Managerial Economics

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 2350
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined
Campus
New Westminster

Overview

Course Description
This course develops and applies economic theory and methods to business and administrative decision-making. Prospective managers will learn a set of operating rules that aid in the efficient utilization of scarce human and capital resources. To that end, optimization techniques are employed to determine appropriate courses of action for decision-makers and case studies are examined to apply economic analyses to practical situations.
Course Content
  1. Introduction to managerial economics
  2. Review of economic optimization using marginal analysis
  3. Demand analysis and estimation
  4. Production theory
  5. Technological change and industrial innovation
  6. Cost analysis and estimation
  7. Competitive markets
  8. Monopoly
  9. Imperfect competition and game theory
  10. Government and business
  11. Managerial economics:  Taking a global view
Methods Of Instruction

Lectures and seminars which will be devoted to discussions of the major issues in monetary economics and the recent developments in the financial markets.

Means of Assessment
Final Examination 30% - 40%
Term Tests 40% - 70%
Assignments  0% - 20%
Participation  0% - 10%
Total         100%

THERE WILL BE A MINIMUM OF THREE (3) EVALUATIONS.

Learning Outcomes

At the end of the course, the student will be able to:

  1. utilize optimization techniques to determine appropriate courses of action for decision-makers in a managerial setting;
  2. apply demand theory to pricing problems and develop methods of analysis to estimate demand empirically;
  3. examine, within a theoretical and applied context, the process by which the costs of production are determined;
  4. develop a method of analysis which will enable the student to analyze the impact of market structure on the behaviour of firms;
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

Will be chosen by the instructor from one of the following:

 

Hirschey, M. and J.L. Pappas.  Managerial Economics, Latest Ed.  The Dryden Press.

Mansfield, E.  Managerial Economics, Theory, Applications, and Cases, Latest Ed.  W.W. Norton & Company.

Nicholson, W.  Intermediate Microeconomics and its Application, Latest Ed.  The Dryden Press.

Samuelson, W.F. and S.G. Marks.  Managerial Economics, Latest Ed.  The Dryden Press.

Truett, L.J. and D.B. Truett.  Managerial Economics, Latest Ed.  South-Western Publishing Co.

Requisites

Prerequisites

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ECON 301 (3) 2010/09/01 to -
Acsenda School of Management (ASM) ASM EC 3201 (3) 2006/01/01 to 2010/08/31
Alexander College (ALEX) ALEX ECON 295 (3) 2008/09/01 to -
Capilano University (CAPU) CAPU ECON 207 (3) 2004/09/01 to -
Coquitlam College (COQU) COQU ECON 250 (3) 2004/09/01 to -
Langara College (LANG) LANG ECON 2296 (3) 2004/09/01 to -
Simon Fraser University (SFU) SFU BUS 207 (3), Q 2004/09/01 to -
Thompson Rivers University (TRU) TRU ECON 2900 (3) 2010/09/01 to 2014/08/31
Thompson Rivers University (TRU) TRU ECON 290 (3) 2004/09/01 to 2010/08/31
Thompson Rivers University (TRU) TRU ECON 3040 (3) 2014/09/01 to -
Trinity Western University (TWU) TWU ECON 2XX (3) 2004/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO ECON 204 (3) 2005/05/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 295 (3) 2010/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 2nd (3), Precludes UBCV COMM 295 2004/09/01 to 2010/08/31
University of Northern BC (UNBC) UNBC ECON 2XX (3) 2004/09/01 to -
University of the Fraser Valley (UFV) UFV ECON 1XX (3) 2004/09/01 to -
University of Victoria (UVIC) UVIC ECON 205 (1.5), Credit will not be given for this course if UVIC ECON 203 has already been completed. 2013/09/01 to -
University of Victoria (UVIC) UVIC ECON 2XX (1.5) 2004/09/01 to 2013/08/31

Course Offerings

Winter 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
12828
Thu
04-Jan-2021
- 12-Apr-2021
04-Jan-2021
12-Apr-2021
Badh
Sukhvinder
Open
Online
This course will include some synchronous on-line activities. Students should plan to be available on-line at scheduled course times. Synchronous on-line activities may include lecture, or they may not. In some courses, synchronous class time may be used instead for active learning components (e.g. discussions, labs).
Max
Enrolled
Remaining
Waitlist
35
0
35
0
Days
Building
Room
Time
Thu
9:00 - 11:50