1. homeaboutexpectationsresources course overview learning outcomes IDEA schedule & sessions course syllabus blended model student version next Cover evening classes MBA 611 Managerial Economics 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 http://www1.ben.edu/programs/a dult_cohorts/mission_vision.asp 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 * http://www.ben.edu/academic_programs/moser/about/index.cfmhttp://www.ben.edu/academic_programs/moser/about/index.cfm MBA 611 | Managerial Economics

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 MBA 611 | Managerial Economics

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 MBA 611 | Managerial Economics 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 MBA 611 | Managerial Economics

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 MBA 611 | Managerial Economics

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 demand, cost, production and pricing analysis, resource allocation and market structure. 8 Student Evening Course Overview Course Materials Required Textbook and Materials Maurice, S. C. & Thomas C. (2011). Managerial economics (10th ed.). ISBN 9780073375915 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. MBA 611 | Managerial Economics

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 Based in Bloom’s Taxonomy Learning OutcomesAssignmentsPoints Discuss Economic Profit & Accounting Profit. Elaborate on the concept of present value and explain its affects. Design Supply, Demand & Market Equilibrium curves. Construct Price floors and Price ceilings examples. Build Linear Regression models. Discuss, evaluate and summarize consumer behavior. Compile and predict results of the Substitution & Income Effects. Develop and interpret Elasticity. Build Demand Estimation and Forecasting. Predict the outcomes of Price Setting. Construct production costs in the Short-run & Long-run. Assess your knowledge: First in-class quiz. Introduction of Final Group Presentation. Develop Production and Cost Estimations. Create managerial decisions in a competitive market. Choose managerial decisions for firms with market power. Discuss Price making and Price taking firms. Design strategic decisions in oligopolistic markets. Build advanced Pricing Techniques. Adapt and elaborate to risk & uncertainty. Assess your knowledge: Second in-class quiz Discuss Government regulation and its affect on business. Choose when government should intervene in the market. Compile the affects of market regulation on firms and consumers. Assess your knowledge: Group presentation. Individual chapter problems. Discussion Post & Response. Team Assignment/Activity. Individual chapter problems Individual chapter problems. Discussion Post & Response. Team Assignment/Activity. Individual chapter problems. Individual Post & Response. Team Assignment/Activity. Quiz 1 (Chapter 1-6). Individual chapter problems. Discussion Post & Response. Team Assignment/Activity. Individual chapter problems. Discussion Post & Response. Team Assignment/Activity. Quiz 2 (Chap. 7-12). Individual chapter problems. Discussion Post & Response. Team Assignment/Activity. Final Group Project. Total course points 10 pts 10 pts 25 pts 10 pts 25 pts 10 pts 70 pts 300 Learning Outcomes MBA 611 | Managerial Economics

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 Classes: Course Schedule SessionLoc.Class TitleAssignments 01 AF2FPreliminary Economics Reading Assignment: review chapters 1-3, pages2-86. Written Assignment: none Activity &/or team assignment: Class participation reviewing chapters 1-3. 01 Bonline Preliminary Economics Reading Assignment: Chapters 4-6 pages 120-204. Written Assignment: Individual. Chap. 1 page 35, questions 1-3. Team Chap. 2 page 83 question 1-10 Chap. 3 page 111 questions 6&7. Discussion topic: Coffee. 02 A F2FDemand Analysis. Reading Assignment: Chapters 4-6, pages 120-204. Written Assignment: Review homework questions. Activity &/or team assignment: Review homework questions from prior week. 02 Bonline Demand Analysis. Reading Assignment: Chapters 7-9 pages 243-320. Written Assignment: Individual, Chap.4 page 149 questions1-5. Chap. 6 page 232 question 1&2. Team: Chap. 4 page 153 questions 1-3. Chap. 5 page 193 questions1-5. Chap. 6 page 238 questions 1-3. Discussion Topic: Free market, Insurers & Government. 03 A F2FProduction & Cost Analysis. Reading Assignment: Chapters 7-9 pages 243-320. Written Assignment: Review homework questions. Quiz 1, covering chapters 1-6. Activity &/or team assignment: Introduction of final presentation due week 6. 03 Bonline Production & Cost Analysis. Reading Assignment: Chapters 10-12 pages 371-453. Written Assignment: Individual, Chap. 7 page 276 questions 1-3. Team, Chap. 7 page 279 questions 1&2. Chap. 8 page 316 questions 1-3. Chap. 9 page 361 questions 1&2. Discussion topic: Mergers & Acquisitions. 04 A F2FProfit Maximization. Reading assignment: Review chapters 10-12 page 371-453. Written Assignment: Review quiz 1 & homework questions. Activity &/or team assignment: Review Team homework. Course Schedule MBA 611 | Managerial Economics

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 Classes: Course Schedule SessionLoc.Class TitleAssignments 04 Bonline Profit Maximization. Reading Assignment: Chapters 13-15 pages 511-624. Written Assignment: Individual, Chap. 10 page 388 question 1. Team: Chap. 11 page 447 questions 1-3. Chap. 12 page questions 1-5. Continue to work on final team project. Discussion topic: Pricing Behavior. 05 Aonline Advanced Topics – Managerial Economics. Reading Assignment: Review Chapters 13-15 pages 511-624. Written Assignment: Review homework questions. Quiz 2, covering chapters 7-12. Activity &/or team assignment: Review homework. 05 B F2FAdvanced Topics – Managerial Economics. Reading Assignment: Chapter 16 pages 653-688. Written Assignment: Individual Chap 13 page 562 questions 1&2. Team: Chap. 13 page 566 questions 1- 5. Chap. 14 page 615 questions 1&2. Continue to work on final team project. Discussion topic: Risk 06 Aonline Government Regulation and Business. Reading Assignment Review Chapter 16 pages 653- 688 Written Assignment: review quiz 2 & homework Activity &/or team assignment: Final Team Presentation. 06 B F2FGovernment Regulation and Business. Reading Assignment: none Written Assignment: Individual: Chap. 16 page 689 question 1. Team; page 695 question 1 Discussion topic: Government Intervention. Course Schedule MBA 611 | Managerial Economics