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This course will develop our ability to apply the tools of economicanalysis to solve business problems relevant to current or aspiringmanagers The course will cover the standard managerial economics topicsof demand analysis production cost analysis market structure pricingand output decisions business strategy incentives contractinggovernance organizational forms government regulation and long-terminvestment analysis It will also examine how to use economic analysisto solve issues such as developing effective performance-evaluationsystems and compensation plans attracting and retaining workers orcreating organizational architectures that foster ethical behaviorsLEARNING OBJECTIVESAt the conclusion of the course we should be able toDemonstrate their competence with respect to fundamental conceptsregarding economic behavior markets organizations demand supplyproduction cost analysis market structure pricing and outputdecisions strategy incentives organizational architecturegovernance government regulation and long-term investment analysisAnalyze how the business environment technology regulation andcompetition affects the firms strategyAnalyze how strategy and the business environment impacts the firmschoice of organizational formAnalyze how the organizational structure the reward system and theperformance evaluation system affects organizational performance orcreating organizations that foster ethical behaviorsUnderstand the relationships between the firms organizational choicesand ethical behaviorsCOURSE CHARACTERISTICS AND RULESThe course is organized by week A week begins on Wednesday and ends thefollowing TuesdayEach week we are expected to answer two discussion questions DQssome weeks may have 1 or 0 if we have a case exam that week Thediscussion questions will be posted in the Discussion Board onBlackboard We should post their answer to the first discussion questionDQ 1 by Monday of the following week and post their answer to thesecond discussion question DQ 2 by Wednesday of the following weekAssignment 1 Grading Criteria and Respective Point ValueMaximum PointsMet the criteria for the correct responses to the questions assigned 6Used vocabulary relevant to this weeks topics - at least five terms6Justified ideas and responses by using appropriate examples andreferences from texts Web sites and other references or personalexperience6Presented a structured report free of spelling and grammatical errorsand cited sources in APA format when necessary6Participated in the discussion
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