EC 404 Managerial Economics
FA 2007 HOZ
Soule, Peter E.
Professor of Economics and Chair of Economics Department
Monday and Wednesday: 10:00-12:00 am & 4:30-5:30 pm
EC315 and CS140
A. Ragsdale, Spreadsheet Modeling and Decision Analysis, 5th ed. Southwestern 2007. ISBN 0-324-31256-3
B. Soule, Peter, Guide to Quantitative Research Methods Using SPSS Version 14.0 and Microsoft Excel ISBN 978-007-339687-3 McGraw-Hill 7th ed. 2008. This is referred to below as "GUIDE."
C. Hacker, Diana. Rules for Writers or other APA style manual.
D. MS PowerPoint (PPT) The text comes with a CD-ROM that has PPT summaries of the chapters along with Excel work sheets for the problems.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.Career Counseling - The Career Development Center (CDC) provides services for all stages of career development. The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email email@example.com or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
The purpose of this course is to educate, which requires two things to happen. The teacher must teach or facilitate learning and the student must learn the required materials. This requires feed back to the instructor on how the student is learning. This feedback occurs in written work and classroom discussion.
It is preferred that students ask questions during class as they arise. Often, a student will approach the instructor after class with a question that brings up a very important point that should have been addressed during class but the class is out the door. This is especially true with perceived calculation errors on the part of the instructor, which were placed on the black (or white) board and are therefore in everyone’s notes. If there was an error, it will be corrected. If not, there was confusion not only on the part of the student asking the question, but also others in the class, who saw the same apparent error but didn’t ask about it. Obviously, this calls for additional clarification on the part of the instructor. No question is dumb and no student will be belittled for asking a question or making a comment.
The homework is intended to assess what students know and what they don’t. Perfection is not expected and the grading is somewhat inflated. Homework is graded based on effort while tests and papers are graded on achievement. If the student indicates a near total lack of understanding of assigned homework, the grading will become more realistic so that the student is not lulled into a false sense of mastery just before the test boom gets lowered. A second area where grading is benign is the Initial Topic Paper of the Term Project. It is expected that some student groups will have more difficulty absorbing the concepts of the Initial Topic Paper. However, it is still true that perfect or near-perfect homework and Initial Topic Papers will earn higher scores than less perfect ones.
Learning Outcomes: Core Learning Outcomes
Tests are fixed per the schedule below. Class material will be presented in the order shown below but will deviate from the schedule as necessary.
(Wk) Date Topic(s) Text Chapter
(1) Aug 22 Intro to Regression GUIDE, pp 1-5, 7-9, 101-110, 119-129, Chapter 13
(2) Aug 29 Excel Regression GUIDE Chapter 10
(3) Sep 5 Conducting Regression Analysis GUIDE Chapter 11
(4) Sep 12 Statistical Significance and Excel GUIDE Chapter 12
(Project Topic and Feasibility Paper Due) GUIDE Chapter 13
(5) Sep 19 LinearProgramming Ragsdale 2, 3.0-3.7, 4.0-4.5.9
(6) Sep 26 TEST 1
LP Applications Ragsdale 3
(7) Oct 3 LP Applications continued Ragsdale 3
(8) Oct 10 Network Modeling Ragsdale 5
(9) Oct 24 Network Modeling continued Ragsdale 5
(10) Oct 31 Integer Linear Programming Ragsdale 6
(Term Project Proposal Due) Guide Chapter 14
(11) Nov 7 TEST 2
Time Series Forecasting Ragsdale 11
(12) Nov 14 Goal Programming and Multiple Objective Optimization Ragsdale 7
(Term Project Report Due) Guide Chapter 15
(13) Nov 21 Goal Programming and Multiple Objective Optimization Ragsdale 7
(14) Nov 28 Nonlinear Programming Ragsdale 8
(15) Dec 5 Term Project Oral Presentations Guide Chapter 16
(16) Dec 12 FINAL TEST All Previous References
Grading Plan: A: 90% and up. B: 80-89%. C: 70-79%. D: 60-69%. F: below 60%.
Evaluation Item Points
Homework and Case Studies 120
Project Topic and Feasibility Paper 50
Test 1 130
Term Project Written Proposal 100
Test 2 130
Term Project Written Report 100
Term Project Presentation 70
Final Exam 300
The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.
All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.
HOMEWORK: Completed homework is collected at the beginning of the class on the day it is due. After that time, up to the point at which the solution is distributed, the maximum homework grade will be 50%. Typically, the homework solution is distributed when homework is returned. After this point LATE HOMEWORK CAN EARN NOT MORE THAN 20% CREDIT.
A student, who misses an exam, is allowed to make it up if their absence was excused before the test or is a genuine emergency. The makeup test will have a different problem section and will include subjects covered since the exam that was missed.
Classroom Rules of Conduct:
E-MAIL TO INSTRUCTOR: Always use the following subject line: EC604, First-Name, Last-Name, and (short) subject. If you leave a message by voice mail or any other means be sure to include this information.
CELL PHONES and PAGERS. Turn off cell phones and pagers before class. Any one, who has a vital need for such devices during class, must discuss this with instructor before class. In this situation, if device has a vibrate mode, it must be used. The student must leave the room to take any message. Cell phones cannot be used during tests.
GRADING OF GROUP PROJECTS. The individual student’s grade will generally be the group grade unless there is evidence that a student is not sharing in the group effort, the student is absent, or is not paying attention to other presentations.
Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University 2007-2008 Undergraduate Catalog Page 85-86
Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2007-2008 Undergraduate Catalog Page 85
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2007-2008 Undergraduate Catalog Page 87-88
Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:8/13/2007 12:46:13 AM