School of Business Administration
Faculty/Staff Login
Nav Menu

ECON 3305 - 24959 Fall 2013

Course Number ECON 3305 - 24959
Course Title Managerial Economics
Location Online
Prerequisites ECON 2301, ECON 2302, COSC 3325, and BUSI 3303
Instructor Dr. Yong U, Glasure
Office
Office Hours Tuesday 12:30PM-2:30PM (virtual office hours for online courses); Monday 11:30am - 12:30pm (office hour for f2f class
Phone 361-570-4226
Fax
Email glasurey@uhv.edu
Faculty Homepage/URL http://

Prerequisite Policy

Prerequisites for a course exist because the School of Business Administration faculty have determined that the knowledge, skills, and/or exposure students receive through the prerequisites is critical to their success in the course and their ability to contribute to their fellow students' learning experience. In addition, taking your core courses and concentration or elective courses in a prescribed sequence prepares you to integrate the knowledge and skills you are acquiring properly. Students bear the responsibility for verifying that they have the appropriate prerequisites for their courses. Students who enroll in a course without completing the prerequisites risk being dropped from the class at any time during the semester should their lack of prerequisites come to light. In addition, students who enroll without the prerequisites and as a result find themselves at a disadvantage in meeting course objectives will have no redress with the instructor.

Course Description

The development of basic economic concepts and their application to managerial decision making. This is an applied microeconomic theory and applied econometric course requiring the use of a statistical package. Credit will not be given for both ECON 3305 and ECON 3315.

Textbook Information

Paul G. Keat and Philip K.Y. Young, Managerial Economics, 7th ed., Pearson Prentice Hall, ISBN 9780133020267(Required)

Information on Buying Textbooks

The Victoria College Bookstore carries textbooks for all UHV SBA courses.

Students may use the publishing information posted above to order their textbooks from their favorite book vendor. However, before doing so you should find out what your vendor's anticipated shipping time is, and what their return policy is. Also, you should not write in or remove shrinkwrap from any textbook or materials you purchase from any vendor until the first class day in the event that:

  • the vendor supplies you with the wrong edition of your text,
  • the course instructor is forced to make a late change to the required textbooks,
  • you are forced to make a last-minute change to your schedule due to missing prerequisites, or
  • your course is canceled due to low enrollment.

In addition, be aware that, on occasion, certain outside vendors may substitute an international version of a textbook for the version you have requested without notice. International versions of textbooks may be quite different from the editions we require.

Required Course Materials

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

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

Course Relationship to Program Mission

The School of Business Administration prepares students for entry level and professional positions in business. BBA graduates will:

  • Comprehend the business environment and functions.
  • Demonstrate effective communication skills.
  • Demonstrate computer usage skills.
  • Employ ethical principles in all business situations.
  • Demonstrate the ability to work effectively on teams in diverse organizations.

AACSB Accreditation Standards

The School of Business Administration is accredited by AACSB International, the hallmark of excellence in management education. AACSB International accreditation represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. AACSB International accreditation is the hallmark of excellence in management education. AACSB International accreditation adds value to your degree. The AACSB International accreditation standards require you to:

  • Operate with integrity in your dealings with faculty and other students.
  • Engage the learning materials with appropriate attention and dedication. (This standard recognizes the role students play in the creation of high-quality education. You cannot be passive, nor can your participation be superficial.)
  • Maintain your engagement when challenged by difficult learning activities.
  • Contribute to the learning of others. (Regardless of the delivery mode of the program, students should have opportunities to work together on some learning tasks. Students need to acknowledge their responsibilities to their fellow students by actively participating in group learning experiences.)
  • Perform to standards set by faculty.

Course 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.

Course Evaluation Process

Grading Scale:

Your letter grade is determined using the grade distribution that follows. You can calculate your percentage grade at any time in the semester by dividing the points you have accrued by the total points available up to that point. This percentage is then matched to a letter grade.

A 90% or higher
B 80 to 89%
C 70 to 79%
D 60 to 69%
F Less than 60%

Course Assessments:

Professor reserves right to modify syllabus and course schedule and other info
Mandatory group assignments 60 points
Homework from each chapter50 points
Weekly discussion board/workshop participation30 points
Exam 1 (online)100 points
Exam 2 (online)100 points
Exam 3 (online)100 points
Optional cumulative final (online)200 points

Professor reserves right to modify syllabus and course schedule and other info

First, the professor reserves the right to modify the syllabus and the course schedule when needed. The professor will notify the students in the event that there will be a change to the syllabus and the course schedule.

