuny.edu
Office Hours: Tues & Thurs 9:30-5:00 or by appointment
Purpose: This course is offered as part of the Baruch Department of Economics and Finance
program. It is structured to provide the student with a broad appreciation of how scarce
resources are allocated in a properly functioning economy, which will permit the analysis of
issues such as supply/demand interaction, price determination, industry output and income
distribution. In the course of learning Microeconomics, you will study how consumers make
their buying decisions, how firms make their output decisions and how these two strategies
interact to determine the price level and quantity of output produced. We will also discuss
issues such as government intervention, labor unions and industrial organization such as
monopolies and oligopolies.
Requirements: You are expected to have taken high school mathematics including algebra
and geometry. Course work will comprise one or two chapters of readings for each week as
the basis of class discussion. There will be two examinations counting 30% each, in total 60%
of the final grade APLIA assignments are 20%.. Each Monday you will turn in a 3 x 5 card
with two questions on the assigned reading. Question cards and class participation will be
graded and will count 20 % of your grade. (1.5% a piece for each week). Regular reading and
familiarity with current economic events and issues is strongly emphasized. Students are
encouraged to use the internet sites, as appropriate to amplify the readings.
Question Cards: Should pose at least two original questions each week with specific citations
to the text readings and relevant current events. Questions that aim to stimulate intelligent
class discussion about economic, financial, theoretical or analytical aspects of the texts, or that
seek explanation of difficult passages that you don't immediately understand, will receive the
highest marks.
Quizzes: There will be posted each week an APLIA on-line quiz. They are required, and their
successful (grade of 80%) completion will add to both the student’s understanding, and the
class participation portion of your course grade. Students wishing to excel or needing
additional work are encouraged to acquire the APLIA Internet Microeconomics package.
Text:
Principles of Microeconomics 5th (and the Study Guide) N. Gregory Mankiw
Cengage Learning, Mason, Ohio. Date 2009: Package ISBN: 978-0324-59892-6
Book
ISBN: 0-324-26939-0
Micro Markets: A Market Structure Approach to Microeconomic Analysis
Attendance: Attendance at all classes and punctuality are required.
Internet: Text:http://mankiwxtra.cengagelearning.com, www.aplia.com,
Course: http://bcln-out.baruch.cuny.edu.
Other: http://cepa.newschool.edu/het/ ; http://www.economist.com.
Schedule
WEEK/DAY
1. Monday
Wednesday
2. Monday
Wednesday
3. Monday
Wednesday
Thursday
4. Monday
Wednesday
5. Monday
Wednesday
6. Monday
Wednesday
7. Monday
Wednesday
8. Monday
DATE
Topic and Discussions
#
February 1 # 1
February 3 #2
February 8 # 3
February 10 # 4
February 15
February 17 #5
February 18 #6
February 22 #7
February 24 #8
March 1
#9
March 3
#10
March 8
#11
March 10
#12
March 15
#13
March 17
#14
March 22
#15
Wednesday March 24
#16
9.Monday
Wednesday
10.Monday
Wednesday
11.Monday
Wednesday
12.Monday
Wednesday
13.Monday
Wednesday
14.Monday
Wednesday
15.Monday
Wednesday
March 29
16. Monday
3rd Week May
March 31
April 5
April 7
April 12
#17
April 14
#18
April 19
#19
April 21
#20
April 26
#21
April 28
#22
May 3
#23
May 5
#24
May 10
#25
May 12
#26
May 17
#27
Introduction; Administration and Focus
The Ten Principles
Economic Thinking and Analytical methods
The Role of the Economist
---College Closed--Trade Interdependence
Comparative Advantage
Market Forces: Demand
Market Forces: Externalities
Elasticity of Demand
Elasticity of Supply
Supply, Demand and Government Policies
Taxes and Markets
Consumer and Producer “Surplus”
Market Efficiency
The Costs of Taxation
International Trade and Foreign Exchange
Review
---Spring Break College Closed-----Spring Break College Closed-----Spring Break College Closed----Examination Number One-Consumer Choice
Consumer Optimization
Public Goods and Common Resources,
Taxation and Normative Objectives
Costs of Production and Distribution
The Measurement of Costs
Firm, Enterprises and Competition
The Supply Curve and Profit Maximization
Markets for Factors of Production
Monopoly and Oligopoly and Anti-Trust
Monopolistic Competition; Review
--Examination Number Two
ASSIGNMENTS
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 10
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 21
Chapter 11-12
Chapter 13
Chapter 14
Chapter 18
Chapters15&17
Chapter 16
Student Registration and Payment Instructions
Course Name: Economics 1001H, Spring 2019, Carew
Start Date: 02/01/2010
Instructor: Michael Carew
Course Key: 4VZ6-FRY9-MTRK
You can begin working on your homework as soon as you register!
• In this course, you will use a textbook and Aplia's website.
• In most cases, you can save money if you buy Aplia and your textbook together. See
payment options below.
• You will have access to a digital version of your textbook using Aplia.
Registration
If you have never used Aplia before...
1. Connect to http://www.aplia.com.
2. Click the New Student link and enter your Course Key: 4VZ6-FRY9-MTRK. Continue
following the instructions to complete your registration.
If you have used Aplia before...
1. Connect to http://www.aplia.com.
2. Sign in with your usual e-mail address and password and enter your Course Key when
prompted: 4VZ6-FRY9-MTRK. If you are not prompted for a new Course Key, click the Enter
Course Key button to enroll in a new Aplia course. Enter your Course Key when you are
prompted.
* You will have different payment options after you register for your course. If you choose to pay
later, you can use Aplia without paying until 11:59 PM on 02/21/2010.
Payment
Option 1: Digital Textbook with Aplia Access
• From Aplia: Purchase access to your course from Aplia's website for $80.00 USD.
Option 2: Physical Textbook with Aplia Access (also includes digital textbook)
• From Aplia: Purchase access to your course for $80.00 USD and a physical book for
$45.00 USD from Aplia's website.
• From Bookstore: Purchase an Aplia Access Card and a physical book together as a
bundle from your campus bookstore.
* If you purchased an Aplia Access Card from a bookstore, enter the Access Card's payment code
on Aplia's website as payment for your Aplia course.
* You will have access to your digital textbook up until the end of this course.
M.G.C.
October 27, 2009