
Jorge G. Gonzalez
Office: CGC N422
Phone: 736 - 7224
E-Mail: Jgonzal1@trinity.edu
Web: www.trinity.edu/jgonzal1

Office Hrs:

The purpose of this class is to give you a framework that can be used to study the behavior of economic agents. Economic agents (i.e. consumers, business firms, government agencies, etc.) compete with each other for scarce resources in their search to maximize their well being. Microeconomics studies the process by which these resources are exchanged and transformed.

TEXT:
Recommended: Watson, J.K., Study Guide to Accompany Ekelund-Tollison
Economics, Fourth Edition, 1994.
Recommended: Wall Street Journal.
COURSE REQUIREMENTS:
The take-home assignments will consist of problems sets that
will be graded and several class assignments in the form of readings
or problems to be done at home but that will not be handed in.
Students are allowed and encouraged to do their problem sets in groups of 3 to 4 members. Students that decide to work in groups will only hand in one problem set per group and all group members will receive the same grade for the assignment. Those students that wish to work in groups should form their groups and inform me about their members by September 17. Nobody will be allowed to join a group after September 17. Students are allowed to quit their groups at any point during the semester, but these students will not be able to join another group.
Class participation is strongly encouraged. Class participation
is not only 5% of your grade but also decisions on borderline
grades will take into consideration the class participation of
the student during the term.
Although class attendance is not directly represented as part
of your grade, if you are absent from class you will miss points
from class assignments and class participation and this will
be reflected in your grade.
There will be no make-up exams.
Problem sets are due at the beginning of the stated class period.
Under no circumstances will problem sets be accepted late.
GRADING SCALE:
Exam 2 (Thursday, November 14) = 200 points
Take-home Assignments = 200 points
Class Participation = 50 points
Final Exam (Saturday, December 14, 6:30 p.m.) = 350 points
950 - 1000 A
900 - 949 A-
870 - 899 B+
830 - 869 B
800 - 829 B-
770 - 799 C+
730 - 769 C
700 - 729 C-
650 - 699 D+
600 - 649 D
Less than 600 F

COURSE OUTLINE:
I. THE ECONOMIC SYSTEM
Chapters 1 (including Appendix), 2 , and 3.
II. ANALYSIS OF DEMAND AND SUPPLY
Chapters 4 and 5.
III. CONSUMPTION
Chapter 6.
IV. PRODUCTION
Chapters 7 , 8, and pp. 368-370.
V. MARKET STRUCTURE
a)Perfect Competition
Chapter 9.
b)Monopoly
Chapter 10.
c)Monopolistic Competition, Oligopoly, and Industrial Organization
Chapters 11, 12 and 17.
VI. FACTOR MARKETS
Chapters 13 and 14.
VII. SPECIAL TOPICS (Time Permitting)

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