DEPARTMENT OF ECONOMICS
MANAGERIAL ECONOMICS 340H – OSH – FALL 2007
Instructor:
Christopher Michael
UOIT: Trent @ UOIT Offices (C108)
Trent University
Blackburn Hall, Suite 135
Phone: 705-748-1011 x7752
Fax:
705-748-1105
E-mail: [email protected]
Secretary:
Shirley Pavy – Economics Department
GCS 346
Phone: 748-1011 x7331
Lectures:
Day:
Time:
Location:
Duration:
Office Hours:
Website:
Thursday
7:10-10:00pm
UOIT A1-UA3130
FA 07
Thursday 6:00 – 7:00pm or by appointment
http://www.trentu.ca/oirsp/Econ340H.php
Course Description:
A study of the various ways in which microeconomic principles and quantitative tools can be used to aid
managers in making sound decisions. Topics include forecasting consumer demand, production and cost
analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital
budgeting.
Prerequisite:
Economics 101H and Economics 102H
Grading:
All students must complete the following course work to earn a numerical grade as it pertains to those
stated in the academic regulation section of the Trent University calendar. Students will be graded on the
following marking scheme:
3 Assignments worth
Mid-term Exam worth
Final Examination
=
=
=
40%
20%
40%
Note: The final grade will be translated into a letter grade in accordance with the Trent University
Calendar.
Textbooks:
Required text for the course:
McGuigan, J.R., Rentz, W.F., Kahl, A.L., Moyer, R.C., and Harris, F.H. Managerial Economics:
Applications, Strategies and Tactics, First Canadian Edition, Thomson – Nelson, Canada (2006).
Recommended / supplemental text for course:
William F. Samuelson and Stephen G. Marks, Managerial Economics, Wiley, Fourth Edition (2003).
Paul G. Keat and Phillip K.Y. Young, Managerial Economics – Economics for Today’s Decision Makers,
Prentice Hall, Fourth Edition (2003).
Course Outline:
Lecture 1
Lecture 2
Lecture 3
Lecture 4
Lecture 5
Lecture 6
Lecture 7
Lecture 8
Lecture 9
Lecture 10
Lecture 11
Lecture 12
Lecture 13
Sept 13th
Sept 20th
Sept 27th
Oct 4th
Oct 11th
Oct 18th
Oct 25th
Nov 1st
Nov 8th
Nov 15th
Nov 22nd
Nov 29th
Dec 6th
– Scope and Nature of Managerial Economics
– Optimization Techniques / Risk Analysis
– Demand and Supply Theory and Analysis
– Production Theory and Analysis
– Cost Theory and Analysis
– Mid term Test
– Reading Week – No Lecture
– Pricing and Output Decisions – Pure & Monopolistic Comp.
– Pricing and Output Decisions – Monopoly & Dominant Firms
– Pricing and Output Decisions - Oligopoly
– Pricing Strategies
– Externalities, Market Failure and Gov’t Regulation
– Review Session for Final Exam
Important Dates:
Assignment 1
Mid-term Exam
Assignment 2
Assignment 3
Final Exam
October 11th
October 18th (2hrs)
November 8th
December 6th
December 13th (2hrs) UOIT A1-UA3130
In accordance with Trent University's Policy on Plagiarism, the following statement is included on the
syllabus:
Academic dishonesty, which includes plagiarism and cheating, is an extremely serious academic offense
and carries penalties varying from failure in an assignment to suspension from the University. Definitions,
penalties, and procedures for dealing with plagiarism and cheating are set out in Trent University’s
Academic Dishonesty Policy which is printed in the University Calendar. (To be added, if applicable:
Departmental interpretations of this policy are posted on the departmental website). It is Trent University’s
intent to create an inclusive learning environment. If a student has a disability and/or health consideration
and feels that he/she may need accommodations to succeed in this course, the student should contact the
Disability Services Office (BL Suite 109, 748-1281, [email protected]) as soon as possible.
Complete text can be found under Access to Instruction in the Academic Calendar. As clicker records are
used in this course to compute a portion of course grades, the use of a clicker other than your own is an
academic offence. In lecture or tutorial, possession of more than one clicker, or that of another student,
may be interpreted as intent to commit an academic offence.
PLEASE NOTE: YOU ARE ENCOURAGED TO WORK TOGETHER ON ASSIGNMENTS (BUT NOT ON
TESTS!).