Managerial economics part one: 1. Microeconomics (a) 2.Demand function 3.arc elasticity 4.consumer goods 5.the indifference curve 6.future costs 7.Equilibrium 8.gross national product 9.product approach 10.Gdp 1.Demand schedule:- In economics, the demand schedule is a table of the quantity demanded of a good at different price levels.
Marylhurst University BUS 512 S: Managerial Economics Spring 2017 4 Credits Instructor(s): John Bayer Course Dates: 4/3/2017 to 6/10/2017 First on campus session will be April 8th; see you then! Office Hours: By appointment; instructor also will be available most days after on campus classes. We may also want to arrange Skype or Whatsapp meetings. Course Description BUS 512 Managerial Economics (4 crs.) This course is designed to help graduate students develop an understanding of the basic concepts of economics. The focus will be on having students apply foundational concepts of microeconomics, including scarcity, ownership and markets, to their personal decision making and professional life. In addition, students will learn the macroeconomics concepts of GDP, the business cycle, unemployment, inflation and interest rates, and how to research these variables and use forecasts to understand the application to their personal and professional life. Finally, students will learn some of the basic concepts of global economics, including international trade and exchange rates.
Texts Order textbooks here:. Required Text: Mankiw, N. Essentials of Economics. South-Western Cengage Learning. Learning Outcomes Upon successful conclusion of this course, the student will be able to:. Define and interpret applicable economic terms and practices. Evaluate the organization of industries, also known as market structures, which include the 4 major forms; pure competition, monopolistic competition, oligopoly, and monopoly.
Apply a supply and demand approach to economic analysis and employ its use in the allocation of resources. Evaluate the effect of micro- and macroeconomic variables on decision making for an individual and the organization. Assess the impact of international trade and exchange rates on a national economy. Critique fiscal policy and understand its impact on macroeconomic variables. Assess the Federal Reserve System, commercial banking and monetary policy.
Identify the economic problem and evaluate alternative approaches to assessing it. Assessment and Evaluation Classroom Participation Expectations: Engagement and participation are central to our work together. Responsibility for learning in the classroom is shared among students and the instructor. For this approach to be effective, all parties must arrive to class on time prepared and ready to contribute. This entails being open to ideas, activities, and feedback, and being present for the duration of time that class is in session or your team is meeting to work on an assignment.
Online Discussion Expectations and Assessment: The discussion boards maybe part of your classroom. If they are used, your discussion board postings will be evaluated in the areas of quality, timeliness, visibility, quantity, readability, and clarity as detailed in this document. These criteria will show the minimum standards for receiving a passing grade of C. Please be sure and confirm with your instructor what it takes to earn full points.
Evaluation Criteria for Discussion Board Participation: Quality: Posts reflect a strong understanding of the topic and include substantive ideas supported by course readings, personal experience, and additional research. Posts are cited so that readers clearly recognize whose ideas are represented and where additional material may be found. Posts extend or deepen discussion in a relevant way.
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Timeliness: Initial responses to the DQ are made early in the discussion period. Replies to fellow students are presented in a timely manner to allow for robust discussion and reflection. Visibility: You are actively involved: in most cases this means a minimum of 4 days per week. Quantity: Posts include a first response to the DQ plus a minimum of 3 additional, substantive discussion responses to classmates. Responses are posted over several days.
Readability: Posts are visually attractive and understandable to your readers, e.g. Text is separated into paragraphs, and bullet or numbered lists are used when effective. Clarity: Ideas are communicated in clear, grammatical English. The goal of communicating through this medium is business writing that is clear, concise, direct, and professional. Due Dates and Deadlines:. Unless otherwise specified by your instructor, all assignments are due by 11:59 PM in the Pacific Time zone on the specified date. Points will be reduced by 10% of the total for each day an assignment is late.
No assignments can be accepted more than 3 days past the due date or after the last day of class. For graded discussion assignments, responses during the course week posted after the “first post by” date can receive partial credit.
Posts after the course week may be made, but receive no credit. It is not possible to make up missed discussions. No extra credit, resubmission of work for re-grading or makeup work is allowed. At the discretion of the instructor exceptions may be made for extraordinary circumstances. Attendance and Participation: Points will be assigned based on the following criteria:. Strong, meaningful, creative participation: 100%.
Moderate, meaningful participation: 80%. Present but passive participation: 50%. Absent: 0% Please note: Missed participation points cannot be made up.