Business Economics Course Syllabus

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Course Syllabus

Herman Suryoutomo
[email protected] Office: DeVry Keller Graduate School of Management Bay Area Office Hours: TBD and by appointment Phone: 510-432-8899 Dr Herman Suryoutomo MS, MBA, MHRM, PhD, PE, CFP has been teaching at DeVry University Northern California, since 1999. He received his advanced degrees and post graduate studies in engineering and Business Administration from various major universities in the United States. He has been Chief Executive Officer, President and Key Executives, founder and owner of several diverse companies in the USA. He has held various professional and managerial licenses in various fields of Business and Engineering. He is currently teaching in undergraduate and graduate business fields.

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Course Text

Core Economics + Course Tutor
First Edition by Gerald W. Stone � 2008 Worth Publishers

Access your textbook in one of two ways: View as a web page (HTML): If you would prefer to use the HTML version of your text, you can open it here. Install MyScribe on your computer: See instructions below. This method will allow you permanent access to the text book. MyScribe instructions: You should install the MyScribe application to your computer and open the program to access your book. If you have not installed MyScribe onto your computer already, please download the MyScribe installation file. Step-by-step instructions are located in the MyScribeFAQ. Important - the link above is NOT a link to your book; it is a link to download the MyScribe application. Once you have installed and activated this program on your computer, current and future books will automatically download to your computer.

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Login to your MyScribe program using: Username: your DSI using a lower case d as the first character, as in d43215678 Password: beginning with the January 2010 sessions, new accounts will be created using your birth date ('yyyymm'), the same as is done for HUB and iLab accounts. For example, if your birth date is July 3, 1982, your password will be 198207. Existing account passwords will remain unchanged as devry

There is no need to buy a printed version of the textbook. For an additional cost, you can purchase a printed copy of the textbook; feel free to visit the online bookstore, Follett Express, or your campus bookstore.

Course Description Business Economics provides a basic understanding of managerial economics and the impact of

the economic environment on business decision making. The course develops micro- and macroeconomic topics, with particular emphasis on marginal analysis and supply and demand considerations. No prerequisite

Terminal Course DeVry University course content is constructed from curriculum guides developed for each course Objectives that are in alignment with specific Terminal Course Objectives. The Terminal Course Objectives

(TCOs) define the learning objectives that the student will be required to comprehend and demonstrate by course completion. The TCOs that will be covered in detail each week can be found in the Objectives section for that particular week. Whenever possible, a reference will be made from a particular assignment or discussion back to the TCO that it emphasizes. Given a demand function and a supply function, illustrate how the price mechanism, in response to changes in other demand or supply factors, leads to a new market equilibrium price and level of output. Given appropriate marketing data, including price elasticity coefficients, demonstrate how to use this information in product pricing in order to maximize profits. Given knowledge of key cost and marginal revenue relationships, use marginal analysis to demonstrate shutdown, break-even and optimal output points, as well as the optimal amount of a resource to utilize. Given relevant price and cost data, discuss optimal output levels for a competitive firm versus a firm operating in an imperfectly competitive environment; students will participate in a discussion of anti-trust legislation.




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Given an introduction to key macroeconomic variables, distinguish between real and nominal output variables, between various inflation measures, and demonstrate the derivation of the unemployment rate; assess the sensitivity of strategic policy decisions based on these measures to the quality of available statistical data. Given increasing interdependencies between trading nations and the analogy of foreign currency as a commodity, analyze the effects of demand and supply pressures on exchange rates; students must demonstrate an understanding of trade barriers in general, as well as the effectiveness of institutional entities (e.g., GATT, NAFTA, and EU). Given the need for changes in fiscal and monetary policy, determine appropriate changes in government spending, taxation, interest rates, and/or open market operations; students must be able to demonstrate the resulting effect on GDP, the budget deficit (surplus), and the trade deficit (surplus). Given the existence of negative externalities in private production, and accounting for political and social agendas, establish, justify and assess options for government intervention in the form of regulation and/or taxation. Given a forecast of macroeconomic variables, predict the impact on key microeconomic decisions at an organization: justify how resources are currently allocated, consider and present alternative options, estimate behavioral responses, and formulate and defend a recommendation.





Blended eLearning This course is an eight-week intensive course which includes both classroom-based and

e-learning activities. Your participation in both areas is essential to your success in this course. You should expect to spend time each week participating in the prescribed activities both before and after our class meeting. Participation before, during, and after class meetings is critical to your success in this intensive environment. To get the most out of our weekly class meetings it is essential that you come to class prepared. The weekly readings listed in the Course Schedule will prepare you for class. Our class meetings, in turn, will prepare you for upcoming exams and assignments. Through the DeVry eLearning Platform you will be able to review the syllabus and weekly assignment information, submit completed work for grading, take quizzes and exams, obtain copies of class handouts and notes, e-mail the instructor and other students, and participate in online discussion of class material.

