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Syllabus for EIO-520-OL

 

COURSE DESCRIPTION

Economic Issues in Organizations explores the complex relationship of strategic economic issues within an organization and the organization's interaction with other firms in the industry. The course begins with a brief overview of the basic economics of the firm and uses those principles to drive an analysis of the firm’s activities and interactions with other firms. The course examines different market structures to see how overall economic structure affects decision making and interactions; this basic structure will be used to analyze competition with other firms in obtaining resources, setting prices to maximize profits, and reacting to decisions of competitors. The course also examines methodologies for evaluating results and explores ways to use that analysis in making future decisions.

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COURSE OBJECTIVES

Upon completion of the course, students should be able to:

  • Course Objective 1 Discuss the concepts that underlie the economics of the firm in terms of costs, revenues, profitability, and profit maximization.


  • CO 2 Explain the effects of economies of scale in terms of the decision to add production capacity and its effects on cost structures and profit maximization.


  • CO 3 Analyze the decision making process within a firm and the sometimes adversarial interaction of senior management with the owners of a firm.


  • CO 4 Assess the vertical boundaries of the firm and evaluate make-or-buy decisions and decisions about transfer pricing mechanisms.


  • CO 5 Compare and contrast the advantages and disadvantages of diversification.


  • CO 6 Discuss the four market structures and how competition affects profitability and decision making in each.


  • CO 7 Evaluate market entry and exit strategies.


  • CO 8 Analyze strategic firm and product positioning, including the costs and benefits of a decision to change strategic direction.


  • CO 9 Analyze the difficulty of creating and sustaining competitive advantage.


  • CO 10 Evaluate performance measurement approaches and how best to utilize them.

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COURSE MATERIALS

The following materials are required to do the work of the course. The required textbooks are available from the College's textbook supplier, MBS Direct.


Required Textbooks

Besanko, D.; Dranove, D,; Shanley, M, & Schaefer, S. (2010). Economics of strategy, (5th ed). Hoboken, NJ: Wiley.

ISBN-13: 978-0-470-37360-6


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COURSE STRUCTURE

Economic Issues in Organizations is a three-credit graduate course, consisting of five modules.

Module Module Title and Topics/Key Ideas
1 The Foundations of Strategy

1.01  Cost functions
1.02  Revenue functions
1.03  Productivity at different levels of output
1.04  Increasing, constant, and decreasing returns to scale
1.05  Behavior of average fixed and average variable costs
1.06  Agency problems
1.07  Coordination between managers and owners
1.08  Monitoring agency problems
1.09  Dealing with combatants
2 Boundaries of the Firm

2.01  Vertical integration
2.02  Transfer pricing
2.03  Evaluation of internally created versus externally bought intermediate products
2.04  Internal diversification
2.05  External diversification
2.06  Measuring the anticipated or achieved results of diversification
3 Marketing Strategies

3.01  Perfect competition
3.02  Monopoly
3.03  Monopolistic competition
3.04  Oligopoly
3.05  Entering or exiting a market
3.06  Role of economic profits
3.07  Entry-barring strategies
3.08  Exit-promoting strategies
4 Strategic Positioning

4.01  Short and long term positioning
4.02  Advantages of positioning
4.03  Creating and maintaining value through positioning
4.04  Competitive advantage
4.05  Creating and maintaining competitive advantage
4.06  Costs/benefit analysis of creating competitive advantage
4.07  Costs associated with losing competitive advantage
5 Performance Measurement

5.01  Performance measurement systems
5.02  Fine tuning performance measurement systems to ensure adequate measurement
5.03  Costs of mismeasuring performance

For the course's instructional modules, go to the Course Content area of the course Web site. (See also the course Calendar.)

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ONLINE DISCUSSIONS

Within each module you will participate in two or more online class discussion forums. All discussion forums take place asynchronously on the class Discussion Board.

Online discussions provide an opportunity for you to interact with your classmates. During this aspect of the course, you respond to prompts that assist you in developing your ideas, you share those ideas with your classmates, and you comment on their posts. Discussion board interactions promote development of a community of learners, critical thinking, and exploratory learning.

Please participate in online discussions as you would in constructive face-to-face discussions. You are expected to post well-reasoned and thoughtful reflections for each item, making reference, as appropriate, to your readings. You are also expected to reply to your classmates' posts in a respectful, professional, and courteous manner. You may, of course, post questions asking for clarification or further elucidation on a topic.

Click link for an Evaluation Rubric.

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ASSIGNMENTS

Each module contains a module paper in addition to the discussion board assignment questions. In each module you analyze a question and synthesize module concepts in a paper of 2 to 3 pages. If you feel it is necessary, you may bring outside resources into these papers. If you do, be sure to cite any sources correctly in APA style.

  • Module Paper Evaluation Rubric
  • When satisfied that your assignment represents your best work, submit it to your mentor through the appropriate submission link within the Submit Assignments area of the course. Use the Browse button within this link to locate and submit your assignment file.

    The last learning unit in the Course Content area contains directions for your final project (see below).

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    FINAL PAPER

    For this course you are required to write a graduate-level paper of 10 to 15 pages. It is due on the last day of the semester. The paper should cover a current event with a focus on issues relevant to course concepts. You may choose the topic on your own, but the topic and a description of proposed applications must be approved by your mentor before work begins. The course includes a reminder in Module 4 so that you can obtain this approval.

