Managerial Economics

SYLLABUS

MBA 531
Managerial Economics
Fall 2003
Instructor: S. Atri

Office: 431A, Mahar
E-mail: atri@oswego.edu
URL: http://www.oswego.edu/~atri/
Office Hours: Tuesday and Thursday - 4:00- 5:00
                    Wednesday - 2:00 - 3:30  (and by appointment)

COURSE OBJECTIVE:  In today's dynamic economic environment, effective managerial decision
making requires timely and efficient use of information.  The purpose of this course is to provide students with a basic understanding of the economic theory and analytical tools that can be used in decision making problems. Students who successfully complete the course will have a good understanding of economic concepts and tools that have direct managerial applications.The course will sharpen their analytical skills through integrating their knowledge of the economic theory with decision making techniques. Students will learn to use economic models to isolate the relevant elements of a managerial problem, identify their relationships, and formulate them into a managerial model to which decision making tools can be applied. Among the topics covered in the course are: price determination in alternative market structures, demand theory, production and cost functions, and decision making under uncertainty. In addition, the course will provide a basic introduction to econometric analysis and its role in managerial decision making.

TEXTBOOK
Mark Hirschey, Managerial Economics, 10th edition, Thomson/South-Western College Publishing: 2003

COURSE REQUIREMENTS: In addition to in-class exams and homework assignments, each student will undertake a short econometric project. In this project, students will use regression methods of analysis to examine an econometric model they themselves will construct to address a topic of their interest. Students will be directed to use the library as well as the Internet resources to obtain the required data. Students will use hypothesis testing techniques and other standard statistical tests to evaluate their regression results. They will be required to report the results of their analyses in the form of a term paper. The paper will be due one week before the last meeting of the semester. Further instructions about the course project will be given in class.

The final grade in the course will be determined according to the following weights:
 

• Project                           20%
• Midterm exam                25%
• Other assignments           20%
• Final exam                      35%

Exam Schedule:
• ........Midterm.....................October 27
• ........Final...........................December 15
• ........Project due date....... .December 1

Note: Students who have a disabling condition which might interfere with their ability to successfully complete this course are
encouraged to speak, confidentially, to the class instructor, or to contact the Office of Disability Services

ATTENDANCE POLICY
Students are required to attend classes regularly and actively participate in all classroom activities. All class assignments must be handed in on time. Students may submit their class assignments by email only when they are so instructed or permitted by the instructor. Make-up tests are given only when a student misses a test as a result of a professionally diagnosed and treated illness and other verified extenuating circumstances. Make-up tests may or may not have the same format as the scheduled tests.