Course Syllabus
Subject: Managerial Economics
Course: ECON 610
Sections: EMBA
Semester: Spring 2013
Instructor: Dr. Khaled Aldeeb
Department: Economics
Room No.: 3116
Telephone Number: 0507373315
E-mail: kaldeeb@hotmail.com
Lecture Days and Time:
On Wednesday, Thursday :5.30. pm – 8.15pm
Lecture Place: Building No.: 121
Class-room:
Office Hours:Thursday 3:30-5:30pm room:3116
kaldeeb@kau.edu.sa
Prerequisites:
Econ 101 – Econ 102 – Econ 204 – Econ 205
Course Objective:
The objective of the course is to familiarize the student with Managerial
economic methodology, economic way of thinking and the essentials of economic
phenomena.
This course focuses on the study of the choices that individuals and businesses
make, how these choices interact in the markets and the influence of government.
Also how apply managerial economics in action.
Course Outline:
Session
1
Date
Chapters
Chapter 1
Subject
Introduction: Terms- concepts
2
Chapter 1
Definition of Economics Micro Versus
Macroeconomics -Managerial economics
The Questions Economic addresses.
Factors of production – self interest and
social interest-pricing systems
3
Chapter 3
Demand and supply
Demand definition – The law of Demand
– Demand curve and Demand schedule –
A Change in quantity demanded versus
change in demand
4
Chapter 3
5
Chapter 5
6
Chapter 4
Supply :
Supply definition _ the law of supply _ A
change in quantity supplied
versus
change in Supply
Demand estimation and forecasting
Market Equilibrium :
Price as a regulator – Price Adjustments
– Predicting changes in price and quantity
Demand Elasticity
Price elasticity of demand
Calculating price elasticity of demand.
7
Chapter 4
Inelastic and elastic demand.
Total revenue and elasticity
The factors that influence the elasticity of
demand
22-5-1434
8
9
Mid Term Exam
Chapter 6
Theory of production
10
Chapter 6
The firm Behavior:
Production:
Production function
Decision time frames – short run
technology constraint – product schedule
and product curves. Law of diminishing
returns
Cost: Marginal, Total , Average Cost
Theory of cost
11
Chapter 7
12
Chapter 8
Perfect competition
Chapter 8
What is perfect competition: How perfect
competition arises -Price takers _
Economic profit and revenues – the firm
decisions
Monopoly
13
14
Chapter 14
The firm output decision: total revenue,
total cost, and economic profit –Marginal
analysis and the supply decisionTemporary shutdown decision- The firm
supply curve.
The Role of government and opportunity
for today managers.
Important date
 Final Exam: 12-7-1434
DELIVERY METHODS:
This course is delivered in the form of interactive lectures summarized in handouts
and accompanied by transparency presentations. Most important issues within each
concept and/or topic are clarified through discussions and class participation. Method
of teaching will totally depend on:
L=Lecture; T=Transparency; D=Discussion; H=Handouts; Ch=Chapter;
SUPPLEMENTARY READINGS:
Business magazine, text books, articles, internet, newspapers.
STUDENT EVALUATION AS PER COURSE OUTLINE:
Attendance and Participation
10%
Homework- assignments
10%
quizzes
20%
M.Term Exam
20%
Final Exam
40%
Total
100%
Required Textbook:
Managerial Economics- Economic tools for today decision makers
Paul G. Keat and Philip K.Y.Young 6th edition, available at Book Store.
Important Rules:
1. No makeup exams.
2. Students, who miss any of the two exams, will not be allowed to enter a
comprehensive exam (Final exam) at the end of the term.
3. Students must deliver their homework within the assigned time.
4. Students who come late will be allowed to attend the class, but no attendance for
them, they will be considered absent.
5. No mobile phones in the class are allowed.
The ‘Test’ can be:





Multiple-Choice Tests: Multiple-choice items can be used to measure both
simple knowledge and complex concepts.
True-False Tests: Because random guessing will produce the correct answer
half the time, true-false tests are less reliable than other types of exams
Short-Answer Tests: Depending on your objectives, short-answer questions
can call for one or two sentences or a long paragraph.
Essay Tests: Essay tests enable you to judge students' abilities to organize,
integrate, interpret material, and express themselves in their own words.
Presentation, Popup Quizzes, etc.
“WISH YOU ALL THE BEST”
Dr – Khaled Eldeeb