SYLLABUS MAN 5007
MANAGERIAL ECONOMICS
3 CREDIT UNITS (PRE-MBA)
COURSE DESCRIPTION
The Managerial Economics (ME) course is an application of economic theory and decision making science in the process of managerial decisions making in a business/enterprise, and marketplace environment with various constraints existed. The behavior of individuals, companies, markets, and government within the framework of managerial decisions making become the main study in this subject.
LEARNING OBJECTIVES
After completion of this course, students are expected to be able to:
- Have a basic knowledge of managerial economics on which to take business
- Make a business decision based on the concept and theory of managerial
MAIN TEXTBOOK
- Baye, M., dan Prince, J. (2017). Managerial Economics and Business Strategy, 9th Edition. McGraw Hill, New York. (BP)
ADDITIONAL READING MATERIALS
Samuelson, P.A., and Nordhaus, W.D. (2010). Economics, 19th Edition. McGraw Hill. (SN) Mankiw, N.G. (2012). Principles of Economics, 6th Edition. Thomson South Western.(MN)
LEARNING METHOD
This method is a particular type of learning methods under the student-centered learning (SCL) paradigm. In this approach, students are active learners to find and construct their own knowledge. The instructor serves only as a facilitator to help students achieve learning objectives and develop interpersonal skills. The class time will be devoted to discuss any concepts, materials, and or issues in the subject.
EVALUATION METHOD
- Mid-term Exam (20%)
- Final Exam (20%)
- Presentation, Discussion and Participation (30%)
- Assignment (Paper, Quiz and etc). (30%)
COURSE SESSIONS
The course Introductory Economics for Managers weighs 3 credit units which is held in 14 sessions of lectures and 2 sessions of exams @ 150 minutes for regular class and 12 sessions of lectures and 2 sessions of exams @ 180 minutes for the executive class.
| Session | Topic | Reading Materials |
| 1 | The Fundamentals of Managerial Economics | SN (Ch. 1 & 2) MN (Ch. 1) BP (Ch. 1) |
| 2 | Market Forces: Demand and Supply | SN (Ch. 1 & 2) MN (Ch. 1) BP (Ch. 2) |
| 3 | Quantitative Demand Analysis | BP (Ch. 3) |
| 4 | The Theory of Individual Behavior | BP (Ch. 4) |
| 5 | The Production Process and Costs | BP (Ch. 5) |
| 6 | Organization of the Firm | BP (Ch. 6) |
| 7 | The Nature of Industry | BP (Ch. 7) |
| Mid-Term Exam | ||
| 8 | Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets | BP (Ch. 8) |
| 9 | Basic Oligopoly Models | BP (Ch. 9) |
| 10 | Game Theory: Inside Oligopoly | BP (Ch. 10) |
| 11 | Pricing Strategy for Firms with Market Power | BP (Ch. 11) |
| 12 | The Economics of Information | BP (Ch. 12) |
| 13 | Advanced Topics in Business Strategy | BP (Ch. 13) |
| 14 | A Manager’s Guide to Government in the Marketplace | BP (Ch. 14) |
| Final Exam | ||