SAUDER School of Business COMMERCE 295 (921): Managerial Economics Course Outline COURSE INFORMATION Instructor: Ratna K. Shrestha E-mail: canvas Class Location: HA 491 UGO Support: Gabriela Delgado gabriela.delgado@sauder.ubc.ca Class Time: T/Th 1.00-4.00 PM Teaching Assistants: Sheldon Xu, Paul Huang Pre-requisites: Principles of Microeconomics, and 1st-year math (including calculus) COURSE DESCRIPTION Managerial Economics (COMM 295/FRE 295) covers the economic foundations of managerial decision-making. Topics include the supply-demand model, empirical analysis of demand, production and costs, the organization of the firm, market structure, pricing, game theory, uncertainty, behavioral economics, information, the agency problem, and market failure. LEARNING OBJECTIVES By the end of the course, students should be able to apply economic models and economic analysis to a wide range of business problems, especially production decisions, pricing decisions and competitive strategy decisions. In carrying out economic analysis students should be comfortable using diagrams, a variety of mathematical techniques, and spreadsheets. Grading MyLab Home works (4 HWs) Midterm Exam: - 30% Date: Saturday, June 4th (Time: 6:30-8:30pm) Room: LIFE 2201 Class Participation - 10% Final Exam (Exam Period) - 45% Total: 100% - 7% #1 and 2 due May 28/June 4 #3 and 4 due June 11/18 - 8% - 1 -
SAUDER School of Business COMMERCE 295 (921): Managerial Economics Required Textbook: Course Outline Required: Managerial Economics and Strategy, third edition, by Jeffrey Perloff and James Brander, on-line version, published by Pearson. The ISBN is 9780134899701. The on-line version provides access to Pearson's MyLab and the Pearson eText. Estimated cost: $95 (UBC Book Store). The price for direct purchase while registering could be higher. To do the MyLab homework, you will need to register to MyLab. The registration information is posted on Canvas website. While registering please use your name as it appears in Canvas. Also use your student (school) ID. Class Participation marks of 10% is based on classroom clicker activities. Almost every lecture/meeting will have a clicker session (with 3 to 6 questions). Each question will carry 2 marks, 1 for participation and 1 for getting the answer right. COURSE-SPECIFIC POLICIES AND RESOURCES Canvas and Course Notes Lecture notes and old-exam questions (with solutions) will be posted on canvas. Some other extra materials may also be posted on Canvas. Academic Concessions for Missed Assignments and Exam Conflicts UBC policy regarding academic concessions is described in Senate Policy V-135, including a full listing of valid reasons for academic concessions and explanations of them. The most common accommodation for missed midterm is to shift the weight to the final exam. In the case of final exams, we cannot shift the weight to other course components and it is usually necessary for the student to do a deferred or supplemental exam in accordance with UBC policy. We do not normally allow "make-up exams/assignments" or "extra work" to substitute for missed exams or assignments. The most common reasons for academic concessions relate to illness, family emergency, or conflicting obligations, including participation in UBC sports teams and certain other UBC activities. Just contact me (preferable by