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MBA 674 Quantitative Analysis forManagement Decisions
Kao, Robert


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

MBA 674 Quantitative Analysis forManagement Decisions

Semester

FAP 2012 DL

Faculty

Kao, Robert

Title

Assistant Professor of Finance

Degrees/Certificates

PhD – Texas A&M University-College Station
M.S. – University of Nebraska-Lincoln

Office Location

Mackay Room 27C

Office Hours

Monday and Wednesday 2:00 - 3:00 PM; Tuesday and Thursday 3:00 – 4:00 PM

Daytime Phone

816-584-6852

E-Mail

robert.kao@park.edu

Class Days

TBA

Class Time

TBA

Prerequisites

EC 141, EC 142, and EC315 or equivalent

Credit Hours

3


Textbook:
Managerial Economics, 10th edition, by Christopher R. Thomas and S. Charles Maurice, McGraw-Hill/Irwin 2011. ISBN: 978-0-07-337591-5.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

From time to time the online class will receive additional material that is publicly available on the Internet.  The followings are some of major Internet sources:

·                  The Wall Street Journal: www.wsj.com/

·                  Business Week: www.businessweek.com/

·                  Fortune: http://money.cnn.com/magazines/fortune/

        ·                  The Economist: http: www.economist.com

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Course Description:
MBA 674 Quantitative Analysis for Management Decisions: This course covers microeconomic analysis of specific problems faced by business firms. These problems include selecting the optimal product mix to maximize profit or minimize cost; selecting the optimal portfolio mix to meet specific firm financing requirements; selecting the optimal path for shipping products or raw materials; and other problems relevant to the business firm. The course includes determining an optimal solution to conflicting firm objectives such as maximizing profit and minimizing pollution. It also covers the solution of problems that include soft constraints. The analysis is conducted using Microsoft Excel to solve problems by linear programming and regression analysis. Prerequisites: EC 141, EC 142, and EC 315 or equivalent approved by Program Director. (Formerly EC 604)

Educational Philosophy:

  1. Create an interactive environment which is based on lectures, readings, quizzes, dialogues, examinations, assignments, websites, and topic-related writings.
  2. Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be applied.

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.


  Instructor Learning Outcomes
  1. Identify the overall factors that drive market demand and supply by solving representative problems and analyzing how changes in demand/supply affect price, quantity, and equilibrium in the market.
  2. Employ marginal analysis to achieve managerial goals through both constrained and unconstrained optimization problems designed to replicate business situations requiring profit maximization or cost minimization.
  3. Analyze consumer behavior as it affects demand theory using standard tools to explore how consumers maximize utility subject to budget constraints.
  4. Conduct demand elasticity analysis to identify how pricing changes affect the firm's overall profitability, and forecast demand of such price changes.
  5. Utilize production and costing theory in both the short- and long run to identify the role that costs play in managerial decisions regarding profit-maximization.
  6. Identify the sources of market power and characteristics that allow firms to exercise market power.
  7. Analyze strategic interdependence among firms operating in oligopolistic markets by using standard approaches such as game theory.
Core Assessment:

Class Assessment:

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: ParticipationHomework, a Team Project and Exams. This section describes how you earn these points. 

I. Participation/Discussions (Threaded Discussions): (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” in complete sentences.
      • 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, For example, you can respond to 2 different classmates, one 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. The intent of this requirement is to encourage you to log on (and expose yourself to the material) more often than once a week! 
  • Additional Guidelines for Discussion Questions (Threaded Discussions): 

·      Every week discussion questions will be posted that requires 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.   

II. Homework:  (12 out of 16 weeks) 

  • Each week (except exam weeks) you will have a homework assignment. These types of solving problems are 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. 
  • Please refer to Course Policies regarding acceptable file format, labeling, and penalty for submitting the assignments late.

III. Team Project 

  • Your team project for this class is a short paper, approximately 1,500-1,600 words in length (1,500 words is approximately 4 pages double-spaced using 11 point font).
  • The paper is due for Week 16, submitted before the specified deadline.
  • 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.

