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MBA 674 Economics for Mgt Decisions
Ellis, Lana J.


Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.

Course

MBA 674 Economics for Mgt Decisions

Semester

SPP 2011 DL

Faculty

Ellis, Lana J.

Title

Adjunct Faculty

Degrees/Certificates

Ph.D., University of Missouri-Kansas City
J.D., Seattle University School of Law
M.B.A., Rockhurst University

Daytime Phone

913-787-4644

E-Mail

lana.ellis@park.edu

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:
Managerial Economics, 10th edition, by Christopher R. Thomas and S. Charles Maurice, McGraw-Hill/Irwin 2008. ISBN: 978-0-07-337591-5.  

Additional Resources:
Internet Sources - 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 helpdesk@park.edu or call 800-927-3024
Resources 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 helpdesk@parkonline.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.


Course Description:
This course covers the concepts, tools, and methods of economic analysis relevant to decision-making occurring within and across firms, with emphasis on the economic way of approaching business decisions. Attention is given to the analysis of factors determining market demand and supply, as well as factors affecting short- and long-run production output and costs, strategic pricing policy in the presence of market power, and interaction among firms operating within various market structures.

Educational Philosophy:
I believe that education is an interactive process in which my role is to help guide students as they develop substantive knowledge and critical thinking skills. In addition to developing substantive knowledge and skills, homework assignments let me know how the class is doing as we go along so I can better assist students in learning the material. I am available to provide additional assistance and to answer any questions that you have. 

Learning Outcomes:
  Core Learning Outcomes

  1. Integrate economic and statistical theory to solve practical business-oriented problems.
  2. Apply, through the use of Excel and/or SPSS software programs, the principles of Regression Analysis and analyze regression coefficients.
  3. Apply, with assistance of Excel software, Linear Programming principles to solve business oriented problems.
  4. Apply the principles of the multiple-regression research model to develop a written proposal on a topic chosen through group collaboration.
  5. Analyze and evaluate the statistical significance of regression results, including the t, R2, and Durbin-Watson statistics, and incorporate the findings in a written formal report for the regression model.
  6. Demonstrate effective communications skills through an oral and/or technology assisted presentation of the group term project proposal and the final report.


Core Assessment:

Class Assessment:

Course Activities to Meet Objectives:

Important Note: Please be sure to read all announcements that are posted. They will contain information that will help you succeed in this course.

In this course you receive points from four sources: Participation, Homework, a Team Project and Exams. This section describes how you earn these ponts. 

Overall course policies—including rules regarding deadlines—are described in a section further below.

Participation: (12 out of 16 weeks)

  • Participation points are a significant part of your grade.  To receive full participation credit you will be expected to do the following each week:
    • Provide a “substantive” answer to each discussion question posted.  (Discussion questions are described in more detail below.)
      • What is a “substantive” answer?  It is a well-thought-out response that answers a question completely.  It may cite other material or sources or it may not.  It also explains “why” or “why not”.  It is written in complete sentences wit correct grammar.
      • You do not have to write a novel.  Length is not important, but there must be evidence that you have actually thought about the question. 
    • Provide a substantive comment, observation, reply or argument to two (2) of your classmates’ answers to either of the discussion questions for that week. 
      • Simply stating “I agree” does not constitute a substantive answer!
      • I am looking for a total of 2 responses, not 2 responses to 2 students (which would be four responses).
      • You can respond to 2 different classmates.  For example, you can comment on “Susan Smith’s” answer to discussion question #1 and to “John Jones’” answer to discussion question #2.   
  • 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! 
  • One way you might want to do this: Answer the discussions questions, then come back the next day (or two days later) and respond to others’ answers.  That way there should be several answers to which you can respond.  It is fine to respond to another student’s post that already has one (or more) responses to it.
  • 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)

  • Every week discussion questions will be posted that require your active response and participation.
  • Responses should be long enough to thoroughly answer the questions or problems. Any outside sources that you reference must be cited accordingly.
  • Do not copy and paste an entire article or web page.  Provide a link, and/or summarize important points and cite accordingly.
  • Substantive and high value postings are expected.  Please check for grammar and spelling before posting your message. 
  • You must answer all discussion questions and, as described above, respond to at least two of your classmates’ answers to discussion questions.
  • There is nothing wrong with using examples or expressing an opinion in your answers.  However, to receive full credit the examples must be accurate and appropriate and opinions must be supported by facts and reasonable explanations.   

