FORDHAM UNIVERSITY
SCHOOL OF PROFESSIONAL AND CONTINUING STUDIES
BASIC MICROECONOMICS
ECON 1200-W01
DR. ROBERT BATEMARCO
SUMMER SESSION 2 2014
Telephone: (914) 960-8548
Time: Tuesday/Wednesday/Thursday 6:00-9:00 PM
Email: rbatemarco@fordham.edu
Room: 137
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
14th ed., South-Western, CENGAGE Learning, 2013 (ISBN – 9781133851981).
We will use Aplia for homework. If you buy it from the bookstore, the ISBN is
9781133851981 for the book and the printed access card for Aplia. The book may say
MacPherson as the primary author instead of Gwartney, but it is the same book.
If you order the book online, your options are to get the physical book, Aplia and the
ebook at www.cengagebrain.com/shop/ISBN/9781285260938 or to just get Aplia and
the ebook at www.cengagebrain.com/shop/ISBN/9781111968274.
OUTLINE OF TOPICS AND READINGS
July 1 – Basic Economic Concepts and Models (Chapters 1 and 2)
July 2 – Demand, Supply and Market Equilibrium (Chapters 3 and 4)
July 3 – UNIVERSITY CLOSED
July 8 – Problem Areas for Markets and Government’s Role (Chapters 5 and 6)
July 9 – Resource Exhaustion and the Environment (Special Topics 11 and 12)
July 10 – Consumer Choice, Demand and Elasticity (Chapter 7)
July 15 – Costs and the Supply Curve and Review for the Mid-Term (Chapters 8)
July 16 – Mid-term Exam and the Analysis of Highly Competitive Markets (Chapter 9)
July 17 – The Impact of Low Barriers to Entry (Chapter 10)
July 22 – The Impact of High Barriers to Entry (Chapter 11)
July 23 – Input Markets (Chapter 12)
July 24 – Labor Market Issues (Chapter 13, Special Topics 9 and 10)
July 29 – Capital Formation and the Stock Market (Chapter 14 and Special Topic 3)
July 30 – Poverty, Inequality and Education (Chapter 15 and Special Topic 8)
July 31 – International Trade (Chapter 16) and Review for the Final
August 5 – Final Exam
COURSE REQUIREMENTS, GRADING AND ATTENDANCE
The final grade will be determined on the basis of 1) the best 10 of 12 one-question
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: 34UQ-UQ38-LPPK
Start Date: 06/30/2014
Registration
Aplia is part of CengageBrain, which allows you to sign in to a single site to access your
Cengage materials and courses.
1. Connect to http://login.cengagebrain.com/
2. If you already have an account, sign in. From your Dashboard, enter your course key
(34UQ-UQ38-LPPK) in the box provided, and click the Register button.
If you don't have an account, click the Create a New Account button, and enter your
course key when prompted: 34UQ-UQ38-LPPK. Continue to follow the on-screen
instructions.
Payment
Online: After registering, you can buy access to Aplia from myhome.cengagebrain.com.
If you choose to pay later, you can use Aplia without paying until 11:59 PM on 07/14/2014. After
paying, you will have the option to purchase a physical book at a discounted price.
For more information on registering for Aplia, please visit http://www.cengagebrain.com/aplia/.