REQUIRED TEXT:Brickley, Smith, Zimmerman, Managerial Economics and Organizational Architecture. Boston: McGraw-Hill Irwin, 3rd Ed (2004) and The Wall Street Journal. Highly recommended but not mandatory books to read are: Good to Great by Jim Collins, New York: HarperCollins Publishers, 1st Ed (2001) & 24 Days by Rebecca Smith and John R. Emshwiller, New York: HarperCollins Publishers, 1st Ed (2003).
 
LEARNING ENVIRONMENT:   Attendance, student participation, and enthusiasm are essential ingredients for success in this course. I expect the classroom to be an environment that is conducive to active learning. You are strongly encouraged to attend regularly. You are responsible for obtaining any information that is given in the event you must miss a class. While in attendance, turn off your cell phones and beepers. During exams, do not wear caps.

OFFICE HOURS:   After each class or scheduled at a mutually convenient time. DON'T CALL ME AT HOME. My house is not my office. Call the Faculty Administration Office, the Economics Department or email me if you would like to talk to me.

REQUIREMENT AND GRADING:   A course grade will be assigned on the basis of student performance on three exams. The semester grade will be based on the standard grading sclae of A= 90-100; B = 80-89; C = 70-79; D = 60-69; F = <60.

Course grade components and points are as follows:

 
I will not give make-up exams, except under very necessary and clearly documentable circumstances. No early exams will be given either.

STUDENT CONDUCT:  Each student is fully bound by the regulations concerning student conduct.  They are contained in the University of Memphis Student Handbook (available from Office of the Assistant Dean of Students at the University Center).  Individuals caught cheating or plagiarizing should be prepared for the consequences.
 
 

TOPICS AND CHAPTERS FOR COVERAGE (The Syllabus is subject to change to accommodate class needs)

BASIC CONCEPTS
Introduction, Ethics	Chapter 1, 2, 21 Sat January 17
Economists' View of Behavior Prob 1, 7, 9	Chapter 2  Sat Jan 24
Markets, Organizations, and the Role of Knowlege Prob 2, 5, 9, 10	Chapter 3 Sat Jan 24, 31
MANAGERIAL ECONOMICS
Demand Prob 3,13,15	Chapter 4 Sat Feb 7
EXAM 1	Sat Feb 14
Market Structure Prob 4,8	Chapter 6 Sat Feb 21
Pricing with Market Power Prob 8,9	Chapter 7           Sat Feb 28
HOLIDAY: SPRING BREAK	Mar 1- Mar 7
Economics of Strategy Prob 6, 8	Chapter 8           Sat Mar 13
EXAM 2	Sat Mar 20
DESIGNING ORGANIZATIONAL ARCHITECTURE
Incentives Conflicts and Contracts Prob 1,5,6	Chapters 10 Sat Mar 27
Organizational Architecture Prob 1, 2, 3, 6	Chapter 11 Sat Mar 27
Decision Rights: The Level of Empowerment Prob 2,3,7,9	Chapter 12 Sat Apr 3
Decision Rights: Bundling Tasks into Jobs and Subunits Prob 2,3,5	Chapter 13 Sat Apr 10
Leadership Prob TBA - Good to Great	Good To Great Sat Apr 17
EXAM 3	Sat Apr 24

 

LAST DAY TO DROP: If you must drop/withdraw from this course, make certain that you do so before the last date to withdraw.  The Department Chair will not sign retroactive withdrawal requests, except in documented cases of extreme emergency.

SPECIAL NEEDS: Within the framework of fairness to all students and commitment to scholarship, all possible consideration will be accorded to those with special needs.  These needs must be documented through the established University of Memphis process.  If you have special needs (such as visual or hearing impairment) that require special accommodation or seating, please let me know so that suitable arrangements can be made.  This arrangement is consistent with the U-of-M policies and available from Office of the Director, Students Disability Services.