School of Business and Economics

MBA Program
Course Name
Managerial Economics
Course Code
BUS-525, Section: 2
& Section No.
Semester Spring 2024

INSTRUCTOR AND DEPARTMENT INFORMATION

Instructor Name Sakib Bin Amin, Ph.D.

Associate Professor (Economics) & Director, NSU Accreditation Project Team (APT)
Office NAC 830 (B)
Office Hours MW: 3.00 PM-3.30 PM
Saturday: 5.00 PM-7.00 PM or by appointment
Office Phone +880-2- 55668200, Ext: 1818/6338
Email Address sakib.amin@northsouth.edu
Please write your Name, NSU ID#, and Section when you email me. The subject must
always read: “BUS 525.2” and a brief description of the topic(s) to be discussed in the
main body such as “appointment”, “missed class” etc.
Department Economics

COURSE AND SECTION INFORMATION

Class Time & A: 7.00 PM-10.10 PM at NAC 619

Location
Course This course is based on the foundations laid in the undergraduate-level economics
Prerequisite(s) units. Basic understanding of Mathematics (especially calculus) is preferred.
Course Credit 3:0
Hours
Course Description Managerial Economics (BUS 525) is a mixture of intermediate and advanced level
theoretical and applied microeconomics. The unit places strong emphasis on developing
analytical and theoretical skills as a means of encouraging rigorous and logical thinking
about real-world economic questions.
Course Objectives Throughout this unit, a framework is developed from the standpoint of individual
decision-makers that allows the economic behavior of consumers, producers, markets
and society as a whole to be analyzed. Topics covered include consumer choice and
consumer welfare measurement; demand for goods and labor supply; choice in the
presence of risk; theory of the firm; production and cost theory; profit maximization;
perfect competition; monopoly; oligopoly; game theory; public goods and externality
(tentative).
Student Learning Upon the successful completion of this course, a student will achieve the following
Outcomes (SLOs) learning outcome:
1. The ability to make decision about production
2. The ability to analyze consumer decision making process
3. Understanding of the basics of market analysis
4. The ability to describe the role of government in the economy

Page 1 of 4
TEXTBOOKS:
The required textbook for the course is:
Pindyck R. S., Rubinfeld D. L. and Mehta, P. L., Microeconomics, 7th Edition, Pearson Publications
(ISBN: 978-81-317-2599-3)

The supplementary text for the course is:

Dominic Salvatore and R. Srivastava, Managerial Economics: Principles and Worldwide Application,
7th Edition, Oxford University Press (ISBN-13: 978-0198075349)

The lecture slides for each lecture can be downloaded from canvas. It will not be possible to cover all the
material in the course of the lectures in detail. So, students are advised to go through the text book and other
recommended books. Handout will be provided if any reference beyond the suggested text is given.

TEACHING STRATEGIES:
There are 1 lecture per week in the Spring 2024 term. The exam questions will be designed on the basis of
class lectures, discussions and relevant chapters from the text. Students are encouraged to read the relevant
chapters carefully to arise problem on the following lectures. The format of the questions will be analytical in
nature.

The classes will be conducted through various activities including presentation of concepts and issues relevant
to managerial economics, discussion and exchanges of ideas related to real world economic issues, student
initiative and active involvement, cases on managerial economics, and written assignment. Students are
expected to actively involve and take initiative for their own learning experience.

2 hours will be provided for student’s consultation in a week. The consultation hours give the students the
chance to raise their own questions, identify and overcome common problems.

ASSESMENT (Subject to Change)

There will be 2 midterm examinations, 3 quizzes, 2 homeworks, and the final examination. Examination
schedule will be announced/discussed in class.

GRADING (Subject to Change):

Course Grade will be determined as follows:

Attendance 5%
Quizzes 15%
Midterm Examination 1 20%
Midterm Examination 2 20%
Homework 10%
Final Examination 30%

Course Grade will be based on a curve system. According to this system a student’s position determines his/her
overall letter grade. NSU’s grading and performance evaluation policies will be followed in assigning your
grade.

