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Managerial Economics


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:

  1. Have a basic knowledge of managerial economics on which to take business
  2. 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

  1. Mid-term Exam (20%)
  2. Final Exam (20%)
  3. Presentation, Discussion and Participation (30%)
  4. 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

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