ECON 520 – Managerial Economics 1 The University of North America ECON 520 - Managerial Economics COURSE SYLLABUS Professor: Boris Nikolov, PhD E-mail: [email protected] Last Reviewed and Updated on: October 10, 2014, 2014 Course Description: In this course, students develop an understanding of the application of economic theory to managerial decision-making. Students will apply economic tools and techniques, including both qualitative and quantitative methods, to analyze business problems and formu- late solutions. Students will explore supply and demand, forecasting and cost estimation in practical situations to evaluate the best business strategy decisions for firms operating in various markets. Credit Hours: 4.5 Class Instruction: 45 Hours No prerequisites. Course Objectives: • To test knowledge and skills at making economic policy decisions. • To examine fundamental micro and macroeconomic decision-making tools. • To identify how to apply scarcity principle and cost-benefit analysis. • To develop advanced knowledge and practical competencies to create and sustain above average return in the economy. Course Deliverables: 1. Coursework Assignments 2. In Class Activities 3. Moodle Discussion Participation 4. Final Exam 5. Project I ECON 520 – Managerial Economics 2 6. Project II 7. Project Presentation 8. Reflective Paper Text and Supporting Materials: Frank, Robert, Bernanke, Ben, Principles of Economics, 5 th edition, McGraw-Hill, ISBN: 978-007-3511405 Course Methodology On-ground courses at UoNA are supplemented with online activities using the Moodle platform allowing students to maximize in- person time in the classroom and support collaborative activities that take place remotely. Academic terms are scheduled to include ten (10) on-ground sessions. In the last week of class, students present course projects to their faculty members and colleagues. Online courses use the online modality for delivery. An online course has the same content and student learning outcome expecta- tions as when the course is delivered in an on-ground modality. Moodle Learning Management Platform: In Moodle each course has a web page known as a course shell. By accessing the course shell, you may:  review syllabi, reading lists, class schedules, and deliverable assignments  obtain copies of class presentations, handouts and notes  check out related web sites listed in the Resources area;  email your professor and fellow students  chat with other students and  submit assignments. All students are assigned a University of North America email account for their use. It is important to use this student email account when communicating with your professor or the administrative offices so that you do not miss important communications. Instructor Availability: Responsive communication is a key objective of delivering quality service to our students. As ...

1. ECON 520 – Managerial Economics 1
The University of North America
ECON 520 - Managerial Economics
COURSE SYLLABUS
Professor: Boris Nikolov, PhD
E-mail: [email protected]
Last Reviewed and Updated on: October 10, 2014, 2014
Course Description:
In this course, students develop an understanding of the
application of economic theory to managerial decision-making.
Students will
apply economic tools and techniques, including both qualitative
and quantitative methods, to analyze business problems and
formu-
late solutions. Students will explore supply and demand,
forecasting and cost estimation in practical situations to
evaluate the best
business strategy decisions for firms operating in various
markets.
Credit Hours: 4.5
Class Instruction: 45 Hours

2. No prerequisites.
Course Objectives:
• To test knowledge and skills at making economic policy
decisions.
• To examine fundamental micro and macroeconomic decision-
making tools.
• To identify how to apply scarcity principle and cost-benefit
analysis.
• To develop advanced knowledge and practical competencies to
create and sustain above average return in the economy.
Course Deliverables:
1. Coursework Assignments
2. In Class Activities
3. Moodle Discussion Participation
4. Final Exam
5. Project I
ECON 520 – Managerial Economics 2
6. Project II
7. Project Presentation
8. Reflective Paper
Text and Supporting Materials:
Frank, Robert, Bernanke, Ben, Principles of Economics, 5
th

3. edition, McGraw-Hill, ISBN: 978-007-3511405
Course Methodology
On-ground courses at UoNA are supplemented with online
activities using the Moodle platform allowing students to
maximize in-
person time in the classroom and support collaborative
activities that take place remotely. Academic terms are
scheduled to include
ten (10) on-ground sessions. In the last week of class, students
present course projects to their faculty members and colleagues.
Online courses use the online modality for delivery. An online
course has the same content and student learning outcome
expecta-
tions as when the course is delivered in an on-ground modality.
Moodle Learning Management Platform:
In Moodle each course has a web page known as a course shell.
By accessing the course shell, you may:
assignments
ow students

4. All students are assigned a University of North America email
account for their use. It is important to use this student email
account
when communicating with your professor or the administrative
offices so that you do not miss important communications.
Instructor Availability:
Responsive communication is a key objective of delivering
quality service to our students. As your instructor I will make
every at-
tempt to deliver a level of service within the following
guidelines:
subsequent assignment are reliant on) within 5 days of
assignment
submission (provided it is submitted on time)
ECON 520 – Managerial Economics 3
the following assignment
In addition, I am available to support you in your efforts to
succeed. You may reach me in a variety of ways:
ring weekly class sessions (see schedule)
-mail (preferred for individual questions).

