Tutorial Session In Managerial Economics Part 2

DR. ABRAHAM C. CAMBA JR. Department of Economics, San Beda College, Mendiola, Manila and Polytechnic University of the Philippines, Sta. Mesa, Manila

Managerial Economics - ECO10 TUTORIAL SESSIONS Date of submission: September 8, 2009

PART TWO ANSWER ALL QUESTIONS! Manuscript should be encoded in MS Word document, doublespaced and justified using 12-point Arial font with one-inch margin on all sides and printed on one side of an 8.5x11 bond paper.

SESSION 1: Discuss briefly the following (500-1,000 words):

1. Why is Managerial Economics important to your field?

2. Why is it appropriate to view firms primarily as economic entities?

3. Describe the relation between totals and marginals, and explain why the total

is maximized when the marginal is set equal to zero?

4. Define the following terms: a) risk, b) certainty, and c) uncertainty. Enumerate and explain the special risks associated in global operations.

5. What is corporate governance? Why is corporate governance important to firm performance?

DR. ABRAHAM C. CAMBA JR. Department of Economics, San Beda College, Mendiola, Manila and Polytechnic University of the Philippines, Sta. Mesa, Manila

References:

1. Economics for Managers (2008) by James R. McGuigan, R. Charles Moyer, and Frederick H. deB. Harris. 2. Managerial Economics: Economic Tools for Today’s Decision Makers (2006) by Paul G. Keat and Philip K.Y. Young. 3. Managerial Economics (2008) by Christopher Thomas and Maurice S. Charles.