LeMoyne-Owen College
Business
ADCP309 Managerial Economics, Section N
Spring, 2012
Instructor:
Office Room:
Office Phone:
Office Hours:
Email Address:
Credit Hours:
Prerequisites:
Kunsoo Paul Choi, Ph.D.
520-270-2529 (Cell)
4:00PM to 6:00PM Thursday
kunchoi@hotmail.com
3
N/A
Syllabus
Texts: Issues in Economics Today, 5/e (or 6/e) by Robert C. Guell, Indiana State
University
ISBN Number: 978-0073375939
Supplemental Materials:
http://www.cbo.gov/ftpdocs/108xx/doc10871/economicprojections.pdf
Course Description:
This course provides an overview of basic economic principles and their application to a
single business unit. Some case studies are used.
College Graduate Competencies:
The two college graduate competencies (CGC) that are directly addressed in ADCP309
are:
1. Think creatively, critically, logically, and analytically using both quantitative and
qualitative methods for problem solving;
2. Appreciate, understand, now and pursue the principles, methods and subject matter
that underlie the major discipline.
Course Objectives:
1. This course provides an overview of basic economic principles and their application to a single
business unit. Some case studies will be a part of the class discussions.
2. To explore the exciting world of Economics and discover how our lives are impacted
by world events that are often remote from our economy but none-the-less can change the
course of both domestics and international economic activity.
2
Attendance Policy: In accordance with college policy, classroom attendance is required.
The following standard will be applied:
1.
2.
3.
If unexcused absences total 15% of the regularly scheduled class meetings, the
instructor has the authority to lower the final grade by one letter.
If unexcused absences total 20% of the regularly scheduled class meetings, the
instructor has the authority to give a failing grade.
Five tardies—arrival to class five minutes after class has begun—will equal one
unexcused absence.
Technology Use:
Demeanor:
LeMoyne-Owen College is committed to enhancing student
learning through the use of a variety of applicable technology.
In this course, students will use or be exposed to [software and/or
hardware].
Suitable demeanor, posture and attire are required. For guidelines and the
dress code, please refer to the 2011/2012 Student Handbook (8-9; 13).
Classroom Policies and Procedures:
The classroom learning experience provides opportunities for faculty and students to
engage in interactive exchanges of course content. To facilitate this exchange, the
following guidelines are provided:
1.
Because each class session covers vital material and information, it is important
that students arrive on time to each class session.
2.
In order to enhance students’ performance and confidence in acquiring the
material, it is critical that students come to each class session prepared. This
includes bringing to class required texts, supplemental materials, and assigned
work, which is provided on the course outline.
3.
In order to limit unnecessary distractions which would deter learning, cell phones,
multi-media devices, and laptops are required to be turned off or on vibrate when
class is in session, except by permission of the faculty.
Faculty reserve the right to apply penalties for noncompliance to either or all of the above
guidelines.
Assignments and Submission Requirements:
Assignments may be submitted by hard copy or by email to the instructor before class
starts on the due date.
Assessment and Submission Requirements:
There are 4 ways in which students can earn grade points in this class: Class
Attendance and participation, Homework Assignments, Exams and Research Paper.
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Policies Related to Students with Disabilities:
If you need course adaptations or accommodations because of a disability, if you
have emergency medical information to share, or if you need special arrangements in
case the building must be evacuated, please make an appointment with Jean
Saulsberry, Director of Student Development, as soon as possible at (901) 435-1727.
The Student Development Office is located in the Alma C. Hanson Student Center,
Room 208.
Grade Scale: 90-100 A; 80-89 B; 70-79 C; 60-69 D; 59 & Below F
Student Performance Evaluation:
Activity Maximum Points:
Class Attendance and Participation:
Homework Assignment 1:
Homework Assignment 2:
Homework Assignment 3:
Homework Assignment 4:
Midterm Exam Week 3:
Research Paper:
Final Exam:
Total Points:
100
50
50
50
50
200
200
300
1000
LeMoyne-Owen College Graduate Competencies (CGC)
LeMoyne-Owen College graduates should be able to:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Think creatively, critically, logically, and analytically using both quantitative and
qualitative methods for problem solving;
Communicate effectively (listen, speak, read, and write) on formal and informal
levels;
Distinguish, clarify, and refine personal values for the attainment of richer selfperception and relate those values to the value system of others;
Appreciate, understand, and know the foundations of the Afrocentric perspective;
Appreciate, understand, and know the foundations of diverse cultures in the
context of a global community;
Appreciate, understand, now and pursue the principles, methods and subject
matter that underlie the major discipline(s);
Accept social responsibility and provide service to humankind;
Maintain levels of literacy that allow them to understand the impact of science
and technology on individuals, society, and the environment;
Attain motivational, personal management, interpersonal skills, professional
development and research experience, as well as resourcefulness that will form
the basis for a career and/or further educational experiences;
Attain critical skills, frame of reference, and understanding needed to appreciate
and discriminate between artistic achievements.