Course Schedule

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Week, TCOs and Topics Week 1 TCOs A & B Supply and Demand & Elasticity

Readings/Class Preparation


Chapters 3 and 5

Homework and Study Tools (not graded but highly recommended) Graded Discussion Topics

Week 2 TCO C Marginal Analysis

Project Part 1 Chapters 7 and 8 Homework and Study Tools (not graded but highly recommended) Graded Discussion Topics

Week 3 TCO D Imperfect Competition

Homework and Study Tools (not graded but highly recommended) Chapters 9 and 10 Graded Discussion Topic Quiz

Week 4 TCO E Intro to Macroeconomics

Chapters 15 and 16

Homework and Study Tools (not graded but highly recommended) Graded Discussion Topics

Week 5 TCO F The Global Economy

Project Part 2 Chapters 25 and 26 Homework and Study Tools (not graded but highly recommended) Graded Discussion Topics

You Decide Assignment Week 6 TCO G Monetary and Fiscal Policy Homework and Study Tools (not graded but highly recommended) Graded Discussion Topics Quiz Week 7 TCOs H & I Macro and Micro

Chapters 20, 21, and 22

Chapters 23 and 24

Graded Discussion Topics

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Integration Week 8 All TCOs Final Exam

Due Dates for Assignments All assignments, quizzes, and exams are to be completed per the schedule indicated by & Exams your instructor.

Assignment Values and The maximum score in this class is 1000 points. The categories, which contribute to your final Letter Grades grade, are weighted as follows:

Assignment Discussions (30 Pts, Weeks 1-7) Projects: Part 1 (Week 2); Part 2 (Week 5) - 90 points and 100 points respectively

Points 210 190

Weighting 21% 19%

Quizzes: Weeks 3 and 6100 and 150 points, respectively You Decide (Week 6) Final Exam Total Points



50 300 1000

5% 30% 100%

All of your course requirements are graded using points. At the end of the course, the points are converted to a letter grade using the scale in the table below. Letter Grade Points 930 - 1000 900 - 929 870 - 899 830 - 869 800 - 829 Percentage 93% to 100% 90% to 92.9% 87% to 89.9% 83% to 86.9% 80% to 82.9%

A AB+ B B-

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770 - 799 730 - 769 700 - 729 670 - 699 630 - 669 600 - 629 599 and below

77% to 79.9% 73% to 76.9% 70% to 72.9% 67% to 69.9% 63% to 66.9% 60% to 62.9% Below 60%

Discussion Requirements A successful student in online education is one who takes an active role in the learning process.

You are therefore encouraged to participate in the discussion areas to enhance your learning experience throughout each week both before and after our class meeting. The discussions will be graded for

1. Frequency�Number and regularity of your contributions. Students are expected to log into the course and post (respond) in each graded Discussion topic on a minimum of three different days a week. 2. Quality�Content of your contributions. Examples of quality posts include
providing additional information to the discussion, elaborating on previous comments from others, presenting explanations of concepts or methods to help fellow students, presenting reasons for or against a topic in a persuasive fashion, sharing your own personal experiences that relate to the topic, and providing a URL and explanation for an area you researched on the Internet. Full credit is awarded when both high quality and required frequency is met.

Plagiarism and Keller Graduate Citations

Plagiarism & Citations
Plagiarism is a violation of the Academic Integrity code of this institution and will not be tolerated. The plagiarism policy applies to every aspect of your coursework including threaded discussions, exams, quizzes, essays, assignments, etc. It is important that students fully cite any outside ideas, text and visual aides they reference in that work. If you copy from, rely on, or paraphrase from your text or from any other source, you must include in-text citations. For any source other than your text, you must also include the proper reference material including the full URL and date accessed if the source is the web. Failure to do so is a violation of DeVry Academic Standards. Instructors are required to follow the DeVry Academic Integrity policy. Refer to your student handbook for details.

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As a part of our commitment to academic integrity, your work in this course may be submitted to, an online plagiarism checking service. operates a secure database and protects your privacy by assigning report numbers to all student work stored in its database. The purpose of using this service is to help protect the integrity of a DeVry degree, which in turn helps to protect your work and your investment in a DeVry education. See for more details. How to Avoid Plagiarism

Style Guide
Keller Graduate School of Management of DeVry University recommends all graduate students purchase and make use of the official style guide entitled, Writing the Research Paper: A Handbook, 7th edition, by Anthony C. Winkler and Jo Ray McCuen. This handbook includes information on the following styles: APA, MLA, CEE, CMS, and Columbia Online. Students can use any of these five styles unless otherwise instructed to use one of them exclusively. Students who have purchased the University's previous official style guide entitled, The Business Student Writers Manual and Guide to the Internet, by Thomas P. Bergman, Stephen M. Garrison, and Gregory M. Scott, will NOT be required to purchase another style guide. The new style guide is available through the online bookstore, Follett Express.

Below are two tutorials covering two of the five acceptable styles:

APA Guidelines
APA Guidelines for Citing Sources This tutorial provides a resource for citing references in papers using the current edition of the Publication Manual of the American Psychological Association. The following is covered within the tutorial: the purposes of APA documentation, guidelines and examples on how to cite original sources in the text of your paper using parenthetical citations, and how to format the reference list and an entire paper.

MLA Guidelines
MLA Guidelines for Citing Sources MLA style provides writers a system of cross-referencing their sources and protecting them from accusations of plagiarism. This tutorial goes over the purposes of MLA documentation, as well as methods and examples for using parenthetical citations, and how to format a Works Cited page.

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