Outlines of Managerial Economics 1. The objective of the course Managerial Economics is one of the important core courses for MBA students. This course serves to integrate various analytical and conceptual tools learned in the business curriculum into the framework of economic thinking. Heavy reliance is placed on the ability to crystallize students academic and practical experience into a coherent method of reasoning which can be applied to abstract thought and practical application. 2. Course requirements 1). Homework Assignments. At least 5 homework assignments will be given. Homework is optional, but if it is turned in it will be graded and counted. Homework will be assigned one week before due date, and will usually consist of problems from the end of chapters. Homework is important in terms of final grades, and as a preparation for exams. Collaboration with fellow students is allowed, though answers should not be identical. 2). Working Papers At least one paper is required during the course period. The subjects of paper can be chosen from the given options. The paper should be turned in before the final exam. 3). Exams There is a final exam at the end of the course. The exam will consist of short answer essay questions and problems. 3. Textbook and reference materials 1) S. Charles Maurice & Christopher R. Thomas, Managerial Economics (Sixth edition), McGraw-Hill Company, Inc.1999. 2) Robert S. Pindyck & Daniel L. Rubinfeld, Microeconomics (Third Edition) 3) Various academic journals in economics field and references from internet. 4.Course Outline I. Introduction Define managerial economics Theory of the Firm objective and value of the firm profits and the function of profit Demand-supply ...
