Economics - Decision Making (EC 600)

Spring 2012

 

The QU School of Business Mission Statement: The School of Business provides the foundation for lifelong learning to meet the business and leadership challenges of today and tomorrow. Full Statement and Values Here.

 

Syllabus - here

Office #: SB 206   Tel: 582-8745    Email: Christopher.Ball@quinnipiac.edu

Website: http://mywebspace.quinnipiac.edu/cball/

Class Schedule: Thursday 06:30PM - 09:10PM, School of Business, Room 123

Office Hours: Thursdays 5:00 – 6:00 pm and by appointment.

Textbook

The textbook is W. Bruce Allen, Keith Weigelt, Neil Doherty and Edwin Mansfield, Managerial Economics: Theory, Applications, and Cases, 7th Edition, 2009.

Grading Scheme

Homework

10%

   

Exam 1 (March 1st )
Traditional Microeconomics

25%

  Exam 1 Key   

Exam 2 (April 5th  )
Decision Theory and Game Theory

25%

Exam 2 Key  

Industry Study (May 3rd )

15%

   

Exam 3 (Final Exam Date)
Game Theory

25%

Exam 2 Key  

Additional Resources

Trading Pit Experiment (1st day of class): General Sheet        Spring 2012 Results

 

Practice Problems Helpful Videos
Traditional Microeconomics Basics
Basic Supply and Demand:  Practice Problems Basic Supply and Demand: Factors of D , Factors of S , S&D Analysis
Production: practice problems
Costs & Market Structures : practice problems
Production: Resource Allocation & Tangency
Costs: Marginals Pull Averages
Market Structures - Perfect Competition: Measure Profit in Graph & Perf Comp , Shutdown vs Entry& Exit
Monopolies: Monopolies
Putting it All Together: Part 1 , Part 2

Elasticity: Practice Problems  (KEY for #1 & #2)

Reading on Elasticity: Reading on Elasticity

Pricing Policies: Practice Problems  (KEY)

Elasticity: Basics , D-Curves & Rev Part 1 , D-Curves & Rev Part 2
Arc Elast: Part 1 , Part 2 
Calculus Based: Calc Part 1 Calc Part 2
Modern Microeconomics: Risk, Game Theory/Strategy, and Asymmetric Information
Chap 13: Risk Analysis
Book Problems
Practice Problems       (KEY)
Class Notes
Chap 11: Game Theory

Extensive Form Entry Games
Asymmetric Info Games I
Asymmetric Info Games II
Readings:
Game Theory basics
Mixed Strategies - theory ; stories
Sequential Moves
Bargaining