Second, keep in mind that there is no make-up exam in this course. Concerning Exam 1 and Exam 2, if you missed Exam 1 or Exam 2, you take the optional cumulative final. However, if you missed both Exams, you should consider dropping the course.

Third, your course grade is determined by the total points earned from the various components designated in the course. Some of your former colleagues who finally realized that they cannot pass the course with a grade of C before the last exam because of both missing weekly discussions and workshops, and homework, asked for extra credit works. Note that I do not give any extra credit work to anyone.

Fourth, pay a special attention to this information: If you do not participate in the group assignment(s), the professor will lower the course grade by a whole letter grade plus losing all points for the group project(s). (For example, if your final course grade is an A, you will receive a B.) Think twice before you decide to not participate in the group assignment(s). You can construe this as a penalty for putting your group through an unpleasant working environment, possibly lowering the grade of the project, and so on.

Mandatory group assignments

Keep in mind that to receive a good course grade, you must complete all group assignments. See group case studies below. Also note that putting a non-contributing member on any group assignment, IF CAUGHT, WILL RECEIVE 0 POINT.

Three required group assignments are used to further test your newly acquired knowledge on economic concepts and regression tools to actual business problems. Group assignments are worth 60 points.

Pay a special attention to this: If one does not participate in the group assignments, the professor will lower the course grade by a whole letter grade beside losing all points for the group projects. (i.e., if your final course grade is a B, you will receive a C.) Think twice before you decide not to participate in the group assignments.

(Objectives 1-5 are assessed)

Homework from each chapter

Taking an online course requires self-discipline and a programmed approach to each chapter. In the past, I did not give credit for your effort.

After carefully monitoring studying behaviors of your former colleagues over the years, I have adopted a new approach in trying to engage you in the course. You will do a self-enrichment homework assignment for each chapter in the form of true/false and/or multiple choice questions. You must score 70% or higher on that particular homework to receive some credit for your effort. See the break-down below.

The breakdown of the credit for a particular homework assignment is as follows: if you score 70-79%, you receive 60% credit on that particular homework; 80-89%, 80% credit; and 90-100%, 100% credit. You can repeat a particular homework 3 times to improve your score. In the event that you forget to do a particular assignment on time, you receive 0. Do not ask me for an extension.

You can find homework on Assessments, the same place where you find regular exams.

Objectives 1-5 are assessed)

Weekly discussion board/workshop participation

The type of a discussion question I ask requires lots of thinking, but it is related to the chapter you are responsible for that particular week. Sometimes, the discussion question can be very controversial.

Questions for discussion will be posted on the Discussion Board (DB) each week. Weekly Discussion Boards will be locked on a due date. Late answers will not be accepted.

Besides the DB topics, I also utilize workshops pertaining to each chapter topics in order to reinforce materials learned from each chapter's homework.

(Objectives 1-5 are assessed)

Exam 1 (online)

Exam 1 covers chapter 1- 4, and my lecture notes. My lecture notes expands certain topics that are covered in each chapter. The exam is composed of multiple choices, essays and problem-solving.

(Objectives 1-3, 5 are assessed).

Exam 2 (online)

Exam 2 covers chapters 5 and 6 and my lecture notes. The exam is composed of multiple choices, essays and problem-solving.

(Objectives 2, 3, and 5 are assessed).

Exam 3 (online)

Exam 3 covers chapters 7-9 and my lecture notes. The exam is composed of multiple choices, essays and problem-solving.

(Objectives 4 and 5 are assessed).

Optional cumulative final (online)

If you missed Exam 1 or Exam 2, you take the optional cumulative final. Note that Exam 3 and the optional cumulative final are mutually exclusive. In other words, the cumulative final contains all the questions that are on Exam 3 plus questions coming from the Exam 1 and Exam 2 materials including an additional essay question. The optional final has two essay questions, one from Exam 3 and one from the prior exam materials.

If the student wishes to replace one of the lowest scores on the first two-exam score, he/she can request for the cumulative final examination. Keep in mind that if you made 80 on Exam 1 and you took the cumulative final and made 70. That means your exam 1 score becomes 70 and exam 3 score, 70. Because of the negative consequence, be care in requesting for the cumulative final. You may do worse.

(Objectives 1-4 are assessed)

Reading Assessments

Your capacity to contribute to class discussions is directly related to your commitment to completing all reading assignments by the dates listed on the course schedule. Class participation grades will reflect both the quantity and the quality of your participation.

Makeup Exams

Make-up exams will only be given at the discretion of the instructor. Students are strongly cautioned to notify the instructor immediately if legitimate and insurmountable obstacles prevent them from participating in a scheduled exam session.

