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    Managerial Economics Course Outline

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    kigen
    This document outlines a course on managerial economics to be offered in the fourth year of an economics program. The course will cover topics such as optimization techniques, risk analysis, demand theory, production theory, cost theory, and industrial organization. It will be taught through lectures, group discussions, and presentations. Student performance will be evaluated based on continuous assessments (30%) and a final exam (70%). The course aims to teach students how to apply economic principles to managerial decision-making. Recommended textbooks and reference materials are also listed.

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    Managerial Economics Course Outline

    Uploaded by

    kigen
    23 views4 pages
    This document outlines a course on managerial economics to be offered in the fourth year of an economics program. The course will cover topics such as optimization techniques, risk analysis, demand theory, production theory, cost theory, and industrial organization. It will be taught through lectures, group discussions, and presentations. Student performance will be evaluated based on continuous assessments (30%) and a final exam (70%). The course aims to teach students how to apply economic principles to managerial decision-making. Recommended textbooks and reference materials are also listed.

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    Managerial Economics Course Outline (1)

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    This document outlines a course on managerial economics to be offered in the fourth year of an economics program. The course will cover topics such as optimization techniques, risk analysis, demand theory, production theory, cost theory, and industrial organization. It will be taught through lectures, group discussions, and presentations. Student performance will be evaluated based on continuous assessments (30%) and a final exam (70%). The course aims to teach students how to apply economic principles to managerial decision-making. Recommended textbooks and reference materials are also listed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views4 pages

    Managerial Economics Course Outline

    Uploaded by

    kigen
    This document outlines a course on managerial economics to be offered in the fourth year of an economics program. The course will cover topics such as optimization techniques, risk analysis, demand theory, production theory, cost theory, and industrial organization. It will be taught through lectures, group discussions, and presentations. Student performance will be evaluated based on continuous assessments (30%) and a final exam (70%). The course aims to teach students how to apply economic principles to managerial decision-making. Recommended textbooks and reference materials are also listed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    September to December 2022 Semester

    KyU/F/ASA/02
    SCHOOL: ……BUSINESS AND EDUCATION………………………………………….

    COURSE OUTLINE

    DEPARTMENT: …………ECONOMICS…………………………………….

    PROGRAMME: ……………………ECONOMICS……………………………………….

    YEAR: ………IV……………… SEMESTER: …………II……………….…………………

    UNIT CODE:…BEC 2411… UNIT TITLE : MANAGERIAL ECONOMICS………….

    LECTURE HOURS: ……………. PRE-REQUISITES: ……………………..

    LECTURER : …Dr Gideon Thuku…………………………….

    LECTURER CONTACTS : ………………………….

    EMAIL:gideonthuku@gmail.com………………. TEL: …0722 418894……

    1.0 COURSE PURPOSE

    2.0 LEARNING OUTCOMES


     To apply basic economic principles in specific concerns of managers such as
    pricing, forecasting, and production decisions.
     To analyze theoretical and empirical factors affecting behavior of business
    costs and revenues.
     To apply economic models to different market environments in which firms
    operate with special attention to the effects of antitrust policy, government
    regulation and international trade policy

    3.0 COURSE OUTLINE


    Week Topic Sub-Topic Remarks

    1 Introduction Definition of managerial economics,


    Managerial economics and economic
    theory, Managerial economics and
    decision science, The Objective of the

    KyU is ISO 9001:2015 Certified


    September to December 2022 Semester
    Firm, The Shareholder’s Wealth
    Maximization Model of the Firm
    2 Optimization Methods of Expressing Economic
    Techniques and Business Relationships, Rules of
    Differentiation, Use of Derivatives to
    Maximize the Difference Between
    two Functions, Optimization by
    Marginal Analysis, Multivariate
    Optimization, Constrained
    Optimization.
    3 Risk Analysis Risk and uncertainty in managerial
    decision making, Risk and
    probability,
    Probability distribution and
    expected value, The standard
    deviation and coefficient of variation:
    measures of risk, Decision rule.
    4 Demand Market demand,
    Theory Determinant of market demand
    5 CAT ONE
    6 Demand The market demand equation
    Estimation Elasticity of demand
    7 Production Techniques of demand estimation,
    Theory Consumer clinics and market
    experiments,
    Demand estimation and regression
    analysis
    8 Production Some basic concepts
    Theory The production function
    The short-run production function--
    9 The Theory of Some analytical cost concepts
    Cost Short-run total and per unit cost
    functions
    10 CAT TWO
    11 The Theory of Break-even
    Cost Break-even point-linear cost and revenue
    functions-
    12 Industrial Industrial, structure
    Structure Conduct

    KyU is ISO 9001:2015 Certified


    September to December 2022 Semester

    13 Industrial Performance
    Structure Interaction between structure conduct and
    performance

    14 Revision

    4.0 TEACHING METHODOLOGY


    Lectures
    Group discussions
    Class presentations

    5.0 INSTRUCTIONAL MATERIALS


     Computers, projector, lecture notes, text books, internet materials

    6.0 COURSE EVALUATION


    Continuous Assessment Tests (30%)
    Final Examinations (70%)

    7.0 COURSE TEXTBOOKS


    1. Allen W. Bruce, et al (2005) Managerial Economics: Theory, Applications, and Cases.
    W. W Norton & Company.
    2. Petersen H. Craig and Lewis, W. Cris (2004) Managerial Economics, 4th Edition,
    Prentice-Hall of India Private Limited.

    8.0 REFERENCE TEXTBOOKS


    1. Coyne J. Thomas (1981) Readings in Managerial Economics, 3rd Edition, Business
    Publications Inc., Texas
    2. Keat G. Paul and Young K. Philip, Managerial Economics: Economic Tools for
    Today’s Decision Makers, 5th Edition, Pearson Education Inc., New Jersey.
    3. Spencer Milton and Siegelman Louis, Managerial Economics Decision Making and
    Forward Planning, Richard D. Irwin, Inc., Illinois.

    KyU is ISO 9001:2015 Certified


    September to December 2022 Semester
    9.0 COURSE JOURNALS
    Block, W. (2001). Cyberslacking, business ethics and managerial economics. Journal of
    Business Ethics, 33(3), 225-231.
    10.0 REFERENCE JOURNALS

    Charnes, A., & Cooper, W. W. (1977). Managerial Economics--Past, Present and Future.


    TEXAS UNIV AT AUSTIN CENTER FOR CYBERNETIC STUDIES.

    KyU is ISO 9001:2015 Certified

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