SYLLABUS
MANAGERIAL
ECONOMICS
THREE CREDIT HOURS
Anderson-AUFC campus
January 17 – April 30
Instructor: Dr. Terry C. Truitt Office Fax: 765-641-4356
Office: Hardacre
101,
Office Phone: 765-641-4354 Office Email: tctruitt@anderson.edu
Managerial Economics, Ninth 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 economic skills applicable to contemporary business decisions, which include production, cost, demand, pricing, and profits. The successful student should have a strong understanding of market characteristics, an encompassing understanding of micro and macro market forces, and a fundamental, hands-on understanding of regression technical analysis.
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. The pace of the class will not be slowed for ill-prepared students. Basic definitions and concepts are expected to be studied by the student. Clarification and expansion will be presented in class.
Students are expected to attend all class sessions. Effective learning at 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 three 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 its presentation) is required on the date specified in the Course Sequence. Specific instructions will be given when the project is assigned.
Students having special problems that might affect their performance in class should notify the instructor during the first week of school.
Grade Determination:
100% > A > 93% Exam
I 25%
93% > A- > 90% Exam
II 25%
90% > B+ > 86% Exam
III 20%
86% > B > 83% Project 30%
83% > B- > 80% Total 100%
80% > C > 70%
70% > D > 60%
60% > F > 0%
Course Content:
Section I
Sources: Chapters 1, 2, and 6.
Requirements: Assignments and Exam I
Section II
Sources: Chapters 8, 9, 11, 12, and 13 (very limited coverage).
Requirements: Assignments and Exam II
Section III
Sources: Macroeconomic Issues (resources provided).
Requirements: Assignments and Exam III
Sources: Chapters 4 and 7; supplements; and instructor lecture.
Requirements: Assignments, Project, and Presentation
Course Sequence:
Meeting 1 January 17 Section I material
Meeting 2 January 24 Section I material
Meeting 3 January 31 Section I material
Meeting 4 February 7 Exam I
Meeting 5 February 14 Section II material
Meeting 7 February 28 Section II material
Meeting 8 March 5 Exam II
Meeting 9 March 20 Section III material
Meeting 10 March
27 Section
III material
Meeting 11 April 3 Section III material
Meeting 13 April 17 Section IV material
Meeting 14 April 24 Section IV material
Meeting 15 April 30 Project Presentations
*The instructor reserves the right to make adjustments, as deemed appropriate.