Instructor: Charles H. Tremblay
Telephone: 215-751-8706
E-mail: ctremblay@ccp.edu
Course Description: Microeconomics continues the
study of how an economic system seeks to overcome economic scarcity through the
most efficient allocation of its scare resources in order to maximize
satisfaction of human wants. This
semester analysis focuses on the manner in which economic decisions are reached
by the individual unit (person, business firm or industry) of the economic
system through the mechanism of the price system. Major emphasis is placed on the development
of a logical understanding of the manner by which the following economic
questions are resolved by the market mechanism:
1. What goods will be produced?
2. What quantity of these goods will be produced?
3. How will they be produced?
4. For whom will they be produced?
Course Objectives: To introduce the beginning
economics student to principles essential in understanding the basic
economizing problem, specific economic issues and the policy alternatives
available for dealing with them.
To develop a lasting interest in economics.
To be able to reason accurately and objectively about economic matters.
Text: Required: McConnell/Brue: Microeconomics; McGraw-Hill, 2005
Recommended: McConnell/Brue: Study
Guide to Accompany Microeconomics, McGraw-Hill, 2005.
Assignments: The assignments for the entire
semester are indicated in the time line.
It is suggested that you study the assignments at least twice. First, read the material carefully to get a
general idea of the subject matter, than read it again making marginal notes to
assist you in your review for examinations.
Do not fall behind in your reading assignments.
Grading: Your grade will be determined based on the results
of your midterm and final exam. Each
exam will be worth 40% of your grade.
The remaining 20% will be based on your written response to the
questions you have been asked to do at the end of each chapter. Make sure to post them on time. Assignments
that are posted late will not be graded unless prior arrangements have been
made with the instructor. Letter grades will be assigned as follows:
90
and above = A
80
to 89 = B
70
to 79 = C
60
to 69 = D
59
and below = F
Plagiarism: “Students must do their
own work; plagiarism will not be tolerated.”
Disabilities: “Students who are
registered with the Center on Disability must inform the instructor by the end
of the first week of classes if special accommodations are requested.”
Chapter 1 Introduction
Chapter 3 Supply and Demand
Chapter
8 Consumer Behavior
Chapter
9 Cost of Production
Chapter
10 Perfect Competition
Chapter
11 Monopoly
Midterm
Chapter
12 Imperfect Competition and Oligopoly
Chapter
13 Demand for Resources
Chapter
14 Wage Determination
Chapter
24 International Trade
Chapter
25 Exchange Rates
Chapter
23 Healthcare
Final