Identification
Prerequisites
Language
Compulsory/Elective
Text books and course
materials
Economics and Business
Department
Graduate
Program
ECON 830- Managerial Economics – 3KU /6ECTS credits
Subject
Fall, 2015
Term
Ramin Danyarov
Instructor
Downtown campus (B. Safaroglu) Room 45, Mondays 18:30-21:00
Classroom/hours
Undergraduate studies in Economics
English
Required
Core Textbook:
Thomas, Maurice. Managerial Economics 11th Ed. McGraw – Hill (2013)
Recommended Text:
Hirschey. Fundamentals of Managerial Economics, 5th Ed. South-Western
McGuigan, Moyer & Harris. Managerial Economics 11th Ed. South-Western
Course website
Teaching methods
Evaluation Criteria
Course description
Course objectives
Week
Learning Outcomes
1
Date/Day
(tentative)
21.09.2015
Additional Materials:
Lecture notes / handouts / articles
This course combines traditional face-to-face classes with online learning. The course
management platform Moodle is used to provide a wide range of resources to support learning.
And all course related materials including, but not limited to, syllabus, supplementary
readings, course announcements, cases and assignments are available only at the course
website http://www.khazar.org/moodle.
x
Case analysis
x
Group discussion
x
Experiential exercise
x
Lecture
Course paper
Others
Methods
Date/deadlines
Percentage (%)
30
Midterm Exam
Case studies
10
Class Participation
20
4 quizzes
Project
Presentation/Group
Discussion
40
Final Exam
Others
100
Total
The study of managerial economics focuses on depicting the actual context and practice of
real-world managerial decision making. This course specially designed for graduate students
to aid understanding of applied microeconomic concepts. Managerial Economics requires
extensive use of rational thinking, logic, mathematics and knowledge of certain
microeconomic concepts.
Topics include decision-making criteria and procedures, demand and cost theory and
estimation, pricing theory and practice (including price positioning), pricing new products and
competitive bids and price quotes.
The primary objective of this course is to expose students to the practical usefulness of
economic theory. Using microeconomic analysis, the demand and cost characteristics of goods
and services can be carefully evaluated, thus allowing for production and marketing decisions
consistent with organization goals.
This course provides students with the knowledge, tools and techniques to make effective
economic decisions under conditions of risk and uncertainly. Demand, cost and pricing
decisions are emphasized.
Tentative Schedule
Topics
Managers, Profits and Markets
Textbook/Assignments
Chapter 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
28.09.2015
05.10.2015
12.10.2015
19.10.2015
26.10.2015
02.11.2015
09.11.2015
16.11.2015
23.11.2015
30.11.2015
07.12.2015
14.12.2015
21.12.2015
28.12.2015
Demand, Supply and Market Equilibrium/Elasticity and Demand
Theory of Consumer Behavior. Quiz 1
Demand estimation and Forecasting
Production and Cost in Short Run
Production and Cost in Long Run. Quiz 2
Mid-term exam. Marginal analysis for optimal decisions
Holiday
Estimation Techniques: Regression Analysis
Managerial Decisions in Competitive Markets
Managerial Decision for firms with Market Power. Quiz 3
Strategic Decision Making in Oligopoly Markets
Decisions under Risk and Uncertainty
Other topics of Managerial Economics. Quiz 4
Case Studies
Final Exam
Chapter 2, Chapter 6
Chapter 5
Chapter7
Chapter 8
Chapter 9
Chapter 3
Chapter 4
Chapter 11
Chapter 12
Chapter 13
Chapter 15
-