Southern Utah University

Course Syllabus

Southern Utah University
Southern Utah University
Fall Semester 2025

Managerial Economics (Online)

ECON 3010-30I

Course: ECON 3010-30I
Credits: 3
Term: Fall Semester 2025
Department: ECON
CRN: 30184

Course Description

Managerial economics applies microeconomic analysis to the management of the firm. Using economic theory, statistical analysis, and optimization methods, students solve management problems relating to pricing, production and distribution, innovation and technological change, and cost. (Spring) [Graded (Standard Letter)] Prerequisite(s): MATH 1040 - Prerequisite Min. Grade: D-

Required Texts

Managerial Economics and Business Strategy, 10th Edition, Michael R. Baye and Jeffrey T. Prince, McGraw-Hill/Irwin (inclusive access)

Learning Outcomes

At the completion of this course, successful students will
·         Be able to understand fundamental economic theory at both an intuitive and technical level.
·         Be able to apply economic reasoning to managerial problem solving, and strategic planning. 

By helping students learn economic reasoning and how to apply it to business problems, this course addresses several of the university’s Essential Learning Outcomes. In addition, this course helps students achieve the following School of Business learning outcomes: 

o   Be familiar with the fundamental principles and tools associated with each major functional area of business—the relationship between economics and marketing, operations, management, and strategy is an underlying theme of the course. 
o   Possess the technical and analytical skills generally used to facilitate decision making in complex environments—developing qualitative and quantitative tools for business analysis are the essence of Managerial Economics.
o   Have strong critical thinking skills—the course provides experience in applying rigorous economic logic to complex problems.

Course Requirements

The focus of this class is on applying economic theory, principles, and methods to management problems and strategic planning. The central premise of the course is that a sound understanding of economic principles, and a strong ability to apply economic methods, can make a significant difference in managerial decision making and ultimately in the performance of the firm. Broad topics covered include basic microeconomic theory and its applications to business strategy and the economics of organizations.

Prior to taking this course, students must have a sound understanding of basic microeconomics (ECON 2010, or equivalent) and proficiency with basic algebra and calculus.

While the instructor serves to guide, coach, facilitate, and evaluate, learning is ultimately the responsibility of each individual. Students are expected to (1) study the course material, (2) ask questions and seek help with subject matter that is not understood after a reasonable amount of independent study, and (3) carefully and thoughtfully complete all assigned exercises. To be successful in this class, the typical student should expect to spend approximately 12-15 focused hours per week on average, on the various activities involved in achieving the course objectives.

Course Outline

Week 1-2. Intro to Man Econ (Ch 1) / Demand & Supply Analysis (Ch 2)
Week 3-4. Quantitative Demand Analysis (Ch 3) / Production & Costs (Ch 5)
Week 5-6. Production & Costs, continued (Ch 5) / Firm Organization (Ch 6)
Week 7-8. Firm Organization, continued (Ch 6) / The Nature of Industry (Ch 7)
Week 9-10. Managing in Competitive, Monopolistic, & Monopolistically Competitive Markets (Ch 8)
Week 11-12. Brief Intro to Oligopoly Models (Ch 9) / Game Theory (Ch 10)
Week 13-14. Pricing Strategies (Ch 11)

Instructor's policies on late assignments and/or makeup work

Late Assignments and Makeup Work. Late assignments will not be accepted and makeup quizzes will not be given except in unusual circumstances.[1] To account for personal issues that may interfere with completing assignments or taking quizzes, each individual’s lowest problem set score and lowest quiz score will be dropped from the final grade calculation. You should not rely on extra credit for your success in this class.

[1] For expectable events, such as jury duty, wedding and funeral, service notification, wedding announcement and obituary are acceptable documents. For personal health issues, recommendation letters for leave opened by licensed health care providers are acceptable documents. (No personal information of you should be revealed in this letter.) For unexpectable emergency like car accidents, police reports can function as justification for your leave. Please inform me as soon as the event emerges so that we can plan ahead. Ex-ante notification for foreseeable events and prompt notification for unforeseeable emergencies to me are strongly encouraged. As instructor, I reserve the right to decline request for consideration if there is unreasonable latency in the report.

Attendance Policy

This is an online asynchronous class. No real-time attendance is required but students are strongly advised to go through all the learning materials in Module section of Canvas, including summary, practice problems, required assignments, videos, text, etc.

Course Fees

Normal student fees and tuitions as other business classes.

ADA Statement

Students with medical, psychological, learning, or other disabilities desiring academic adjustments, accommodations, or auxiliary aids will need to contact the Disability Resource Center, located in Room 206F of the Sharwan Smith Center or by phone at (435) 865-8042. The Disability Resource Center determines eligibility for and authorizes the provision of services.

If your instructor requires attendance, you may need to seek an ADA accommodation to request an exception to this attendance policy. Please contact the Disability Resource Center to determine what, if any, ADA accommodations are reasonable and appropriate.

