Econ 550 Syllabus

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ECO 550 – Managerial Economics and Globalization
COURSE DESCRIPTION
Applies relevant economic theory to develop a framework of analysis and techniques that business managers can use in deciding how to allocate a firm’s scarce resources to achieve its objectives. Uses economic analysis to support business strategy decisions that promote competitiveness in an environment of changing domestic and international market conditions, government regulations, trade policies, and resource availability. Systematically analyzes how global economic integration affects the production, input sourcing, and pricing decisions of firms operating in different market structures.

INSTRUCTIONAL MATERIALS
Required Resources McGuigan, J. R., Moyer, R. C., & Harris, F. H. D. (2008). Managerial economics: Applications, strategy, and tactics (12th ed.). Mason, OH: South-Western Cengage Learning. Microsoft Excel (2003 version or newer) [Computer software]. Redmond, Washington. Supplemental Resources Board of Governors of the Federal Reserve System. (2011). General format. Retrieved from http://www.federalreserve.gov Burgernomics to go (2012, June 9). The Economist, 43(8788), 83. Points of light (2012, July 14). The Economist, 404(8793), 21-24. The visible hand (2012, January 21). The Economist, 401(8768), 3-5. Wall Street Journal. (2011). General format. Retrieved from http://online.wsj.com

COURSE LEARNING OUTCOMES
1. Assess how managerial economics is used in business decision making. 2. Analyze how production and cost functions in the short run and long run affect the strategy of individual firms. 3. Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company’s operations. 4. Analyze business and economic forecasting techniques utilized by managers. 5. Analyze short-run and long-run production and cost functions. 6. Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates. 7. Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries. 8. Propose how differences in demand and elasticity lead managers to develop various pricing strategies. 9. Analyze the economic impact of contracting, governance and organizational form within organizations. 10. Evaluate how government regulation is constraining and enabling for managerial decisions related to maximizing shareholder wealth. 11. Analyze capital budgeting decisions and the related impact to productivity, cost efficiency, diversification of asset base and impact to future cash flows of the firm. © 2012 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University. ECO 550 Student Version 1128 (1041 8-21-2012) Final   Page 1 of 20

 

ECO 550 – Managerial Economics and Globalization
12. Use technology and information resources to research issues in managerial economics and globalization. 13. Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

© 2012 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University. ECO 550 Student Version 1128 (1041 8-21-2012) Final   Page 2 of 20

 

ECO 550 – Managerial Economics and Globalization
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode. Week...
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