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Managerial Economics (Online)

Rutgers University – Camden
Department of Economics
Managerial Economics 308/90 [Online]

Instructor: Jonathan R. Brown
Office: Dept. of Economics; Armitage Hall, 316
Email: jbrown.econ@rutgers.edu

Textbook:

“Transactions and Stratgies: Economics for Mangement” by Robert J. Michaels

Statement on Academic Freedom:

Freedom to teach and freedom to learn are inseparable facets of academic freedom. The University has adopted a policy on Student and Faculty Academic Rights and Responsibilities which can be accessed through the following link: http://policies.rutgers.edu/PDF/Section60/60.5.1-current.pdf

Course Goals and Methods:

This course is designed to provide a foundation in applied microeconomics for those who wish to enter the world of management. We will begin by recapping basic economic theory and its application to the business world. Further, we will develop an economic foundation for contract negotiation, and employee relationships, as well as organizational design. The learning structure of an online course relies heavily on the student’s ability to motivate themselves. Weekly quizzes and discussion threads will be used to monitor each students expected high level of commitment to education in this format.  In addition, there will be two midterms and a final exam administered as well as regular homework assigned via Aplia. Weekly preparation should include advanced reading of the textbook and formulating questions and/or relevant real-world examples regarding the material throughout the week. The class is analytical and requires a strong foundation in fundamental algebra.

Homework Assignments:

Assignments will be assigned regularly via Cengage’s Aplia application.  It is imperative that all students register with Cengage.  No late assignments will be accepted without a legitimate excuse (illness, family emergency, etc) prior to the deadline. Detailed instructions on how to register are posted on Sakai.

Discussion Thread:

Discuss threads are to be posted weekly. The first 10 people to post should answer the question to the best of their ability. If you begin your response, and there are at least 10 responses already posted, then your response must include a reference, rebuttal, or further elaboration on a previous post. They will be grades out of 5 as follows:

5 Points Thoughtful and original post relating course material to the discussion at hand.
4 Points Thoughtful and original post with superficial relation to the course material.
3 Points Reiteration of previous post with little substantial orginial content.
2 Points Little or no consideration for course content.
0 Points Incoherent or no response.

Weekly Topics:

1          Ch. 1 – Reasoning and Economics: Models and Information
2          Ch. 2 – Transactions and Instituions: The Building Blocks
3          Ch. 3 – Markets
4          Ch. 4 – Production, Costs, and Supply
5          Ch. 5 & Ch. 6 – Extreme Markets
6          Ch. 7 – Between the Extremes: Interaction and Strategy
7          Ch. 8 – Competition and Strategy
8          Ch. 9 & Ch. 10 – Contracts in Economics
9          Ch. 11 – Information and Risk in Contracts
10         Ch. 12 – Organizations in Concept and Practice
11         Ch. 13 – Organizational Designs
12         Ch. 14 – Vertical Relationships
13         Ch. 15 – Employment Relationships
14         Ch. 16 – Time, Risk, and Options
15         Ch. 17 – Conflict, Negotiation, and Group Choice
16         Final Exam

Policy on Academic Honesty:  Strict adherence to Rutgers University’s Academic honesty policy is expected. A full description of the policy and guidelines cna be found here: http://academicintegrity.rutgers.edu/

Course Grade:

The course grade for this course will be determined according to the following formula:

Assignments (Aplia) 30%
Weekly Discussion Thread 5%
Weekly Quizzes (Aplia) 15%
Tests 1 15%
Test 2 15%
Final Examination 20%

Letter grades for the entire course will be assigned as follows: 

[90% – 100%] = A
[86% – 90%) = B+
[80% – 86%)= B
[76% – 80%) = C+
[70% – 76%) = C
[60% – 70%) = D
Below 60%  = F