IV. 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.
  • 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 will make the learning environment pleasant and friendlier. 

Please e-mail your questions to my Park University e-mail address. I will respond to course-related questions within 48 hours–unless I notify you previously that I will be unavailable.

Course Topic/Dates/Assignments:
 

 Week

Date

Topics/Assignments

1

Monday, August 20, 2012 –Sunday, August 26, 2012

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 49 (stop when you hit Section 2.2 “Supply”)

Assignments:

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 by 11:59 PM (CST) Sunday, August 26.

2

Monday, August 27, 2012 – Sunday, September 2, 2012

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 77.

Assignments:

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 by 11:59 PM (CST) Sunday, September 2.

3

Monday, September 3, 2012 – Sunday, September 9, 2012

Activities:

Read the Week 3 posting under “Lecture”

View the Week 3 PowerPoint

Read all of Chapter 3 of Thomas/Maurice, from page 86 through page 119.

Assignments:

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 by 11:59 PM (CST) Sunday, September, 9

4

Monday, September 10, 2012 – Sunday, September 16, 2012

Topics: Demand, Supply, Equilibrium, Marginal Analysis

Assignments:

Establish teams for Team Paper

Complete the Exam for Week 4 before 11:59 PM (CST) Sunday, September 16.

5

Monday, September 17, 2012 – Sunday, September 23, 2012

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 120 through page 157.

Assignments:

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 by 11:59 PM (CST) Sunday, September 23.

6

Monday, September 24, 2012 – Sunday, September 30, 2012

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 160 through page 203.

Assignments:

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 by 11:59 PM (CST) Sunday, September 30.

7

Monday, October 1, 2012 – Sunday, October 7, 2012

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:

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 by 11:59 PM (CST) Sunday, October 7.

8

Monday, October 8, 2012 – Sunday, October 14, 2012

Topics: Regression, Consumer Behavior, Elasticity

Assignment:

Complete the Exam for Week 8 before 11:59 (CST) Sunday, October 14.

Break

Monday, October 15, 2012 – Sunday, October 21, 2012

Spring Recess

9

Monday, October 22, 2012 – Sunday, October 28, 2012

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 284 through page 319.

Assignments:

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 by 11:59 PM (CST) Sunday, October 28.

10

Monday, October 29, 2012 – Sunday, November 4, 2012

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 320 through page 370.

Assignments:

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 by 11:59 PM (CST) Sunday, November 4.

11

Monday, November 4, 2012 – Sunday, November 10, 2012

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 398 through page 452.

Assignments:

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 by 11:59 PM (CST) Sunday, November 10.

12

Monday, November 11, 2012 – Sunday, November 17, 2012

Topics: Production and Costs, Competitive Markets

Assignment:

Complete the Exam for Week 12 before 11:59 PM (CST) Sunday, April 15.

13

Monday, November 18, 2012 – Sunday, November 24, 2012

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 453 through page 510.

Assignments:

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 Dropboxby 11:59 PM (CST) Sunday, November 24.

14

Monday, November 25, 2012 – Sunday, December 1, 2012

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 511 through page 562.

Assignments:

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 by 11:59 PM (CST) Sunday, December 1.

15

Monday, December 2, 2012 – Sunday, December 8, 2012

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 576 through page 615.

Assignments:

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 by 11:59 PM (CST) Sunday, December 8.

16

Monday, December 9, 2012 – Sunday, December 14, 2012

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

Assignments:

Submit Team Paper on 11:59 PM (CST) Wednesday, December 12.

Complete the Exam for Week 16 before 11:59 PM (CST) Friday, December 14.

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 2012-2013 Graduate Catalog Page 21-22

Plagiarism:

Plagiarism is 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 2011-2012 Graduate Catalog Page 21


Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

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 .

Additional Information:

Bibliography:

Copyright:

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Last Updated:7/25/2012 2:57:16 PM