Dr. Ebrahim Karbassioon

SYLLABUS
Economics 4751: Managerial Economics

Instructor: Dr. Ebrahim Karbassioon
Prerequisites: Econ 2802, and Econ 3971
Office Location: 214B Coleman Hall
e-Mail Address: cfexk@eiu.edu
Office Hours: 11:00-12:00 MTWRF and by appointment

I. TEXTBOOK: McGuigan and Moyer, Managerial Economics, 7th ed. 1996

II. INTRODUCTION: Managerial economics is the study of the firm and how it makes its decisions under constraints imposed by the laws of nature and society. The study of the activities of the firm overlaps microeconomics theory, operation analysis, etc., and employs the tools of mathematics, linear programming, and statistics.

III. OBJECTIVE OF THE COURSE: The objective of the course is to enhance understanding of the nature and operation of the economics system of the firm. The objective should lead us to a better realization of the overall allocation of resources.

IV. COURSE OUTLINE: This course is divided into six parts.

1. Review of Statistics
2. Mathematical Tools
3. Analysis of Demand
4. Analysis of Production and Cost
5. Analysis of Price, Output, and Public Policies
6. Capital Budgeting

V. GRADING PROCEDURE: The mathematical tools are essential for full appreciation of this course and a stepping stone for comprehension of managerial economics; hence homework is highly emphasized.

Notes:

1. Assignments will be due as announced in the class and late homework/paper will NOT be accepted.

2. You are required to write a paper related to managerial economics using proper English. I strongly recommend the use a style manual, such as the American Psychological Association's Publication Manual.

UNDERGRADUATE STUDENTS are required to write a five page related paper.

GRADUATE STUDENTS, taking this course for graduate credit, are required to write a 10-page related paper.

(a) Topic Due: September 24, 2002

(b) Outlines Due: October 8, 2002

(c) Paper Due: November 19, 2002

(d) Paper presentation: December 10 &12, 2002

4. Distribution:

Homework: 20%

Exams: 70%

Paper: 10%

5. Scales:

A 90%-100%

B 80%-89%

C 70%-79%

D 60%-69%

F 59% and below

6. Exam Dates:

Mid-term, mid-October 2002
Final Exam: as scheduled during the Final Exam period.

NOTE: If you have a documented disability and wish to discuss academic accommodations, please contact me as soon as possible.

Questions may be directed to the Economics Department.
E-mail: economic@io.cts.eiu.edu, phone: (217) 581-2719

Last updated: February 7, 2004

Dr. Ebrahim Karbassioon

SYLLABUS Economics 4751: Managerial Economics

SYLLABUS
Economics 4751: Managerial Economics