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La Guardia Community College
Social Science Department C 459
http://lagcc.cuny.edu/socialscience/economics.htm
Microeconomics
Email:
SSE 103.8755
Instructor: Crespo
DCrespo@lagcc.cuny.edu
M, W5:45pm-7:55pm
C234
M,W 8:05pm- 9:05pm
C207
Course Description: This course will study price determination and distribution under
alternative market structures. Government intervention and market comparisons will also Jbe
made. During this course the student will be expected to take full reins on their learning process
with the aide of the instructor and peers. Assignments will be given periodically late work is
NOT to be accepted; no exceptions! This course will have independent study as well as group
assignments. The student is solely responsible for their own learning, classwork and other course
related matters.
NO EXTRA CREIT NO EXCEPTIONS!
Text: Boyes, William & Melvin Michael. Economics. South Western: 8th
edition, 2010.
Objective: To introduce students to the theory of price determination, distribution, the factors
that influence efficiency decisions of the consumer and firms, antitrust, regulation, market
failure, alternative market structures such as pure competition, monopoly, monopolistic
competition and oligopoly. We will also discuss how and why instructional trade makes different
economies interdependent.
Student Objective: During the completion of this course students will be able to identify and
explain the theory of price determination and distribution alongside the factors which influence
efficiency decisions of consumers and firms. Students will also able to differentiate between pure
competition, monopolies, oligopolies as well as gaining the ability to explain government
antitrust, regulations, and market failures. Students will gain self-sufficiency with the subject
matter by means of the instructor's guidance. Students will independently understand financial
articles and concepts in a concise matter.
Attendance: Attendance is highly suggested for all lectures and exams.
Absolutely NO makeup Exams and NO extra Credit will be given.
Grading: There will be Imidterm exam and 1 Final exam during this course.
Midterm Exam: 40 point total
Assignments: 20 point total
Final Exam: 40 points
Total: 100 points
Academic Dishonesty: Please adhere to the rules and regulations of the institution.
Plagiarism and cheating will not be tolerated !^
Student Signature of Acceptance
section: 8755
I. Introduction to the Price System
Chapters 1,3, 4
What is Economics?
Markets, Demand, Supply, and the Price System
Market System and Private Sector
Consumers and Firms
Chapters 19,20,21,22
Elasticity: Demand and Supply
Consumer Choice
Supply and Cost Theory
Profit Maximization
Review / Midterm
III. Imperfect Competition
Chapters 23, 24, 25, 26
Perfect Competition
Monopoly
Monopolistic Competition and Oligopoly
Antitrust and Regulations
IV. Different Economics and International Trade
Chapters 18,35
Globalization
International Trade Restrictions
Course Calendar Schedule:
June 25
June 27
July 2
July 4
July 9
July 11
July 16
July 18
July 23
First Class
Chapter 1,3
Chapter 4, 19 Lab 1
NO CLASS
Chapter 20, 21 Lab 2
Midterm Review chapter completion
MIDTERM EXAM Chapter 22 Wednesday schedule
Chapter 22, 23, Lab 3
Chapter 24, 25 Lab 4
July 25
Chapter 26 Lab 5
July 30
August 1
August 6
Chapter 18, 35
Lab 6 final Review
Last class