Spring 2007
Text: H. Craig Petersen and W. Cris Lewis, Managerial Economics, 4th edition (New York: MacMillan) 1999 (Required) Workbook: H. Craig Petersen and W. Cris Lewis, Managerial Economics: Study Guide w/Software (New York: MacMillan) 1999 (Not required but useful and on reserve in the library). Course Overview: Chapters:
Homework Assignments—Problems:
1—Introduction to Managerial Economics (and Appendix) Chapter 1: 1–4; Appendix: 1–6, 14 2—Basic Training Chapter 2: 1–10; Appendix: 1–7 3—Demand Theory & Analysis (and Appendix) Chapter 3: 1–6, 8, 13, 15, 18 4—Regression Techniques and Demand Estimation Chapter 4: 1, 3, 5, 6, 7, 14, 15 5—Business and Economic Forecasting (skip pp. 165-170) Chapter 5: 2–7 6—Production Theory Chapter 6: 1–4, 6–9, 17, 22 7—Cost Theory Chapter 7: 1–4, 6–8, 21 8—Linear Programming Chapter 8: 1–6, 10, 11, 13, 16 9—Perfect Competition and Monopoly Chapter 9: 1–4, 6-9 10—Monopolistic Competition and Oligopoly (skip pp. 357-58) Chapter 10: 1–3, 5, 6, 12 12—Pricing of Goods and Services Chapter 12: 1–6, 9 14—Risk and Decision-Making Chapter 14: 1, 2, 4, 6, 7, 13, 15, 18 15—Capital Budgeting (pp. 497-516 only) Chapter 15: 1–4, 6–8, 13 NOTE: If a student has a disability that will likely require some accommodation by the instructor, the student must contact the instructor and document the disability through the Disability Resource Center, preferably during the first week of the course. Any requests for special considerations relating to attendance, pedagogy, taking of examinations, etc., must be discussed with and approved by the instructor. In cooperation with the Disability Resource Center, course materials can be provided in alternative formats, large print, audio, diskette, or Braille. TOOLS Software Program and Excel: We will be making use