5. Grading Plan:
The grade given to each student at the end of the course will be
based on a multi-dimensional evaluation of student efforts. The
are-
as of evaluation are as follows:
COMPONENT % OF GRADE
Participation & In-class Assignments 15
Moodle Discussions 20
Coursework Assignments (3 @ 5% each) 10
Project Deliverable 1 10
Project Deliverable 2 15
Presentation 10
Reflective Paper 5
Final Exam 15
Total 100
Students will be assigned grade deductions for late assignments.
Assignments late by one week will receive a reduction of 10%
of
the grade; those late by two weeks will receive a reduction of
20% of the grade; and those later than 2 weeks will receive a
reduction
of 25% of the grade. The grading scale which will be used is as
follows:

6. Letter Grade Range
A 93.00 – 100.00 %
A- 90.00 – 92.99 %
B+ 87.00 – 89.99 %
B 83.00 – 86.99 %
B- 80.00 – 82.99 %
C+ 77.00 – 79.99 %
C 70.00 – 76.99 %
F < 70.00 %
ECON 520 – Managerial Economics 4
Moodle Discussions
A graded Moodle discussion topic is posted for each week of
the academic term. Students are required to participate in the
discus-
sion during the week by responding to the general topic, and
responding to posts of other members of the class. Substantive
and rel-
evant responses are expected for graded discussion forums.
A non-graded “Open Forum” discussion is also available for
students to post inquiries for the professor or other class

7. participants.
Coursework
Coursework assignments are posted in the Moodle course shell
and must be submitted via the Moodle drop box by the due date.
Any assignments submitted via email will not be accepted.
Students will be assigned grade deductions for late assignments.
As-
signments late by one week will receive a reduction of 10% of
the grade; those late by two weeks will receive a reduction of
20% of
the grade; and those later than 2 weeks will receive a reduction
of 25% of the grade.
Project Guidelines
Projects are group or individual activities which directly tie
course materials to work environments and real-world
situations. Students
are encouraged to work in groups, draw from the experiences of
their colleagues, and incorporate meaningful activities that can
be
applied within their own work environment.
Project Presentation Guidelines
A PowerPoint presentation of the project report must be
submitted which will be graded in Presentation section of the
Grading plan.
Each group will prepare one PowerPoint presentation including
all the major components of the project report.
Reflective Paper
Students are required to submit a short reflective paper at the
end of the course in which they identify the relevance of the
course
materials and learning to the workplace. Students are

8. encouraged to identify direct links between course topics to
specific work situa-
tions or experiences occurring during the academic term.
Academic Integrity
Plagiarism is a violation of the integrity of the academic
community. Intentionally representing someone else’s work as
one’s own or
using another’s ideas in a written paper or presentation without
appropriate citations and references will result in failure or
dismissal.
We define plagiarism as "the use of someone else’s words or
ideas without proper credit" and recognize several types of
plagiarism,
such as:
g the source;
ECON 520 – Managerial Economics 5
in language and syntax without acknowledging the source; and
ment in a course which was previously
submitted for a grade in another course.
Attendance and Class Participation
Attendance Policy
Attendance is considered to be essential by the University.

9. Attendance includes presence in scheduled class sessions,
participation
in assigned online activities, and active engagement in group
applied learning projects.
A student may not miss more than 25% of the term activities, or
no more than two scheduled class meetings the student will
receive
a failing grade (F), for international students on F-1 visas, they
are still required to attend all remaining classes and
successfully
complete the remainder of their projects and assignment to be
able to maintain their immigration status. Each student is
required to
sign the attendance sheet for scheduled class sessions to be
considered present.
For distance education courses, students must post appropriate
answers to scheduled assignments and discussions questions at
least once during a given week (Saturday through Friday) to be
considered present.
Absences
There is no such thing as an "excused absence"; either the
student is present or the student is not. Students must contact
their pro-
fessor prior to a class meeting via email if a student must miss a
class. When a class session is missed, all work missed must be
made up by the next class session.
Students will be issued a warning from their academic advisor
for the first two absences in a term. If a student misses a third
session,
a failing grade will be recorded, and the student will be required
to repeat the course. However, students are expected to continue

10. attending classes for the remainder of the term. Absences in
excess of three class sessions may result in suspension from the
Uni-
versity unless a special exception approval is granted by the
Academic Department.
ECON 520 – Managerial Economics 6
Class Schedule
Week Lecture Time Topics/Discussions Readings/ Assignments
1 Thinking Like an Economist
Comparative Advantage
Read Chapters 2 and 3
Moodle Discussion 1
2 Elasticity
Demand
Read Chapters 4 and 5
Moodle Discussion 2

11. Coursework 1 due on October 25
3 Perfectly Competitive Supply
Efficiency, Exchange and the Invisible Hand in Action
Project 1
Read Chapters 6 and 7
Moodle Discussion 3
Project 1 due on November 1
4 Monopoly, Oligopoly and Monopolistic Competition
Games and Strategic Behavior
The Economics of Information
Read Chapters 8, 10 and 11
Moodle Discussion 4
5 Labor Markets, Poverty and Income Distribution
Public Goods and Tax Policy
Read Chapters 12 and 14
Moodle Discussion 5
Coursework 2 due on November 15

12. 6 Spending, Income, and GDP
Inflation and the Price Level
Read Chapters 15 and 16
Moodle Discussion 6
7 Wages and Unemployment
Economic Growth
Read Chapters 17 and 18
Moodle Discussion 7
8 Saving, Capital Formation, and Financial Markets
Money, Prices and the Financial System
Project 2
Read Chapters 19 and 20
Moodle Discussion 8
Project 2 due on December 6
9 Macroeconomic Policy
Exchange Rates, International Trade, and Capital Flows
Read Chapters 25 and 26
Moodle Discussion 9

13. 10 Final Exam
Project Presentations
Reflective Paper
December 20
December 20
December 20
ECON 520 – Managerial Economics 7