Homework:  (12 out of 16 weeks) 

  • Each week (except exam weeks) you will have a homework assignment.  This will take the form of solving problems similar to those found in your text.
  • Please manage your time effectively so you can complete the homework assignments on time.  See the “Policies” section below regarding submission deadlines and late submissions.
  • Refer to week's Homework tab in the course menu for additional instructions.
  • Homework assignments must be submitted via Dropbox
  • No Homework is to be emailed.  All homework assignments must be submitted via Dropbox.  (Yes, that has already been said once; it is being said again (in BOLD) to make sure everyone understands.)
  • Please refer to Course Policies regarding acceptable file format, labeling, and penalty for submitting the assignments late.

Team Project 

  • 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)

  • You will have four exams: three midterm exams and one final.  The final is not comprehensive in the standard sense but because all material builds on itself you will need to remember the concepts you used in previous exams and homework assignments.
  • The exams will be based on the chapter readings and homework problems.  They will reflect problems similar to the homework, as well as short answer questions.
  • You'll have one week to complete each midterm examination as well as the final (Monday through Sunday).
  • The exams are completed online.  It is expected that each student completes the exam on his or her own, without receiving assistance from any other person.
  • Final Examination does NOT need to be proctored.

Grading:

Discussion Participation                        144 points (12 x 12 points each)
Homework Assignments                        144 points (12 x 12 points each)
Team Project                                         80 points (4 x 10 points each)
First Mid-term Exams                             87 points
Second Mid-term Exams                        90 points
Third Mid-term Exams                            93 points
Final Exam                                          102 points

Total                                                    740 points
 
GRADING SCALE:
A   100 to 90
B    89 to 80
C    79 to 70
D    69 to 60
F    59 and Below
 

Late Submission of Course Materials:
Assignments must be submitted during the week they are due in order for students to receive credit. I do not grant incomplete grades except in exceptional circumstances such as family, medical or legal emergencies. These emergencies must be documented.

Classroom Rules of Conduct:

I expect everyone in the online class to extend the same respect and common courtesy to others that he/she would want to receive.  It makes the learning environment better. 

Please e-mail your questions to my Park University e-mail address: lana.ellis@park.edu. Providing a specific subject line in your e-mail will help you get a faster response. I check my e-mail frequently, but I receive many e-mails that require responses.  I will respond to course-related questions within 48 hours–unless I notify you previously that I will be unavailable. I will post all substantive questions along with my answers on line for the benefit of the entire class.

Course Topic/Dates/Assignments:

 

Week

Date

Topics/Assignments

1

Monday, January 11, 2011 –Sunday, January 17, 2011

Topics: Introduction and Demand

Activities:

Introduce yourself to me and to the rest of the class. See “Introductions” on the course tab

Read the posting under “Lecture”

View the Week 1 PowerPoints

Read Chapter 1 and Chapter 2 of Thomas/Maurice through page 45 (stop when you hit Section 2.2 “Supply”)

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments Due by 11:59 PM (CST) Sunday, January 17.

2

Monday, January 18, 2011 – Sunday, January 24, 2011

Topics: Demand (cont.), Supply, Equilibrium

Activities:

Read the Week 2 posting under “Lecture”

View the Week 2 PowerPoint

Read the remainder of Chapter 2 of Thomas/Maurice, from Section 2.2 through page 74.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments Due by 11:59 PM (CST) Sunday, January 24.

3

Monday, January 25, 2011 – Sunday, January 31, 2011

Activities:

Read the Week 3 posting under “Lecture”

View the Week 3 PowerPoint

Read all of Chapter 3 of Thomas/Maurice, from page 82 through page 117.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments Due by 11:59 PM (CST) Sunday, January 31.

4

Monday, February 1, 2011 – Sunday, February 7, 2011

Topics: Demand, Supply, Equilibrium, Marginal Analysis

Assignments Due by 11:59 pm on Sunday:

Establish teams for Team Paper

Complete the Exam for Week 4

Examination Due by 11:59 PM (CST) Sunday, February 7.