    Students will use the event as a springboard to demonstrate an understanding of concepts and information covered in the course. The chosen event should be broad enough to allow students to apply learning, draw reasoned conclusions, and make recommendations on best practices relative to the event.

    As already noted, your paper should be 10 to 15 pages in length (2500 to 3750 words) and should follow the guidelines provided on this page. Be sure to follow accepted research approaches and citation format (APA).

    Guidelines

    • Your paper should be 10 to 15 pages (2500 to 3750 words) long and should cover the directives already listed.
    • You should follow accepted research approaches and citation format (APA).
    • Your paper should be well developed and convey your understanding of the readings and concepts.
    • Your paper should be organized, coherent, and unified.
    • Your paper should be free of spelling and grammatical errors.

    Guidelines

    If you are interested in knowing how your paper will be graded, click the following links. They show the standards for grading, telling you what would constitute an "A" paper, a "B" paper, and so on.


    A Note About Research

    The use of Wikipedia or other online encyclopedias for graduate-level papers is inappropriate. Aside from the uneven quality of the information that may be found in these sources, the real issue is that the information presented in these sources is "already digested." Use of such sources is an unacceptable shortcut for the graduate student. Students gathering information from these sites are essentially obtaining analyses done by someone else, not doing the work themselves. Rather than exploring the literature on a subject, such students are merely using the words of others who have already taken this vital step in academic research. It is imperative that graduate students be able to search the more academically-oriented literature, sift through useful (and not so useful) information, analyze, synthesize, and report the results of their activities. All of these steps are bypassed if information is cited from an online site such as Wikipedia. To sum up: Using information summarized or annotated by someone else is an unacceptable shortcut for a graduate student.

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    GRADING AND EVALUATION

    Your grade in the course will be determined as follows:

    Online discussions 30 percent
    Module Papers 40 percent
    Final Paper 30 percent

    To receive credit for the course, you must earn a letter grade of C or higher on the weighted average of all assigned course work (e.g., written assignments, papers, etc.). You will receive a score of 0 for any work not submitted. (Note: Graduate students must maintain a B average to remain in good academic standing.)

    Letter grades and their numerical equivalents are as follows:

    A = 93–100
    A– = 90–92
    B+ = 88–89
    B = 83–87
    B– = 80–82
    C+ = 78–79
    C = 70–77
    F = below 70

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    ACADEMIC INTEGRITY

    Thomas Edison State College expects all of its students to approach their education with academic integrity—the pursuit of scholarly activity free from fraud and deception. All mentors and administrative staff members at the College insist on strict standards of academic honesty in all courses. Academic dishonesty undermines this objective. Academic dishonesty takes the following forms:

    • Cheating
    • Plagiarizing (including copying and pasting from the Internet without using quotation marks and without acknowledging sources)
    • Fabricating information or citations
    • Facilitating acts of dishonesty by others
    • Unauthorized access to examinations or the use of unauthorized materials during exam administration
    • Submitting the work of another person or work previously used without informing the mentor
    • Tampering with the academic work of other students

    Academic dishonesty will result in disciplinary action and possible dismissal from the College. Students who submit papers that are found to be plagiarized will receive an F on the plagiarized assignment, may receive a grade of F for the course, and may face dismissal from the College.

    A student who is charged with academic dishonesty will be given oral or written notice of the charge. If a mentor or College official believes the infraction is serious enough to warrant referral of the case to the academic dean, or if the mentor awards a final grade of F in the course because of the infraction, the student and the mentor will be afforded formal due process.

    If a student is found cheating or using unauthorized materials on an examination, he or she will automatically receive a grade of F on that examination. Students who believe they have been falsely accused of academic dishonesty should seek redress through informal discussions with the mentor, through the office of the dean, or through an executive officer of Thomas Edison State College.


    Plagiarism
    Using someone else's work as your own is plagiarism. Although it may seem like simple dishonesty, plagiarism is against the law. Thomas Edison State College takes a strong stance against plagiarism, and students found to be plagiarizing will be severely penalized. If you copy phrases, sentences, paragraphs, or whole documents word-for-word—or if you paraphrase by changing a word here and there—without identifying the author, then you are plagiarizing. Please keep in mind that this type of identification applies to Internet sources as well as to print-based sources. Copying and pasting from the Internet, without using quotation marks and without acknowledging sources, constitutes plagiarism. (For information about how to cite Internet sources, see Graduate Online Student Handbook > Academic Standards > "Citing Sources.")

    Accidentally copying the words and ideas of another writer does not excuse the charge of plagiarism. It is easy to jot down notes and ideas from many sources and then write your own paper without knowing which words are your own and which are someone else's. It is more difficult to keep track of each and every source. However, the conscientious writer who wishes to avoid plagiarizing never fails to keep careful track of sources.

    Always be aware that if you write without acknowledging the sources of your ideas, you run the risk of being charged with plagiarism.

    Clearly, plagiarism, no matter the degree of intent to deceive, defeats the purpose of education. If you plagiarize deliberately, you are not educating yourself, and you are wasting your time on courses meant to improve your skills. If you plagiarize through carelessness, you are deceiving yourself.

    For examples of unintentional plagiarism and advice on when to quote and when to paraphrase, click the links provided below.

    Examples of Unintentional Plagiarism

    When to Quote and When to Paraphrase

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    Syllabus Index

    This document contains the following main sections:

    Course Description

    Course Objectives

    Course Materials

    Course Structure

    Online Discussions

    Assignments

    Final Paper

    Grading and Evaluation

    Academic Integrity

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