1. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions course syllabus blended model student version next Cover evening classes Managerial Economics MBA 611 Benedictine Hallmarks 2011-2012 STABILITY  STEWARDSHIP

2. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Benedictine University Margaret and Harold Moser Center 1832 Centre Point Circle Naperville, IL 60563 Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience Discipline  Humility  Stewardship  Hospitality  Community Phone: (630) 829-6289 Fax: (630) 829-1375 moser college mission and vision Addresses the educational needs of adult students by developing and providing engaging, relevant and accelerated programs. Enhances scholarship, leadership skills, social responsibility, and promotes life-long learning. Provides high-quality, easily accessible educational opportunities for adult learners. Enables adults to earn specific undergraduate and graduate degrees while maintaining their personal and professional commitments. Develops new degree and non-degree programs that address the expressed needs of the professional community. course syllabus blended model Moser College Mission Statement: Moser College embodies the values of respect, excellence, collaboration, and professionalism. We are committed to delivering innovative and dynamic programs designed for adult students who are dedicated to enhancing their professional, local, and global communities. Moser College Vision Statement: To be one of the premier university colleges in the nation. MBA 611 Managerial Economics student version about this document about Moser College about blended learning hallmarks of a Benedictine education student expectations attendance policy submission of work netiquette _________________________ IDEA objectives & IDEA description course overview required textbooks grading scale learning outcomes course schedule financial aid library resources Academic Honesty Policy APA formatting and style APA resources for students Student Success Center (SSC) services for students with disabilities _________________________ Benedictine Current Students Moser Center Student Information Student Login to D2L Student E-Mail Login Academic Calendars BenUConnect  MyBenU contents links 2 Content Links external links

3. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community About Blended Learning Blended learning is the integration of different learning environments: mainly the online format with the face-to-face format, but may also include mobile learning. Blended learning, also referred to as hybrid learning, relies on both the advantages of digital/technology innovation and the methods of face-to- face instruction. At Moser College, we use blended learning by combining asynchronous online classroom sessions with a face-to-face classroom environment. We alternate between the online session and the face-to-face session in 5-week courses, with the A session being face-to-face and the B session being online. 3 About Your Program at Benedictine University – Moser College About This Document This is a hypermedia document – it has been built to mimic navigation on the web. This document can also be viewed as a presentation or it can be printed like a traditional document. We use this sort of document because it allows for navigation links (hyperlinks) to text, graphics, audio/video, and the web. This type of document also allows you to navigate in a nontraditional, nonlinear way – by following the page links you are not bound to read or flip through the document in any sort of order. This is yet another example of Moser College’s commitment to advancements in technology and blended learning. About Moser College The Moser College of Adult & Professional Studies delivers its curricular programs in a specifically designed structure deliberately oriented for working, adult learners. The Moser College is committed to providing a learning environment which extends beyond the classroom and is designed specifically to meet the needs of its students and their employers by bringing a quality educational experience without requiring the student to relocate or travel extensively beyond their home area. Benedictine University's Moser College of Adult & Professional Studies is fully accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools*. hallmarks of a Benedictine Education: About Managerial Economics | MBA 611 * web pathBenedictine UnivAcademic ProgramsMoser College

4. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 4 The Ten Hallmarks of a Benedictine Education A Benedictine Education Based on the Rules of Saint Benedict, a Benedictine Education is based on the Benedictine Wisdom Tradition that sets as its goals the transformation of the Human mind AND Heart and has at its foundation “The Ten Hallmarks of a Benedictine Education”.Rules of Saint Benedict“The Ten Hallmarks of a Benedictine Education The Ten Hallmarks Each academic year Moser College will be celebrating two of the Hallmarks. This academic year 2011-2012, the Hallmarks Stability and Stewardship have been chosen. The ten hallmarks are: 1.Love of Christ and Neighbor 2.Prayer: a Life marked by liturgy, lection and Mindfulness 3.Stability: commitment to the daily life of this place, its heritage and tradition 4.Conversatio: the way of formation and transformation 5.Obedience: a commitment to listening and consequent action 6.Discipline: a way toward learning and freedom 7.Humility: knowledge of self in relation to God, others and creation 8.Stewardship: responsible use of creation, culture and the arts 9.Hospitality: openness to others 10. Community: call to serve the common good Portrait (1926) by Herman Nieg (1849–1928); Heiligenkreuz Abbey, Austria Hallmarks Managerial Economics | MBA 611

5. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 5 Student Expectations Expectations of Students In order to get the maximum use of the time available, it is expected that you will: Read the material to be covered in the class and complete required assignments prior to attending the class/session; Arrive/login to class/session prepared to participate actively; Be prepared to actively participate in the collaborative activities of each class/session; and Always feel free to seek additional help from the instructor when the need arises. Attendance Policy Students may not miss more than 25% of the live classroom sessions. Doing so will result in an F for the course. Expectations financial aid information Managerial Economics | MBA 611 Submission of Work All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor. Assignments must be submitted by due date. Any assigned work submitted late for any unexcused reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L. In the event that you miss an examination for due cause, arrangements must be made with the instructor for a make-up examination. Important criteria concerning the submission of work: Make-up examinations may differ from the original class examination. Per University policy, assignments cannot be accepted by an instructor after the last day of the course. Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes. information concerning netiquette:

6. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 6 About Netiquette What is Netiquette? "Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well. Netiquette Netiquette Basics 1.Follow the Golden Rule (“One should treat others as one would like others to treat oneself”) 2.Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice 3.Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may not be appropriate in a classroom or in an online conversation with an instructor 4.Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs and headers and 6) limiting your use of attachments 5.Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier for the poster, but it is not easier for the reader For more information please review Netiquette by Virginia Shea Inappropriate Online Usage 1.Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often online then in face-to-face interaction, because there is an illusion of anonymity. 2.Flaming is neither productive nor appropriate for the learning environment 3.Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar, punctuation and spelling corrections 4.Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often seen as a form of aggression 5.Use emoticons ( :), :(, :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language Confidentiality and Privacy 1.Email, messaging and posting are forms of written record and are just as permanent as a letter or document 2.Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.) 3.Respect copyright and cite any and all sources 4.Do not expect that your communications are private, instead assume all communications are public Managerial Economics | MBA 611

7. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community IDEA Objectives Acquiring skills in working with others as a member of a team. Developing creative capacities (writing, inventing, designing, performing in art, music, drama, etc.) Gaining a broader understanding and appreciation of intellectual/ cultural activity (music, science, literature, etc.) Developing skill in expressing oneself orally or in writing. Learning how to find and use resources for answering questions or solving problems. Developing a clearer understanding of, and commitment to, personal values. Learning to analyze and critically evaluate ideas, arguments, and points of view. Acquiring an interest in learning more by asking questions and seeking answers. 7 Individual Development and Educational Assessment IDEA Description The IDEA student survey focuses on the instructor’s learning objectives for the course and on the progress each student made toward achieving those objectives. By answering thoughtfully and honestly, your ratings and comments will be much more helpful – to the instructor, the department chair, and the dean of the college. As students, you should also know that student ratings and comments have been used to help evaluate courses and to improve the educational experience at Benedictine University. The appropriate standard of conduct with respect to student surveys is thoughtful comments and constructive criticism – respectfully communicated. A Focus on Learning “The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than emphasizing teaching style or personality, the IDEA system focuses on student learning and the methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5www.theideacenter.org/node/5 IDEA Managerial Economics | MBA 611

8. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community Course Description Applies microeconomic tools to business decision making. Topics include optimization, consumer behavior, elasticity of demand, the use of regression analysis to estimate demand (revenues) and costs, marginal analysis and market structure. 8 Student Evening Course Overview Course Materials Required Textbook and Materials Thomas, Christopher R. & Maurice, S. Charles (2013). Managerial Economics – Foundations of Business Analysis and Strategy (11 th ed.). New York, NY: McGraw-Hill/Irwin. ISBN 9780078021718 Suggested Course Materials Wall Street Journal, cnbc.com, marketwatch.com The Course Grading Scale Technological Computer Requirements Students in the Blended program will need: High-speed Internet access; a sound card and speakers; Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or higher. It is also highly recommended that students have access to a microphone or webcam for optional audio/videoconferencing. A=4.0090 - 100%EXCELLENT B = 3.0080 – 89%GOOD C = 2.0070 – 79%SATISFACTORY D = 1.0060 – 69%PASS F = 0.00BELOW 60%FAIL I = INCINCOMPLETE Course Overview Discussion Forum Guidelines To receive a minimum passing grade, students must make a post to each discussion question for that week by day 4 of each week and respond to at least two other postings by the end of the week. Individual Posts are worth up to 5 points and the total Response Posts are worth up to 5 points total. Each discussion will total up to 10 points. Managerial Economics | MBA 611

9. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 9 Student Evening Course Outcomes Learning Outcomes about Bloom’s Taxonomy WkLearning ObjectiveAssignmentPts 1A Distinguish between economic profit and accounting profit. Explain & Illustrate PBL In class activity PBL Step 1 1B Elaborate on the concept of present value and explain its affects. Individual chapter problems. Due in Dropbox before class 2A. 10 Design supply, demand and market equilibrium curves Team chapter problems. Due in Dropbox before class 2A10 Construct price floor and price ceiling examples.Discussion post and two response posts on D2L.10 2A Build linear regression models. Explain & Illustrate PBL In class activity PBL Step 2 2B Discuss, evaluate and summarize consumer behavior. Individual chapter problems. Due in Dropbox before class 3A. 10 Compile and predict results of the substitution and income effects. Team chapter problems. Due in Dropbox before class 3A10 Develop and interpret elasticity.Discussion post and two response posts on D2L.10 3A Build demand estimation and forecasting. Explain & Illustrate PBL In class activity PBL Step 3 Assess your knowledge.In class quiz25 3B Predict the outcomes of price setting.Individual chapter problems. Due in Dropbox before class 4A. 10 Predict the outcomes of price setting.Team chapter problems. Due in Dropbox before class 4A10 3B Construct production costs n the short-run and long-run. Discussion post and two response posts on D2L.10 Managerial Economics | MBA 611

10. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 10 Student Evening Course Outcomes Learning Outcomes WkLearning ObjectiveAssignmentPts 4A Develop production and cost estimations Explain & Illustrate PBL In class activity. PBL Steps 4 & 5 4B Create managerial decisions in a competitive market. Individual chapter problems. Due in Dropbox before class 5A. 10 Discuss price making and price taking firms.Team chapter problems. Due in Dropbox before class 5A10 Choose managerial decisions for firms with market power. Discussion post and two response posts on D2L.10 5A Design strategic decisions in oligopolistic markets. Explain & Illustrate PBL In class activity PBL Step 6 Assess your knowledgeIn class quiz25 5B Design strategic decisions in oligopolistic markets. Individual chapter problems. Due in Dropbox before class 6A. 10 Adapt and elaborate to risk and uncertainty.Team chapter problems. Due in Dropbox before class 6A10 Build advanced pricing techniques.Discussion post and two response posts on D2L.10 6A Discuss government regulation and its affect on business. In class activity. Integrate economic concepts into a real life business problem. Final group project.70 6B Discuss government regulation and its affect on business. Individual chapter problems. Due in Dropbox by end of course 10 Compile the affects of market regulation on firms and consumers. Team chapter problems. Due in Dropbox by end of course 10 Choose when government should intervene in the market. Discussion post and two response posts on D2L.10 Managerial Economics | MBA 611

11. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 11 Student Evening Course Outcomes Learning Outcomes Total Points for the Course Discussion Questions10 points each x 6= 60 points20% of the total points Individual Written Assignments10 points each x 6= 60 points20% of the total points Team Written Assignments10 points each x 6= 60 points20% of the total points Quizzes25 points each x 2= 50 points17% of the total points Team Project and Presentation70 points x 1= 70 points23% of the total points Total Points for the Course= 300 points Managerial Economics | MBA 611

12. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 12 Student Evening Course Schedule SessionLoc.Class TitleAssignments 01 AF2F Preliminary Economics No pre-assignment for session 1A Discussion of Chapters 1-3. Introduction to Problem Based Learning (PBL) assignment. Team Activity: PBL Step 1 – Explore the issues. 01 Bonline Preliminary Economics Reading Assignment: Chapters 1-3. Written Assignment – Individual: Chapter 1, page 36, Mathematical Exercises 1-3. Written Assignment – Team: Chapter 2, page 83, Applied Problems 1- 10. Discussion Topic: Coffee. 02 AF2F Demand Analysis Review homework questions. Review Chapters 4-6. Team Activity: PBL Step 2 – List “What do we know”. 02 Bonline Demand Analysis Reading Assignment: Chapters 4-6. Written Assignment – Individual: o Chapter 4, page 149, Technical Problems 1-5. o Chapter 6, page 232, Applied Problems 1-2. Written Assignment – Team: o Chapter 4, page 153, Applied Problems 1-3. o Chapter 5, page 187, Technical Problems 1-5. o Chapter 6, page 232, Applied Problems 1-3. Discussion Topic: Free market, insurers and government. 03 AF2F Production and Cost Analysis Review homework questions. Review Chapters 7-9. Quiz 1, covering Chapters 1-6. Team Activity: PBL Step 3 – Develop and write out the problem statement. 03 Bonline Production and Cost Analysis Reading Assignment: Chapters 7-9. Written Assignment – Individual: Chapter 7, page 268, Technical Problems 1-3. Written Assignment – Team: o Chapter 7, page 271, Applied Problems 1-2. o Chapter 8, page 309, Applied Problems 1-3. o Chapter 9, page 354, Technical Problems 1-2 Discussion Topic: Mergers and acquisitions. Course Schedule Managerial Economics | MBA 611

13. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor  Prayer  Stability  Conversatio  Obedience  Discipline  Humility  Stewardship  Hospitality  Community 13 Student Evening Course Schedule SessionLoc.Class TitleAssignments 04 AF2F Profit Maximization Review Quiz 1 and homework questions. Review Chapters 10-12. Team Activity: o PBL Step 4 – List possible solutions. o PBL Step 5 – List actions to be taken with a timeline. 04 Bonline Profit Maximization Reading Assignment: Chapters 10-12. Written Assignment – Individual: Chapter 10, page 382, Applied Problems 1. Written Assignment – Team: o Chapter 11, page 441, Applied Problems 1-3. o Chapter 12, page 501, Applied Problems 1-5. Discussion Topic: Pricing behavior. 05 AF2F Advanced Topics in Managerial Economics Review homework questions. Review Chapters 13-15. Quiz 2, covering Chapters 7-12. Team Activity: PBL Step 6 – What do we need to know. 05 Bonline Advanced Topics in Managerial Economics Reading Assignment: Chapters 13-15. Written Assignment – Individual: Chapter 13, page 561, Technical Problems 1-2. Written Assignment – Team: o Chapter 13, page 565, Applied Problems 1-5. o Chapter 14, page 616, Technical Problems 1-2. Discussion Topic: Risk. 06 AF2F Government Regulation and Business Review Quiz 2 and homework questions. Review Chapter 16. Team Activity: PBL Step 7 – Present and defend conclusions. 06 Bonline Government Regulation and Business Reading Assignment: Chapter 16. Written Assignment – Individual: Chapter 16, page 694, Technical Problems 1. Written Assignment – Team: Chapter 16, page 700, Applied Problems 1. Discussion Topic: Government intervention. Team Activity: PBL Step 8 – Debrief your performance. Course Schedule Managerial Economics | MBA 611