Graduate Curriculum Committee - zicklin : school of business - CUNY

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Purpose: This course is offered as part of the Baruch M.B.A. program by the Department of Economics and Finance. Given the complexities of management decision making in the economic environment the course is structured to provide the student with a broad appreciation of how scarce resources are allocated in a properly functioning economy. The course will permit the analysis of issues such as demand dynamics, price determination, the cost function, industry output and business strategies. In the course of learning microeconomics, you will study how management operates in competitive markets, how firms make their output decisions, and how these two directions interact to determine the price level and quantity of output produced. We will also discuss issues such as government intervention, and industrial organizations such as monopolies and oligopolies. Requirements: You are expected to have basic skills in mathematics including algebra and geometry. Course work will comprise one or two chapters of readings for each class as the basis of class discussion. There will be a midterm exam counting 25% of the course grade, and a final exam counting 25%. Each week a 3 x 5 card with two questions on the assigned reading is required. Question cards and the consequential discussions in Class participation will count 20%. A Course Group Project to be presented during the final sessions will count for 30%. Regular reading of the Economist, The Wall Street Journal or similar newspapers and familiarity with current economic events and issues is strongly emphasized. Students are encouraged to use the Internet sites suggested and other sites, as appropriate to amplify their readings. Question Cards: Should pose at least two original questions each week with specific citations to the text readings and relevant current events. Questions that aim to stimulate intelligent class discussion about economic, financial, or analytical aspects of the texts, or that seek explanation of difficult passages, will receive the highest marks. Course Group Project: Management is continually required to present in reports and proposals its analytical views to governing boards, committees and regulating bodies. The class will self-select or be assigned into groups to research, analyze prepare and present an approved topic in such a presentation using the tools of economic analysis. Each group will be self-governing in this Project and will share equally in the grade for the success of the Course Group Project Presentation. The Project will be judged by the quality of research, analysis as well as its persuasion and the quality of consequential discussion of the class. Texts: 1. N. Gregory Mankiw – Principals of Macroeconomics 5 th ED. South-Western Cengage Learning, 2009. ISBN: -13: 9780324589993 Internet: Text: http://www.cengage.com/esouthwesstern/mankiw5 Course: http://.baruch.cuny.edu.
Other: http://cepa.newschool.edu/het/ ; http://www.economist.com. Honesty: Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism, and collusion in dishonest acts undermine the college's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work, to learn the rules and definitions that underlie the practice of academic integrity, and to uphold its ideals. Ignorance of the rules is not an acceptable excuse for disobeying them. Any student who attempts to compromise or devalue the academic process will be sanctioned. WEEK/DAY TOPIC and Discussions ASSIGNMENTS 1./ DAY OF WEEK 2./DAY OF WEEK 3./ DAY OF WEEK Introduction Syllabus, Administration & Review Measuring Output and Income Ethical issues of data misrepresentation Production, Growth, Global Markets and the Financial system Chapters 1-4 Chapters 10 and 11 Chapters 12 and 13. 4./ DAY OF WEEK Finance, Ethics & Financial Analysis Chapter 14 5. / DAY OF WEEK The Monetary system Chapter 16 6. / DAY OF WEEK Money Growth and Inflation Chapter 17 7. / DAY OF WEEK Labor Markets and Unemployment Chapter 15 8. / DAY OF WEEK -- - Exam #1 -- 9./DAY OF WEEK Aggregation and the Trade-Off inflation vs. Unemployment Chapters 20 and 22 10./DAY OF WEEK Macroeconomics of Open Economies Chapters 18 and 19 11./DAY OF WEEK Monetary and Fiscal Policy Chapter 21 12./DAY OF WEEK Keynes vs. Chicago Chapter 23 13./DAY OF WEEK Group Project Presentations
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Graduate Curriculum Committee - zicklin : school of business - CUNY

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