5

Monday, February 8, 2011 – Sunday, February 14, 2011

Topics: Regression

Activities:

Read the Week 5 posting under “Lecture”

View the Week 5 PowerPoint

Read all of Chapter 4 of Thomas/Maurice, from page 118 through page 155.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, February 14.

6

Monday, February 15, 2011 – Sunday, February 21, 2011

Topics: Consumer Behavior

 Activities:

Read the Week 6 posting under “Lecture”

View the Week 6 PowerPoint

Read all of Chapter 5 of Thomas/Maurice, from page 158 through page 203.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, February 21.

7

Monday, February 22, 2011 – Sunday, February 28, 2011

Topics: Elasticity

Activities:

Read the Week 7 posting under “Lecture”

View the Week 7 PowerPoint

Read all of Chapter 6 of Thomas/Maurice, from page 204 through page 242.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, February 28.

8

Monday, March 1, 2011 – Sunday, March 7, 2011

Topics: Regression, Consumer Behavior, Elasticity

Assignments Due by 11:59 pm on Sunday:

Complete the Exam for Week 8

Examination due by 11:59 PM (CST) Sunday, March 7.

9

Monday, March 15, 2011 – Sunday, March 21, 2011

Topics: Short Run Production & Costs

Activities:

Read the Week 9 posting under “Lecture”

View the Week 9 PowerPoint

Read all of Chapter 8 of Thomas/Maurice, from page 286 through page 318.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab.  Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, March 21.

10

Monday, March 22, 2011 – Sunday, March 28, 2011

Topics: Long Run Production and Costs

Activities:

Read the Week 10 posting under “Lecture”

View the Week 10 PowerPoint

Read all of Chapter 9 of Thomas/Maurice, from page 319 through page 366.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, March 28.

11

Monday, March 29, 2011 – Sunday, April 4, 2011

Topics: Competitive Markets

Activities:

Read the Week 11 posting under “Lecture”

View the Week 11 PowerPoint

Read all of Chapter 11 of Thomas/Maurice, from page 394 through page 444.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, April 4.

12

Monday, April 5, 2011 – Sunday, April 11, 2011

Topics: Production and Costs, Competitive Markets

Assignments Due by 11:59 pm on Sunday:

Complete the Exam for Week 12

Examination due by 11:59 PM (CST) Sunday, April 11.

13

Monday, April 12, 2011 – Sunday, April 18, 2011

Topics: Market Power

Activities:

Read the Week 13 posting under “Lecture”

View the Week 13 PowerPoint

Read all of Chapter 12 of Thomas/Maurice, from page 445 through page 498.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, Apil 18.

14

Monday, April 19, 2011 – Sunday, April 25, 2011

Topics: Oligopoly and Game Theory

Activities:

Read the Week 14 posting under “Lecture”

View the Week 14 PowerPoint

Read all of Chapter 13 of Thomas/Maurice, from page 499 through page 560.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, April 25.

15

Monday, April 26, 2011 – Sunday, May 2, 2011

Topics: Strategic Pricing and Price Discrimination

Activities:

Read the Week 15 posting under “Lecture”

View the Week 15 PowerPoint

Read all of Chapter 14 of Thomas/Maurice, from page 562 through page 613.

Assignments Due by 11:59 pm on Sunday:

Answer the discussion question listed under “Discussion” on the course tab

Respond to two (2) of your classmates’ answers to the discussion questions

Complete the homework listed under “Homework” on the course tab. Deposit the competed homework in the Dropbox.

Assignments due by 11:59 PM (CST) Sunday, May 2.

16

Monday, May 3, 2011 – Sunday, May 9, 2011

Topics: Market Power, Oligopoly, Game Theory, Strategic Pricing and Price Discrimination.

Assignments Due by 11:59 pm on Sunday:

Submit Team Paper

Complete the Exam for Week 16

Examination and Team Paper due by 11:59 PM (CST) Sunday, May 9.

Please note that the assignments and topics are subject to change. You will be notified one week in advance if a change is required.

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2010-2011 Graduate Catalog Page 20

Plagiarism:

Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2010-2011 Graduate Catalog Page 20


Attendance Policy:

Instructors 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 2010-2011 Graduate Catalog Page 24

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 .

Copyright:

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Last Updated:12/21/2010 7:46:19 AM