Syllabus
| Description |
Objectives | Prerequisites | Grading | Academic Integrity | Text |
The application of analytical techniques and economic
principles to analyze typical problems encountered by managers.
Topics include risk analysis, demand analysis, game theory,
cost estimation, market structure, pricing decisions, and
linear programming.
The objectives of this course are to:
- familiarize students with the microeconomic concepts
used in the making of management decisions,
- analyze the factors that affect the
competitive environment of firms and industries,
- examine various quantitative techniques that can be used
to aid the decision making process, and
- apply decision making tools to issues such as
organizational design, negotiation, and auctions.
ECON 101 (Principles of
Microeconomics) - You should be familiar with
supply and demand analysis, production and cost
theory, and market structure.
BUS 216 (Statistics for Business and
Economics) - You should be familiar
with basic statistical concepts such probability,
probability distributions, regression, and the
use of spreadsheets.
It will also be helpful if you
have taken MATH 14 (Survey of Calculus). There is a review of
calculus in the appendix to Chapter
3.
There will be two tests during the semester (each worth 22% of your grade)
and a final exam (also worth 22%) . Each
test will include problem, short answer, and graphing
questions. If you miss a test during the semester and have
a written excuse, you have two options: (1) You can take a
makeup test during the class period immediately following the
scheduled test, or (2) the weight of the other exams will be
increased appropriately, with the difficulty of each exam
factored in. The final must be taken at the
time indicated, so please make sure there are no
conflicts.
In addition to the tests, there
will be homework assignments and computer
projects that will total 34% of your grade. The computer projects will require the
use of spreadsheets.
Ethical behavior is expected at all times.
From the Undergraduate Bulletin: "Academic
dishonesty is an affront to the integrity of
scholarship at USD an a threat to the quality of
learning. . . Violations of academic integrity
include: a) unauthorized assistance on an
examination; b) falsification or invention of
data; c) unauthorized collaboration on an
academic exercise; d) plagiarism; e)
misappropriation of research materials; f) any
unauthorized access to an instructor's files or
computer account; or g) any other serious
violation of academic integrity as established by
the instructor. An act of dishonesty can lead to
penalties in a course such as reduction of grade;
withdrawal from the course; a requirement that
all or part of a course be retaken; and a
requirement that additional work be undertaken in
connection with the course."
Dominick Salvatore. Managerial
Economics in a Global Economy,
8th Edition, Oxford University Press, 2015.
The study guide for this book is online and is free (!):
Study Guide |
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