Prof. Dan Friedman, UC Santa Cruz
Announcements
Final exam mean was 78.0, with std dev 10.0. This is better than most years — good work! You can pick up your final exam, at my office, 417 E2, the first week of classes Winter quarter. And pick up a munchie from New Leaf while you are in the neighborhood — better late than never!
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Managerial Economics A second course in microeconomics at the intermediate level, Economics 101 will emphasize interactions among firms and the internal organization of firms. The focus will be for-profit firms, but much of the material applies equally well to public sector and non-profit organizations.
Course prerequisites are a course in intermediate microeconomics such as 100A, and a course in statistical methods such as 113.
The primary text is Managerial Economics & Business Strategy, 7th ed. by Michael R. Baye(McGraw-Hill, 2009), denoted Baye below. Supplementary required readings include Wall Street Journal, New York Times, The Economist or a comparable news source. Additional readings are on reserve in the Science Library and/or posted below.
Grades are based on class participation and homework (25-30%), midterm exam (25%), and final exam (45-50%). Opportunities to earn bonus points (1-3%) include bringing in clippings related to class material, preparing official cheat sheets, and participating in classroom games.
The class meets Tu Th Noon – 1:45pm in Classroom Unit 1.
TAs are:
- Wentao Su, whose sections meet Wednesdays 9:30- 10:40am in Kresge 327 and Fridays 11-12:10 in 363 SocSci 2.
- Sameh Habib, whose sections meet Wednesdays, 12:30-1:40pm in 194 Engineering 2 and also 3:30-4:40pm in 175 Stevenson.
Office hours are:
- Dan: Wednesdays 9 – 11am and by appointment in 417 Engineering 2.
- Sameh: M 11-12am in 403G and W 2-3pm in 403F Engineering 2.
- Wentao: Mon 2-3pm and Tuesday 3-4pm in 403G Engineering 2.
Readings
Due dates: Final Exam is noon – 3pm Thursday December 13.
- solutions to final practice problems // Posted on Dec. 12, 2012
- Corrected solutions to the practice problems for the final exam.
- – download
- Official Cheat sheet // Posted on Dec. 10, 2012
- The list of formulas to be distributed with the final exam.
- – download
- AK for PS #5 // Posted on Dec. 4, 2012
- Answer key for the last homework problem set.
- – download
- practice final // Posted on Dec. 4, 2012
- This is almost exactly last year’s exam. Solutions will be posted Monday Dec 10. Give it a try before that!
- – download
- Auction data // Posted on Dec. 3, 2012
- data from class auctions Nov 29.
- – download
- Soutions to HW #4 // Posted on Nov. 27, 2012
- Solutions to all of HW#4 (including part2 Q2).
- – download
- Problem Set #5 // Posted on Nov. 26, 2012
- Last problem set, due in class Tuesday Dec 4.
- – download
- Lecture notes #16 // Posted on Nov. 21, 2012
- At popular request, the hand drawn notes projected in class Nov 21. Apologies for their messiness; they were not written with the intention of displaying them on the website.
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- Motivation game data // Posted on Nov. 18, 2012
- Data are the number of members of each group (A,B,C,D) choosing x=1 each period.
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- Problem Set 4 // Posted on Nov. 11, 2012
- Due in class Nov 20. Includes analysis of two in-class games.
- – download
- Answer key for midterm // Posted on Nov. 8, 2012
- Aanswer key for this year’s midterm exam.
- – download
- Midterm Exam // Posted on Nov. 8, 2012
- The exam given in class Thursday Nov 8.
- – download
- Coordination Game Data // Posted on Nov. 6, 2012
- Data from the coordination game played in class Tuesday Nov 6.
- – download
- Solutions to Baye Ch 9-10 // Posted on Nov. 5, 2012
- Answers to practice problems assigned in Baye Chapters 9 and 10.
- – download
- Problem Set #3 solutions // Posted on Nov. 1, 2012
- Problem Set #3 solutions
- – download
- Slides for Ch 10 // Posted on Nov. 1, 2012
- Handout format for slides mostly covered in the lecture Thursday Nov 1.
- – download
- Lecture notes 10/30 // Posted on Oct. 31, 2012
- Evelyn Cano’s Lecture notes for Tuesday Oct 30. Thanks, Evelyn!
- – download
- Oligopoly Scorecard // Posted on Oct. 31, 2012
- Evelyn Cano’s Oligopoly Scorecard as of Tuesday Oct 30. Thanks, Evelyn!
- – download
- Problem Set #3 // Posted on Oct. 24, 2012
- Third in a series of problem sets. Due in class October 30.
- – download
- Oligopoly game data // Posted on Oct. 21, 2012
- Data from the oligopoly games played in class Thursday October 18.
- – download
- Answer Key to PS 2 // Posted on Oct. 18, 2012
- Answer key to the second homework problem set.
- – download
- Slides for Baye Ch 8 // Posted on Oct. 18, 2012
- Powerpoint slides in handout format for Dan’s lectures on Thursday Oct 18 and the first half of October 23.
- – download
- Answer Key to PS 1 // Posted on Oct. 10, 2012
- Answers to all problems on the first homework.
- – download
- Supplement on internal organization // Posted on Oct. 9, 2012
- Supplemental reading: a non-technical essay that overlaps with Chapter 6 material.Exams will not draw on this material, but some students may find it useful background. For a new edition of Morals and Markets (2008), coauthored by Dan Friedman and Dan McNeill. Comments welcome on this draft before October 20, when it will be revised.
- – download
- Problem Set #2 // Posted on Oct. 8, 2012
- Second problem set. Due in class Tuesday October 16.
- – download
- Ch4-5 slides // Posted on Oct. 4, 2012
- Handout format for ppt slides presented in class, reviewing Baye Ch 1-3.
- – download
- Scan of textbook pages // Posted on Oct. 2, 2012
- Scan of HW 1 problems in Baye. Those of you who don’t yet have a copy of the text can read these.
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- Data for HW 1 // Posted on Oct. 2, 2012
- Spreadsheet contains data on values and costs, and also on transaction prices. Use it to answer the questions in Part 3 of your first homework assignment.
- – download
- Ch1-3 slides // Posted on Oct. 2, 2012
- Handout format for ppt slides presented in class, reviewing Baye Ch 1-3.
- – download
- Problem Set #1 // Posted on Sept. 24, 2012
- Due in class October 9. Solutions are now posted.
- – download
- Syllabus // Posted on Sept. 10, 2012
- Brief course syllabus including tentative schedule.
- – download