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Course Code and Title __ADCP309 Managerial Economics__
Division of4 Education
LeMoyne-Owen College
Communication
Ethics
Instruction
Outcomes
Technology
Cultivates and Sustains
Excellence
L
Content
Knowledge
Diversity and
Afrocentric Culture
Clinical Practice
Completion of Major
Capstone
Exit
Exit
Professional,
Major/Concentration
Professional,
Major/Concentration
Benchmark
Benchmark 2&3
Teacher Candidate
General Education
(Core II& Supplemental)
10 College Competencies
General Education
(Core II& Supplemental)
10 College Competencies
Benchmark 1
Benchmark
Developmental Studies
(If Needed)
Developmental Studies
(If Needed)
Student
Teacher Education Pre-Candidate
The Conceptual Framework Model
Theme: Teacher as a Facilitator of Transformative Processes
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Model, Draft 3, Haynes-Mays, Ph.D.
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ADCP309 Managerial Economics, Section N
Course Outline
Week 1:
Read Chapters 1 thru 4
1. Chapter 1 -- The Study of Opportunity Cost
2. Chapter 2 -- Supply and Demand
3. Chapter 3 -- The Concept of Elasticity and Consumer and Producer Surplus
4. Chapter 4 -- Firm Production, Cost and Revenue
*Assignment due at the beginning of Week 2 class
(Chapters 1-4 Short Answer Questions even numbers)
Week 2:
Read Chapters 5 thru 8
1. Chapter 5 -- Perfect Competition, Monopoly and Economic Vs Normal Profit
2. Chapter 6 -- Every Macroeconomic Word You Have Ever Heard: Gross
Domestic Product, Inflation, Unemployment, Recession and Depression
3. Chapter 07 -- Interest Rates and Present Value
4. Chapter 08 -- Aggregate Demand and Aggregate Supply
*Assignment due at the beginning of Week 3 class
(Chapters 5-8 Short Answer Questions even numbers)
Week 3:
Read Chapters 09 thru 12
1. Chapter 09 – Fiscal Policy
2. Chapter 10 – Monetary Policy
3. Chapter 11 – Federal Spending
4. Chapter 12 – Federal Deficits, Surpluses, and National Debt
Midterm Exam (Chapters 1-8)
*Assignment due at the beginning of Week 4 class
(Chapters 9-12 Short Answer Questions even numbers)
Week 4:
Read Chapters 17 thru 20
1. Chapter 17 – International Trade: Does It Jeopardize American Jobs?
2. Chapter 18 -- International Finance and Exchange Rates
3. Chapter 19 – NAFTA, CAFTA, GATT, WTO: Are Trade Agreements Good for
Us?
4. Chapter 20 – Economic Growth and Development
*Assignment due at the beginning of Week 5 class
(Chapters 17-20 Short Answer Questions even numbers)
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Week 5:
Read Chapters 23, 26, and 40
1. Chapter 23 – Health Care
2. Chapter 40 -- The Stock Market and Crashes
Final Exam (Comprehensive: Covers 1-20, 23, 26, and 40)
*Research Paper due
Research Paper
Find an article related to one of the topics below.
Real GDP
Unemployment
Inflation as measured by the Consumer Price Index
Interest Rates
Oil Prices
Below is a website showing some of the indicators from the Congressional
Budget Office.
http://www.cbo.gov/ftpdocs/108xx/doc10871/economicprojections.pdf
Analyze the article and discuss the impact on your organization or an
organization with which you have knowledge. Compose a graph using Excel
showing a five year history of any two of the above indicators. Include a third
graph of an indicator unique to your organization. Discuss which graph you
believe best mirrors your industry indicator. Give reasons for your conclusion.
The paper should be at least 1200 words in order to adequately address the
topic. Your paper should follow APA format with proper in-text citations.
Instructor reserves the right to add or subtract assignments or assessments.
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