SYLLABUS
BSNS 6130
MANAGERIAL ECONOMICS
3 CREDIT HOURS
SEMESTER I, 2008-2009
KENT SAUNDERS
GENERAL INFORMATION
WHEN: Tuesdays and Thursdays
WHERE: Lawrence Central High School
COURSE OBJECTIVE:
This course will consider the application of economic analysis to business decision-making. At the completion of this course you should have developed: problem-solving skills, management skills and an informed concern about contemporary social issues. Specifically, at the completion of this course you should be able to:
Estimate a mathematical equation for demand and cost curves using linear regression applications in Excel.
Use mathematical equations to forecast demand and costs.
Use mathematical equations and graphs to identify profit maximizing levels of production and the price.
Use mathematical equations and graphs to identify the equilibrium price and level of production.
Additionally, at the completion of this course you should have an increased ability to communicate in oral and written form, work in teams and conduct research.
INSTRUCTOR: Dr. Kent Saunders
OFFICE: Hardacre Hall 216
PHONE: 641-4396
E-MAIL: ktsaunders@anderson.edu
OFFICE HOURS: 12:15 pm to 2:15 pm Monday through Friday
Other times are also possible by appointment.
PREREQUISITES: An undergraduate principles/introductory level microeconomics course.
TEXTBOOKS: Managerial Economics by Maurice/Thomas 9th ed.
[Irwin]
POLICIES
ATTENDANCE: You are expected to attend each class session. In the event that you miss a class session, it is your responsibility to collect any items handed out in class. Absences generally reduce quiz and exam performance.
LATE WORK: In special circumstances you will be allowed to take a quiz or test late. Whether or not you will be permitted to take a quiz or test late will be determined on a case-by-case basis. There is no penalty associated with taking a quiz or test early.
CHEATING: Submit work and answers to questions that are your own. Be the type of person that God wants you to be. Do not copy another person's work on anything that is turned in for an individual grade. Do not plagiarize. Anyone caught cheating on anything that is turned in for an individual grade will receive a double 0 for that assignment and may face disciplinary action.
SYLLABUS CHANGES AND CLASS CANCELLATION: I reserve the right to make changes in this syllabus. If I am fifteen (15) minutes late for a class, the class is officially canceled. You should return the next class period prepared with the material and assignments due for the canceled class as well as prepared for the additional material scheduled on the syllabus.
SPECIAL NEEDS: Students having special problems that might
affect their performance in class should notify me during the first week of
school. Possible arrangements can be made to work with the
COURSE CONTENT
|
COURSE GRADE: |
Debate Participation |
100 points |
|
GRADE CUT-OFFS: |
A |
465-500 |
|
C+ |
385-399 |
|
|
Quizzes |
50 points |
|
|
A- |
450-464 |
|
C |
350-384 |
|
|
Mid-term Exam |
175 points |
|
|
B+ |
435-449 |
|
D |
300-349 |
|
|
Final Exam |
175 points |
|
|
B |
415-434 |
|
F |
0-299 |
|
|
|
|
|
|
B- |
400-414 |
|
|
|
DEBATE PRESENTATIONS:
The class will be split up into 5 debate presentation teams. You will get to select your own group. I would encourage you to develop a sense of joint responsibility and group cohesion.
Each team will present support for the “Yes” side of the question, the “No” side of the question, and the team’s conclusion to the debate question (i.e. yes or no). The presentations should last for no longer than 15 minutes.
Presentation grades will be determined with class input and will be based on: coverage of the material, creativity, transition of topics and use of visual aids on a group basis and accuracy, knowledge, professionalism, and speaking ability on an individual basis. At the completion of the presentation each student will complete a performance evaluation for all group members. It is possible that not everyone in the group will get the same score. The debate presentation makes up 100 points of your overall grade.
Debate question 1: Do Unskilled Immigrants Hurt the American Economy?
Debate question 2: Should we abolish the minimum wage?
Debate question 3: Did NAFTA benefit the U.S. economy?
Debate question 4: Are CEOs Paid What They Are Worth?
Debate question 5: Are Credit Card Companies Exploiting American Consumers?
QUIZZES: You will have 2 quizzes throughout the semester. Each quiz will be graded on a 25-point scale. You may bring a non-programmable calculator with you to the quizzes. Late quizzes will only be given in special circumstances. Your quiz grades as a whole make up 50 points of your overall grade.
EXAMS: You will take a mid-term and a final exam. Each exam will have a take-home portion and an in-class portion. You may bring one eight-and-a-half-by-eleven inch cheat sheet of paper with you to the in-class portion of the exams. The sheet should be handwritten and on 1 side only. You may bring a non-programmable calculator with you to the in-class portion of the exams. Each exam is worth 175 points toward your overall grade. Make up exams will only be given in special circumstances. If you get an “A” on an exam you will get an economics trading card!
DAILY SCHEDULE
BIBLE PASSAGES: Many class sessions will begin with the reading of a Bible passage. You are encouraged to read and/or discuss the Bible passages throughout the semester. The Bible passages are listed below. The daily schedule outlines when these passages will be read and discussed.