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Managerial Economics

 

The crucial step in tackling almost all important business decisions begins

with a single question: What is the alternative?
- Anonymous

 

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ECON 3125 - Managerial Economics

Summer I, 2006

 

Textbooks

 

   Required:

     Samuelson & Marks, Managerial Economics

       

   Optional:

       Study Guide to accompany the text, available in bookstore

 

 

Course Syllabus

      ECON 3125-002

 

Quantitative methods workbook developed by Prof. Liner:

http://www.belkcollege.uncc.edu/ghliner/quantmethod.doc

 

PowerPoint Slides (Download free PowerPoint slide viewer)

 

 Ch 2 - Profit Max

 Ch 3 - Demand and Elasticity (Part 1)

                  Part 2

                  Part 3

 Ch 4 - Estimating Demand (Part 1)

            Part 2

 Ch 6 - Production (part 1)

                  Part 2 - corrected

Ch 7 - Costs (part 1)

Ch10 - Perfect Competition

Ch 11 - Monopoly

Ch 12 - Oligopoly

 

Problems and Misc Worksheets

 

Solution to selected end-of-chapter questions

        PDF format.  Not pretty, but effective. (no peeking until you work them yourself)

       

 

Problem Handout

Answers to Thursday 5/25 Ch 2 problem handout

1 - Q=20, profit=$9,875

2 - Q=10, P=$15

3 - A=40 (Thanks for pointing this out to me - I wrote my equation wrong - this answer is correct)

4 - Q=50

5 - Q=10,000, P= $3,000.  Max revenue would require Q=15,000

6 - Q=52,500, P=$6.75, marginal profit = zero, Max revenue Q=60,000

   

Detailed solutions to above problems

 

Ch 3 - Problem Set from June 2 class

    Solutions  PDF - Somehow they ended up out of order, but all 10 solutions are there.   

 

Elasticity solutions to in-class regression equation

 

Practice derivatives - these are enough to get you thru the first test.  They'll get tougher later.

 

 

 

TEST SCHEDULE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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