|Office Hours:||Tu/Wed 3pm-4pm|
|Class Schedule:||Tu/Th 11am-12:30pm|
|Important Course Pages|
Managerial Economics covers the economic foundations of managerial decision–making. Topics include supply and demand, empirical methods, production and cost, organization and objectives of the firm, competition and monopoly, pricing with market power, oligopoly and monopolistic competition, game theory, uncertainty and information, the agency problem, behavioural economics, and market failure.
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 pricing decisions and competitive strategy decisions. In carrying out economic analysis students should be comfortable using diagrams, a variety of mathematical techniques, and spreadsheets.
Note: dates are from Fall 2013
|Activity||Percent of Grade|
|Assignment #1 Distributed Sept. 19, due Oct. 3||5%|
|Assignment #2 Distributed Nov. 9, due Nov. 23 at beginning of class||5%|
|Midterm Exam Thursday, Oct. 27, 6:30—8:30 pm HEBB 100||35%|
|Class Participation (including clicker questions)||10%|
Required Textbook: Managerial Economics and Strategy, 2nd edition by Jeffrey Perloff and James Brander. This textbook is available in the UBC bookstore or can be obtained at lower cost as an e-book from the bookstore or on-line. Used copies of the 1st edition are also acceptable. Used copies of earlier (custom paperback) editions are not recommended. Access to the helpful online resource MyEconLab comes with new copies, but is not required. Access to MyEconLab by itself is sold at http://catalogue.pearsoned.ca/educator/product/Managerial-Economics-and-Strategy-Plus- MyEconLab-with-Pearson-eT ext-Access-Card-Package/9780134472553.page.
Technology Requirements: All students must have an iClicker and should have a laptop computer. All students must be able to access the Connect website for the course.
Academic Integrity and Plagiarism
All UBC students are expected to behave as honest and responsible members of an academic community. See http://www.calendar.ubc.ca/vancouver/index.cfm?tree=3,54,111,959