Managerial Economics Office: Purnell 333C
Winter 2000 E-mail: massey@udel.edu
www.udel.edu/Economics/massey phone number: 831-6432
Prerequisite:
You must have taken
and passed ECON 151 and STAT 201. If you have not take these courses
please see me. You should be familiar with algebra, simple calculus,
and some statistics. It will also be very helpful to review your
ECON 151 notes since this class is an extension of introductory microeconomics.
This course is not for economics majors. Also be aware that credit
may be earned for only one of ECON 251, ECON 300, or ECON 301.
Course Description and Objectives:
This course looks
at the application of economic theory to business and managerial decision
making. This includes the theory of demand, production and costs,
pricing strategies, market structure, game theory, and long-term planning
decisions.
Course Textbook:
Managerial Economics
In A Global Economy, 3rd Edition. Dominick Salvatore (Required)
Office Hours:
Monday, Friday: 11:00
- 11:30am
Tuesday, Wednesday,
Thursday: 10:30-11:30am
Or Any Other Time
By Appointment
Course Grade Determination:
Problem Sets: 15%
2 Midterm Exams at
25% each
Final Exam: 30%
Class participation
and attendance: 5%
Tentative Exam Dates:
First Midterm:
Jan 14th
Second Midterm:
Jan 27th
Final: Feb.
5th
Tentative Course Outline:
Chapter 1: Introduction
to Managerial Economics
Chapter 2: Math
Review
Appendix to Chapter
2: Math Review
Chapter 3: Demand
Theory
Chapter 4: Demand
Estimation
Chapter 6: Production
Theory and Estimation
Chapter 7: Cost
Theory and Estimation
Chapter 9: Market
Structure
Chapter 10:
Oligopoly and Strategic Behavior
Chapter 11:
Pricing Practices
Chapter 13:
Risk Analysis
Chapter 14:
Long-Run Investment Decisions
Other Notes:
1. Attendance is mandatory
and expected.
2. When in class please
stay until the end of the lecture.
3. If you miss a class,
you
are responsible for all assignments, notes, and materials given that day.
4. All assignments
are to be turned in on the day they are due. Any late assignments without
a University recognized excuse (see Student Handbook) will automatically
start at 50% credit. No late assignments will be accepted without a University
recognized excuse after the assignment has been returned to the class.
All out of class assignment will be available on the class website.
5. Missed exams may
only be made up with a university recognized excuse. No exception.
6. Cheating will not
be tolerated. Confirmed cases of academic dishonesty will be fully pursued
through University regulations (see Student Handbook).
