Managerial Economics

Details (Vorlesungsverzeichnis) 351-0511-00L 

Prof. Thomas F. Rutherford

Prof. Volker Hoffmann

Mr. Florian Landis

Syllabus

Information about Homework and Reciations (program revised October 21)

Timeline for Grading the Homework

Lecture notes:

• Introduction to the Course (September 23, 2011)
• Market Forces and A Market Model in Excel (XLS file) from September 30.
• Quantitative Demand Analysis and Demand Estimation in Economics (XLS file)
  
• Consumer Demand (basic ideas, mathematics, demand functions)
• Consumer Choice Examples and Intro to Cost Theory
• Technology and Innovation Management
• Economies of Scale and Scope and Organization of the Firm
• Market Structure and Oligopoly (XLSM file)
• The Nature of Industry and Complex Pricing (XLS file)
• More Oligopoly and Game Theory
• Economics of Information and Risky Assets
  
• Mock final exam with solutions
  

Reading:

• NPR Interview with Marc Levinson, author of The Great A&P and the Struggle for Small Business in America.
• NPR Interview of Charles Fishman, author of The Wallmart Effect
• De Soto The Mystery of Capital
  

Homework:

1. Due 30 September 2011 with (XLS file) and Notes - Solution with grading information, XLS file
   
2. Due 7 October 2011 with (XLS file) and Notes and hints for MATLAB - Solution with grading information, XLS file, M file
   
3. Due 14 October 2011 with (XLS file) and Notes - Solution with grading information
4. Due 21 October 2011 with (m file) and Notes - Solution with grading information
5. Due 4 November 2011 with Notes - Solution with grading information
6. Due 11 November 2011  with Notes - Solution with grading information
   
7. Due 18 November 2011  with Notes - Solution with grading information
8. Due 2 December 2011  with Notes (updated 30 November) and the Parking Lot Investment Problem (XLS file) - Solution with grading information
   
9. Due 13 December 2011 (Tuesday)  with Notes - Solution with grading information

 Textbook: Michael Baye, Managerial Economics & Business Strategy,  edition 7e, 2010, McGraw-Hill.  ISBN 0073375969.

Important Dates:

Volker Hoffman will be teaching on October 28 (technology management), November 25 (firm-level decisions), and December 16 (investment under uncertainty).  These classes are based on case-study methods and attendance is mandatory.

Attendance in ordinary lectures by Professor Rutherford and recitations by Mr. Landis is not required, but lecture notes will only be posted when more than half the class is present.

Supplementary Material:

forthcoming