Reading and Homework Assignments
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TP = Technical Problems (at end of chapter in
textbook) |
SWHE = Student Workbook Homework Exercise |
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AP = Applied Problems (at end of chapter in
textbook) |
SWCP = Student Workbook Computer Problem |
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SWSP = Student Workbook Study Problems |
SWCE = Student Workbook Computer Exercise |
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Topic
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Reading
Assignment
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Homework Problems
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Review:
Fundamental Mathematics |
Student
Workbook, pp. 1-18 |
Exercises
2, 5,7,10,14-16 in Student Workbook, pp. 1-18. |
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Managers,
Firms, and Markets |
Chapter
1 (and the Math Appendix in Chapter 1) |
TP: 1,2,3 AP: 1 SWSP:
3,4,6 SWHE: 1 Math Appendix:
1,2 on p. 28 |
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Demand,
Supply, and Market Equilibrium |
Chapter 2 |
TP:
2,6,7,11,13,14,15 AP: 14 SWSP: 1-10 SWHE: 1-12 |
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Elasticity
and Demand |
Chapter 3 |
TP:
2,3,4,8,10-13 AP: 5 SWSP: 1-7,9-10 SWHE: 2 |
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Theory of
Optimization |
Chapter 4 Learn only
Sections 4.1 and 4.2 (pp. 118-131) |
TP: 1-4,6,7,9 AP: 4 SWSP: 1,4 SWHE: 1 |
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Basic Estimation Techniques |
Chapter 5 Skip “Log-Linear
Regression Models,” pp. 178-82 Skip t- and F-tests: pp. 163-66 and 170. Use p-values only to examine
statistical significance. |
TP: 1,9c,d,f SWSP: 7c,e,f SWCP: 1 (p. 106) |
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Empirical Demand Functions |
Chapter 7 Skip “A Nonlinear Empirical Demand Specification,” p. 252 and Skip 7.4 “Estimating Industry Demand for Price-Taking Firms,” pp. 256-263. |
TP: 2 SWCE (Liquid
Ozarka): 2a-e (p. 161-2) Hint:
Part a, R2 = 0.8585 |
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Demand
Forecasting |
Chapter 8 Skip Section 8.4, pp. 295-304 |
TP: 2,3 AP: 3 SWCE (Gallaway,
Inc.): 3 (p. 179-80) Hint:
For part a, R2 = 0.0722 and for part b, R2 = 0.7591 |
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Production
and Cost in the Short Run |
Chapter 9 |
TP: 2, 9 AP: 9,11 SWSP: 6 SWHE: 1,2 |
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Production
and Cost in the Long Run |
Chapter 10 Skip
section 10.8 “Relations between short-run and long-run costs”, pp. 385-87 |
TP: 1-12 AP: 5,12 SWSP: 3,5,7 SWHE: 1 |
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Empirical
Analysis of Production and Cost |
Chapter
11 Skip
section 11.1 “Specification of the Short-Run Production Function,” pp. 402-6 Skip section 11.2 “Estimation of the Short-Run
Cubic Production Function,” pp. 406-9 |
TP: 5 AP: 3 SWCE (Palm Products Co.): 3 (p. 239) Hint: R2 = 0.7317 |
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Managerial
Decisions in Competitive Markets |
Chapter 12 Skip subsection “Rent and Long-Run
Competitive Equilibrium”, pp. 451-454 Skip
section 12.6 “Profit-Maximizing Input Usage,@
pp. 454-57 |
TP: 3,8,11,12 SWSP: 2,7 Consulting
Project on Website*: Harding
Silicon Enterprises Statistix
dataset for Harding Silcon Ent. Hint: For AVC, R2
= 0.9429 |
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Managerial Decisions for Firms with
Market Power |
Chapter 13 Skip section 13.5 AProfit-Maximizing
Input Usage,” pp. 499-502 |
TP:
1,3-8,11,16,17 AP: 9 Consulting Project on Website*: PoolVac, Inc. Statistix dataset for
PoolVac. Hint: For AVC, R2 = 0.9036 and for
demand, R2 = 0.6429 |
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Strategic
Decision Making in Oligopoly Markets |
Chapter 14 Skip subsection “Capacity Expansion as
a Barrier to Entry,” pp. 564-67 |
TP: 1-14 AP: 1, 5 |
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Multiple
Plants, Markets, and Products |
Chapter 16 To be
announced |
To be
announced |
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* Indicates
items will be provided to you on the website.