I. PREREQUISITE For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

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1 BUSI 62 Note: Course content may be changed, term to term, without notice. The information below is provided as a guide for course selection and is not binding in any form, and should not be used to purchase course materials. Page 1 of 5

2 COURSE SYLLABUS BUSI 62 GLOBAL ECONOMIC ENVIRONMENT COURSE DESCRIPTION This course covers the tools of microeconomics useful in the analysis of producer and consumer behavior. The economics of demand, production and cost, and pricing and output decisions in a market system form the core of an approach adapted to the challenges faced by managers in the private, public, and nonprofit sectors of the economy. The coverage is from the domestic, as well as global perspectives. RATIONALE This course presents a framework grounded in the fundamentals of economic theory that provides a powerful way of analyzing business problems and developing effective solutions. The course supports the published Liberty University Philosophy and Mission Aims. I. PREREQUISITE For information regarding prerequisites for this course, please refer to the Academic Course Catalog. II. III. IV. REQUIRED RESOURCE PURCHASE Click on the following link to view the required resource(s) for the term in which you are registered: RECOMMENDED RESOURCE Salvatore, D. (any year). Schaum s outlines of microeconomics (Any ed.). New York, NY: McGraw-Hill. ADDITIONAL MATERIALS FOR LEARNING A. Computer with basic audio/video output equipment B. Internet access (broadband recommended) C. Microsoft Word, Microsoft PowerPoint, and Microsoft Excel (Microsoft Office is available at a special discount to Liberty University students.) V. MEASURABLE LEARNING OUTCOMES Upon successful completion of this course, the student will be able to: A. Relate biblical principles to managerial economics (PLO 1 emphsized) B. Understand the nature and scope of managerial economics in a global economy. (PLO 2 emphasized)

3 BUSI 62 Course Syllabus C. Analyze, estimate, and forecast demand for products. (PLO 2 emphasized) D. Comprehend the relationship between production and cost. (PLO 2 emphasized) E. Apply different pricing practices in various market structures. (PLO 3 emphasized) F. Perform risk analysis and make long-term investment decisions for a company. (PLO 3 emphasized) VI. COURSE REQUIREMENTS AND ASSIGNMENTS A. Textbook readings and lecture presentations/notes B. Course Requirements Checklist After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1. C. Discussion Board Forums (6) Discussion boards are collaborative learning experiences. Therefore, the student will be presented with several questions in each Discussion Board Forum. The student is required to answer 2 questions in each forum (the 5th question plus 1 of the remaining 4 questions) with 1 citation per question in current APA format. Each Discussion Board Forum thread must be at least words. The student must also reply to 1 classmate s thread with 1 citation, and the reply must be at least 15 words. D. Questions for Critical Thinking (7) The student will be required to answer a set of questions taken from the end-ofchapter discussion questions and problems. E. Research or Interview Paper The student is required to write a double-spaced paper (not counting the current APA formatted title and reference pages) that is at least 7 and at most 9 pages. The student may either interview a company executive or manager to answer 5 questions the student has about a topic in managerial economics or write a research paper on a managerial economics topic with a minimum of 3 references. F. Tests (2) Each test will cover the Reading & Study material for the modules/weeks in which it is assigned. Each test will be open-book/open-notes, contain 4 multiple-choice questions, and have a 2-hour time limit. About half of the questions will require calculations. The student will have 1 opportunity to complete each test. Page 3 of 5

4 BUSI 62 Course Syllabus VII. COURSE GRADING AND POLICIES A. Points Course Requirements Checklist 1 Discussion Board Forums (6 at pts ea) 1 Questions for Critical Thinking (7 at pts ea) 56 Research or Interview 1 Paper Test 1 (Chapters 1 8) Test 2 (Chapters 9 15) Total 11 B. Scale A = A- = B+ = B = B- = C+ = C = C- = F = 759 C. Disability Assistance Students with a documented disability may contact Liberty University Online s Office of Disability Academic Support (ODAS) at LUOODAS@liberty.edu to make arrangements for academic accommodations. Further information can be found at Page 4 of 5

5 COURSE SCHEDULE BUSI 62 Textbooks: Froeb et al., Managerial Economics: A Problem Solving Approach (216). Salvatore, Managerial Economics in a Global Economy (215). MODULE/ WEEK READING & STUDY ASSIGNMENTS POINTS 1 Froeb et al.: chs. 3 4 Salvatore: chs. 1 3 Course Requirements Checklist Class Introductions Pretest Graduate Level Business Program Assessment DB Forum 1 QCT Froeb et al.: ch. 6 Salvatore: chs. 4 5 DB Forum 2 QCT 2 3 Salvatore: chs. 6 7 DB Forum 3 QCT 3 4 Froeb et al.: chs. 9, 11 Salvatore: chs study guide DB Forum 4 QCT 4 Test 1 5 Froeb et al.: chs. 1, 15 Salvatore: chs DB Forum 5 QCT 5 6 Froeb et al.: chs Salvatore: chs DB Forum 6 QCT6 7 1 study guide Research or Interview Paper 1 8 Froeb et al.: chs. 17, 19 Salvatore: chs QCT 7 Test 2 DB = Discussion Board QCT = Questions for Critical Thinking TOTAL 11 NOTE: Module/Week one begins on Monday and ends at 11:59 p.m. (ET) on Friday. Modules/Weeks 2-8 begin on Saturday and end at 11:59 p.m. (ET) on Friday.