MBA 674 Economics for Mgt Decisions
FAP 2009 DL
Ph.D. Economics - Washington University in St. LouisM.A. Economics - Washington University in St. LouisB.A. Economics - University of Missouri Kansas City
August 3, 2009 - December 6, 2009
EC141, EC142, and EC315 (or equivalent approved by Program Director)
Textbook: Textbook: Managerial Economics, 9th edition, McGraw-Hill/Irwin 2008
Author: Thomas, Christopher R. and Maurice, S. Charles
Make sure the Student CD is included.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: Additional Resources: From time to time the online classroom will refer you to additional material that is publicly available on the Internet
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/.Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.Online Classroom Technical Support - For technical assistance with the Online classroom, email firstname.lastname@example.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.FAQ's for Online Students - You might find the answer to your questions here.
Educational Philosophy: Greetings! I'm Dr. Brian Staihr, an economist who works in the telecommunications industry. Glad to have you on board. My educational philosphy is pretty simple:
1) There is no such thing as a dumb question. Ask questions!
2) I expect everyone in the online class to extend the same common courtesy to others that he/she would want to receive. It makes the learning environment better.
3) I will have realistic expectations of you. But understand that sometimes my definiton of "realistic" expectations may be higher than yours. You should take that as a compliment.
4) Homework is sometimes a necessary evil. This is one of those times. There won't be much of it, but there will be some. Homework lets me know how you are doing as we go along.
5) The homework will make the tests much easier.
Instructor Learning Outcomes
IN THIS COURSE YOU RECEIVE POINTS FROM FOUR SOURCES: PARTICIPATION, HOMEWORK, A TEAM PROJECT, AND EXAMS. THIS SECTION DESCRIBES HOW YOU EARN THESE POINTS.
(Overall course policies—including rules regarding deadlines—are described in a section further below.)
Participation: (12 out of 16 weeks)
· IMPORTANT NOTE: You must post your answers to discussion questions or responses to classmates’ answers on two different days during each seven-day week. This means you cannot log on once, answer all the discussion questions and respond to your classmates’ answers all at one sitting. The intent of this requirement is obvious: You must log on (and expose yourself to the material) more often than once a week!
· If postings are not made on two different days 4 points (out of 12) will be deducted from your participation score for that week.
Even More on Discussion Questions (Threaded Discussions): (12 out of 16 weeks)
Homework: (12 out of 16 weeks)
· Your team project for this class is a short paper, approximately 1500-1600 words in length (1500 words is approximately 4 pages double-spaced using 11 point font).
· The paper is due for Week 16, submitted before the deadline on 12/6/09.
· The paper is a written analysis of two related subjects that we have discussed in this class as they apply to a real-world firm and the situation it faces in today’s economy.
· For example, the two related subjects could be a firm’s ability to exercise market power within the context of an oligopoly. You would have to—using real-world information—identify the firm, explain how it exercises market power (including identifying the source of its market power) and how that affects the interaction of competing firms within the oligopoly of which it is a part.
· A team is composed of two people. We will create teams by Week 4.
Midterm / Final Examinations: (Week 4, Week 8, Week 12, Week 16)
Your grade will be based on the following: Discussion questions and responses, homework, team paper, and exams.
Section of Course
Discussion Questions and Responses
· 12 Weeks
· 12 points per week
· (8 points for your answers to discussion questions; 4 points for your responses to others’ answers)
· Total of 144 points
· 12 weeks
· (8 points for proper set up; 4 points for correct answer (this way if you make simple arithmetic mistakes you can still get most of the points)
· Total of 144 Points
First Mid-term Exam (Week of September 7-13)
Second Mid-term Exam (Week of October 5-11)
Third Mid-term Exam (Week of November 2-8)
Team Paper (Week of November 30-December 6)
Final Exam (Week of November 30-December 6)
How to calculate your final grade:
740 points are possible for the course. Grade-weighting is straightforward: 90%-100% is an A; 80% to 89.99% is a B; 70% to 79.99% is a C; 60% to 69.99% is a D; < 60% is an F.
Grading Rubric-Homework, Team Paper, and Exams:
Because much of the material in this course is quantitative grading is very straightforward, and there is virtually zero subjectivity involved.
· The exams questions are multiple-choice. If you answer a multiple-choice question correctly you get points for the question.
· On the team paper, if you correctly identify the two issues and correctly apply them to the firm you are investigating you will receive at least 3/4ths of the points possible.
· On the team paper, if your paper includes spelling errors, punctuation errors, and/or grammatical errors you will lose points. Spelling, punctuation and grammar will be worth a maximum of 1/4th of the points possible.
· On homework, if you solved the problem correctly you will get the points for that problem.
· On homework, if you set up the problem correctly you will get 2/3 of the points for that problem, because knowing how to attack the problem is always more than ½ of the challenge.
· On homework, if you did everything right but made silly arithmetic mistakes—and it happens all the time, to everyone—you will receive at least 80% of the points.
Late Submission of Course Materials: Late Submissions:
E-Mail Procedures and Submitting
Acceptable File Formats:
Classroom Rules of Conduct: Online Etiquette:
Week 1 - 8/17/09 to 8/23/09: Introduction and Demand
Assignments Due by Sunday, August 23 at 11:59 PM (CT):
Week 2 - 8/24/09 to 8/30/09: Demand (cont.), Supply, Equilibrium
Assignments Due by Sunday, August 30 at 11:59 PM (CT):
Week 3 - 8/31/09 to 9/6/09: Marginal Analysis
Assignments Due by Sunday, September 6 at 11:59 PM (CT):
Week 4 - 9/7/09 to 9/13/09: Exam 1
Establish Teams for Team Paper
Week 5 - 9/14/09 to 9/20/09: Regression
Assignments Due by Sunday, September 20 at 11:59 PM (CT):
Week 6 - 9/21/09 to 9/27/09: Consumer Behavior
Assignments Due by Sunday, September 27 at 11:59 PM (CT):
Week 7 - 9/28/09 to 10/4/09: Elasticity
Assignments Due by Sunday, October 4 at 11:59 PM (CT):
Week 8 - 10/5/09 to 10/11/09: Exam 2
Week 9 - 10/12/09 to 10/18/09: Production and Costs (Short Run)
Assignments Due by Sunday, October 18 at 11:59 PM (CT):
Week 10 - 10/19/09 to 10/25/09: Production and Costs (Long Run)
Assignments Due by Sunday, 11:59 PM (CT):
Week 11 - 10/26/09 to 11/1/09: Competitive Markets
Assignments Due by Sunday, November 1 at 11:59 PM (CT):
Week 12 - 11/2/09 to 11/8/09: Exam 3
Week 13 - 11/9/09 to 11/15/09: Market Power
Assignments Due by Sunday, November 15 at 11:59 PM (CT):
Week 14 - 11/16/09 to 11/22/09: Oligopoly and Game Theory
Assignments Due by Sunday, November 22 at 11:59 PM (CT):
Week 15 - 11/23/09 to 11/29/09: Strategic Pricing & Price Discrimination
Assignments Due by Sunday, November 29 at 11:59 PM (CT):
Week 16 - 11/30/09 to 12/6/09: Final Exam
Turn in Team Paper
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Park University 2009-2010 Graduate Catalog Page 31-32
Professors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2009-2010 Graduate Catalog Page 35
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Last Updated:8/1/2009 1:40:19 PM