| Prerequisite change | Undergraduate |
| From: | ||
|---|---|---|
| Course Prefix & Number | Descriptive Title | Credits/Hours |
| EC 395 | Managerial Economics | 4 - 0 |
| To: | ||
| Course Prefix & Number | Descriptive Title | Credits/Hours |
| EC 395 | Managerial Economics | 4 - 0 |
|
Abbreviation for Class Schedule(20 spaces) MANAGERIAL ECON |
|
Current Course Description: Applies microeconomic concepts to managerial decision-making. Topics include the analysis of: demand, revenue and cost functions, forecasting models and techniques, market structures, pricing, technology, and government regulation. Prerequisite: EC 311 |
|
New Course Description: Applies microeconomic concepts to managerial decision-making. Topics include the analysis of: demand, revenue and cost functions, forecasting models and techniques, market structures, pricing, technology, and government regulation. Prerequisite: EC 201, Mth 241 or BA 240, and MTH 243 or BA 243. |
|
Justification for changing the course (e.g. alignment with other institutions, program revision, etc.): Based on experience teaching this course the faculty have determined that students with EC 201, Introduction to Microeconomics, are adequately prepared to apply microeconomic theory without requiring EC 311, Intermediate Microeconomics. However, some students lack the algebraic and statistical skills required to represent optimization rules mathematically. Overcoming this shortcoming for these students require sufficient time that other topics cannot be covered in the course. Requiring these two courses will more clearly identify the skills required for student success. |
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Students/Program affected: Economics majors and minors, Business majors and minors that choose this course as an upper division elective for their program. |
| Step | Approver | Decision | Timestamp |
|---|---|---|---|
| 1 - Department | Hamid Bahari-Kashani | Approved | January 14 2011 |
| 2 - Division | Hamid Bahari-Kashani | Approved | January 18 2011 |
| 3 - Division Curriculum | Kristina Frankenberger | Approved | January 19 2011 |
| 5 - Curriculum Committee | Robert Monge | Approved | February 09 2011 |
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Comments: Approve with Change Prerequisites to read: total of 3 prereqs. EC 201, MTH 241 or MTH 251 or BA 240, and MTH 243 or BA 243. |
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| 6 - Faculty Senate | Gavin Keulks | Approved | March 08 2011 |
| 7 - Dean | Stephen Scheck | Approved | March 15 2011 |
|
Comments: Would suggest using semicolons to separate the three pre-requisites i.e.,
rather than as in comments above, write out as:
EC201; MTH 241 or MTH 251 or BA 240; MTH 243 or BA 243 |
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| 8 - Provost | Kent Neely | Approved | March 16 2011 |