BUSI606Spring2012SyllabusWednesday

BUSI606Spring2012SyllabusWednesday - Business 606...

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Business 606 Managerial Economics Fall 2012 Section 2974 Professor Bernard McSherry Time: Blended Course: meets alternate Wednesdays 6:00 PM – 8:40 PM In-Class Meetings: 1/18, 2/1, 2/15, 2/29, 3/21, 4/4, 4/18, 5/2 Classroom: Harbor 205 Instructor: Professor Bernard McSherry Office: P 433 Phone: 200- 201- 2529 Email: bmcsherry@njcu.edu Office Hours: Monday 3:30- 5:30PM During weeks in which class meets: At Harborside Wednesday 4:00 – 6:00PM Thursday 4:00- 6:00 PM Or by Appointment Required Materials: , (2010 7 th Edition), Michael R. Baye, ISBN-13: 978-007-3375960 A financial calculator such as Tl BAII Plus is strongly recommended Course Description: The course Managerial Economics applies economic theory and models such as supply and demand, optimization, elasticity and regression analysis to business decision-making within the firm or the organization. Students learn how economic forces affect output, pricing, demand estimation and market forecasting, and how to make profitable decisions to achieve the goals of the firm. Course Objective: This course intends to show the student the practical aspects of profitable decision making as a manager, subject to the constraints of the firm. It gives the student an informed perspective of how managerial decisions are made in the context of global economic developments and how such developments impact the firm. Learning Outcomes: The student will be able to apply the knowledge received in the classroom to practical cases using economic models and mathematical solutions. 1) The student will be able to formulate and answer questions regarding economic theory in relation to business decision-making in pursuit of the profit oriented goals of the firm. 2) The student will be able to compare and contrast different optimization tools and techniques using spreadsheet analysis and linear programming. 3) The student will be able to apply regression analysis models and techniques to solve forecasting and other problems. 4) The student will develop forecasting techniques to set marketing goals, to estimate demand and to set criteria for evaluating firm performance. Blended Course Ground Rules: Class will meet on alternate Wednesdays beginning Jan 18, 2012. Each class week will run from 12:01 AM Wednesday until 11:59 PM Tuesday . All weekly assignments for weeks when class is not in session must be electronically submitted by the time indicated on the weekly schedule
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Grade Weighting: In-class Participation 10% Thread Discussions 18% Homework 12% Context Report 15% Midterm Exam 20% Final Exam 25% Explanation of Responsibilities: In-class Participation: In order to maximize the quality of the learning environment, students are expected to actively participate in all class discussions. Students will be graded on both class attendance and quality of interaction. Thread Discussions:
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BUSI606Spring2012SyllabusWednesday - Business 606...

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