MBA 674 Quantitative Analysis for Management Decisions
SPP 2012 MB
Soule, Peter E.
Professor of Economics
Mackay Room 27A
Monday 9:00 am - 12:00 noon and Wednesday 3:00 - 6:00 pm
816-584-6301 (Do not leave message)
Cell: 913-486-5649 (Best way to contact me other than email)
January 18 - May 9, 2012
6:00 - 8:30 PM
EC315 and CS140
Textbooks can be purchased through the Parkville Bookstore
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Educational Philosophy: 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 student will be belittled for asking a question or making a comment.
Learning Outcomes: Core Learning Outcomes
Class Assessment: HOMEWORK: Homework is graded liberally and solution copies are provided to students. The primary purpose of homework is to give feedback to the students and the instructor as to what learning has taken place. Successful mastery of homework is necessary preparation for the test(s). Any questions on the homework problems need to be resolved prior to the subsequent test.
TEST INFORMATION: Tests will primarily involve problem solving but may also have multiple choice and/or short answer sections. The problems will be similar to those presented in class and provided in the homework assignments. All tests will be closed Textbook and closed-notes. Statistical tables which are handed out in class will be attached to tests as necessary. Test 2 will focus on material presented after the previous Test. The final exam will be comprehensive.
TERM PROJECT. The class will be divided into two person groups that will work together outside of class on their term project. There are three aspects to this project.
1. The TOPIC AND FEASIBILITY PAPER involves proposing a regression model which must relate to some aspect of managerial economics. This paper must be accompanied by current (latest available) data that will be used in the regression. Do not conduct the regression at this point. It is advisable to discuss the proposed model with the instructor prior to submitting this paper. Use cross-section or time-series data. Do not use “pooled” cross-section and time-series data. This requirement will be reported in a MS Word file and an Excel file (for the data).
2. The PROPOSAL PAPER is a written report using the APA format for in-text citations and the References page. It is written after acceptance by the instructor of the Topic and Feasibility Paper. The Proposal is a formal paper explaining why each of the independent variables was chosen and the expected relationship of each of them to the dependent variable. It does not include regression data or output.
The first step in researching a full formal quantitative research paper is to do a survey of the literature. That survey of the literature summarizes all previous studies in the area of the intended research project. We will skip this step but this project will require that the relationship between the independent variables and the dependent variable be based on previous research. The proposal requires a "Sez who" citation for each independent variable that links it to the dependent variable. These references cite someone else who, in print, said your independent variables are important to your dependent variable. The only sources that cannot be used for the “Sez Who” citations are encyclopedias of any sort, including the Wikipedia, and dictionaries. Often, text books are good sources because they are full of definitions of relationships. The Proposal must have APA format, in-text citations for the “Sez Who” sources and the data sources. The Proposal is submitted in a MS Word file.
3. The REPORT uses the Proposal Paper as its introduction. Here, the results of two Excel regressions will be reported. The initial model data will be regressed and then the data will be changed in an attempt to improve the statistical significance of the model. For both regressions, the student group will analyze the Excel output to include discussing the statistical significance of each independent variable. The importance of the R-Squared statistic and for time-series regressions the Durbin-Watson statistic will be discussed. The Report will contain a table for each regression that includes the name of the Dependent Variable, sample size, R-Squared, and (for time-series regressions) the Durbin-Watson statistic. These tables will have a line for each independent variable that includes the variable name, its coefficient, t-statistic, and P-value. The Excel printouts will be attached as an appendix after the APA References page. The Report will be in a MS Word file with an Excel file containing the data that was regressed.
ORAL REPORT. Oral presentations are a group project that will result in a grade to each student in the group. Grading will include the group’s compliance with the following. Appropriate attire for all group members is a tie and jacket for males and equivalent attire for females.
PowerPoint presentations should follow the following rules.
1) The 3-5-7 rule
- No more than 3 main points per slide
- No more than 5 lines of dense text
- No more than 7 words per line
2) Avoid technology bells and whistles that do not enhance learning objectives of your presentation.
Grading: 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 in the case of oral presentations, is not paying attention to other student presentations.
Evaluation Item Points
Homework and Case Studies 150
Project Topic and Feasibility Paper 100
Test 1 150
Term Project Proposal 50
Test 2 150
Term Project Written Report 50
Term Project Presentation 50
Final Exam 300
Late Submission of Course Materials: 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.
TESTS: 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. Makeup tests will substitute essay questions for the short answer and multiple-choice portion of the original exam. The makeup test will have a different problem section and will include subjects covered since the exam that was missed.
Classroom Rules of Conduct: CELL PHONES and PAGERS. Turn off cell phones and pagers before class. Anyone, 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 phone and Pagers will be put away for all in-class tests. Anyone with an emergency will sit in the front of the class and place their electronic device on the instructor's desk.
E-MAIL TO INSTRUCTOR: Always use the following subject line: MBA674, 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.
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.
Date Topic(s) Text Chapter
Jan 11 Regression Intro 4 (p. 120-26)
Jan 18 Managers, Profit, and Markets 1
Jan 25 Demand, Supply, and Equilibrium 2
Feb 1 Excel Regression 4 (126-48), Notes
Feb 8 Elasticity 6
(Project Topic and Feasibility Paper Due)
Feb 15 TEST 1
Feb 22 Marginal Analysis 3
Feb 29 Consumer Behavior Theory 5
Mar 7 Production and Costs in Short Run 8
(Term Project Proposal Due)
Mar 21 Managerial Decisions in Competitive Markets 11
Mar 28 TEST 2 (Last 1 hour and 15 minutes of period)
Apr 4 Forecasting 7
Apr 11 Managerial Decisions in Non-Competitive Markets 12
(Term Project Report Due)
Apr 18 Production and Cost in Long-Run 9
Apr 25 Production and Cost Estimation 10
May 2 Term Project Oral Presentations
May 9 FINAL TEST All Previous References
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Last Updated:1/13/2012 7:11:28 PM