Managerial Economics Syllabus

I. Course:  Managerial Economics  (51-601-60)

II. Instructor:  Dr. Richard F. Bieker
                            Room 220
                            Price Building
                            Phone:  (302)739-3526
                            e-mail:  rbieker@dsc.edu

III. Office Hours:
 
 

M	W	R	F
11:00 a.m.- 12:00 p.m.	11:00 a.m.- 12:00 p.m.	11:30 a.m.-   1:30 p.m.   5:00 p.m.-   6:00 p.m.	11:00 a.m. 12:00 p.m.

IV. Required Text:    Paul G. Keat and Phillip K.Y. Young, Managerial Economics, Prentice-Hall.

  V. Course Description

        Applied Microeconomics theory of the firm.  Economic concepts covered include demand analysis,
            production and cost analysis, linear programming applications, pricing policies and regulation of
            the firm.
 
 

VI. Course Objectives

            The objectives of this course are to:

            1.    Provide the student with an understanding of how a market economy functions.
            2.    Provide the student with an understanding of the theory of product demand.
            3.    Provide the student with an understanding of alternative techniques of estimating demand.
            4.    Provide the student with an understanding of the uses of forecasting techniques.
            5.    Provide the student with an understanding of linear programming techniques.
            6.    Provide the student with an understanding of of the theory of production and cost.
            7.    Provide the student with an understanding of estimating cost functions.
            8.    Provide the student with an understanding of alternative market structures and pricing practices.
 

 VII. Prerequisites

         Common Body of Knowledge Requirement in Economics.

VIII. Method of Instruction

            The method of instruction will be primarily lecture with class discussion.

 IX. Evaluation

            Student performance will be evaluated as follows:

                    Examination 1.......................................45%
                    Examination 2.......................................45%
                    Class Participation..............................10%
 
 

  X. Tentative Course Outline and Class Assignments
 
 

XI. Bibliography

        An excellent list of selected readings is contained at the end of each chapter of the Keat and Phillips text.
        To gain a more thorough understanding of the topics covered in this course, students should read one or
        more of the selections at the end of each assigned chapter.

XI. Schedule of Classes