SYLLABUS
MANAGERIAL
ECONOMICS
THREE CREDIT
HOURS
August 30 – December 16
Instructor: Greg Heberling Office Fax: 765-641-4356
Office: Hardacre Hall Room 204 Secretary: 765-641-4358
Office Phone: 765-641-4363 Office Email: gdheberling@anderson.edu
Managerial Economics, Eighth Edition., Maurice and Thomas
This course is designed to develop a conceptual framework for decision-making and problem-solving skills necessary for career choices in government, non-profit service, or private business. This conceptual framework is developed from a uniquely economic perspective. The purpose of the course is to equip the student with fundamental microeconomic skills applicable to contemporary business decisions, which include production, cost, demand, pricing, and profits.
Students are expected to have read and studied/prepared the material to be covered in each class meeting prior to coming to class. Active participation and discussion are expected. All Students should study basic definitions and concepts.. Clarification and expansion will be presented in class.
Students are expected to attend all class sessions. Effective learning in a quality university requires active involvement of both the student and the teacher. Since students are ultimately responsible for learning and development, both in the classroom and elsewhere, students should anticipate necessary absences and advise the instructor of such absences as far in advance as possible. It is the responsibility of the student to make up for missed work, notes, assignments, and exams due to an absence.
Lectures will be based on textbook material supplemented by outside articles, by the instructor’s experience and training, and by student participation. All lectures, discussions, and textbook material in each assigned chapter are testable. All testable textbook material may not be covered during class.
There will be two regular exams. Examinations will be a combination of objective questions, short problems, and short discussion questions. No student may miss an exam without prior written approval from the instructor. Approval will not be given except for extreme circumstance.
The purpose of the project is to engage the student with the process of empirical estimation. The project will be quantitative and communicative in nature. The project and presentation are required on the date specified in the Course Sequence. Specific instructions will be given when the project is assigned.
Grade Determination:
Exam I 25% 100% > A > 93% 83% > B- > 80%
Exam II 30% 93% > A- > 90% 80% > C > 70%
Project
35%
90% > B+ >
86% 70% > D > 60% Project Critique 10% 86% > B > 83% 60%
> F > 0%
Course Content:
Section I
Sources: Chapters 1, 2, 6.
Requirements: Assignments and Exam I
Project Critique:
Student formed groups will be required to review a project from a previous class. An informal presentation will be made to the class.
Section II
Sources: Chapters 8, 9, 11, 12, 13,(limited reading in chapters).
Requirements: Assignments and Exam II
Section III
Sources: Macroeconomic Issues (resources provided).
Requirements: Assignments
Sources: Chapters 4, 7, supplements and instructor lecture.
Requirements: Assignments, Project, and Presentation
*The instructor reserves the right to make adjustments, as he deems
appropriate.
Course Sequence:
Meeting 1 Mon., August 30
Mon., September 6 No Class
Meeting 2 Mon., September 13
Meeting 3 Mon., September 20
Meeting 4 Mon.,
September 27
Project Critique assigned
Meeting 5 Mon., October
Meeting 8 Mon., October 25
Meeting 9 Mon.,
November
Meeting 11 Mon., November 15
Meeting 13 Mon., November 29
Meeting 14 Mon., December
Meeting 15 Thurs., December 16