Syllabus
Dr. Katerina Andrews
Spring 2012
Office Hours: MW 9:30-10:30 & 2:00-3:30pm
TTH 10:00-11:30am, 1:00-3:00pm & by
appointment.
Eco 432: Managerial Economics
MWF 11:30-12:20pm
Old Main 304
Instructor email: andrewsk@wofford.edu
Instructor Campus Phone: 597-4517
Course Description:
In Managerial Economics students will learn how economic theory and tools underlie the
managerial decision making process in the dynamic world of international business. Readings
and discussions will be used to reinforce students’ understanding of the nature and state of the
global marketplace in which today’s managers operate. Managerial decisions on investment
opportunities will be studied directly and as they relate to a firm’s strategy and financial
resources. The course will follow a natural progression, from the development of principles to
the application of those principles in increasingly complex circumstances. Computerized analysis
using an electronic spreadsheet will be an integral part of the course. Pre requisite: Eco201.
Assessment tools:
Each student’ course will be determined by the following components and weights:
 Quizzes
50%
 Midterm
25%
 Final Exam
25%
Instructional Format:
 The presentation of the material will be primarily lecture based. Several problem-solving sessions
will take place in the training lab (OLIN 212), to enhance student involvement during class time.
Absence Policy:
In accordance with the College’s policy, excessive number of unexcused absences or consecutive
absences will be reported to the Dean. More than one unexcused absence will result in a 10-point
reduction in your final course average. Please provide a brief explanation in person or via email for
missing a class and bring necessary paperwork as soon as you return to the classroom.
Textbook:
Hill C.W., “Global Business Today”, 7th e.
Policies on homework assignments:




Makeup Exams will not be given. An excused absence from one of the quizzes will be
honored by shifting the weight of that quiz to the final exam. Prior notification is required. If you
do not have a valid excuse for missing a quiz, it will count as a zero.
The final exam will be administered on the date scheduled by the College.
Homework assignments will be given regularly. You are encouraged to work in a
collaborative manner on these assignments. Late homework will not be accepted.
Statement for Academic Integrity: http://www.wofford.edu/studentLife/honorCode.pdf
Grading Scale:
A
AB+
B
B-
93-100
90-92
87-89
83-86
80-82
C+
C
CD
F
77-79
73-76
70-72
60-69
<60
Participation: Attendance is required and monitored. In accordance with the College’s policies,
excessive number of unexcused absences or consecutive absences will be reported to the Dean.
You can refer to the academic catalogue for information on regulations for class attendance.
Outline of Topics (inclusive dates) and Exams
Monday, Feb. 6: General Introduction
Wednesday Feb. 8: Chapter 1 “Globalization”
Friday, Feb. 10: Chapter 1
Monday, Feb.13: Chapter 2, “National Differences in Political Economy”
Wednesday Feb.15: Chapter 2
Friday, Feb. 17: Chapter 3 “Differences in Culture”
Monday, Feb. 20: Chapter 3
Wednesday Feb. 22: Chapter 4 “Ethics in International Business”
Friday, Feb. 24: Chapter 4
Monday, Feb. 27: Time Value of Money
Wednesday Feb 29: TVM
Friday, Mar. 2: Problem solving session
Monday, Mar. 5: Measuring Investment Value: NPV
Wednesday Mar 7: NPV
Friday, Mar 9: Problem solving session
Monday, Mar 12: Alternative Measures of Capital Investment Desirability
Wednesday Mar 14: IRR, MIRR
Friday, Mar. 16: Problem solving session
Monday, Mar. 19: Ranking Mutually Exclusive Investments
Wednesday Mar 21: Fisher Intersection, NPV Profiles
Friday, Oct. Mar 23: Problem solving session
Monday Mar 26: Cost of Capital
Wednesday Mar 28: Cost of Capital
Friday, Mar 30: Cost of Capital
Monday, April 9: Problem solving session
Wednesday April 11: Review
Friday, April 13: Midterm
Monday, April 16: Chapter 9 “The Foreign Exchange Market”
Wednesday April 18: Chapter 9
Friday, April 22: Chapter 9
Monday, April 23: Chapter 11“The Strategy of International Business”
Wednesday April 25: Chapter 11:
Friday, April 27: Chapter 12: “Entering Foreign Markets”
Monday, Apr 30: Chapter 12
Wednesday May 2: Chapter 14:“Global Production, Outsourcing, & Logistics”
Friday, May 4: Chapter 14
Monday, May 7: Chapter 15: “Global Marketing and R&D”
Wednesday May 9: Chapter 15
Friday, May 11: Review for final
Note: Scheduled dates for lecture materials & exams are target dates and subject to change. Variations
will be announced in class. Should you need special accommodations, or have any concerns during the
semester please come and see me.