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    EEC5001 - Managerial Economics Syllabus: Fall 2015

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    Serkan
    This document outlines the syllabus for the Managerial Economics course offered in the fall of 2015. The course will be taught by Assistant Professor Emin Köksal and aims to apply economic analysis to business problems. Students will learn tools like supply and demand, as well as modern topics like game theory and information economics. Course materials will include required texts and online resources. Students will be evaluated based on take-home exams, a presentation, and a final exam. The course will cover 14 weeks of topics ranging from demand analysis to macroeconomic policy. Academic dishonesty is strictly prohibited.

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    EEC5001 - Managerial Economics Syllabus: Fall 2015

    Uploaded by

    Serkan
    60 views2 pages
    This document outlines the syllabus for the Managerial Economics course offered in the fall of 2015. The course will be taught by Assistant Professor Emin Köksal and aims to apply economic analysis to business problems. Students will learn tools like supply and demand, as well as modern topics like game theory and information economics. Course materials will include required texts and online resources. Students will be evaluated based on take-home exams, a presentation, and a final exam. The course will cover 14 weeks of topics ranging from demand analysis to macroeconomic policy. Academic dishonesty is strictly prohibited.

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    Syllabus Economics

    Original Title

    Syllabus Economics

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    This document outlines the syllabus for the Managerial Economics course offered in the fall of 2015. The course will be taught by Assistant Professor Emin Köksal and aims to apply economic analysis to business problems. Students will learn tools like supply and demand, as well as modern topics like game theory and information economics. Course materials will include required texts and online resources. Students will be evaluated based on take-home exams, a presentation, and a final exam. The course will cover 14 weeks of topics ranging from demand analysis to macroeconomic policy. Academic dishonesty is strictly prohibited.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    60 views2 pages

    EEC5001 - Managerial Economics Syllabus: Fall 2015

    Uploaded by

    Serkan
    This document outlines the syllabus for the Managerial Economics course offered in the fall of 2015. The course will be taught by Assistant Professor Emin Köksal and aims to apply economic analysis to business problems. Students will learn tools like supply and demand, as well as modern topics like game theory and information economics. Course materials will include required texts and online resources. Students will be evaluated based on take-home exams, a presentation, and a final exam. The course will cover 14 weeks of topics ranging from demand analysis to macroeconomic policy. Academic dishonesty is strictly prohibited.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    EEC5001 - Managerial Economics Syllabus

    Fall 2015

    Instructor Information
    Instructor

    Contact Info

    Online Lectures & Office Hours

    Emin Kksal, Asst.Prof.

    Emin.Koksal@bahcesehir.edu.tr

    Tuesday, 18:00-20:00

    EminKoksal.com

    @EminKoksal

    Tuesday, 13:30-15:30

    General Information
    Description
    Managerial Economics is an advanced course that aims to apply economic analysis to a wide array of business problems. The
    course offers a balanced coverage of traditional and modern microeconomic tools. It begins by teaching the practical utility
    of basic economic tools such as present value analysis, supply & demand, the basic models of perfect competition, monopoly,
    and monopolistic competition. It also offers real-world examples which includes modern topics such as oligopoly, multistage &
    repeated games, vertical & horizontal integration, networks, predatory pricing, principalagent problems, adverse selection,
    auctions, limit pricing, and a host of other pricing strategies for firms enjoying market power. The rest of the course is
    reserved for the analysis of possible effects of macroeconomic policies on business activities.

    Expectations and Goals


    After completing this class you should be able to:













    Explain the role of profits in a market economy


    Use marginal analysis to determine the optimal level of a managerial control variable
    Make investment decisions that increase firm value
    Set optimal prices and price discriminate
    Predict industry-level changes using demand/supply analysis
    Develop long-run strategies to increase firm value
    Use game theory to predict how your actions influence those of others
    Make decisions in uncertain environments.
    Solve the problems caused by moral hazard and adverse selection
    Align individual incentives with the goals of the company
    Manage relationships between upstream suppliers or downstream retailers
    Identify sources of market failure
    Read basic macroeconomic variables
    Analyze and identify the possible effects of macroeconomic policies on business activities

    Course Materials
    Required Texts
    The texts for the class that corresponds closely to the lectures are

    Managerial Economics & Business Strategy, Michael BAYE & Jeffry T. PRINCE, McGraw-Hill, 8e, 2013.
    Business Economics, Gregory MANKIW, Mark P.TAYLOR, & Andrew ASHWIN, Cengage, 2013.

    Additional Materials
    All course materials (slides, videos, articles, etc.) will be available on the course management system (itslearning.com).
    Reading The Economist and BusinessWeek regularly keeps you up to date about the business news/analysis.
    Page 1

    Course Grading and Deliverables


    The weightings for the grade of this class are:


    Take-Home Exams covering discussed topics or supplied documents


    Presentation
    Final Exam covering all materials and class discussions

    30%
    20%
    50%

    Take-Home Exams
    The take-home exams will be posted to your accounts on the course management system (itslearning.com). While I encourage
    you to work together as you learn the material, you are expected to work alone on the take-home exams themselves. Please
    submit your finished work no later than the due dates.

    Presentation
    The presentation is expected to be an analytical exhibition of a business problem or an experience which is closely related to
    the topics of the course. The presentation style in TED Talks is strongly recommended.

    Final Exam
    The final exam will cover all of the material from the course, and class discussion. It will be open-book, which means that
    you may bring in any reading materials or study aids that you choose, such as lecture notes, textbooks, and even handwritten
    notes. But, you are not allowed to bring in any electronic devices, such as laptop computers, tablets, or mobile phones.

    Course Schedule
    Week

    Topic

    Reading

    Week 1

    The Fundamentals of Managerial Economics

    BAYE & PRINCE, Ch.1

    Week 2

    Market Forces: Demand and Supply

    BAYE & PRINCE, Ch.2

    Week 3

    Quantitative Demand Analysis and Consumer Behavior

    BAYE & PRINCE, Ch.3, 4

    Week 4

    The Production Process, Costs, and The Organization of the Firm

    BAYE & PRINCE, Ch.5, 6

    Week 5

    The Nature of Industry

    BAYE & PRINCE, Ch.7

    Week 6

    Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets

    BAYE & PRINCE, Ch.8

    Week 7

    Basic Oligopoly Models and Game Theory

    BAYE & PRINCE, Ch.9, 10

    Week 8

    The Economics of Information

    BAYE & PRINCE, Ch.12

    Week 9

    Advanced Topics in Business Strategy

    BAYE & PRINCE, Ch.11, 13

    Week 10

    A Managers Guide to Government in the Marketplace

    BAYE & PRINCE, Ch.14

    Week 11

    The Macroeconomic Environment

    MANKIW et al. Ch.16

    Week 12

    Economic Fluctuations: Aggregate Demand and Aggregate Supply

    MANKIW et al. Ch.17

    Week 13

    Inflation and Price Stability

    MANKIW et al. Ch.19

    Week 14

    Fiscal, Monetary and Supply-Side Policy

    MANKIW et al. Ch.20

    Policy on Cheating and Plagiarism


    Academic dishonesty in the form of cheating, lying, or plagiarizing will be punished to the fullest extent allowable by the
    university.
    Page 2

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