Late Assignments

The due dates for all assignments will be strictly followed. Late assignments may or may not be accepted at the instructor’s discretion; should the instructor accept a late assignment, he or she may reduce the grade of the assignment the equivalent of one (1) letter grade for each day the assignment is late.

Attendance Policy

According to the UHV Student Handbook, students are expected to be diligent in their studies and regular in class attendance. A student whose absences are determined by the instructor to be excessive shall be dropped prior to the last day to drop a course or withdraw from UHV with a grade of W or F. For students enrolled in online courses, "absence" connotes a failure to engage in class participation activities on a weekly basis. If an unforeseen crisis (including family emergencies, professional obligations, and technical difficulties) prevents you from fulfilling your course obligations, you are responsible for alerting your instructor to the reason for and anticipate duration of your absence.

Teaching and Learning Partnership

Teaching and learning is a partnership between faculty and students. I will fulfill my partnership obligations by serving as advisor, consultant, mentor and purveyor of general comments and clarifications of difficult or confusing concepts. To this end, I will respond to questions within 72 hours.  You will fulfill your partnership obligations by being a fully participative, responsive, helping, and working team member of the class.  You should check your UHV email frequently and respond to faculty in a timely fashion. Good business and professional etiquette is expected. No derogatory comments should be made. You may certainly disagree with others in class discussions, and you may state your disagreement (if you choose to); however, please do so in a polite manner.

Homework, take-home exams, case assignments and bulletin board participation all play an important role in your education in this course. They are an essential part of the learning process in that they require the synthesis and extension of concepts. They also help both the student and the instructor to evaluate one’s progress in mastering the material. Past experience indicates that generally the course material cannot be adequately mastered without active involvement on your part.

Discussion of homework assignments with others who are also struggling with them can be highly beneficial and is encouraged. Most real-life problems are solved through team efforts, and it is important to learn how to solve problems cooperatively. The interaction with others working on the same problem often reveals different approaches to common difficulties.

Academic Honesty

Each student is responsible for maintaining high standards of academic honesty and ethical behavior. In order that each student understands what is (or is not) acceptable behavior, the following guidelines are offered.

  • Discussion of assignments with other students and members of the faculty is both permitted and encouraged as a constructive educational practice.
  • Students are expected to write their exams, quizzes and papers on their own, based on their individual level of progress with the material.
  • Copying of another’s work and representing it as one’s own work is a serious academic offense, and will be treated as such.
  • Students are encouraged to review materials other than those required for the course in preparing assignments, but should always properly cite any sources used in assignment preparation.

UHV’s Student Handbook contains a detailed description of the university’s Academic Honesty Policy. In addition, tutors at the Academic Center (see section below) are available to assist you in providing proper citations for your source materials.

Disabled Student Policy

The University of Houston System complies with Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, pertaining to the provision of reasonable academic adjustments/auxiliary aids for students with a disability. In accordance with Section 504 and ADA guidelines, each University within the System strives to provide reasonable academic adjustments/auxiliary aids to students who request and require them. If you believe that you have a disability requiring academic adjustments/auxiliary aids, please contact your University’s student disability services center. University of Houston–Victoria, Office of Disability Services, 3007 N. Ben Wilson St., Suite 133-B University West, Victoria, TX 77901. Office phone – 361-570-4287; E-mail worleyc@uhv.edu; Website - www.uhv.edu/DisabilityServices

Student Absences on Religious Holidays

Per Texas state law, students will be excused from attending class and other required activities, including examinations, for the observance of a religious holy day, including travel for that purpose. A student whose absence is excused on these grounds will be allowed to take an examination or complete an assignment within one (1) week of the excused absence.

Sexual Harassment

Students who feel they are the victims of sexual harassment may contact the Associate Vice President for Student Affairs at 361-570-4290 and/or the Director of Human Resources/Affirmative Action at 361-570-4800.

Grievance Procedures

Students who have non-academic grievances or complaints may contact Student Services at 361-485-4409.

Student Success Center Services

The Student Success Center offers writing assistance to all UHV students in the form of paper reviews by peer tutors. Tutors will aid students in looking more critically at their own writing to examine issues such as organization, structure, and development of ideas. To submit a document for online tutoring, or to schedule an appointment for face-to-face tutoring, please visit the Student Success Center online http://uhv.mywconline.com/. For more information about the Student Success Center and its library of online resources, visit the Center's Web site at http://www.uhv.edu/ac or stop by Suite 129 (University West in Victoria).

Weekly Class Schedule

DaysTopicReadingAssignment