MAKE-UP EXAM POLICY

There will be no make-up Midterm exam if missed. However, if there is a major circumstance that prevents
student from taking any of the two (not both) Mid-term exams, student may be allowed to appear in a make-
up Midterm exam. Student(s) must provide me with official documents that prove their reason for missing the
Mid-term exam. If permission is granted, the date and time of the make-up exam will be set by the instructor
and the student is asked to contact the instructor for further information.
There will be NO make-up for quiz(es).

COMMUNICATION POLICY
All communications should take place using my official email. Announcements made in the classroom (online
class) will override any statement made here. It is your responsibility to be aware of any announcements made
in the class.

Page 2 of 4
CLASS ETIQUETTE:
Discussion is one of the finest ways to learn and appreciate the relevance of the subject matter. You are highly
encouraged to ask questions about specific topics and relevant current events. Since the goal of this course is
to build your economic intuition, you are especially encouraged to challenge me when a particular point sounds
counterintuitive. Your behavior in the classroom can affect the learning experience for others in the classroom.
Towards these ends, please adhere to the following guidelines:
1. Be on time for class and stay the entire class time.
2. Attendance is strongly recommended. The materials are cumulative in nature, so if a student misses
some lectures, he or she will not make sense out of subsequent lectures. So skip at your own risk!
3. Talking, sleeping, reading the newspaper or materials other than those for this class, or working on
other assignments, and any other activities not related to this class are strictly prohibited.
4. Cell phones should be turned off before class begins.

ACADEMIC INTEGRITY POLICY

School of Business and Economics (SBE) does not tolerate academic dishonesty by its students. At a
minimum, students must not be involved in cheating, copyright infringement, submitting the same work in
multiple courses, significant collaboration with other individuals outside of sanctioned group activities, and
fabrications. Students are advised that violations of the Student Integrity Code will be treated seriously, with
special attention given to repeated offences. For details, refer to NSU Student CODE OF CONDUCT at:
www.northsouth.edu/student-code-of-conduct.html

APPROPRIATE USE OF POLICY

All members of the North South University community must use electronic communications in a responsible
manner. The University may restrict the use of its computers and network systems for electronic
communications subject to violations of university policies/codes or local laws or national laws. Also, the
university reserves the right to limit access to its networks through university-owned or other computers, and
to remove or limit access to material posted on university-owned computers.

Good Luck!

Page 3 of 4
 TENTATIVE CLASS SCHEDULE (Subject to Change)
Lecture No. Date & Day Topic Relevant Chapters
1 February 10, Saturday General Discussions; Basic Economic Primer-I Chapter 1
2 24, Saturday Basic Economic Primer-II Chapter 1
3 March 1, Friday (Virtual: 4-6 pm) The Basics of Demand and Supply Chapter 2
4 2, Saturday Application of Demand, Supply Chapter 2
5 8, Friday (Virtual: 4-6 pm) Elasticity Chapter 2
6 9, Saturday Quiz 1 and Midterm 1 (Lectures: 1-4)
7 16, Saturday Consumer Choice Chapter 3
8 23, Saturday Theory of Production; The Cost of Production Chapters 6, 7
9 30, Saturday Theory of Production; The Cost of Production Chapters 6, 7
10 April 5, Friday (Virtual: 4-6 pm) Market Assumption; Perfect Competition Chapter 8
11 19, Friday (Virtual: 4-6 pm) Perfect Competition Chapter 8
12 20, Saturday Quiz 2 and Midterm 2 (Lectures: 5; 7-9)
13 27, Saturday Monopoly Chapter 10
14 May 4, Saturday Oligopoly and Monopolistic Competition Chapter 12
15 11, Saturday Review Class/Final -
18, Saturday Final Exam (Lectures: 10-11; 13-15)