Academic Credit

According to the federal definition of a Carnegie credit hour: A credit hour of work is the equivalent of approximately 60 minutes of class time or independent study work. A minimum of 45 hours of work by each student is required for each unit of credit. Credit is earned only when course requirements are met. One (1) credit hour is equivalent to 15 contact hours of lecture, discussion, testing, evaluation, or seminar, as well as 30 hours of student homework. An equivalent amount of work is expected for laboratory work, internships, practica, studio, and other academic work leading to the awarding of credit hours. Credit granted for individual courses, labs, or studio classes ranges from 0.5 to 15 credit hours per semester.

Academic Freedom

SUU is operated for the common good of the greater community it serves. The common good depends upon the free search for truth and its free exposition. Academic Freedom is the right of faculty to study, discuss, investigate, teach, and publish. Academic Freedom is essential to these purposes and applies to both teaching and research.

Academic Freedom in the realm of teaching is fundamental for the protection of the rights of the faculty member and of you, the student, with respect to the free pursuit of learning and discovery. Faculty members possess the right to full freedom in the classroom in discussing their subjects. They may present any controversial material relevant to their courses and their intended learning outcomes, but they shall take care not to introduce into their teaching controversial materials which have no relation to the subject being taught or the intended learning outcomes for the course.

As such, students enrolled in any course at SUU may encounter topics, perspectives, and ideas that are unfamiliar or controversial, with the educational intent of providing a meaningful learning environment that fosters your growth and development. These parameters related to Academic Freedom are included in SUU Policy 6.6.

Academic Misconduct

Scholastic honesty is expected of all students. Dishonesty will not be tolerated and will be prosecuted to the fullest extent (see SUU Policy 6.33). You are expected to have read and understood the current SUU student conduct code (SUU Policy 11.2) regarding student responsibilities and rights, the intellectual property policy (SUU Policy 5.52), information about procedures, and what constitutes acceptable behavior.

Please Note: The use of websites or services that sell essays is a violation of these policies; likewise, the use of websites or services that provide answers to assignments, quizzes, or tests is also a violation of these policies. Regarding the use of Generative Artificial Intelligence (AI), you should check with your individual course instructor.

Emergency Management Statement

In case of an emergency, the University's Emergency Notification System (ENS) will be activated. Students are encouraged to maintain updated contact information using the link on the homepage of the mySUU portal. In addition, students are encouraged to familiarize themselves with the Emergency Response Protocols posted in each classroom. Detailed information about the University's emergency management plan can be found at https://www.suu.edu/emergency.

HEOA Compliance Statement

For a full set of Higher Education Opportunity Act (HEOA) compliance statements, please visit https://www.suu.edu/heoa. The sharing of copyrighted material through peer-to-peer (P2P) file sharing, except as provided under U.S. copyright law, is prohibited by law; additional information can be found at https://my.suu.edu/help/article/1096/heoa-compliance-plan.

You are also expected to comply with policies regarding intellectual property (SUU Policy 5.52) and copyright (SUU Policy 5.54).

Mandatory Reporting

University policy (SUU Policy 5.60) requires instructors to report disclosures received from students that indicate they have been subjected to sexual misconduct/harassment. The University defines sexual harassment consistent with Federal Regulations (34 C.F.R. Part 106, Subpart D) to include quid pro quo, hostile environment harassment, sexual assault, dating violence, domestic violence, and stalking. When students communicate this information to an instructor in-person, by email, or within writing assignments, the instructor will report that to the Title IX Coordinator to ensure students receive support from the Title IX Office. A reporting form is available at https://cm.maxient.com/reportingform.php?SouthernUtahUniv

Non-Discrimination Statement

SUU is committed to fostering an inclusive community of lifelong learners and believes our university's encompassing of different views, beliefs, and identities makes us stronger, more innovative, and better prepared for the global society.

SUU does not discriminate on the basis of race, religion, color, national origin, citizenship, sex (including sex discrimination and sexual harassment), sexual orientation, gender identity, age, ancestry, disability status, pregnancy, pregnancy-related conditions, genetic information, military status, veteran status, or other bases protected by applicable law in employment, treatment, admission, access to educational programs and activities, or other University benefits or services.

SUU strives to cultivate a campus environment that encourages freedom of expression from diverse viewpoints. We encourage all to dialogue within a spirit of respect, civility, and decency.

For additional information on non-discrimination, please see SUU Policy 5.27 and/or visit https://www.suu.edu/nondiscrimination.

Pregnancy

Students who are or become pregnant during this course may receive reasonable modifications to facilitate continued access and participation in the course. Pregnancy and related conditions are broadly defined to include pregnancy, childbirth, termination of pregnancy, lactation, related medical conditions, and recovery. To obtain reasonable modifications, please make a request to title9@suu.edu. To learn more visit: https://www.suu.edu/titleix/pregnancy.html.

Disclaimer Statement

Information contained in this syllabus, other than the grading, late assignments, makeup work, and attendance policies, may be subject to change with advance notice, as deemed appropriate by the instructor.