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Course Online Syllabus

Spring 2012

Department ECONCourse Number3305 Section Number23650
Name of Course Managerial Economics
Name of Instructor Glasure,Yong U.

This information may not constitute all course policies; students are responsible for all course requirements established by their instructors during the semester and all institutional policies as established in the UHV student handbook.

Learning Objectives

As a result of this course, students will

  1. understand consumers' decision-making process in the product market.
  2. understand different market structures in the product market.
  3. understand the importance of regression analysis in the demand, production, and cost estimations.
  4. develop the ability to solve managerial decision problems on the cost of production and the level of production of goods.
  5. increase awareness of and experience with group dynamics and problem solving.

Major Assignments/Exams

Professor reserves right to modify syllabus and course schedule and other info  
Weekly discussion board participation 30 points
Homework from each chapter 50 points
Mandatory group assignments 60 points
Exam 1 (online) 100 points
Exam 2 (online) 100 points
Exam 3 (online) 100 points
Optional cumulative final (online) 200 points

Required Reading

Paul G. Keat and Philip K.Y. Young, Managerial Economics,6th ed., ISBN 0136040047.

Copy of Microsoft Excel 2007, if not 2003. If you have a copy of Excel 2010, save spread-sheets in the 2003 format.

Recommended Reading

No additional readings have been recommended for this course.

List of Discussion/Lecture Topics

  • Use this course schedule as a guideline since the template used here is limited. You can find the detailed one on my homepage if you are enrolled in my course.
  • Introduction to managerial economics; go over the syllabus
  • The firm and its goals
  • Supply and demand
  • Demand elasticity
  • Exam 1
  • Install onto Excel Analysis Tool Pack and then practice running simple and multiple regressions using the data provided
  • Demand estimation and forecasting; We will work on the group assignment 1 in class after brief lecture
  • Spring Break
  • The theory and estimation of production
  • Group project 2 (20 points)
  • Exam 2
  • The theory and estimation of cost
  • Group project 3 (20 points)
  • Pricing and output decisions: perfect competition and monopoly
  • Pricing and output decisions: monopolistic competition and oligopoly
  • Exam 3 or optional Cumulative Final (are mutually exclusive). You take either Exam 3 or the cumulative final depending on your circumstances.;