Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Managerial Economics - Course Outline | ECON 314, Lab Reports of Managerial Economics

Material Type: Lab; Professor: Mafoua; Class: MANAGERIAL ECONOMICS; Subject: Economics; University: SUNY College of Technology at Canton; Term: Fall 2006;

Typology: Lab Reports

Pre 2010

Uploaded on 08/09/2009

koofers-user-ihx
koofers-user-ihx 🇺🇸

10 documents

1 / 7

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
STATE UNIVERSITY OF NEW YORK
COLLEGE OF TECHNOLOGY
CANTON, NEW YORK
COURSE OUTLINE
ECON 314- MANAGERIAL ECONOMICS
Prepared by: Karen Spellacy and Edouard Mafoua
SCHOOL OF BUSINESS AND LIBERAL ARTS
BUSINESS DEPARTMENT
Fall 2006
pf3
pf4
pf5

Partial preview of the text

Download Managerial Economics - Course Outline | ECON 314 and more Lab Reports Managerial Economics in PDF only on Docsity!

STATE UNIVERSITY OF NEW YORK

COLLEGE OF TECHNOLOGY

CANTON, NEW YORK

COURSE OUTLINE

ECON 314- MANAGERIAL ECONOMICS

Prepared by: Karen Spellacy and Edouard Mafoua SCHOOL OF BUSINESS AND LIBERAL ARTS BUSINESS DEPARTMENT Fall 2006

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

TITLE: Managerial Economics YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY COURSE NUMBER: ECON 314 SHORT TITLE: Managerial Economics ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ CREDIT HOURS: 3 AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA WRITING INTENSIVE COURSE: No BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBCOURSE LENGTH: 15 weeks CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCSEMESTER(S) OFFERED: Spring DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD HOURS OF LECTURE, LABORATORY, RECITATION, TUTORIAL, ACTIVITY: 45 scheduled hours per semester EEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE CATALOGUE DESCRIPTION: Global case studies from the private, public and non profit sectors will be utilized to illustrate the application of economic theory and quantitative methods to managerial decision making. Students will engage in problem solving exercises that will integrate various principles of business, statistics and economics to determine market forecast, pricing strategy, resource usage, and production level. Prerequisites: (ACCT 101 and a student must have meet the General Education Requirement in Mathematics) OR ECON 103 OR permission of instructor. GER 3 Approved FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF PRE-REQUISITES/CO-COURSES: [ACCT 101 AND GER 1 (Mathematics)] or ECON 103 GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG STUDENT LEARNING OUTCOMES: Students will be able to:

  1. Identify the goals and constraints encompassed in a managerial decision.
  2. Estimate demand and production functions using regression analysis.
    1. Evaluate and explain the results of estimated demand and production functions.
    2. Determine appropriate pricing strategies, utilizing estimated demand elasticities.
    3. Perform macroeconomics and microeconomic forecasting using both qualitative and quantitative techniques.
    4. Evaluate the reliability of a forecast.
    5. Determine an appropriate forecasting technique.

DETAILED OUTLINE

ECON 314 - MANAGERIAL ECONOMICS

MMMMMMMMMMMMMMMMMMMMMMMDLII. Introduction to Managerial Economics A. Goals of Managerial Decisions

  1. Profit Seeking Firm
  2. Public Sector
  3. Non-profit Enterprise B. Economic Concepts and Models
  4. Decision Making as Optimizing with Constraints
  5. Opportunity Cost a. Extracting Opportunity Cost from Accounting Data
  6. Marginal Analysis in Decision Making
  7. Market Analysis with Supply and Demand C. Statistical Analysis of Economic Relationships
  8. Measures of Central Tendency
  9. Measures of Dispersion
  10. Hypothesis Testing
  11. Regression Analysis II. Demand Analysis and Estimation A. Price Elasticity of Demand
  12. Optimal Pricing Policy B. Cross Price Elasticity of Demand C. Income Elasticity of Demand D. Other Elasticity Measures E. Estimating Demand
  13. Market Research a. Consumer Surveys b. Consumer Clinics and Focus Groups c. Market Experiments
  14. Statistical Estimation of Demand a. Linear Regression Model b. Coefficient of Determination c. Multiple Linear Regression Model d. Statistical Significance of Regression Coefficients e. Using Regression Analysis to Forecast Demand III. Business and Economic Forecasting A. Macroeconomic Forecasting B. Microeconomic Forecasting C. Forecasting Techniques
  15. Qualitative Analysis
  16. Trend Analysis and Projection
  17. Exponential Smoothing
  18. Econometric Models D. Forecast Reliability E. Selecting a Forecast Technique

a. Net Present Value b. Internal Rate of Return c. Profitability Index

  1. Cost of Capital a. Debt Financing b. Equity Financing c. Weighted Cost of Capital
  2. Review of Investment Projects - Postaudit IX. Public Management A. Pubic versus Private Goods B. Public Choice Theory C. Cost-Benefit Analysis D. Cost-Effectiveness Analysis