Students will learn how to use economic thinking in making managerial decisions and motivating others to make decisions that increase the value of organizations. Prerequisites: ECNP 5003 or equivalent.

( GMPF 5003 OR ECNP 5003 OR ECON 2020 OR ECN 2020 )

Entrance Competencies

It is assumed that students entering the course:

1) Possess a working knowledge of introductory economics.
2) Are familiar with basic concepts of algebra.
3) Know how to work with graphs and functional relationships.
4) Are able to relate economic concepts to real-world situations.

Exit Competencies

Upon completing this course, students will have developed an understanding of basic economic concepts and the ability to apply those concepts to the structure and operation of organizations. They will be able to use powerful analytical tools, such as optimization, utility and equilibrium theory, to make decisions which enhance value. In particular, students will understand and apply economics in such areas as:

1) Markets, organizations and knowledge.
2) Demand, supply, production and cost.
3) Market structure and market power.
4) Creating and capturing value.
5) Strategy and game theory.
6) Incentive conflicts and contracts.
7) Decision rights
8) Compensation
9) Performance
10) Special topics including: corporate governance, economics of vertical integration and outsourcing, economics of regulation, and economics and ethics.

1. Required Materials


1. Textbooks

Managerial Economics & Organizational Architecture - 5.Edition - 2009
James Brickley, Jerold Zimmerman, Clifford Smith
McGraw-Hill
ISBN: 9780073375823



APA Manual
Effective October 1^st 2009, the 6th edition of the APA Manual is required for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.