Lecturer: Agim Kukeli, Ph.D.
E-mail: akukeli@uamd.edu.al
Schedule: Tue, Wed, Thu 16:30-17:00 and 20:00-20:30
Room: 4-D Office
Hours: By Appointment
 Course Objectives: This course is a natural extension of microeconomics theory, tools, and analysis at the intermediate level and beyond. It deals with applicable methods regarding the way a market economy allocates resources for the production and distribution of goods and services.

The course aims at teaching students how to analyze business situations, gather and process data, and then estimate variables of interest to give an educated and theory grounded solution. At the end of the course students should be able to rigorously apply the estimation techniques about the demand, supply, costs, profits, market structure, and decision making in business setting.

Prerequisites: Introduction to Microeconomics, Macroeconomics, and Composition II

Required Text: Managerial Economics, by Maurice/Thomas, 9th Edition, McGraw-Hill, 2008

Grading and Assessment: There will be one midterm exam, one research paper and a presentation, and a final exam. You will have to do a presentation and write a research paper on a topic pertaining to topics covered in this course. The deadline for the research paper will be announced in class. Classroom discussion of topics and current socio-economic events is essential for the successful completion of this course. Class participation is not merely attendance; rather, it is active involvement and thoughtful contributions to the discussion of selective themes.

Grade Weights are as follows:

Midterm Exam
Paper & Presentation (20+10) Final Exam

Grade Breakdowns are as follows:

B 83-86% B- 80-82% C+ 77-79%

General Policies:

30 % 30% 40%

A

96-100%

90-95%

87-89%

C

D+

73-76%

A-

  •   Lecture attendance is mandatory. UNYT’s policy is that if a student is absent for more than 20% of the course (i.e. 9 hours), then ‘F’ will be the grade awarded for the course.
  •   The workload assumes that students are spending two hours studying for every one hour in class. For this session that means that you should expect to study for about 6 hours a week outside of the class time.

C-

70-72%

B+

63-66% D- 60-62%

67-69%

D

F

0-59%

  •   I reserve the right to make changes in the syllabus that do not affect the total amount of work required by students.
  •   Students who are disruptive in class will be asked to leave. Disruption includes anything that negatively interrupts the flow of lecture or discussion. If you need to sleep, please do so outside of class. Cellular phones should be off during class. On no account should students answer their cell phones during class, or leave the room to do so unless you clear it with the professor before class starts.
  •   I encourage students to work together and help each other out as much as possible in terms of discussing and reviewing the material. However, each student must turn in or complete in class work they have completed originally for this class. Plagiarism involves passing of the work of others as your own or any other form of academic dishonesty such as copying from another student in class or submitting the same paper to two different classes. The first incident of plagiarism or cheating will result in a “zero” on the assignment or exam. The second incident will result in an automatic “F” in the course, and appropriate action will be taken with the university authorities.The Course Schedule

Date

Topic

Chapter (s)

WEEK I

Managers, Profits, and Markets.
Demand, Supply, and Market Equilibrium.

1-2

WEEK II

Marginal Analysis for Optimal Decisions. Basic Estimation Techniques.

3-4

WEEK III

Theory of Consumer Behavior. Elasticity and Demand.

5-6

WEEK IV

Demand Estimation and Forecasting.

7

WEEK V

Production and Cost in the Short Run. Production and Cost in the Long Run.

8-9

WEEK VI

Issues, structure, and requirements of a research paper. Review for the midterm examination.

NO

WEEK VII

Midterm Exam.

1-9

WEEK VIII

Production and Cost Estimation

10

WEEK IX

Managerial Decisions in Competitive Markets Managerial Decisions for Firms with Market Power

11-12

WEEK X

Strategic Decision Making in Oligopoly Markets Advanced Pricing Techniques

13-14

WEEK XI

Decisions Under Risk and Uncertainty

15

WEEK XII

Government Regulation of Business

16

WEEK XIII

Paper presentation.

No

WEEK XIV

Paper presentation and review for final examination.

No

WEEK XV

Final examination.

1-19

Good Luck!